VGT(SZ:300476)2025-04-21 12:55Financial Performance - The company's revenue for Q1 2025 reached ¥4,312,340,862.19, representing an increase of 80.31% compared to ¥2,391,566,648.53 in the same period last year[5] - Net profit attributable to shareholders was ¥920,647,385.47, a significant increase of 339.22% from ¥209,607,792.10 year-on-year[5] - Basic earnings per share rose to ¥1.0700, reflecting a 345.83% increase compared to ¥0.2400 in the same period last year[5] - The total profit for Q1 2025 was RMB 1.087 billion, representing a year-on-year growth of 327.96%[15] - The company's net profit for the current period is ¥920,647,385.47, compared to ¥209,607,792.10 in the previous period, representing an increase of approximately 338%[23] - Total operating income for the current period is ¥1,091,486,578.78, while the previous period was ¥254,695,257.10, indicating a growth of about 328%[23] Cash Flow and Assets - The net cash flow from operating activities was ¥423,857,775.27, up 134.60% from ¥180,672,658.41 in the previous year[5] - The net increase in cash and cash equivalents was ¥33,080.18 million, a significant change from a decrease of ¥8,871.80 million in the previous year[8] - The cash and cash equivalents at the end of the period amount to ¥1,257,447,745.25, compared to ¥660,659,131.68 at the end of the previous period, showing an increase of about 90%[27] - The company has incurred a net cash outflow from investing activities of ¥708,367,263.71, compared to a net outflow of ¥202,820,226.47 in the previous period, indicating a larger investment in growth initiatives[26] - The cash flow from financing activities resulted in a net inflow of ¥592,663,292.61, contrasting with a net outflow of ¥83,662,565.65 in the previous period, suggesting improved financing conditions[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,923,782,279.13, a 9.12% increase from ¥19,175,313,194.03 at the end of the previous year[5] - Current assets totaled ¥9,096,792,163.00, up from ¥8,079,998,062.01, marking a rise of 12.5%[19] - Non-current assets rose to ¥11,826,990,116.13, compared to ¥11,095,315,132.02, an increase of 6.6%[19] - Total liabilities increased to ¥10,994,190,587.81 from ¥10,247,379,783.92, representing a growth of 7.3%[20] - The company's retained earnings increased to ¥4,751,671,722.48 from ¥3,831,024,337.01, a growth of 24.0%[20] Research and Development - Research and development expenses increased by 43.72% to ¥12,961.72 million, driven by higher investment in R&D[7] - The company emphasizes its competitive edge in PCB manufacturing technology, enhancing profitability through R&D and manufacturing advantages[15] Future Outlook - The company forecasts a net profit growth of no less than 30% for Q2 2025 compared to Q1 2025[16] - The company anticipates a year-on-year net profit growth of over 360% for the first half of 2025[16] Share Repurchase - The company plans to repurchase shares with a total amount between RMB 70 million and RMB 140 million for employee stock ownership plans[13] - As of November 29, 2024, the company repurchased 219,500 shares, accounting for 0.03% of the total share capital[13] - By February 6, 2025, the company had repurchased a total of 1,643,100 shares, representing 0.19% of the total share capital[14] Other Financial Metrics - The weighted average return on equity improved to 9.74%, up from 2.85% in the same period last year[5] - The company recorded other comprehensive income after tax of ¥122,119,478.30, compared to a loss of ¥59,577,562.09 in the previous period, indicating a turnaround in this area[23] - The company reported a total comprehensive income of ¥1,042,766,863.77 for the current period, compared to ¥150,030,230.01 in the previous period, marking a significant rise of about 694%[23]