Nanhua(300417)2025-04-22 09:00Financial Performance - The company's revenue for Q1 2025 was ¥20,779,531.31, representing a 44.18% increase compared to ¥14,412,201.95 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥3,885,245.33, an improvement of 16.54% from a loss of ¥4,655,012.70 in the previous year[5] - The net profit for the current period was a loss of ¥4,952,104.52, compared to a loss of ¥4,655,012.70 in the previous period, indicating a deterioration in profitability[20] - The weighted average return on net assets improved to -0.85%, up from -1.03% in the previous year[5] - The company reported a basic and diluted earnings per share of -0.0289, compared to -0.0344 in the previous period, showing an improvement in loss per share[21] Cash Flow - The net cash flow from operating activities was negative at ¥6,980,132.51, a decline of 335.03% compared to a positive cash flow of ¥2,969,829.54 in the same period last year[5] - Operating cash inflow for the current period was 24,055,476.91 in the previous period[23] - Operating cash outflow for the current period was 21,085,647.37 in the previous period[24] - The net increase in cash and cash equivalents was 41,816,698.05 in the previous period[24] - The ending balance of cash and cash equivalents was 94,867,961.24 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥531,610,778.08, a decrease of 0.66% from ¥535,121,883.69 at the end of the previous year[5] - Total liabilities increased to ¥53,526,097.25 from ¥52,075,595.26, representing a growth of approximately 2.8%[18] - The total equity decreased to ¥478,084,680.83 from ¥483,046,288.43, a decline of about 1.8%[18] - The accounts receivable decreased slightly to ¥41,672,640.00 from ¥44,427,011.34, indicating a decline of approximately 6.0%[16] Expenses - The company reported a 44.22% increase in sales expenses, totaling ¥6,377,700.00, driven by the increase in revenue and the consolidation of two new subsidiaries[8] - Research and development expenses rose by 40.00% to ¥2,851,200.00, attributed to the consolidation of new subsidiaries and increased R&D activities[8] - Total operating costs increased to ¥26,979,242.32 from ¥19,675,253.97, marking a rise of about 37.0%[19] - The company reported a decrease in investment income of 37.97%, totaling ¥666,800.00, due to reduced financial product returns[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,756[10] - The top 10 shareholders hold significant stakes, with the largest being Yang Yaoguang at 12.35% (16,616,000 shares) and the second largest, Li Yuan, at 11.81% (15,887,350 shares)[10] - The company reported a total of 47,000,962 shares under lock-up agreements, with various shareholders having their shares locked for different reasons[12] - The company has not disclosed any changes in the participation of major shareholders in margin trading or securities lending activities[11] Acquisitions and Investments - The company plans to acquire a 39.4745% stake in Guangdong Jiade Power Clean Technology Co., Ltd., increasing its ownership to 54.4745% and becoming the controlling shareholder[13] - The company has established a conditional cash purchase agreement for the acquisition of assets, which is subject to regulatory approval[13] - The company has been actively disclosing progress on its major asset restructuring plans throughout early 2025[14] Other Information - The total amount of cash and cash equivalents increased to ¥115,932,733.26 from ¥93,047,449.87, reflecting a growth of approximately 24.5%[16] - The company did not undergo an audit for the first quarter report[25] - The company will implement new accounting standards starting from 2025[25]