GREAT MICROWAVE(SH:688270)2025-04-22 11:55Financial Performance - The company's operating revenue for Q1 2025 was ¥72,626,718.12, representing a year-on-year increase of 34.83% compared to ¥53,865,591.29 in the same period last year[3]. - The net profit attributable to shareholders was ¥22,466,960.22, a significant increase of 495.74% from a loss of ¥5,677,219.22 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,795,938.28, up 397.51% from a loss of ¥5,645,458.27 in the same period last year[3]. - Operating profit for Q1 2025 was ¥22,465,760.22, compared to a loss of ¥5,624,057.14 in Q1 2024[14]. - Net profit for Q1 2025 was ¥22,466,960.22, reversing a net loss of ¥5,677,219.22 in Q1 2024[14]. - Basic earnings per share increased to ¥0.10, a rise of 350.00% from -¥0.04 in the same period last year[4]. - Basic earnings per share for Q1 2025 were ¥0.10, compared to a loss of ¥0.04 per share in Q1 2024[15]. - The company reported investment income of ¥18,444,265.09 in Q1 2025, an increase of 8.81% from ¥16,948,695.64 in Q1 2024[22]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥15,253,362.60, a 65.18% increase from -¥43,809,419.63 in the previous year[3]. - In Q1 2025, the cash inflow from operating activities totaled ¥42,547,125.14, a decrease of 23.6% compared to ¥55,748,808.98 in Q1 2024[16]. - The net cash outflow from operating activities in Q1 2025 was ¥15,253,362.60, an improvement from a net outflow of ¥43,809,419.63 in Q1 2024[16]. - The total cash inflow from investment activities in Q1 2025 was ¥251,494,000.00, significantly higher than ¥170,746.32 in Q1 2024[17]. - The net cash outflow from investment activities in Q1 2025 was ¥131,729,505.52, compared to a net outflow of ¥30,923,689.28 in Q1 2024[17]. - The total cash and cash equivalents at the end of Q1 2025 stood at ¥533,062,154.47, down from ¥1,518,237,884.71 at the end of Q1 2024[17]. - Investment activities resulted in a net cash outflow of ¥110,154,501.03 in Q1 2025, compared to a net outflow of ¥29,403,096.98 in Q1 2024[25]. - The total cash and cash equivalents at the end of Q1 2025 were ¥354,705,813.57, down from ¥1,330,896,589.87 at the end of Q1 2024[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,268,961,189.67, reflecting a 1.45% increase from ¥2,236,565,115.12 at the end of the previous year[4]. - Total assets increased to ¥2,268,961,189.67 in Q1 2025 from ¥2,236,565,115.12 in Q1 2024, reflecting a growth of 1.5%[13]. - Total liabilities rose to ¥108,508,926.35 in Q1 2025, up from ¥95,131,058.78 in Q1 2024, an increase of 14.0%[12]. - Current liabilities totaled ¥106,430,563.90 in Q1 2025, compared to ¥92,944,779.86 in Q1 2024, marking a 14.5% increase[12]. - The company's total equity reached ¥2,160,452,263.32 in Q1 2025, up from ¥2,141,434,056.34 in Q1 2024, a growth of 0.9%[12]. - The total liabilities and shareholders' equity increased to ¥1,895,130,996.25 in Q1 2025 from ¥1,874,535,369.57 in Q1 2024[22]. Research and Development - Research and development expenses totaled ¥25,247,071.72, a decrease of 30.86% from ¥36,514,796.49 in the previous year[4]. - Research and development expenses decreased to ¥25,247,071.72 in Q1 2025 from ¥36,514,796.49 in Q1 2024, a reduction of 30.9%[13]. - Research and development expenses for Q1 2025 were ¥6,874,987.20, a decrease of 29.39% from ¥9,741,022.94 in Q1 2024[22]. - The proportion of R&D expenses to operating revenue was 34.76%, down 33.03 percentage points from 67.79% in the previous year[4]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,559[7]. - The largest shareholder, Yu Faxin, holds 45,042,956 shares, representing 21.04% of total shares[7]. - The second largest shareholder, Hangzhou Chenxin Investment Partnership, holds 10,069,892 shares, representing 4.70% of total shares[7]. - The top ten shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[8]. - There are no changes reported in the top ten shareholders due to securities lending activities[9].