FHEC(SH:688362)2025-04-22 12:25Financial Performance - The company's revenue for Q1 2025 reached ¥945,483,996.77, representing a year-over-year increase of 30.12% compared to ¥726,608,017.68 in the same period last year[2] - The net profit attributable to shareholders was ¥24,602,322.92, a turnaround from a loss of ¥35,450,368.36 in the previous year, marking an improvement of ¥60,052,690.28[3] - Operating cash flow for the quarter increased by 87.64%, amounting to ¥376,809,710.80, up from ¥200,813,279.60 in the previous year[3] - The company's operating profit for Q1 2025 was ¥8,439,092.26, compared to a loss of ¥50,882,243.97 in Q1 2024, indicating a significant recovery[21] - The total profit for Q1 2025 was ¥8,539,392.35, while the total loss in Q1 2024 was ¥50,921,329.08, showcasing a turnaround in financial performance[21] - Net profit attributable to shareholders for Q1 2025 was ¥24,602,322.92, compared to a loss of ¥35,450,368.36 in Q1 2024, reflecting a strong improvement[21] - The basic and diluted earnings per share for Q1 2025 were both ¥0.06, recovering from a loss of ¥0.09 per share in Q1 2024[22] - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific profit figures were not disclosed in the provided data[20] Research and Development - Research and development (R&D) expenses totaled ¥65,975,238.93, an increase of 48.42% from ¥44,452,271.38, representing 6.98% of total revenue[3] - Research and development expenses in Q1 2025 amounted to ¥65,975,238.93, compared to ¥44,452,271.38 in Q1 2024, indicating a 48.5% increase[20] - The company plans to continue investing in R&D and market expansion strategies to drive future growth[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,938,136,999.27, reflecting a 2.07% increase from ¥13,655,476,763.66 at the end of the previous year[3] - Total current assets rose to ¥3,179,370,882.21 as of March 31, 2025, compared to ¥3,054,529,418.31 at the end of 2024, marking an increase of 4.1%[15] - Non-current assets totaled ¥10,758,766,117.06 as of March 31, 2025, up from ¥10,600,947,345.35 at the end of 2024, reflecting a 1.5% increase[16] - Total liabilities increased to ¥9,899,706,438.09 as of March 31, 2025, compared to ¥9,618,404,180.87 at the end of 2024, representing a 2.9% rise[17] - Shareholders' equity reached ¥4,038,430,561.18 as of March 31, 2025, slightly up from ¥4,037,072,582.79 at the end of 2024[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,662[10] - Zhejiang Yongshun Chip Electronics Co., Ltd. holds 74,210,000 shares, accounting for 18.17% of total shares[10] - Zhejiang Landi Group Co., Ltd. owns 31,000,000 shares, representing 7.59% of total shares[10] - The top 10 shareholders include significant stakes from various investment management firms, with the largest being 74,210,000 shares[11] - The company has a total of 3,041,003 shares repurchased, which is 0.74% of the total share capital[12] - The largest shareholder, Zhejiang Yongshun Chip Electronics, is controlled by Wang Shunbo, who is also the actual controller of several other related entities[12] Cash Flow - Cash inflow from operating activities in Q1 2025 was ¥1,192,788,084.79, up from ¥872,020,578.96 in Q1 2024, indicating a 36.7% increase[24] - Cash outflow from operating activities in Q1 2025 totaled ¥815,978,373.99, compared to ¥671,207,299.36 in Q1 2024, resulting in a net cash flow from operating activities of ¥376,809,710.80, up from ¥200,813,279.60[25] - The company invested ¥887,425,097.29 in fixed assets and other long-term assets in Q1 2025, slightly higher than ¥885,412,928.82 in Q1 2024[26] - Cash inflow from financing activities in Q1 2025 was ¥1,492,098,083.54, compared to ¥1,280,000,000.00 in Q1 2024, marking a 16.6% increase[26] - The net cash flow from financing activities in Q1 2025 was ¥457,521,038.77, down from ¥486,614,230.64 in Q1 2024[26] - The ending cash and cash equivalents balance for Q1 2025 was ¥1,166,052,870.16, compared to ¥1,119,924,625.10 at the end of Q1 2024, showing a slight increase[26] Operational Insights - The company plans to enhance its competitive edge by deepening cooperation with existing clients and expanding partnerships with leading design firms in Taiwan[4] - New product lines such as Bumping, CP, wafer-level packaging, and FC-BGA are being developed to improve process capabilities and customer service[4] - The company aims to maintain revenue growth through continuous optimization of market and product strategies[4] - The report indicates no changes in the lending/borrowing of shares among the top shareholders compared to the previous period[13] - The company has not disclosed any significant changes in operational conditions during the reporting period[13] - The financial statements are prepared as of March 31, 2025, and are unaudited[14] - The report does not indicate any participation in margin financing or securities lending by the top shareholders[13]