THEC(BJ:833509)2025-04-22 14:05Financial Performance - Net profit attributable to shareholders rose by 125.39% to CNY 9,924,975.53 for the first quarter of 2025[11]. - Operating revenue for the first quarter reached CNY 39,091,587.32, reflecting a growth of 23.84% year-on-year[11]. - Operating profit for Q1 2025 was ¥11,330,256.60, compared to ¥4,641,226.33 in Q1 2024, reflecting a significant growth[48]. - Net profit for Q1 2025 was ¥9,820,125.65, up 128% from ¥4,322,354.37 in Q1 2024[48]. - The company reported a total profit of ¥11,128,494.93 for Q1 2025, compared to ¥4,648,726.40 in Q1 2024, indicating strong financial performance[48]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.06, doubling from ¥0.03 in Q1 2024[49]. - Total operating revenue for Q1 2025 reached ¥39,091,587.32, a 24% increase from ¥31,566,514.13 in Q1 2024[47]. Cash Flow - Net cash flow from operating activities surged by 182.24% to CNY 8,944,228.00[11]. - Operating cash inflow for Q1 2025 reached ¥51,841,658.11, a 29.5% increase from ¥39,968,850.34 in Q1 2024[51]. - Net cash flow from operating activities for Q1 2025 was ¥10,292,879.40, up from ¥3,581,722.82 in Q1 2024[54]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥45,043,496.70, down from ¥55,163,464.92 at the end of Q1 2024[52]. - Cash flow from investment activities resulted in a net outflow of ¥22,604,775.63 in Q1 2025, contrasting with a net inflow of ¥4,749,569.33 in Q1 2024[52]. Assets and Liabilities - Total assets increased by 2.39% to CNY 401,219,717.19 compared to the end of last year[11]. - The company's total liabilities to assets ratio decreased to 12.24% from 12.65% year-on-year[11]. - Total liabilities decreased slightly to ¥49,113,032.79 from ¥49,569,408.48, a reduction of about 0.9%[43]. - Current liabilities totaled ¥47,128,875.61, showing a marginal decrease from ¥47,372,287.15, indicating a 0.5% decline[42]. - Non-current liabilities decreased to ¥1,984,157.18 from ¥2,197,121.33, reflecting a decrease of approximately 9.7%[42]. - Shareholders' equity increased to ¥352,106,684.40 from ¥342,286,558.75, marking a growth of about 2.4%[43]. Investments and Income - Investment income increased by 271.33% to CNY 1,005,767.83, attributed to higher returns from matured financial products[12]. - Other income for Q1 2025 amounted to ¥1,862,842.38, compared to ¥1,470,539.98 in Q1 2024, showing growth in ancillary revenue streams[47]. - Cash inflow from investment activities for Q1 2025 was ¥51,542,936.95, significantly higher than ¥5,270,856.84 in Q1 2024[54]. Shareholder Information - The top ten shareholders hold a total of 108,337,185 shares, representing 66.95% of the company's total shares[19]. - Zhao Haohua is the largest shareholder with 20,186,100 shares, accounting for 12.47% of the total shares[19]. - There are no pledged or judicially frozen shares among the top ten shareholders[21]. Corporate Governance and Compliance - The company has no external guarantees or loans during the reporting period[23]. - The company has fulfilled its obligations regarding previously disclosed commitments[23]. - There are no significant related party transactions or resource transfers during the reporting period[23]. - The company has no ongoing investigations or penalties against it[23]. - The company’s independent directors and legal advisors have provided favorable opinions on the stock incentive plan and related transactions[33]. Equity Incentive Plan - The company has completed the first grant registration of restricted stock under the 2022 equity incentive plan on November 11, 2022[31]. - The 2022 equity incentive plan was approved by the board on September 22, 2022, and included the nomination of core employees[27]. - The company has completed the registration of the remaining equity grants under the 2022 stock incentive plan on October 12, 2023[33]. - The company’s board of directors approved the adjustment of the repurchase price for the stock incentive plan on April 8, 2024[35]. - The company has not received any objections from employees regarding the proposed list of core employees for the stock incentive plan[32]. Legal Matters - The company is involved in a patent infringement lawsuit with a claim amount of 3,000,000 yuan, which is 0.85% of the company's net assets[25].