Financial Performance - Net profit attributable to shareholders for Q1 2025 was CNY 12,089,344.60, representing a 4.26% increase compared to the same period last year[10]. - Operating revenue for Q1 2025 decreased by 5.63% to CNY 90,972,487.72 compared to CNY 96,399,161.33 in Q1 2024[10]. - The company reported a gross profit margin of approximately 13.5% for Q1 2025, compared to 11.5% in Q1 2024[36]. - Net profit for Q1 2025 reached CNY 12,295,596.43, an increase of 5.2% compared to CNY 11,683,136.84 in Q1 2024[36]. - Operating profit for Q1 2025 was CNY 15,638,752.37, an increase of 5.4% from CNY 14,828,570.84 in Q1 2024[38]. - Total operating costs for Q1 2025 were CNY 78,085,165.26, down 6.5% from CNY 83,538,177.86 in Q1 2024[36]. - Total comprehensive income for Q1 2025 was CNY 13,056,044.23, compared to CNY 12,995,132.63 in Q1 2024, showing a slight increase[39]. Cash Flow - The net cash flow from operating activities surged by 331.39% to CNY 17,516,973.21, up from CNY 4,060,606.73 in the previous year[10]. - Cash flow from operating activities for Q1 2025 was CNY 17,516,973.21, significantly higher than CNY 4,060,606.73 in Q1 2024[40]. - Investment activities generated a net cash flow of CNY 8,463,207.79 in Q1 2025, compared to a negative cash flow of CNY -806,930.32 in Q1 2024[40]. - Cash inflow from investment activities totaled ¥45,373,787.19 in Q1 2025, compared to only ¥1,254,025.38 in Q1 2024, marking a substantial increase[42]. - Net cash flow from investment activities improved to ¥8,548,442.79 in Q1 2025, a recovery from a negative cash flow of ¥1,342,751.52 in Q1 2024[42]. Assets and Liabilities - Total assets as of March 31, 2025, amounted to CNY 769,502,742.58, reflecting a 0.40% increase from the end of 2024[10]. - The company's total liabilities to assets ratio decreased to 19.34% from 20.65% year-over-year[10]. - Total liabilities decreased to CNY 148.83 million from CNY 158.31 million, a reduction of 5.93%[33]. - Shareholders' equity increased to CNY 620.68 million from CNY 608.16 million, reflecting a growth of 2.49%[33]. - Current assets totaled CNY 451.34 million as of March 31, 2025, compared to CNY 444.44 million on December 31, 2024, reflecting a slight increase of 1.01%[31]. - Total non-current assets amounted to CNY 318.16 million, down from CNY 322.03 million, a decrease of 1.09%[32]. Shareholder Information - The company reported a total of 91,680,000 shares, with 52.69% being unrestricted shares and 47.31% being restricted shares[17]. - The largest shareholder, Wu Jieshu, holds 47.79% of the shares, while the second-largest shareholder, Bengbu Finis Filter Technology Co., Ltd., holds 11.78%[19]. - There were no significant changes in the shareholding structure during the reporting period, with no new shareholders exceeding 5% ownership[19]. - The total number of shareholders holding common stock is 6,657[17]. Expenses and Investments - Research and development expenses for Q1 2025 were CNY 3,612,698.36, up from CNY 3,261,420.96 in Q1 2024, indicating a 10.7% increase[36]. - Financial expenses decreased by 1,312.83% to CNY -2,358,274.89, mainly due to increased exchange gains[12]. - The company received government subsidies amounting to CNY 1,197,148.61, marking a 48.89% increase from the previous year[12]. - Cash outflow for purchasing goods and services in Q1 2025 was ¥58,735,719.99, down from ¥71,736,781.69 in Q1 2024, indicating a decrease of about 18.1%[42]. - Employee compensation payments increased to ¥19,933,610.84 in Q1 2025, compared to ¥13,643,665.51 in Q1 2024, representing a rise of approximately 46.1%[42]. Legal and Compliance - The company is currently involved in ongoing litigation with a total amount of CNY 115,101, where it acts as the plaintiff[25]. - The company has no new commitments or overdue commitments during the reporting period, and all commitments are being fulfilled normally[26]. - The company has not undergone any accounting policy changes or corrections during the reporting period[15]. - The company has not conducted any share buybacks or employee incentive plans during the reporting period[24].
安徽凤凰(832000) - 2025 Q1 - 季度财报