Highlander(300065)2025-04-22 14:15Financial Performance - The company's revenue for Q1 2025 reached ¥346,447,574.15, a significant increase of 639.08% compared to ¥46,875,396.72 in the same period last year[5] - Net profit attributable to shareholders was ¥34,803,851.48, marking a remarkable growth of 1,324.75% from ¥2,442,796.09 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥27,641,266.57, compared to a loss of ¥2,437,726.87 in the previous year, reflecting a 1,233.90% increase[5] - The company's basic and diluted earnings per share were both ¥0.0483, up 1,320.59% from ¥0.0034 in the same quarter last year[5] - Net profit for the current period was ¥34,582,350.56, a substantial rise from ¥2,167,514.34 in the previous period[21] - Earnings per share (EPS) for the current period was ¥0.0483, compared to ¥0.0034 in the prior period[21] - The company reported a comprehensive income total of ¥35,952,628.46, up from ¥1,947,090.85 in the last period[21] Assets and Liabilities - Total assets decreased by 7.09% to ¥2,268,198,502.80 from ¥2,441,192,979.29 at the end of the previous year[5] - Total current assets decreased from 1,760,333,435.63 CNY to 1,569,214,157.01 CNY, a reduction of approximately 10.83%[15] - Total liabilities decreased to ¥523,957,487.60 from ¥732,904,592.55 year-over-year[20] - Total equity attributable to shareholders increased to ¥1,744,336,749.71 from ¥1,708,162,620.33[20] Cash Flow - The company reported a net cash flow from operating activities of -¥14,215,297.19, an improvement of 58.62% compared to -¥34,356,408.20 in the previous year[5] - Cash flow from operating activities showed a decrease, with cash received from sales at ¥84,311,159.73 compared to ¥96,141,874.24 previously[23] - Net cash flow from operating activities was -34.36 million year-over-year[24] - Net cash flow from financing activities was -125.98 million year-over-year[24] Inventory and Borrowings - The company’s inventory decreased by 70% to ¥98,443,422.09 due to the recognition of revenue from the Hainan project[9] - Short-term borrowings were reduced by 43% to ¥39,660,026.03 as the company repaid bank loans during the quarter[9] - Short-term borrowings decreased from 69,062,926.03 CNY to 39,660,026.03 CNY, a decline of about 42.56%[16] Government Subsidies and Other Income - The company recognized government subsidies amounting to ¥333,647.96 during the quarter, contributing to its financial performance[6] - Deferred income rose significantly to ¥88,940,686.86 from ¥46,617,025.00 in the previous period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 104,737[12] - The largest shareholder, Shenwan Qiu, holds 11.96% of shares, totaling 86,192,091 shares, with 1,500,000 shares frozen[12] Operational Highlights - The significant increase in revenue was primarily driven by the completion and acceptance of the Hainan Marine Disaster Prevention Project (EPC+O)[9] - The company is focusing on expanding its market presence and enhancing product development strategies moving forward[19] Other Financial Metrics - Total operating costs amounted to ¥313,398,784.26, compared to ¥65,318,231.64 in the prior period, with operating costs specifically at ¥274,494,077.32 versus ¥30,512,308.94[20] - Cash received from tax refunds was 1.08 million year-over-year[24] - Cash paid to employees increased to 19.18 million year-over-year[24] - Cash paid for taxes was 10.68 million in the previous period[24] - Cash inflow from investment recovery was 907.07 million year-over-year[24] Accounting Standards - The company did not execute any new accounting standards adjustments for the first quarter report[26]