Financial Performance - The company's revenue for Q1 2025 was ¥106,099,811.04, a decrease of 14.28% compared to ¥123,774,661.84 in the same period last year[5]. - Net profit attributable to shareholders was ¥13,960,234.01, down 50.86% from ¥28,408,457.95 year-on-year[5]. - Basic and diluted earnings per share both decreased by 50.00% to ¥0.11 from ¥0.22[5]. - Total operating revenue for the current period is CNY 106,099,811.04, a decrease of 14.3% from CNY 123,774,661.84 in the previous period[21]. - Net profit for the current period is 13,960,234.01, a decrease of 50.9% compared to 28,408,457.95 in the previous period[22]. - Operating profit decreased to 15,824,982.64, down 51.5% from 32,609,602.60 in the previous period[22]. - Total comprehensive income for the current period is 13,676,669.25, down 51.6% from 28,255,912.55 in the previous period[22]. Cash Flow and Assets - The net cash flow from operating activities was negative at ¥-28,868,188.86, a decline of 134.22% compared to ¥84,357,593.42 in the previous year[5]. - Cash and cash equivalents decreased to CNY 320,747,034.53 from CNY 448,667,849.62, a decline of 28.6%[18]. - Cash flow from operating activities shows a net outflow of -28,868,188.86, compared to a net inflow of 84,357,593.42 in the previous period[23]. - Cash and cash equivalents at the end of the period decreased to 280,301,835.77 from 713,112,151.25, a decline of 60.7%[24]. - Cash flow from investing activities shows a net outflow of -99,356,352.91, compared to a net inflow of 310,811,588.83 in the previous period[24]. - The company received cash from other investment activities amounting to 958,869,600.00, an increase from 773,656,000.00 in the previous period[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,508,754,959.28, a decrease of 1.04% from ¥2,535,070,890.95 at the end of the previous year[5]. - Total liabilities decreased to CNY 175,381,257.28 from CNY 211,210,449.34, a decline of 17.0%[19]. - Non-current assets increased to CNY 719,967,811.07 from CNY 638,864,150.29, an increase of 12.7%[19]. - Inventory decreased to CNY 241,469,174.09 from CNY 261,040,557.51, a decline of 7.5%[18]. - The company reported a significant increase in contract assets, totaling CNY 85,607,766.34, compared to CNY 88,911,800.11 in the previous period[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,435[12]. - The largest shareholder, Li Haisheng, holds 37.51% of the shares, totaling 49,510,175 shares[12]. - The second-largest shareholder, Qianhai Equity Investment Fund, holds 5.40% with 7,131,856 shares[12]. - The total number of shares with restricted sales at the beginning of the period was 56,453,975, with 1,342,704 shares released from restrictions during the period, representing 1.02% of the total share capital[16]. - The company has a total of 4,321,351 shares held by Shenzhen Bolisi Technology Partnership, which are also subject to restrictions until January 24, 2027[15]. - The company plans to release 1,279,745 shares from restrictions on January 24, 2025[15]. - The total number of shares held by the top ten shareholders is significant, with the top three holding over 50% of the total shares[12]. Expenses and Income - Sales expenses increased by 48.37% to ¥2,303,790.37, driven by higher market expansion costs and an increase in sales personnel[10]. - The company recognized non-operating income of ¥5,034,605.99, primarily from fair value changes of financial assets and liabilities[7]. - The company incurred asset impairment losses of -3,627,515.47, compared to -2,268,055.41 in the previous period[22]. - The company reported a decrease in sales cash receipts to 69,149,875.37, down 50.2% from 138,932,977.38 in the previous period[23]. Return on Equity - The weighted average return on equity decreased to 0.60% from 1.22% year-on-year[5].
博盈特焊(301468) - 2025 Q1 - 季度财报