电工合金(300697) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 713,652,300.26, representing a 29.67% increase compared to CNY 550,372,650.83 in the same period last year[2]. - Net profit attributable to shareholders was CNY 43,057,240.21, up 16.49% from CNY 36,961,258.91 year-on-year[2]. - Basic earnings per share increased to CNY 0.129, reflecting a growth of 16.22% compared to CNY 0.111 in the same quarter last year[2]. - The company's comprehensive income totalled CNY 66,341,435.93, a 41.40% increase from CNY 46,917,357.36 year-on-year[7]. - Total operating revenue for the current period reached ¥713,652,300.26, a significant increase from ¥550,372,650.83 in the previous period, representing a growth of approximately 29.6%[19]. - Net profit for the current period was ¥43,515,477.65, compared to ¥37,118,100.17 in the previous period, reflecting a growth of approximately 17.5%[20]. - Basic and diluted earnings per share increased to ¥0.129 from ¥0.111, marking a rise of 16.2%[21]. Cash Flow - The net cash flow from operating activities improved significantly to CNY 37,888,983.88, a 310.50% increase from a negative CNY 17,999,635.22 in the previous year[2]. - Cash inflow from operating activities totaled ¥737,618,692.45, compared to ¥661,125,292.94 in the previous period, showing an increase of about 11.5%[23]. - The net cash flow from operating activities was $37,888,983.88, a significant improvement compared to a net outflow of $17,999,635.22 in the previous period, indicating a positive operational performance[24]. - Cash inflow from investment activities totaled $106,555,131.05, up from $23,597,016.18, reflecting a strong recovery in investment receipts[24]. - The net cash flow from investment activities was negative at -$5,090,335.95, although this was an improvement from -$799,329.01 previously, suggesting reduced cash outflows[24]. - Cash inflow from financing activities was $219,251,262.00, compared to $251,336,300.64, showing a decrease in financing receipts[24]. - The net cash flow from financing activities was $15,112,409.79, down from $79,589,128.35, indicating a reduction in financing activities[24]. - The total cash and cash equivalents at the end of the period stood at $156,083,632.69, slightly down from $156,105,249.44 in the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,873,372,859.04, a 1.88% increase from CNY 1,838,713,917.18 at the end of the previous year[2]. - The total current assets at the end of the reporting period amounted to approximately 1.59 billion yuan, an increase from 1.55 billion yuan at the beginning of the period[15]. - Total liabilities decreased to ¥681,073,356.45 from ¥712,755,850.52, a reduction of approximately 4.4%[17]. - The company's equity attributable to shareholders rose to CNY 1,189,055,240.61, marking a 5.87% increase from CNY 1,123,172,042.12[2]. - The equity attributable to the parent company increased to ¥1,189,055,240.61 from ¥1,123,172,042.12, reflecting a growth of about 5.9%[17]. Research and Development - Research and development expenses increased by 42.83% to CNY 12,106,824.31, up from CNY 8,476,137.60 in the previous year[7]. - Research and development expenses rose to ¥12,106,824.31 from ¥8,476,137.60, representing an increase of approximately 43.5%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 27,010[9]. - The largest shareholder, Chen Lijiao, holds 31.25% of shares, totaling 104 million shares[9]. - Xiamen Quanxin Enterprise Management Co., Ltd. holds 29.99% of shares, totaling approximately 99.81 million shares, all of which are restricted shares[10][11]. Subsidiary Developments - The company established a wholly-owned subsidiary in Xiamen to produce and sell high-quality copper materials, with the subsidiary already registered[12]. - The company plans to establish a subsidiary in Mexico to meet local production demands for high-quality copper materials applicable to data centers[13]. - The company is actively promoting the establishment of its subsidiary in Mexico and will comply with relevant legal requirements for information disclosure[13]. Inventory and Receivables - Accounts receivable increased to approximately 775.40 million yuan from 734.25 million yuan[15]. - Inventory decreased to approximately 374.47 million yuan from 396.41 million yuan[15]. - Fixed assets at the end of the reporting period were approximately 242.05 million yuan, slightly down from 243.35 million yuan[15]. Other Financial Metrics - The company incurred tax payments of $3,291,145.83, a decrease from $12,527,256.34, indicating a potential reduction in taxable income[24]. - The company paid $31,865,581.52 in cash to employees, an increase from $27,328,537.42, reflecting higher employee compensation[24]. - The cash outflow for investing in fixed assets was $4,935,467.00, significantly higher than $826,345.19, suggesting increased capital expenditures[24]. - The impact of exchange rate changes on cash and cash equivalents was an increase of $429,775.43, compared to $236,845.54 previously, indicating favorable currency movements[24].