DIBAY(SH:603320)2025-04-23 11:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 245,788,290.99, representing a 4.73% increase compared to CNY 234,677,094.05 in the same period last year[4]. - Net profit attributable to shareholders increased by 51.45% to CNY 21,662,628.12 from CNY 14,303,342.96 year-over-year[4]. - The basic earnings per share rose by 45.45% to CNY 0.16, up from CNY 0.11 in the previous year[4]. - Operating profit for Q1 2025 was CNY 25.41 million, compared to CNY 17.78 million in Q1 2024, indicating a growth of approximately 43.06%[17]. - The net profit for Q1 2025 was CNY 21,663,777.22, an increase of 51.7% compared to CNY 14,305,812.38 in Q1 2024[18]. - The company reported a total comprehensive income of CNY 21,663,777.22 for Q1 2025, compared to CNY 14,305,812.38 in Q1 2024, reflecting a growth of 51.7%[18]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,397,159,560.44, a slight increase of 0.04% from CNY 1,396,620,535.21 at the end of the previous year[5]. - Total liabilities decreased from CNY 471.38 million at the end of 2024 to CNY 255.67 million by March 31, 2025, a reduction of approximately 45.69%[14]. - The equity attributable to shareholders increased from CNY 925.86 million at the end of 2024 to CNY 1.142 billion by March 31, 2025, reflecting a growth of about 23.43%[14]. - As a result of the convertible bond redemption and conversion, the total share capital increased by CNY 15,270,233, liabilities decreased by CNY 195,393,518.65, and net assets increased by CNY 195,393,518.65 during the reporting period[11]. Cash Flow - Cash flow from operating activities decreased by 13.29% to CNY 32,209,855.42 compared to CNY 37,145,452.43 in the same period last year[4]. - Operating cash flow for Q1 2025 was CNY 32,209,855.42, a decrease of 13.4% from CNY 37,145,452.43 in Q1 2024[22]. - Total cash and cash equivalents at the end of Q1 2025 were CNY 114,604,144.98, compared to CNY 204,023,134.32 at the end of Q1 2024, indicating a decrease of 43.7%[23]. - The company’s cash flow from financing activities was negative at CNY -1,464,988.83 in Q1 2025, compared to a positive cash flow of CNY 490,773.61 in Q1 2024[23]. - Cash flow from investing activities for Q1 2025 was CNY 9,948,355.05, recovering from a negative cash flow of CNY -5,145,000.92 in Q1 2024[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,838[9]. - Shareholders' equity attributable to shareholders increased by 23.36% to CNY 1,142,120,187.09 from CNY 925,862,482.37 at the end of the previous year[5]. Expenses - Total operating costs for Q1 2025 were CNY 224.80 million, compared to CNY 219.34 million in Q1 2024, reflecting an increase of about 2.11%[17]. - The company incurred operating expenses of CNY 142,654,217.48 in Q1 2025, which is an increase from CNY 127,968,660.42 in Q1 2024[22]. - Research and development expenses for Q1 2025 amounted to CNY 11.46 million, an increase from CNY 10.35 million in Q1 2024, showing a growth of about 10.73%[17]. Non-Recurring Items - Non-recurring gains and losses amounted to CNY 1,129,298.18, with government subsidies contributing CNY 733,792.49[6]. - The company received a refund of CNY 1.1208 million for the new factory construction guarantee deposit, which reversed the previously provisioned bad debt, further enhancing profitability[11]. Convertible Bonds - The company redeemed convertible bonds in February 2025, significantly reducing interest expenses, which contributed to the increase in net profit[7]. - The company's convertible bonds were redeemed and converted in February 2025, reducing interest expenses from CNY 4.0165 million in the same period last year to CNY 676,800, thereby increasing profitability[11].