禾盛新材(002290) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 reached ¥627,200,299.04, representing a 14.21% increase compared to ¥549,153,468.67 in the same period last year[5] - Net profit attributable to shareholders was ¥50,951,307.95, an increase of 82.72% from ¥27,884,495.29 year-on-year[5] - The net cash flow from operating activities improved significantly to ¥59,917,843.75, a 448.44% increase from a negative cash flow of -¥17,196,219.89 in the previous year[5] - Basic earnings per share rose to ¥0.21, reflecting a 90.91% increase compared to ¥0.11 in the same period last year[5] - The company reported a significant increase in operating profit, which reached ¥59,343,636.05, a 76.13% rise from ¥33,692,583.42 in the previous year[8] - The total profit for the period was ¥59,378,989.61, marking a 78.33% increase compared to ¥33,296,334.67 in the same period last year[8] - Net profit for the current period was ¥50,244,121.92, representing a significant increase from ¥27,884,495.29 in the previous period, marking an 80.0% growth[19] Cash Flow and Liquidity - The net increase in cash and cash equivalents was ¥72,802,368.73, a 578.23% improvement from a decrease of -¥15,223,239.02 in the previous year[8] - Cash and cash equivalents increased to RMB 423,990,368.24 from RMB 349,890,417.41, representing a growth of about 21.1%[14] - The company's net cash flow from operating activities was ¥59,917,843.75, a turnaround from a negative cash flow of -¥17,196,219.89 in the prior period[20] - Cash and cash equivalents at the end of the period totaled ¥349,659,003.84, up from ¥247,753,447.02 in the previous period, showing improved liquidity[21] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥1,888,999,378.42, up 5.70% from ¥1,787,165,672.36 at the end of the previous year[5] - The company reported a total current assets of RMB 1,547,448,222.73 as of March 31, 2025, an increase from RMB 1,442,333,622.41 at the beginning of the period, reflecting a growth of approximately 7.3%[14] - Total liabilities amounted to RMB 1,029,784,172.32, up from RMB 978,194,588.18, indicating an increase of approximately 5.5%[15] - The company’s total assets reached RMB 1,888,999,378.42, an increase from RMB 1,787,165,672.36, indicating a growth of approximately 5.7%[15] Borrowings and Equity - Short-term borrowings increased significantly by 349.85% to ¥45,028,941.67 from ¥10,009,777.78 at the end of the previous year[8] - The company’s short-term borrowings rose significantly to RMB 45,028,941.67 from RMB 10,009,777.78, marking an increase of about 350%[15] - The company’s long-term borrowings decreased to RMB 80,000,000.00 from RMB 100,000,000.00, a reduction of 20%[15] - The company’s total equity remained stable at RMB 1,403,215,206.10, unchanged from the previous period[15] Research and Development - Research and development expenses increased by 38.28% to ¥23,895,778.22 from ¥17,280,428.70 year-on-year[8] - Research and development expenses increased to ¥23,895,778.22, up 38.3% from ¥17,280,428.70 in the previous period, indicating a focus on innovation[18] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Accounting Standards - The first quarter report is unaudited[22] - The new accounting standards will be implemented starting in 2025[23]