Hiecise(300809)2025-04-23 11:15Financial Performance - The company's revenue for Q1 2025 was CNY 125,747,171.51, representing a 0.89% increase compared to CNY 124,639,655.04 in the same period last year[5] - Net profit attributable to shareholders decreased by 13.11% to CNY 23,579,944.81 from CNY 27,136,316.88 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 15.01% to CNY 22,047,038.29 compared to CNY 19,169,720.50 in the previous year[5] - Total operating revenue for the current period reached ¥125,747,171.51, a slight increase of 0.89% compared to ¥124,639,655.04 in the previous period[20] - Net profit for the current period was ¥23,579,944.81, a decrease of 15.92% from ¥27,864,685.63 in the previous period[21] - Earnings per share (EPS) for the current period was ¥0.09, down from ¥0.11 in the previous period[22] Cash Flow and Liquidity - Operating cash flow net amount rose significantly by 85.93% to CNY 21,710,658.77 from CNY 11,676,949.16 in the same period last year[5] - Cash flow from operating activities generated a net amount of ¥21,710,658.77, significantly higher than ¥11,676,949.16 in the previous period[23] - The company reported a significant decrease in cash and cash equivalents by 67.77% to CNY 73,218,395.16, primarily due to the purchase of trading financial assets[9] - Total cash and cash equivalents at the end of the period were $73.22 million, down from $350.08 million at the beginning of the period[24] - The net increase in cash and cash equivalents was -$153.94 million, an improvement from -$248.65 million in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,174,487,200.62, a 2.50% increase from CNY 2,121,423,535.23 at the end of the previous year[5] - The total assets of the company as of March 31, 2025, amounted to CNY 2,174,487,200.62, an increase from CNY 2,121,423,535.23 at the beginning of the period[17] - The total current assets increased to CNY 1,573,562,930.97 from CNY 1,512,278,063.41, indicating a growth of approximately 4.3%[17] - The total current liabilities rose to CNY 458,453,057.54 from CNY 434,126,547.03, representing an increase of approximately 5.6%[18] - The total liabilities of the company increased to CNY 536,923,340.49 from CNY 514,703,166.64, showing an increase of approximately 4.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,042[10] - The top three shareholders hold a combined 53.16% of the shares, with Liu Xiangxiong holding 18.16%, Cao Yuzhong 17.50%, and Zhao Zeming 17.50%[10] Research and Development - Research and development expenses increased by 67.33% to CNY 12,779,429.31, indicating a rise in investment for new product development[9] - Research and development expenses increased to ¥12,779,429.31, up 67.5% from ¥7,637,344.94 in the previous period[20] Other Financial Metrics - The weighted average return on equity decreased to 1.46% from 1.72% year-on-year[5] - Other income rose to ¥4,707,990.02, compared to ¥2,663,915.29 in the previous period, marking a growth of 76.4%[20] - The company's inventory decreased slightly to CNY 354,671,543.56 from CNY 361,252,940.39, showing a reduction of about 1.6%[17] - The company's accounts receivable increased to CNY 148,408,985.21 from CNY 122,239,177.07, marking a growth of about 21.4%[17] - The company's long-term equity investments slightly decreased to CNY 3,639,184.39 from CNY 3,750,856.18, indicating a reduction of about 3.0%[17] - The company reported a decrease in accounts payable to CNY 68,254,539.90 from CNY 78,928,037.20, which is a decline of about 13.5%[18] Accounting Standards and Audit - The company has not yet adopted the new accounting standards effective from 2025[25] - The first quarter report was not audited[25]