燕麦科技(688312) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 95,122,528.50, representing a 33.03% increase compared to CNY 71,503,948.64 in the same period last year[3]. - Net profit attributable to shareholders decreased by 69.72% to CNY 2,517,328.72 from CNY 8,313,771.84 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY -16,947.18, a decline of 100.31% compared to CNY 5,444,053.50 in the previous year[3]. - The basic earnings per share decreased by 66.67% to CNY 0.02 from CNY 0.06 in the previous year[3]. - The weighted average return on equity fell to 0.18% from 0.62% year-on-year, reflecting the impact of increased expenses and lower profitability[3]. - Net profit for Q1 2025 was ¥774,946.26, a decrease of 89.7% from ¥7,504,452.78 in Q1 2024[19]. - The total comprehensive income for Q1 2025 was ¥675,513.25, a decrease from ¥7,223,427.86 in Q1 2024[19]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 21,536,568.18, down 48.46% from CNY 41,783,354.35 in the same period last year[3]. - Cash flow from operating activities generated ¥21,536,568.18 in Q1 2025, down from ¥41,783,354.35 in Q1 2024[24]. - The net increase in cash and cash equivalents for the period was -47,471,908.73, compared to -46,408,468.92 in the previous period[25]. - The beginning balance of cash and cash equivalents was 105,671,162.08, down from 144,998,582.63 in the previous period[25]. - The ending balance of cash and cash equivalents was 58,199,253.35, a decrease from 98,590,113.71 in the previous period[25]. Research and Development - Research and development expenses totaled CNY 30,380,442.15, an increase of 18.69% from CNY 25,595,586.77 year-on-year, accounting for 31.94% of operating revenue[3]. - Research and development expenses rose to ¥30,380,442.15 in Q1 2025, compared to ¥25,595,586.77 in Q1 2024, marking an increase of 18.5%[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,713,479,980.72, a slight increase of 0.66% from CNY 1,702,234,677.71 at the end of the previous year[4]. - As of March 31, 2025, the total assets of Shenzhen Oat Technology Co., Ltd. amounted to CNY 1,713,479,980.72, an increase from CNY 1,702,234,677.71 as of December 31, 2024[13][15]. - The company's current assets totaled CNY 1,240,602,016.00, slightly up from CNY 1,225,477,973.69 in the previous period[13]. - Total liabilities rose to CNY 286,434,128.53 from CNY 281,423,253.72, indicating a growth of about 1.4%[15]. - The equity attributable to shareholders increased to CNY 1,432,855,075.70 from CNY 1,424,886,133.20, a growth of approximately 0.6%[15]. Operational Changes - The company experienced a significant increase in operational expenses due to investments in technology development and market expansion, impacting profitability[7]. - The company is in the process of integrating resources and optimizing operations following the acquisition of Singapore's AxisTec, which has contributed to operational losses in Q1[7]. Inventory and Receivables - The company reported a total inventory of CNY 192,826,305.47, up from CNY 152,121,358.08, reflecting a growth of about 26.7%[13]. - The accounts receivable decreased to CNY 162,432,597.18 from CNY 204,184,078.43, a decline of approximately 20.4%[13]. Borrowings and Financial Expenses - The company's short-term borrowings increased significantly to CNY 138,944,000.00 from CNY 69,000,000.00, marking a 100.4% rise[14][15]. - The company’s financial expenses showed a significant improvement, with a net financial income of -¥2,217,336.72 in Q1 2025 compared to -¥5,329,064.59 in Q1 2024[18].