东方电热(300217) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥683,874,954.38, a decrease of 21.90% compared to ¥875,590,999.27 in the same period last year[5] - Net profit attributable to shareholders was ¥44,880,028.63, down 47.66% from ¥85,747,703.39 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥34,084,691.25, reflecting a decline of 58.55% compared to ¥82,222,023.07 in the previous year[5] - Basic and diluted earnings per share decreased by 48.28% to ¥0.030 from ¥0.058 year-on-year[5] - The company reported a decrease in research and development expenses to CNY 31,834,781.62, down 25.5% from CNY 42,616,182.31[18] - The company’s total comprehensive income for the current period was CNY 49,467,674.81, down 42.3% from CNY 85,781,152.39 in the previous period[19] Cash Flow and Assets - The net cash flow from operating activities was -¥72,699,172.08, worsening by 58.20% from -¥45,953,545.51 in the same period last year[5] - The company’s cash and cash equivalents at the end of the period were CNY 475,249,010.37, down from CNY 1,193,241,661.88 at the end of the previous period[22] - Total assets at the end of the reporting period were ¥6,698,278,674.02, a slight increase of 0.12% from ¥6,689,931,377.01 at the end of the previous year[5] - Current assets totaled CNY 5.13 billion, compared to CNY 5.10 billion at the start of the period[15] - The company reported a significant increase in accounts receivable, which reached CNY 994.59 million, compared to CNY 1.17 billion previously, indicating potential cash flow challenges[15] Operating Costs and Revenue - Total operating revenue for the current period was CNY 683,874,954.38, a decrease of 22% compared to CNY 875,590,999.27 in the previous period[18] - Total operating costs decreased to CNY 614,851,522.88, down 19.5% from CNY 763,369,263.40 in the previous period[18] - The decline in profits was primarily due to the long production and delivery cycles for new energy equipment and other orders, with revenue and profit recognition expected to improve in the second half of the year[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,970, with the top ten shareholders holding significant stakes[11] - Shareholders' equity attributable to the parent company increased by 1.09% to ¥4,164,388,207.26 from ¥4,119,484,917.28 at the end of the previous year[5] Future Plans and Strategies - The company plans to strengthen its home appliance components business and actively expand its new energy vehicle components business throughout 2025[14] - The company aims to leverage customer advantages and production management experience to explore new products and profit growth points[14] Government Support - The company received government subsidies amounting to ¥4,829,072.74, primarily related to local manufacturing and technology programs[6] Report Details - The first quarter report is unaudited[24] - The report was presented by the board of directors of Zhenjiang Oriental Electric Heating Technology Co., Ltd.[24] - The legal representative of the company is Tan Wei[24] - The report date is April 24, 2025[24]