SNS(300470)2025-04-24 10:05Financial Performance - The company's revenue for Q1 2025 was CNY 410,489,226.79, representing a 21.99% increase compared to CNY 336,484,525.26 in the same period last year[4] - Net profit attributable to shareholders was CNY 94,354,626.21, up 13.84% from CNY 82,885,498.36 year-over-year[4] - Basic earnings per share increased to CNY 0.4640, reflecting a growth of 14.97% from CNY 0.4036 in the prior year[4] - Total operating revenue increased to ¥410,489,226.79, up from ¥336,484,525.26, representing a growth of approximately 22%[27] - Net profit for the period reached ¥94,544,271.45, an increase from ¥83,010,433.58, marking a growth of around 14%[28] - The net profit attributable to the parent company was 94,354,626.21, an increase from 82,885,498.36 in the previous period, reflecting a growth of approximately 13.5%[29] - The total comprehensive income amounted to 96,817,242.64, compared to 83,006,807.46 in the prior period, indicating an increase of about 16.5%[29] - Basic earnings per share rose to 0.4640 from 0.4036, representing an increase of approximately 15.0%[29] Cash Flow - The net cash flow from operating activities was negative CNY 4,737,499.33, a decline of 203.66% compared to a positive CNY 4,570,085.34 in the previous year[4] - Cash inflow from operating activities totaled 239,641,694.14, up from 213,727,927.76, marking an increase of about 12.1%[31] - The net cash flow from investing activities was -145,476,629.78, worsening from -42,979,341.86 in the previous period[32] - The net cash flow from financing activities was -8,528,724.10, compared to -15,091,472.21 in the prior period, indicating an improvement[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,286,140,708.65, a 1.84% increase from CNY 3,226,905,659.77 at the end of the previous year[4] - Total liabilities decreased to ¥502,809,543.28 from ¥539,061,304.27, a reduction of approximately 6.7%[25] - Cash and cash equivalents decreased by 46.64% to CNY 210,418,635.86, mainly due to payments related to the acquisition of Krüger & Sohn GmbH and fixed asset construction[12] - Cash and cash equivalents in current assets totaled ¥292,159,990.49, up from ¥202,588,167.66, reflecting an increase of about 44%[24] Operating Costs - The company reported a significant increase in operating costs, which rose by 30.33% to CNY 228,122,133.37, primarily due to the inclusion of Krüger & Sohn GmbH's operational costs[10] - Total operating costs rose to ¥309,085,317.87, compared to ¥245,697,014.73, reflecting an increase of about 26%[28] Shareholder Information - The company has a total of 10,652,052 shares under lock-up due to the 2024 restricted stock incentive plan, which includes 4,603,000 newly added restricted shares[17] - The top 10 unrestricted shareholders hold a total of 100,000,000 shares, with the largest shareholder holding 45,970,265 shares[15] - The company has a significant presence of institutional investors, with Hong Kong Central Clearing holding 18,833,183 shares, representing 9.05% of total shares[15] - The company’s management has a total of 6,049,052 shares under lock-up, with specific executives having 25% of their shares eligible for release annually[17] - The company’s restricted stock incentive plan includes 227 individuals, with conditions for gradual unlocking of shares[17] Investment Activities - Cash flow from investment activities showed a net outflow of CNY 145,476,629.78, a 238.48% increase in outflow compared to CNY -42,979,341.86 in the previous year[11] - The company utilized 9,350,000 euros to acquire 100% equity of Krüger & Sohn GmbH and part of the assets of Alfred Krüger e.K. through its subsidiary ZM Investment GmbH[21] - The company plans to implement a 2024 restricted stock incentive plan, which was approved by the board and shareholders in late 2024[20] Financial Management - The company approved the use of up to RMB 900 million of idle funds for cash management, with a validity period of 12 months[18] - As of the reporting period, the company utilized RMB 565 million for cash management, with an unexpired amount of RMB 513.126 million, remaining within the approved limit[18] - The company’s cash management products are subject to a maximum investment period of 12 months[18] - The company’s investment strategy includes purchasing financial products to ensure liquidity without affecting normal operations[18] - The company has a low-risk profile for its financial products, with various structured deposits offering returns between 1.05% and 3.6%[19] - The company is focusing on low-risk financial products, with several offerings categorized as low-risk and medium-low risk[19] Market Strategy - The company is expanding its market presence through strategic acquisitions and investments in overseas subsidiaries[21] - The company is actively engaging in new product development and market expansion strategies to enhance its competitive position[20] Audit Information - The company did not undergo an audit for the first quarter report[34]