Financial Performance - The company's revenue for Q1 2025 was ¥99,233,623.96, representing a 20.87% increase compared to ¥82,097,211.14 in the same period last year[5] - Net profit attributable to shareholders decreased by 39.55% to ¥6,511,990.73 from ¥10,772,523.13 year-on-year[5] - Basic and diluted earnings per share fell by 33.33% to ¥0.06 from ¥0.09 in the previous year[5] - The net profit attributable to shareholders for Q1 2025 was 6.51 million RMB, a year-on-year decrease of 39.55%, primarily due to increased personnel costs, equity incentive expenses, and depreciation[15] - Excluding the impact of stock payment expenses, the adjusted net profit for Q1 2025 was 8.39 million RMB, reflecting a year-on-year decline of 22.08%[15] - The company's net profit for the current period is CNY 6,511,990.73, a decrease of 38.8% compared to CNY 10,638,892.17 in the previous period[21] - The company reported a total comprehensive income of CNY 7,074,226.87, down 30.8% from CNY 10,212,428.36 in the previous period[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥29,206,203.00, a decline of 1854.31% compared to ¥1,664,827.47 in Q1 2024[9] - The cash flow from operating activities showed a positive trend, indicating improved liquidity management[20] - Cash and cash equivalents decreased to ¥183,716,005.57 from ¥238,746,572.98, a decline of 23.1%[17] - Cash and cash equivalents at the end of the period decreased to CNY 183,716,005.57 from CNY 688,561,372.91, a decline of 73.3%[24] - The company incurred a net cash outflow from investing activities of CNY -37,579,248.86, compared to CNY -69,890,322.65 in the previous period[23] Operating Costs and Expenses - The operating costs for Q1 2025 were ¥69,059,318.45, a 30.60% increase from ¥52,878,102.84 in the same period last year[8] - Total operating costs amounted to ¥92,808,454.02, up 34.6% from ¥68,957,053.33 in the prior period[20] - The company’s operating expenses increased to CNY 142,520,140.65, up from CNY 98,904,617.04 in the previous period[23] - The company’s income tax expense rose to CNY 2,526,224.13, compared to CNY 1,533,304.00 in the previous period[21] Assets and Liabilities - Total assets increased slightly by 0.28% to ¥1,390,542,503.71 from ¥1,386,698,125.64 at the end of the previous year[5] - The total liabilities decreased to ¥202,147,133.55 from ¥206,588,149.64, a reduction of 2.1%[18] - Inventory increased to ¥210,644,074.25, up 13.9% from ¥185,013,885.52[17] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 19,786[11] - The largest shareholder, Zhu Min, holds 37.78% of the shares, totaling 43,713,200 shares[11] - The second-largest shareholder, Wu Yutang, owns 18.73% of the shares, amounting to 21,670,350 shares[11] - The top ten shareholders collectively hold significant stakes, with the first three shareholders accounting for over 59% of the total shares[11] - The company has not reported any changes in the number of restricted shares during the period[14] Government Subsidies and Investment Income - The company received government subsidies amounting to ¥2,486,303.19, which is a 311.75% increase compared to ¥603,834.70 in Q1 2024[8] - Investment income surged by 701.87% to ¥1,383,469.51 from ¥172,529.74 year-on-year[8] - The company reported an investment income of ¥1,383,469.51, significantly higher than ¥172,529.74 from the previous period[20] - The company received CNY 386,034,533.15 from investment recoveries, significantly higher than CNY 10,000,000.00 in the previous period[23] Future Plans - The company plans to use 130 million RMB of raised funds to permanently supplement working capital, pending shareholder approval[15] Research and Development - Research and development expenses were reported at ¥5,307,560.75, slightly up from ¥5,270,526.14 in the previous period[20] Stock Incentive Plan - The company has implemented a restricted stock incentive plan for 2024, with stock payment expenses of 1.88 million RMB recognized in Q1 2025[15]
波长光电(301421) - 2025 Q1 - 季度财报