HAXC (SZ:300928)2025-04-24 10:40Financial Performance - The company's revenue for Q1 2025 was ¥192,123,563.58, representing a 3.71% increase compared to ¥185,246,457.61 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥22,143,207.54, a decline of 128.04% from a loss of ¥9,710,142.94 in the previous year[5] - Net profit for the current period was a loss of ¥21,053,940.70, compared to a loss of ¥9,565,406.21 in the previous period[22] - The company's total assets decreased to ¥1,298,453,391.38 from ¥1,343,567,034.53, reflecting a decline of approximately 3.3%[20] - Total equity attributable to shareholders of the parent company was ¥1,132,032,647.20, down from ¥1,152,768,830.12, a decrease of approximately 1.8%[20] Cash Flow - The net cash flow from operating activities was a negative ¥23,770,038.64, a significant decrease of 181.82% compared to ¥29,052,761.58 in Q1 2024[5] - Cash inflow from operating activities totaled ¥275,999,172.46, an increase from ¥226,411,445.95 in the previous period[23] - The company reported a decrease in cash flow from operating activities, indicating potential challenges in maintaining operational liquidity[23] - The ending balance of cash and cash equivalents was ¥135,666,224.11, down from ¥334,451,387.05 in the previous period[24] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥1,298,453,391.38, down 3.36% from ¥1,343,567,034.53 at the end of the previous year[5] - Total liabilities decreased to ¥149,895,784.71 from ¥175,852,511.78, a reduction of about 14.8%[20] - The company's long-term equity investments decreased by 33.87% to ¥10,006,399.12, attributed to increased losses from joint ventures[9] - The company's long-term equity investments decreased to ¥10,006,399.12 from ¥15,131,847.55, a decrease of approximately 33.9%[18] Inventory and Expenses - The company's inventory increased by 35.04% to ¥107,102,969.16, primarily due to the growth in smart cockpit terminal business[9] - Management expenses rose by 50.04% to ¥15,028,281.63, mainly due to increased operational costs at the Nantong smart manufacturing base[10] - Research and development expenses increased to ¥16,553,258.38, compared to ¥14,824,494.83 in the previous period, reflecting a growth of 11.7%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,854[12] - The top shareholder, He Xinyi, holds 22.00% of shares, totaling 17,597,754 shares[12] - The total number of restricted shares held by He Xinyi is 13,198,315, with no shares released during the period[15] - The total number of restricted shares for all executives decreased to 26,388,922 from 26,986,897, reflecting a release of 597,975 shares[15] Government Support and Other Income - The company received government subsidies amounting to ¥1,239,344.30, a 267.97% increase from ¥336,809.69 in the previous year[10] - Other comprehensive income after tax for the current period was ¥1,407,024.62, compared to a loss of ¥1,640,890.79 in the previous period[22] Future Considerations - The company has not yet audited the first quarter report, which may affect the reliability of the financial data presented[25] - The company is set to implement new accounting standards starting in 2025, which may impact future financial reporting[25]