Financial Performance - The company's operating revenue for Q1 2025 was ¥75,075,540.76, a decrease of 17.69% compared to ¥91,207,976.71 in the same period last year[4] - Net profit attributable to shareholders was ¥5,215,265.96, down 72.84% from ¥19,202,737.00 year-on-year[4] - The net cash flow from operating activities decreased by 59.95%, amounting to ¥12,007,637.53 compared to ¥29,978,543.47 in the previous year[4] - Total operating revenue decreased to ¥75,075,540.76 from ¥91,207,976.71, representing a decline of approximately 17.6% year-over-year[18] - Net profit for the period was ¥5,050,349.88, down from ¥19,202,737.00, reflecting a decrease of approximately 73.7% year-over-year[19] - Operating profit fell to ¥5,838,250.61 from ¥24,206,715.69, a decline of about 75.9% year-over-year[19] - The basic and diluted earnings per share decreased to ¥0.0714 from ¥0.2619, a decline of about 72.7% year-over-year[19] Assets and Liabilities - The company's total assets increased by 1.52% to ¥1,716,780,340.06 from ¥1,691,031,233.90 at the end of the previous year[4] - Total assets reached ¥1,716,780,340.06, up from ¥1,691,031,233.85, indicating a growth of about 1.5%[17] - Total liabilities increased to ¥97,838,361.75 from ¥71,453,774.84, which is an increase of approximately 37.0%[17] - The company's total equity decreased slightly to ¥1,618,941,978.31 from ¥1,619,577,459.01, a decline of about 0.04%[17] Cash Flow - The company's cash and cash equivalents increased to ¥101,088,571.91 from ¥69,928,053.51, representing a growth of approximately 44.5%[15] - Cash flow from operating activities generated ¥12,007,637.53, down from ¥29,978,543.47, a decrease of approximately 59.9% year-over-year[22] - Cash flow from investing activities showed a net inflow of ¥24,839,802.87, compared to a net outflow of ¥43,442,816.43 in the previous period[22] - The company reported a net increase in cash and cash equivalents of ¥31,160,518.40, contrasting with a decrease of ¥13,464,272.96 in the prior year[23] Investments and Expenses - Research and development expenses increased by 42.66% to ¥5,734,884.27, reflecting the company's commitment to enhancing R&D investment[9] - Research and development expenses rose to ¥5,734,884.27 from ¥4,019,871.96, an increase of approximately 42.7% year-over-year[18] - The company experienced a 70.81% increase in investment income, reaching ¥3,905,075.86, due to a growth in financial management scale compared to the previous year[9] - The company has ongoing investments in new technologies and product development, as indicated by the increase in intangible assets to ¥37,572,729.51 from ¥37,733,112.12[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,131[11] - The company has a share repurchase account holding 327,400 shares, representing 0.45% of total shares, which is part of its strategy to enhance shareholder value[13] Inventory and Receivables - Accounts receivable rose to ¥69,267,519.98 from ¥50,047,439.93, marking an increase of about 38.4%[15] - Inventory increased to ¥91,358,020.52 from ¥68,938,350.24, reflecting a growth of approximately 32.5%[15] Other Financial Metrics - The weighted average return on equity decreased to 0.32% from 1.19% year-on-year[4] - The company reported a significant increase in prepayments, which rose by 463.07% to ¥7,432,159.25, attributed to advance payments for project construction and equipment[9] - The company is focusing on market expansion strategies, as evidenced by the increase in construction in progress to ¥41,851,860.55 from ¥10,145,803.57[16] - Total operating costs increased to ¥74,997,728.89 from ¥71,842,415.71, marking an increase of about 4.9% year-over-year[18] - The company reported a significant increase in short-term borrowings, with accounts payable rising to ¥68,138,315.96 from ¥42,569,335.44, an increase of approximately 60.5%[16]
协昌科技(301418) - 2025 Q1 - 季度财报