Financial Performance - The company's operating revenue for Q1 2025 was ¥45,390,258.12, representing a decrease of 27.16% compared to ¥62,316,779.35 in Q1 2024[5] - Net profit attributable to shareholders was ¥7,751,265.82, down 16.17% from ¥9,245,901.41 in the same period last year[11] - Total operating revenue for Q1 2025 was CNY 45,390,258.12, a decrease of 27.2% compared to CNY 62,316,779.35 in the same period last year[22] - Net profit for Q1 2025 was CNY 7,396,024.73, a decline of 20.4% from CNY 9,245,901.41 in Q1 2024[23] - Total operating costs for Q1 2025 were CNY 45,622,951.18, down 20.7% from CNY 57,442,815.59 year-over-year[22] Cash Flow - The net cash flow from operating activities increased by 133.01%, reaching ¥8,482,725.14, compared to a negative cash flow of ¥25,694,845.29 in Q1 2024[12] - Operating cash flow for the period was 8,482,725.14 yuan, a significant improvement from -25,694,845.29 yuan in the previous period[25] - Cash flow from operating activities totaled 82,793,856.32 yuan, a decrease from 88,374,515.44 yuan year-over-year[25] - The net cash flow from financing activities was -29,871,629.60 yuan, indicating a reduction in cash due to financing activities[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,195,731,833.73, a slight decrease of 0.56% from ¥1,202,406,488.18 at the end of the previous year[5] - Total liabilities decreased to CNY 100,497,664.64 from CNY 114,568,108.92, a decline of 12.3%[21] - The company's non-current assets increased to CNY 113,593,712.38 from CNY 91,823,626.05, representing a growth of 23.8%[21] - Cash and cash equivalents decreased to RMB 260,476,020.11 from RMB 351,557,961.31[18] - Total current assets amount to RMB 1,082,138,121.35, down from RMB 1,110,582,862.13[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,346[14] - The largest shareholder, Hangzhou Piqiula Holdings Co., Ltd., holds 36.89% of shares, totaling 22,135,275 shares[14] Investment and Subsidiaries - The company has established a wholly-owned subsidiary, Hangzhou Huachuang Zhili Technology Co., Ltd., with an investment of RMB 5 million[17] - The company strategically reduced its large-scale energy storage business, impacting overall revenue and profit margins[10] - The investment income decreased by 54.86% to ¥1,362,531.13, primarily due to differences in financial product types and interest rate changes[10] Other Financial Metrics - The weighted average return on equity decreased to 0.71% from 0.87% year-on-year[5] - Basic earnings per share for Q1 2025 were CNY 0.13, down from CNY 0.15 in the previous year[24] - Research and development expenses for Q1 2025 were CNY 6,104,660.89, slightly down from CNY 6,460,167.51 year-over-year[22] - The company reported a cash inflow of 660,000,000.00 yuan from investment recoveries, significantly higher than 410,000,000.00 yuan previously[26]
华塑科技(301157) - 2025 Q1 - 季度财报