XTL(SH:603022)2025-04-24 12:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 206,297,680.64, a decrease of 1.15% compared to CNY 208,687,291.69 in the same period last year[4] - Net profit attributable to shareholders increased by 2.78% to CNY 12,488,413.54 from CNY 12,150,724.71 year-on-year[4] - The net profit for Q1 2025 was CNY 12,487,582.84, a slight increase from CNY 12,289,248.89 in Q1 2024, representing a growth of approximately 1.6%[20] - Operating profit for Q1 2025 was CNY 14,682,119.57, down from CNY 16,183,761.89 in Q1 2024, indicating a decrease of about 9.3%[20] - The company reported a net profit margin of approximately 6.43% for Q1 2025, compared to 7.16% in Q1 2024[19] - The company reported a total comprehensive income of CNY 11,741,732.26 for Q1 2025, down from CNY 12,696,095.13 in Q1 2024, a decrease of about 7.5%[21] Cash Flow and Liquidity - The net cash flow from operating activities surged by 95.74% to CNY 29,760,618.81, up from CNY 15,204,095.71 in the previous year[4] - The net cash flow from operating activities for Q1 2025 was CNY 29,760,618.81, significantly higher than CNY 15,204,095.71 in Q1 2024, marking an increase of about 95.5%[25] - The company reported a significant increase in cash and cash equivalents by 14.86%, primarily due to increased collections from accounts receivable[8] - Cash and cash equivalents increased to RMB 186,669,582.01 as of March 31, 2025, compared to RMB 162,515,797.26 at the end of 2024, reflecting a growth of 14.87%[13] - The cash and cash equivalents at the end of Q1 2025 were CNY 179,488,427.74, up from CNY 154,033,107.21 at the end of Q1 2024, an increase of approximately 16.5%[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,122,733,945.14, reflecting a 1.35% increase from CNY 1,107,792,275.02 at the end of the previous year[4] - Total assets as of March 31, 2025, were RMB 1,122,733,945.14, an increase from RMB 1,107,792,275.02 at the end of 2024[15] - Total liabilities increased to RMB 315,212,839.35 from RMB 312,012,070.79, reflecting a rise of 1.04%[16] - Shareholders' equity as of March 31, 2025, was RMB 807,521,105.79, up from RMB 795,780,204.23, indicating an increase of 1.03%[16] - Non-current assets totaled RMB 496,109,696.09, a slight decrease from RMB 504,971,454.95 at the end of 2024[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,768[9] - The top shareholder, Cao Wenjie, holds 40.27% of the shares, totaling 80,540,000 shares[10] Operational Efficiency - Accounts receivable decreased by 12.81%, indicating improved cash collection efficiency[8] - Accounts receivable decreased to RMB 260,555,966.75 from RMB 298,823,400.07, a decline of 12.78%[13] - The company experienced a 118.80% increase in prepaid accounts, attributed to higher procurement costs[8] - Inventory increased to RMB 124,922,197.93, up 27.06% from RMB 98,425,205.14 at the end of 2024[14] Expenses - Total operating costs for Q1 2025 were RMB 192,964,181.89, down 0.35% from RMB 193,642,158.79 in Q1 2024[19] - Research and development expenses rose to CNY 4,268,331.63 in Q1 2025, compared to CNY 3,970,632.48 in Q1 2024, an increase of approximately 7.5%[20] - The company incurred a total tax expense of CNY 2,186,160.32 in Q1 2025, down from CNY 3,920,937.98 in Q1 2024, a decrease of about 44.2%[20] - The company’s financial expenses for Q1 2025 were CNY 714,409.32, compared to a financial income of CNY 1,006,217.18 in Q1 2024, indicating a significant shift in financial performance[20] Return on Equity - The weighted average return on equity decreased by 0.03 percentage points to 1.55% from 1.58% year-on-year[4] - The company's earnings per share remained stable at CNY 0.06 for both Q1 2025 and Q1 2024[21]