SAFETY(SH:603028)2025-04-24 12:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 349,229,456.18, representing a 24.80% increase compared to CNY 279,831,387.82 in the same period last year[4] - Net profit attributable to shareholders was CNY 1,070,860.52, a significant turnaround from a loss of CNY 6,069,400.20, marking a 117.64% increase[4] - The net profit after deducting non-recurring gains and losses was CNY 858,981.15, up 112.98% from a loss of CNY 6,617,709.29 in the previous year[4] - The net cash flow from operating activities was CNY 2,153,211.43, a 104.53% improvement from a negative cash flow of CNY 47,557,089.73[4] - Basic and diluted earnings per share were both CNY 0.004, reflecting a 120.00% increase from a loss of CNY 0.02 per share in the same period last year[5] - The weighted average return on equity increased to 0.21%, up 1.04 percentage points from -0.83%[5] - The company reported a net profit margin decline due to rising costs, impacting overall profitability[20] - The net profit for the first quarter of 2025 was -9,151,289.88 RMB, compared to -19,587,843.59 RMB in the same period of 2024, showing an improvement of approximately 53%[21] - Operating profit for the first quarter of 2025 was -9,880,596.20 RMB, an improvement from -26,472,769.04 RMB year-over-year[21] - The total comprehensive income for Q1 2025 was -9,243,479.63 RMB, an improvement from -19,525,126.86 RMB in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,450,027,686.39, a slight increase of 0.21% from CNY 2,444,792,486.54 at the end of the previous year[5] - Current assets totaled RMB 891,814,431.50 as of March 31, 2025, slightly up from RMB 876,104,498.83 at the end of the previous period[15] - Non-current assets amounted to RMB 1,558,213,254.89, a decrease from RMB 1,568,687,987.71 in the previous period[16] - Total liabilities were RMB 2,015,059,790.98, an increase from RMB 2,000,581,111.50 in the previous period[17] - Shareholders' equity totaled RMB 434,967,895.41, down from RMB 444,211,375.04 in the previous period[17] Shareholder Information - Shareholder equity attributable to shareholders was CNY 512,040,293.49, up 0.19% from CNY 511,061,622.72[5] - The total number of ordinary shareholders at the end of the reporting period was 25,307[10] - The top shareholder, Suzhou Wuzhong Rongtai Holdings Co., Ltd., held 28.91% of the shares, totaling 82,980,738 shares[10] Revenue and Costs - Total operating costs for Q1 2025 were RMB 372,677,061.53, up 19.6% from RMB 311,653,561.19 in Q1 2024[20] - Operating costs included RMB 332,847,754.43 in cost of goods sold, which increased by 23.8% from RMB 268,823,196.23 in the previous year[20] - Total revenue from sales of goods and services in Q1 2025 was 222,387,224.15 RMB, up from 198,484,440.71 RMB in Q1 2024[23] Cash Flow and Expenses - The net cash flow from operating activities for Q1 2025 was 2,153,211.43 RMB, a significant recovery from -47,557,089.73 RMB in Q1 2024[24] - The company reported a total cash and cash equivalents balance of 114,776,270.66 RMB at the end of Q1 2025, compared to 106,161,845.37 RMB at the end of Q1 2024[25] - Research and development expenses for Q1 2025 were 11,558,601.58 RMB, compared to 10,144,414.34 RMB in Q1 2024, indicating a 14% increase[21] - Financial expenses in Q1 2025 were 6,849,000.76 RMB, significantly higher than 1,688,223.77 RMB in Q1 2024, primarily due to increased interest expenses[21] - The company incurred a credit impairment loss of 6,021,092.87 RMB in Q1 2025, compared to 1,804,964.37 RMB in Q1 2024, reflecting a rise in credit risk[21] Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue growth[20]