兴瑞科技(002937) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥420,184,275.42, a decrease of 15.89% compared to ¥499,540,195.82 in the same period last year[5] - Net profit attributable to shareholders was ¥40,175,210.17, down 44.65% from ¥72,583,841.99 year-on-year[5] - Basic earnings per share decreased to ¥0.14, down 41.67% from ¥0.24 in the previous year[5] - Total operating revenue decreased to ¥420,184,275.42 from ¥499,540,195.82, representing a decline of approximately 15.8% year-over-year[22] - Net profit for the period was ¥39,935,479.66, down from ¥72,416,105.47, reflecting a decline of approximately 44.0% year-over-year[23] - Total comprehensive income for the period was CNY 42,064,150.81, a decrease from CNY 71,001,810.88 in the previous period[24] Cash Flow - The net cash flow from operating activities increased significantly to ¥54,483,423.71, a rise of 540.60% compared to ¥8,505,002.25 in Q1 2024[5] - The net cash flow from operating activities increased by 45.98 million yuan compared to the same period last year, primarily due to a decrease in customer payments by 71.92 million yuan and a reduction in procurement payments by 112.45 million yuan[13] - The net cash flow from investing activities was negative at -¥28,042,478.35, a decrease of 340.73% compared to a positive cash flow of ¥11,648,721.87 in Q1 2024[11] - The net cash flow from investing activities decreased by 39.69 million yuan year-on-year, mainly due to the purchase of structured bank deposits exceeding the amount recovered during the reporting period[13] - The net cash flow from financing activities decreased by 55.15 million yuan compared to the same period last year, primarily due to the absence of profit distribution and stock repurchase expenditures in the current reporting period[15] - The company reported a net increase in cash and cash equivalents of CNY 28,471,805.39, compared to a decrease of CNY -28,778,324.14 in the previous period[27] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥2,496,627,127.87, a decline of 1.57% from ¥2,536,406,521.37 at the end of the previous year[5] - Total liabilities decreased to ¥852,620,739.58 from ¥937,702,764.30, a reduction of about 9.1% year-over-year[21] - The company's total equity attributable to shareholders increased by 2.85% to ¥1,643,883,558.54 from ¥1,598,341,050.76 at the end of the previous year[5] - The company's equity attributable to shareholders increased to ¥1,643,883,558.54 from ¥1,598,341,050.76, an increase of approximately 2.9% year-over-year[21] Expenses - Total operating costs reduced to ¥374,504,799.65 from ¥415,900,016.24, a decrease of about 9.9% year-over-year[22] - The company experienced a 36.29% reduction in selling expenses, which amounted to ¥7,742,136.04 compared to ¥12,152,799.51 in the same quarter last year[8] - Research and development expenses were ¥17,422,689.71, down from ¥21,428,979.97, a decrease of about 18.3% year-over-year[23] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 13,979, with the largest shareholder holding 24.27% of the shares[14] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Zhejiang Zheqi Investment Holding Group Co., Ltd., owning 72,259,670 shares[14] - The company has not reported any changes in the participation of the top ten shareholders in margin financing and securities lending activities[16] - The company did not have any preferred shareholders or related information to report during the period[17] Investments and Projects - The subsidiary, Xingshui Electronics Technology (Thailand) Co., Ltd., has commenced construction, while the expansion project for the subsidiary, Suzhou Zhongxing Lian Precision Industry Co., Ltd., is expected to complete its main structure by April 9, 2025[17] Other Financial Metrics - The company reported a significant increase in investment income, rising to ¥719,494.57, a 3563.54% increase from ¥19,639.31 in Q1 2024[8] - The company reported a significant decrease in contract liabilities, which fell by 59.16% to ¥1,063,011.77 from ¥2,603,180.75 at the beginning of the year[10] - The cash and cash equivalents at the end of the reporting period amounted to 856,674,900.61 yuan, a decrease from 880,238,534.57 yuan at the beginning of the period[19] - Cash inflow from investment activities was CNY 730,590,931.06, compared to CNY 411,417,348.19 in the previous period[27] - Cash outflow from investment activities increased to CNY 758,633,409.41 from CNY 399,768,626.32, resulting in a net cash flow from investment activities of CNY -28,042,478.35[27] - Cash inflow from operating activities totaled CNY 450,187,186.70, down from CNY 530,066,561.22[26] - Cash outflow for purchasing goods and services was CNY 226,526,059.03, down from CNY 338,973,038.83[27] - The company received CNY 15,597,311.79 in tax refunds, compared to CNY 21,627,137.19 in the previous period[26] - The cash and cash equivalents position remains stable, with no significant changes reported in the financial liabilities section[21] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[22]