奇精机械(603677) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥512,583,397.14, an increase of 11.13% compared to ¥461,230,868.26 in the same period last year[3] - The net profit attributable to shareholders decreased by 22.63% to ¥18,490,799.71 from ¥23,898,817.84 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 25.31% to ¥17,095,236.44 compared to ¥22,889,196.84 in the previous year[3] - Basic and diluted earnings per share decreased by 22.83% to ¥0.0960 from ¥0.1244 year-on-year[3] - Operating profit for Q1 2025 was ¥20,545,874.79, down 24.6% from ¥27,203,048.17 in Q1 2024[29] - The total comprehensive income attributable to the parent company for Q1 2025 was CNY 18,470,384.71, a decrease from CNY 20,503,177.65 in Q1 2024, representing a decline of approximately 9.95%[30] - The company’s total comprehensive income for Q1 2025 was ¥19,673,370.33, compared to ¥22,667,259.42 in Q1 2024, reflecting a decrease of 13.9%[38] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥5,190,884.85, compared to a negative cash flow of ¥22,924,259.64 in the same period last year[3] - Cash inflows from operating activities for Q1 2025 totaled CNY 458,113,935.73, compared to CNY 392,148,198.65 in Q1 2024, marking an increase of approximately 16.8%[31] - The company's cash and cash equivalents at the end of Q1 2025 were CNY 177,022,949.28, down from CNY 264,019,580.42 at the end of Q1 2024, representing a decrease of approximately 33%[31] - The net cash flow from operating activities for Q1 2025 was ¥5,088,387.49, a recovery from a negative cash flow of -¥35,232,594.61 in Q1 2024[39] - The company reported cash inflows from investment activities of CNY 11,144,035.39 in Q1 2025, while cash outflows were CNY 36,132,250.80, resulting in a net cash outflow of CNY 24,988,215.41[31] - The company incurred financial expenses of ¥429,576.12 in Q1 2025, significantly lower than ¥1,790,500.12 in Q1 2024, indicating improved financial management[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,230,225,854.79, a decrease of 1.36% from ¥2,261,070,833.52 at the end of the previous year[3] - Total liabilities decreased to ¥1,057,052,045.30 in Q1 2025 from ¥1,106,367,408.74 in Q1 2024, a reduction of 4.4%[25] - Current liabilities decreased to CNY 809,039,549.63 as of March 31, 2025, down from CNY 840,323,069.80 at the end of 2024, indicating a reduction of about 3.3%[34] - The total liabilities and equity amounted to ¥2,212,921,267.06 as of the end of Q1 2025, a slight decrease from ¥2,244,609,639.31 at the end of Q1 2024[36] Shareholder Equity - Shareholders' equity attributable to shareholders increased by 1.60% to ¥1,173,173,809.49 from ¥1,154,703,424.78 at the end of the previous year[3] - The company’s total equity increased to ¥1,171,815,121.88 in Q1 2025 from ¥1,152,141,751.55 in Q1 2024, showing a growth of 1.7%[36] Research and Development - Research and development expenses increased to ¥19,144,615.73 in Q1 2025, up 77.5% from ¥10,783,915.68 in Q1 2024[29] - Research and development expenses increased significantly to ¥18,657,747.94 in Q1 2025, up from ¥10,286,216.33 in Q1 2024, marking an increase of 81.5%[37] Related Party Transactions - The company expects to engage in daily related transactions with a total estimated amount not exceeding ¥31,939,000 for the year 2025[11] - The company expects a total of 3,193.90 million RMB in related party transactions for the year, with 572.34 million RMB occurring in Q1 2025[12] - The monthly rent for the property leased from Ningbo Hefeng is 18,125.92 RMB, with a total related party transaction amount of 54,377.76 RMB in Q1 2025[13] - The company has incurred related party transaction costs of 14,126.95 RMB for property management services in Q1 2025[14] Investments - The company plans to invest a total of 178.89 million RMB in fixed assets for 2025, with an expected investment of 140.72 million RMB for new projects[19] - The company has signed a contract to purchase two BSY-400 closed double-point punching machines for a total of 326,938 USD, with 90% of the payment already made[16] - The company has invested 2,829.42 million RMB in new fixed asset projects as of the report date[19] - The company’s cash flow from investing activities showed a net outflow of -¥39,200,336.33 in Q1 2025, compared to -¥7,750,944.60 in Q1 2024, indicating increased investment activity[40]