HUASHENG(SH:605180)2025-04-24 13:20Financial Performance - The company's operating revenue for Q1 2025 was ¥76,192,452.55, a decrease of 13.54% compared to ¥88,120,232.06 in the same period last year[4] - Net profit attributable to shareholders was ¥8,265,448.88, down 52.93% from ¥17,561,533.38 year-on-year[4] - Basic earnings per share decreased by 50.00% to ¥0.05 from ¥0.10 in the previous year[4] - The net profit excluding non-recurring gains and losses was ¥8,329,789.60, a decline of 52.30% compared to ¥17,461,982.50 in the same period last year[4] - Net profit for Q1 2025 was CNY 8,265,448.88, a decline of 52.0% from CNY 17,561,533.38 in Q1 2024[19] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.05, compared to CNY 0.10 in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥4,413,419.83, compared to a negative cash flow of ¥46,159,362.82 in the same period last year[4] - Cash received from sales and services in Q1 2025 was CNY 55,967,795.21, an increase of 46.5% from CNY 38,231,268.15 in Q1 2024[19] - Net cash flow from investment activities was -188,295,454.20, indicating a significant outflow[20] - Total cash inflow from financing activities was 13,311,920.00, primarily from borrowings[20] - Cash and cash equivalents at the end of the period totaled 191,876,329.09, down from 363,519,212.22 at the beginning[20] - The net increase in cash and cash equivalents was -171,642,883.13, reflecting a decrease in liquidity[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,206,901,270.27, reflecting a slight increase of 0.81% from ¥1,197,199,504.41 at the end of the previous year[5] - The company's cash and cash equivalents decreased to RMB 191,983,786.48 from RMB 363,626,669.61, representing a decline of approximately 47.3%[12] - Accounts receivable increased to RMB 225,995,926.55 from RMB 205,369,940.67, reflecting a growth of about 10%[12] - Inventory rose to RMB 100,371,228.39, up from RMB 99,152,650.54, indicating a marginal increase of 1.2%[14] - The company's non-current assets totaled RMB 561,113,226.89, compared to RMB 478,632,801.99, marking an increase of approximately 17.2%[14] - Short-term borrowings increased to RMB 17,432,033.86 from RMB 10,008,861.11, showing a rise of about 74.3%[14] - Total liabilities as of the reporting date were CNY 58,024,585.24, compared to CNY 56,588,268.26 in the previous period[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,363[9] - The company has not disclosed any significant changes in the shareholder structure or any new strategies during the reporting period[11] Operational Insights - The company attributed the decline in net profit to a decrease in operating revenue and an increase in financial expenses[8] - There were no significant reminders or alerts regarding the company's operational status during the reporting period[11] Research and Development - Research and development expenses for Q1 2025 were CNY 3,026,819.77, slightly up from CNY 2,995,987.13 in Q1 2024[17] Accounting Standards - The company will not apply new accounting standards starting from 2025[21]