Financial Performance - The company's operating revenue for Q1 2025 was CNY 54,367,405.98, representing a decrease of 8.97% compared to CNY 59,722,917.50 in the same period last year[4]. - Net profit attributable to shareholders decreased by 30.00% to CNY 17,333,901.54 from CNY 24,762,752.93 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 32.89% to CNY 16,603,991.99 compared to CNY 24,741,766.45 in the previous year[4]. - Basic and diluted earnings per share dropped by 48.00% to CNY 0.13 from CNY 0.25 year-on-year[4]. - Total operating revenue for Q1 2025 was ¥54,367,405.98, a decrease of 9.1% compared to ¥59,722,917.50 in Q1 2024[18]. - Net profit for Q1 2025 was ¥17,333,901.54, down 30.0% from ¥24,762,752.93 in Q1 2024[19]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.13, compared to ¥0.25 in Q1 2024[19]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 85.93% to CNY 3,307,407.36 from CNY 23,510,981.86 in the same quarter last year[4]. - Cash flow from operating activities generated a net amount of ¥3,307,407.36 in Q1 2025, a significant decrease from ¥23,510,981.86 in Q1 2024[22]. - Cash and cash equivalents stood at RMB 50,071,075.11 as of March 31, 2025, compared to RMB 51,609,785.75 at the end of 2024[14]. - Cash and cash equivalents at the end of Q1 2025 were ¥50,071,075.11, down from ¥39,357,091.12 at the end of Q1 2024[23]. - The total current assets amounted to RMB 366,801,891.50, a decrease from RMB 541,384,248.59 as of December 31, 2024[14]. - The total assets at the end of the reporting period were CNY 1,295,845,064.63, a decrease of 1.32% from CNY 1,313,154,265.85 at the end of the previous year[5]. - The total assets decreased to RMB 1,295,845,064.63 as of March 31, 2025, from RMB 1,313,154,265.85 at the end of 2024[16]. Expenses and Liabilities - Total operating costs increased to ¥36,735,755.32 in Q1 2025, up 15.3% from ¥31,929,504.16 in Q1 2024[18]. - Research and development expenses totaled CNY 5,654,164.51, an increase of 14.59% from CNY 4,934,220.83 in the previous year, accounting for 10.40% of operating revenue[5]. - Research and development expenses increased to ¥5,654,164.51 in Q1 2025, up from ¥4,934,220.83 in Q1 2024[18]. - The total liabilities as of March 31, 2025, were RMB 73,306,436.23, down from RMB 109,288,840.79 at the end of 2024[16]. - The company reported a decrease in accounts payable to RMB 14,207,212.33 as of March 31, 2025, from RMB 13,479,613.64 at the end of 2024[16]. Strategic Insights - The decline in net profit was attributed to strategic price reductions for certain customers and a decrease in production capacity utilization, leading to increased unit costs and a decline in gross margin[8]. - The company's revenue in Q1 2025 decreased compared to the previous year primarily due to strategic price reductions aimed at increasing procurement share among certain clients, alongside reduced purchasing demand from some clients due to their operational strategy adjustments[12]. - The company expects revenue to recover as clients return to normal purchasing levels and new production capacity from the Zhuhai factory is released[12]. - The company experienced a significant increase in financial expenses, with a net financial cost of ¥337,623.77 in Q1 2025, compared to a gain of ¥1,276,350.01 in Q1 2024[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,235[10]. - The company's retained earnings increased to RMB 199,440,969.34 as of March 31, 2025, from RMB 182,107,067.80 at the end of 2024[16]. - The fixed assets increased significantly to RMB 359,917,729.21 as of March 31, 2025, from RMB 121,331,354.58 at the end of 2024[15]. - The company's total non-current assets reached RMB 929,043,173.13 as of March 31, 2025, compared to RMB 771,770,017.26 at the end of 2024[15].
龙图光罩(688721) - 2025 Q1 - 季度财报