HUALI(SH:603038)2025-04-24 14:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 220,397,334.32, representing a 48.34% increase compared to CNY 148,576,994.92 in the same period last year[3] - Net profit attributable to shareholders reached CNY 7,143,680.26, a significant increase of 159.20% from CNY 2,756,083.87 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,052,458.48, up 737.68% from CNY 841,899.50 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.03, reflecting a 200.00% increase compared to CNY 0.01 in the same quarter last year[3] - The weighted average return on equity increased to 0.52%, up 0.32 percentage points from 0.20% in the previous year[3] - Total operating revenue for Q1 2025 reached ¥220,397,334.32, a 48.3% increase from ¥148,576,994.92 in Q1 2024[17] - Net profit for Q1 2025 was ¥6,083,259.38, compared to ¥3,200,421.05 in Q1 2024, reflecting an increase of 90.5%[18] - Operating profit for Q1 2025 was ¥6,116,051.07, up from ¥2,163,713.12 in Q1 2024, marking a growth of 183.5%[17] - The company reported a total comprehensive income of ¥5,877,151.31 for Q1 2025, compared to ¥3,179,860.03 in Q1 2024, an increase of 84.6%[18] - Basic earnings per share for Q1 2025 were ¥0.03, up from ¥0.01 in Q1 2024[18] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -46,557,000.05, a decline of 562.30% compared to CNY 10,070,705.72 in the same period last year[3] - Cash flow from operating activities showed a net outflow of ¥46,557,000.05 in Q1 2025, compared to a net inflow of ¥10,070,705.72 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 totaled ¥348,983,325.74, down from ¥178,254,229.53 at the end of Q1 2024[21] - The company's cash and cash equivalents stood at CNY 352,715,572.29, slightly down from CNY 358,397,243.49[12] - The company's current assets totaled CNY 1,312,568,466.02, down from CNY 1,351,063,127.68 in the previous period, reflecting a decrease of approximately 2.85%[12] - Total assets at the end of the reporting period were CNY 2,852,281,116.89, a decrease of 1.87% from CNY 2,906,732,786.56 at the end of the previous year[4] - As of March 31, 2025, the total assets of Dongguan Huali Industrial Co., Ltd. amounted to CNY 2,852,281,116.89, a decrease from CNY 2,906,732,786.56 as of December 31, 2024[12] Liabilities and Equity - The total liabilities decreased to CNY 1,263,981,050.84 from CNY 1,324,309,871.78, indicating a reduction of about 4.55%[14] - The total equity attributable to the parent company increased to CNY 1,367,333,135.59 from CNY 1,360,395,563.40, showing a growth of about 0.51%[14] - The company's total liabilities to equity ratio improved slightly, indicating a stronger equity position relative to its liabilities[14] - Short-term borrowings rose significantly to CNY 268,435,484.97 from CNY 183,603,514.45, an increase of approximately 46.24%[14] Business Operations - The company attributed the revenue growth primarily to the integration of the smart water business, which contributed to increased income[7] - The increase in net profit was driven by growth in industrial business revenue and reduced expenses[7] - The company reported a total of 39,259 common shareholders at the end of the reporting period[9] - The company incurred a total operating cost of ¥220,884,214.07 in Q1 2025, an increase of 46.0% from ¥151,252,198.86 in Q1 2024[17] - Research and development expenses increased to ¥10,431,461.69 in Q1 2025, up 57.5% from ¥6,624,168.20 in Q1 2024[17] Inventory and Receivables - Accounts receivable decreased to CNY 380,588,729.76 from CNY 440,042,248.83, a decline of approximately 13.54%[12] - The company reported a decrease in inventory to CNY 199,216,786.10 from CNY 187,218,095.51, reflecting an increase of about 6.67%[12] - The total non-current assets were CNY 1,539,712,650.87, down from CNY 1,555,669,658.88, a decrease of approximately 1.03%[13]