IAT(SZ:300825)2025-04-24 14:50Financial Performance - The company's revenue for Q1 2025 was ¥268,507,407.54, representing a 6.51% increase compared to ¥252,089,595.22 in the same period last year[4] - Net profit attributable to shareholders decreased by 40.23% to ¥12,393,838.03 from ¥20,735,171.87 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 51.05% to ¥10,505,906.37 compared to ¥21,463,156.38 in the previous year[4] - Basic and diluted earnings per share both decreased by 40.14% to ¥0.0252 from ¥0.0421 year-on-year[4] - Operating profit decreased to ¥12,875,340.08, down 23.5% from ¥16,860,098.61 in the previous period[18] - Net profit for the current period was ¥10,766,680.39, a decline of 43.4% from ¥19,056,228.10 in the previous period[18] - Total comprehensive income for the current period was ¥11,815,898.15, compared to ¥15,420,355.39 in the previous period, reflecting a decrease of 23.5%[18] Cash Flow and Assets - The net cash flow from operating activities decreased by 31.60% to ¥25,989,070.24 from ¥37,994,511.02 in the same period last year[4] - Cash flow from operating activities generated a net amount of ¥25,989,070.24, down 31.5% from ¥37,994,511.02 in the previous period[21] - Cash flow from investing activities showed a net inflow of ¥30,778,633.29, a recovery from a net outflow of ¥240,442,955.48 in the previous period[21] - Cash and cash equivalents at the end of the period totaled ¥249,215,810.90, a decrease from ¥269,795,852.08 at the end of the previous period[22] - The company’s cash and cash equivalents decreased from RMB 275,979,328.89 to RMB 249,215,810.94, a decline of about 9.7%[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,190,907,947.01, a decrease of 2.70% from ¥3,279,306,897.83 at the end of the previous year[4] - The company’s total liabilities decreased from RMB 949,959,619.79 to RMB 911,794,608.14, a reduction of approximately 4.0%[15] - The company’s long-term borrowings decreased from RMB 79,303,311.33 to RMB 49,230,571.89, a reduction of approximately 38.0%[15] - The company’s total equity decreased from RMB 2,329,347,278.04 to RMB 2,279,113,338.87, a decline of about 2.2%[16] Shareholder Information - The company reported a total of 29,397 common shareholders at the end of the reporting period[8] - The largest shareholder, Altec (Qingdao) Automotive Technology Consulting Co., Ltd., holds 13.57% of the shares, amounting to 67,579,530 shares[8] Operational Challenges - The company experienced a decline in gross profit margin due to pricing pressures in the domestic automotive industry, impacting profitability[7] - Research and development expenses increased significantly to ¥12,253,340.18, up 75.5% from ¥6,972,046.41 in the previous period[17] Share Repurchase - The company approved a share repurchase plan with a total fund of no less than RMB 50 million and no more than RMB 100 million, completing the repurchase of 7,646,232 shares for a total amount of RMB 85,985,624.98[11] Inventory Changes - The company’s inventory increased from RMB 284,698,261.62 to RMB 306,594,955.61, an increase of about 7.7%[14] Foreign Exchange Impact - The company experienced a foreign exchange impact of ¥1,323,549.06 on cash and cash equivalents, contrasting with a negative impact of ¥347,729.96 in the previous period[22]