杭华股份(688571) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 282,824,548.93, representing a slight increase of 0.14% compared to CNY 282,438,151.32 in the same period last year[4]. - Net profit attributable to shareholders increased by 8.53% to CNY 28,327,004.03 from CNY 26,100,616.99 year-on-year[4]. - The net profit after deducting non-recurring gains and losses decreased by 3.59% to CNY 23,974,060.82 compared to CNY 24,866,140.41 in the previous year[4]. - Operating profit for Q1 2025 reached CNY 34,013,094.15, up from CNY 29,009,723.35 in Q1 2024, reflecting an increase of 17.3%[20]. - Net profit for Q1 2025 was CNY 29,485,987.76, compared to CNY 25,689,856.23 in Q1 2024, representing a growth of 14.0%[20]. - Basic earnings per share for Q1 2025 was CNY 0.07, an increase from CNY 0.06 in Q1 2024[21]. - The company's total equity increased to CNY 1,608,336,038.80 in Q1 2025 from CNY 1,576,275,681.23 in Q1 2024, reflecting a growth of 2.0%[17]. Cash Flow and Assets - The net cash flow from operating activities rose significantly by 51.89% to CNY 30,421,898.92 from CNY 20,028,341.03 in the same period last year[5]. - Cash flow from operating activities for Q1 2025 was CNY 265,800,056.31, compared to CNY 257,842,423.63 in Q1 2024, indicating a growth of 3.7%[22]. - The company's operating cash flow net amount for the first quarter of 2025 was CNY 30,421,898.92, an increase of 51.5% compared to CNY 20,028,341.03 in the first quarter of 2024[23]. - The company's cash and cash equivalents decreased to RMB 719.26 million from RMB 862.68 million as of December 31, 2024, representing a decline of approximately 16.5%[14]. - The company's total current assets amounted to RMB 1.56 billion, down from RMB 1.64 billion, indicating a decrease of about 4.9%[15]. - The total current assets decreased to CNY 1,281,205,280.86 as of March 31, 2025, from CNY 1,339,749,948.29 at the end of 2024, indicating a decline of 4.3%[26]. - The company's total assets at the end of the reporting period were CNY 2,036,973,615.75, a decrease of 0.61% from CNY 2,049,432,035.11 at the end of the previous year[5]. Investments and R&D - R&D investment totaled CNY 11,116,162.39, down by 5.37% from CNY 11,747,555.30, with the proportion of R&D investment to operating revenue decreasing to 3.93% from 4.16%[5]. - The company reported a decrease in research and development expenses to CNY 11,116,162.39 in Q1 2025 from CNY 11,747,555.30 in Q1 2024[20]. - Research and development expenses for the first quarter of 2025 were CNY 9,833,298.07, slightly lower than CNY 9,968,991.64 in the first quarter of 2024[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,142[10]. - The company plans to acquire 60% of Zhejiang Dick Donghua Fine Chemical Co., Ltd. for RMB 18 million, which will make it a subsidiary included in the consolidated financial statements[12]. - The company has established a joint action agreement with Hangzhou Xiefeng Investment Management Partnership to exercise shareholder rights collectively[12]. Liabilities - Total liabilities decreased to CNY 428,637,576.95 in Q1 2025 from CNY 473,156,353.88 in Q1 2024, a reduction of 9.4%[17]. - Non-current liabilities increased to CNY 42,510,951.86 in Q1 2025 from CNY 3,681,191.40 in Q1 2024, a significant rise[17]. - The total liabilities decreased to CNY 299,133,720.54 as of March 31, 2025, from CNY 322,954,409.42 at the end of 2024, reflecting a reduction of 7.4%[28]. Other Financial Metrics - The weighted average return on net assets increased slightly to 1.81% from 1.77%[5]. - Non-recurring gains and losses amounted to CNY 4,352,943.21, with significant contributions from non-current asset disposal gains and other operational activities[6]. - The company incurred a net cash outflow from financing activities of CNY -12,969,989.46 in the first quarter of 2025, compared to a net outflow of CNY -29,781,883.07 in the first quarter of 2024[24]. - The company reported a credit impairment loss of CNY 2,265,003.76 in the first quarter of 2025, compared to CNY 912,555.76 in the same period of 2024, which is an increase of approximately 148.5%[31]. - Interest income for the first quarter of 2025 was CNY 3,011,026.44, up from CNY 1,340,079.32 in the first quarter of 2024, indicating a growth of about 124.9%[31].