ZYD(SH:600610)2025-04-25 08:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 270,350,565.26, a decrease of 5.40% compared to CNY 285,780,519.72 in the same period last year[4] - Net profit attributable to shareholders was CNY 13,760,958.82, a significant improvement from a loss of CNY 10,392,198.44 in the previous year[4] - The basic and diluted earnings per share were both CNY 0.0128, compared to a loss of CNY 0.0097 per share in the same period last year[4] - The weighted average return on equity increased by 75.36 percentage points to 18.68% from -56.68% in the previous year[4] - Operating profit for Q1 2025 was ¥17,681,415.05, compared to an operating loss of ¥11,273,430.38 in Q1 2024[20] - Net profit for Q1 2025 was ¥13,760,958.82, a significant recovery from a net loss of ¥10,392,198.44 in Q1 2024[21] - Basic and diluted earnings per share for Q1 2025 were both ¥0.0128, compared to a loss per share of ¥0.0097 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 978,959,871.65, down 3.59% from CNY 1,015,373,956.45 at the end of the previous year[5] - The company's current assets totaled RMB 336,052,128.99, down from RMB 355,272,131.40, indicating a decrease of about 5.4%[15] - The company's cash and cash equivalents were RMB 53,315,817.12, significantly lower than RMB 95,521,251.59 reported at the end of 2024, representing a decline of approximately 44.3%[15] - Accounts receivable increased to RMB 30,471,172.57 from RMB 17,001,981.79, marking an increase of about 79.5%[15] - The company's total liabilities were RMB 897,952,260.58, down from RMB 949,074,293.24, a decrease of approximately 5.4%[17] Shareholders' Equity - Shareholders' equity attributable to shareholders increased by 22.18% to CNY 81,007,611.07 from CNY 66,299,663.21 at the end of the previous year[5] - The equity attributable to shareholders increased to RMB 81,007,611.07 from RMB 66,299,663.21, reflecting an increase of about 22.2%[17] - The company had a total of 105,652 common shareholders at the end of the reporting period[9] Cash Flow - The net cash flow from operating activities was -CNY 2,029,419.83, an improvement from -CNY 21,681,992.00 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥2,029,419.83, an improvement from -¥21,681,992.00 in Q1 2024[23] - Cash and cash equivalents at the end of Q1 2025 were ¥44,461,546.90, down from ¥56,061,960.76 at the end of Q1 2024[24] Inventory and Costs - The company reported a significant increase in inventory, which rose to RMB 129,217,969.17 from RMB 109,381,608.44, an increase of approximately 18.1%[15] - Total operating costs decreased to ¥250,032,088.06 in Q1 2025, down 15.3% from ¥295,136,300.56 in Q1 2024[20] Other Financial Metrics - The company reported a government subsidy of CNY 299,150.34, contributing positively to the financial results[6] - The increase in net profit was primarily driven by a significant rise in the selling price of the company's seasonal products, leading to improved gross margins[7] - The company reported a decrease in research and development expenses to ¥2,399,721.10 in Q1 2025 from ¥2,619,696.05 in Q1 2024[20] - Financial expenses decreased significantly to ¥7,518,405.73 in Q1 2025 from ¥10,688,875.83 in Q1 2024[20] - The company experienced a credit impairment loss of -¥708,904.77 in Q1 2025, compared to -¥39,348.27 in Q1 2024[20] Asset Disposal and Bankruptcy - The company has completed the disposal of all assets related to Guizhou Zhongyida Construction Engineering Co., Ltd. and Shanghe Construction, with no actual gains realized from these disposals[12] - The company has submitted a bankruptcy application for Xiamen Zhongyida, which is currently under court proceedings[13] - The company is committed to expediting the asset disposal process and will communicate progress updates in a timely manner[13]