德宏股份(603701) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥188,129,344.27, representing an increase of 11.90% compared to ¥168,120,938.90 in the same period last year[4] - Net profit attributable to shareholders decreased by 33.76% to ¥4,718,330.01 from ¥7,123,487.40 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 54.01% to ¥2,897,095.01 from ¥6,299,030.39 in the previous year[4] - Basic and diluted earnings per share both decreased by 33.33% to ¥0.02 from ¥0.03 in the same period last year[5] - Operating profit for Q1 2025 was ¥5,816,608.75, down from ¥9,118,068.38 in Q1 2024[18] - Net profit for Q1 2025 was ¥7,053,983.27, a decrease of 17.8% from ¥8,579,933.73 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was negative at -¥75,004,807.52, a significant decline from ¥4,053,623.43 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥75,004,807.52, compared to positive cash flow of ¥4,053,623.43 in Q1 2024[21] - Cash flow from investing activities for Q1 2025 was -¥31,204,084.28, compared to positive cash flow of ¥1,089,077.14 in Q1 2024[22] - Cash flow from financing activities for Q1 2025 was positive at ¥48,401,817.67, an increase from ¥27,361,396.69 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period increased by 3.74% to ¥1,330,647,370.68 from ¥1,282,662,279.16 at the end of the previous year[5] - The company's current assets decreased to 729,421,479.11 RMB from 770,573,686.06 RMB, a decline of about 5.3%[14] - The company's inventory increased to 212,416,140.60 RMB, up from 180,085,927.98 RMB, representing a growth of approximately 17.9%[14] - The total liabilities increased to 489,111,501.06 RMB from 448,180,392.81 RMB, indicating a rise of about 9.2%[16] - The company's equity attributable to shareholders rose to 806,669,303.38 RMB from 801,950,973.37 RMB, showing a slight increase of about 0.2%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,968[9] - The largest shareholder, Ningbo Zhenhai Investment Co., Ltd., held 30.14% of the shares, totaling 78,780,000 shares[9] Strategic Initiatives - The primary reason for the decline in net profit was the increase in procurement costs due to rising prices of raw materials such as copper[7] - The company plans to increase its investment in its wholly-owned subsidiary, Zhejiang Dehong Automotive Electronics Co., Ltd., by 190 million RMB, which will enhance its existing generator business[11] - The company is focusing on expanding its market presence through strategic asset allocation and investment in technology development[11] - The company has completed the registration of the asset transfer to its subsidiary, which will enhance operational efficiency[12] Research and Development - The company reported a significant increase in research and development expenses, totaling ¥3,746,672.31 in Q1 2025, compared to ¥4,879,926.80 in Q1 2024[18] Accounts Receivable - The company reported an increase in accounts receivable to 258,105,392.16 RMB from 245,256,583.44 RMB, reflecting a growth of approximately 5.5%[14]