longda(SH:688231)2025-04-25 08:50Financial Performance - The company achieved operating revenue of CNY 343,972,563.47, representing an increase of 8.67% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 28,539,148.88, reflecting a growth of 3.20% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 84.85% to CNY 28,603,642.74[4]. - Total operating revenue for Q1 2025 was CNY 343,972,563.47, an increase of 8.5% compared to CNY 316,538,860.90 in Q1 2024[19]. - Net profit for Q1 2025 reached CNY 28,539,148.88, compared to CNY 27,709,379.79 in Q1 2024, representing a growth of 3.0%[20]. - Earnings per share for Q1 2025 was CNY 0.12, an increase from CNY 0.11 in Q1 2024[20]. Research and Development - Research and development expenses totaled CNY 12,682,490.25, a decrease of 20.60% from the previous year, accounting for 3.69% of operating revenue[5]. - The company reported a decrease in research and development expenses to CNY 12,682,490.25 in Q1 2025 from CNY 15,973,523.19 in Q1 2024, a reduction of 20.5%[19]. - The company plans to continue investing in new product development to support future revenue growth[5]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,691,000,808.36, up 3.44% from the end of the previous year[5]. - Current assets totaled RMB 1,906,044,373.44, up from RMB 1,818,225,229.18, indicating an increase of about 4.83%[15]. - Inventory increased to RMB 789,265,556.80 from RMB 699,131,645.93, representing a rise of approximately 12.87%[15]. - Total liabilities reached RMB 722,841,945.94, compared to RMB 658,368,383.04, reflecting an increase of approximately 9.81%[16]. - The total liabilities as of the end of the reporting period were CNY 954,379,382.50, up from CNY 864,739,554.56 year-over-year[17]. - Total equity attributable to shareholders increased to CNY 2,736,621,425.86 from CNY 2,703,609,853.23, marking a growth of 1.2%[17]. Cash Flow - The company reported a negative net cash flow from operating activities of CNY -104,787,957.79, which is not applicable for year-on-year comparison[4]. - The net cash flow from operating activities for Q1 2025 was negative CNY 104,787,957.79, worsening from negative CNY 35,768,119.52 in Q1 2024[23]. - The cash inflow from operating activities totaled CNY 265,104,010.94 in Q1 2025, down from CNY 340,973,016.82 in Q1 2024[23]. - The net cash flow from investing activities was -102,041,349.34, compared to -139,152,880.24 in the previous period, indicating an improvement[24]. - The total cash inflow from financing activities was 207,665,988.36, up from 108,227,511.31, showing a significant increase[24]. - The net cash flow from financing activities was 102,141,202.83, compared to -643,175.72 in the previous period, reflecting a positive turnaround[24]. - The cash and cash equivalents at the end of the period amounted to 155,010,531.18, an increase from 111,943,412.51[24]. - The company reported a total cash outflow from investing activities of 102,041,349.34, compared to 141,624,202.44 previously[24]. - The cash flow from operations was not detailed, but the overall cash and cash equivalents decreased by -103,605,578.83[24]. Market Focus and Strategy - The company is focusing on expanding its market presence in the aerospace engine and gas turbine sectors, contributing to sustained growth in these business segments[5]. - The company plans to implement new accounting standards starting from 2025, which may affect the financial statements[24].