Financial Performance - Net profit attributable to shareholders for Q1 2025 was CNY 16,997,869.64, representing a 24.77% increase year-on-year[9] - Operating revenue for Q1 2025 reached CNY 152,026,103.82, marking a 12.24% growth compared to the same period last year[9] - Operating profit for the period was CNY 20,791,300.19, reflecting a 37.33% increase driven by improved gross margins[11] - Total operating revenue for Q1 2025 reached ¥152,026,103.82, an increase of 12.4% compared to ¥135,450,323.90 in Q1 2024[38] - Net profit for Q1 2025 was ¥17,856,561.96, representing a 30.5% increase from ¥13,751,766.69 in Q1 2024[39] - The company reported a total profit of ¥20,605,252.68 for Q1 2025, compared to ¥15,149,799.28 in Q1 2024, an increase of 36.0%[39] - The company’s total comprehensive income for Q1 2025 was ¥17,856,561.96, compared to ¥13,751,766.69 in Q1 2024, an increase of 30.5%[40] Cash Flow - The net cash flow from operating activities improved significantly to CNY 9,251,067.28, a 120.69% increase from a negative cash flow in the previous year[9] - The net cash flow from operating activities for Q1 2025 was ¥9,251,067.28, a significant improvement compared to a net outflow of ¥44,701,986.24 in Q1 2024[43] - Total cash inflow from operating activities in Q1 2025 reached ¥117,718,533.19, while cash outflow was ¥108,467,465.91, resulting in a positive cash flow[42] - Cash received from sales of goods and services in Q1 2025 was ¥111,679,163.81, compared to ¥50,000,789.85 in Q1 2024, indicating a growth of 123%[42] - The company incurred cash outflows of ¥80,442,982.60 from financing activities in Q1 2025, compared to inflows of ¥69,021,467.29 in Q1 2024[43] - Cash and cash equivalents at the end of Q1 2025 totaled ¥269,456,641.19, down from ¥295,691,394.66 at the end of Q1 2024[43] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 904,482,564.96, a decrease of 0.04% compared to the end of 2024[9] - The company's asset-liability ratio decreased to 38.19% for consolidated statements, down from 40.17% at the end of 2024[9] - Total liabilities decreased from 363,425,179.64 to 345,456,958.29, a decrease of approximately 4.0%[33] - Current liabilities decreased from 359,056,415.35 to 340,548,991.22, a reduction of approximately 5.5%[32] - Non-current liabilities increased from 4,368,764.29 to 4,907,967.07, an increase of about 12.3%[33] - Shareholders' equity increased from 541,404,623.36 to 559,025,606.67, an increase of about 3.1%[33] Accounts Receivable and Inventory - Accounts receivable increased by 43.46% to CNY 145,142,322.56 due to increased credit sales and collection policies[10] - Accounts receivable increased from 101,174,130.44 to 145,142,322.56, reflecting a growth of about 43.4%[31] - Inventory rose from 112,760,555.66 to 123,845,580.29, an increase of approximately 9.6%[31] - Inventory increased from 97,554,764.25 to 107,805,812.66, an increase of approximately 10.5%[35] Shareholder Information - Total shares outstanding are 151,712,787 with 7,759 common shareholders[19] - The largest shareholder, Guangxi Yuchai Machinery Group Co., Ltd., holds 73,120,000 shares, representing 48.20% of total shares[21] Other Financial Metrics - The weighted average return on equity increased to 3.17% from 2.72% year-on-year, indicating improved profitability[9] - Basic and diluted earnings per share for Q1 2025 were both ¥0.11, compared to ¥0.09 in Q1 2024[40] - Research and development expenses in Q1 2025 totaled ¥5,620,192.15, slightly higher than ¥5,170,039.88 in Q1 2024, indicating a 8.7% increase[38] - The company experienced a credit impairment loss of ¥2,124,528.04 in Q1 2025, compared to a loss of ¥3,165,281.30 in Q1 2024, showing an improvement[39] - Other income for Q1 2025 was ¥1,250,625.51, down from ¥3,210,218.47 in Q1 2024, reflecting a decrease of 61.0%[38] Legal and Compliance - The company reported a total of 3,059,349.54 in litigation claims, accounting for 0.55% of the net assets[26] - The company has no major litigation or arbitration matters during the reporting period[25] - There are no pledges or judicial freezes on shares held by major shareholders[22] - The company has committed to fulfilling all disclosed commitments without any overdue obligations[27]
华原股份(838837) - 2025 Q1 - 季度财报