Financial Performance - Net profit attributable to shareholders for Q1 2025 was ¥7,329,160.62, representing a year-on-year increase of 3.40%[10] - Operating revenue for the first quarter of 2025 reached ¥101,530,303.07, reflecting a growth of 3.66% compared to the same period last year[10] - The company's net profit for Q1 2025 reached CNY 8,150,776.57, an increase from CNY 7,214,186.20 in Q1 2024, representing a growth of approximately 13.0%[44] - Operating revenue for Q1 2025 was CNY 100,314,810.35, compared to CNY 97,947,698.11 in Q1 2024, indicating a year-over-year increase of about 2.8%[43] - The total profit for Q1 2025 amounted to CNY 9,623,851.05, compared to CNY 8,589,198.94 in Q1 2024, marking an increase of around 12.1%[43] - The company's net profit margin for Q1 2025 improved, with net income rising to ¥7,774,141.25 from ¥7,423,879.05 in Q1 2024, reflecting a margin increase of approximately 4.7%[41] Cash Flow - The company's cash flow from operating activities decreased significantly by 73.61%, totaling ¥4,507,063.19[10] - Net cash flow from operating activities decreased by 73.61% year-on-year to 4,507,063.19 CNY, attributed to uncollected accounts receivable and cash outflows for purchasing production materials[14] - Cash inflow from operating activities in Q1 2025 was CNY 133,178,921.68, slightly down from CNY 135,025,798.68 in Q1 2024[45] - Cash outflow from operating activities in Q1 2025 totaled CNY 128,671,858.49, compared to CNY 117,949,035.68 in Q1 2024, indicating an increase of approximately 9.1%[45] - The net cash flow from operating activities for Q1 2025 was ¥8,335,521.26, a decrease of 51.6% compared to ¥17,247,603.45 in Q1 2024[48] - Total cash inflow from operating activities was ¥131,867,368.17, while cash outflow was ¥123,531,846.91, resulting in a net cash flow of ¥8,335,521.26[48] Assets and Liabilities - Total assets as of March 31, 2025, amounted to ¥375,000,546.18, a decrease of 1.33% compared to the end of the previous year[10] - The company's total liabilities to total assets ratio (consolidated) improved to 24.49%, down from 27.73% at the end of the previous year[10] - The company’s total liabilities were CNY 91,833,323.88, down from CNY 105,381,801.68, indicating a reduction of about 13%[37] - Current assets totaled CNY 303,423,974.54, down from CNY 318,314,354.27 at the end of 2024, indicating a decrease of approximately 4.5%[35] - The company has pledged assets worth CNY 6,499,198.76, which represents 1.73% of total assets, primarily for working capital loans[31] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 60,521,738, with 73.32% being limited sale shares[20] - The largest shareholder, Guangdong Jingtong Investment Co., Ltd., holds 43.125% of the shares, totaling 26,100,000 shares[21] - The company repurchased 602,324 shares, accounting for 1.44% of the total share capital, to implement an employee stock ownership plan[22] - There are no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[24] Expenses and Costs - Management expenses increased by 24.22% year-on-year, totaling 4,390,735.40 CNY, primarily due to rising employee compensation and operational costs[14] - Other income decreased by 64.38% year-on-year to 70,766.58 CNY, mainly due to a reduction in government subsidies related to revenue[14] - Total operating costs for Q1 2025 were ¥93,756,161.82, compared to ¥90,525,660.48 in Q1 2024, indicating an increase of about 2.5%[41] Investments - Net cash flow from investing activities increased by 148.55% year-on-year to -13,922,255.48 CNY, primarily due to increased cash payments for fixed assets and long-term assets[15] - The company invested ¥13,408,724.56 in fixed assets during Q1 2025, significantly higher than the ¥5,362,624.00 spent in Q1 2024[48] Future Outlook - The company plans to continue investing in new product development and market expansion strategies to drive future growth[41]
鸿智科技(870726) - 2025 Q1 - 季度财报