HAGG(SH:601177)2025-04-25 09:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 451,143,443.29, representing a 6.61% increase compared to CNY 423,171,700.23 in the same period last year[4] - Net profit attributable to shareholders was CNY 53,639,910.56, up 2.46% from CNY 52,350,757.83 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 50,223,829.39, reflecting a 3.57% increase from CNY 48,493,265.49 in the previous year[4] - The basic earnings per share increased to CNY 0.1341, a rise of 2.44% from CNY 0.1309 in the same quarter last year[4] - Total operating revenue for Q1 2025 reached ¥451.14 million, a 6.6% increase from ¥423.17 million in Q1 2024[19] - Net profit for Q1 2025 was ¥54.89 million, compared to ¥53.84 million in Q1 2024, reflecting a 2.0% increase[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,012,964,699.12, showing a 0.81% increase from CNY 4,972,473,161.75 at the end of the previous year[5] - The company's total liabilities stood at RMB 2,239,498,639.39, slightly up from RMB 2,222,007,145.55, reflecting a growth of around 0.79%[16] - The equity attributable to shareholders reached RMB 2,676,157,532.48, compared to RMB 2,657,590,832.40, showing an increase of approximately 0.69%[16] - The company's current assets totaled RMB 1,821,285,885.07, compared to RMB 1,791,315,383.07 at the end of 2024, indicating an increase of about 1.68%[14] - The company's long-term equity investments rose to RMB 1,786,866,012.18 from RMB 1,778,340,201.33, reflecting an increase of about 0.48%[14] Cash Flow - The net cash flow from operating activities was CNY -5,234,691.98, an improvement from CNY -89,111,473.19 in the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥5.23 million in Q1 2025, an improvement from a net outflow of ¥89.11 million in Q1 2024[22] - Cash flow from investing activities resulted in a net outflow of ¥44.25 million in Q1 2025, compared to a net outflow of ¥15.45 million in Q1 2024[23] - Cash flow from financing activities showed a net outflow of ¥18.21 million in Q1 2025, compared to a net inflow of ¥6.27 million in Q1 2024[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,015[9] - The largest shareholder, Hangzhou Xiaoshan Industrial Development Group Co., Ltd., holds 44.13% of the shares, totaling 180,056,250 shares[10] Operational Metrics - The company's inventory level rose to RMB 670,594,040.60 from RMB 594,322,154.97, representing an increase of approximately 12.83%[14] - Short-term borrowings increased to RMB 398,308,454.19 from RMB 319,762,319.78, marking a rise of about 24.56%[16] - Accounts receivable increased to RMB 607,938,597.75 from RMB 572,930,013.63, indicating a growth of approximately 6.13%[14] Research and Development - Research and development expenses increased to ¥31.80 million in Q1 2025, up 37.8% from ¥23.08 million in Q1 2024[19] - The company is investing 200 million yuan in R&D for new technologies aimed at improving product efficiency[24] Future Outlook - The company projects a revenue growth of 10% for the full year 2025, with an expected total revenue of 5 billion yuan[24] - New product launches are anticipated to contribute an additional 300 million yuan in revenue by Q3 2025[24] - Market expansion plans include entering two new international markets by the end of 2025, targeting a 5% market share in each[24] - A new marketing strategy is projected to increase brand awareness by 30% over the next year[24] - The company aims to reduce operational costs by 8% through efficiency improvements in the supply chain[24] - Future outlook remains positive, with a focus on sustainable growth and innovation in product offerings[24]