万控智造(603070) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥405,557,893.26, a decrease of 6.53% compared to ¥433,875,270.35 in the same period last year[5] - Net profit attributable to shareholders increased by 36.00% to ¥9,282,255.20 from ¥6,825,086.00 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 48.94% to ¥8,853,924.38 compared to ¥5,944,529.03 in the previous year[5] - Basic and diluted earnings per share both increased by 36.00% to ¥0.023148 from ¥0.017020 year-on-year[5] - The total comprehensive income for Q1 2025 was CNY 9,234,315.56, up from CNY 6,054,895.77 in Q1 2024[17] - The total comprehensive income for the first quarter of 2025 was CNY 9,444,642.73, compared to CNY 12,900,564.44 in the first quarter of 2024, indicating a decrease[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,866,109,857.39, a decrease of 4.85% from ¥3,012,045,036.03 at the end of the previous year[6] - The equity attributable to shareholders increased by 0.44% to ¥2,135,064,163.25 from ¥2,125,782,563.13 at the end of the previous year[6] - Total current assets decreased from CNY 2,174,549,705.91 to CNY 1,857,852,517.04, a decline of approximately 14.5%[12] - Total liabilities decreased from CNY 880,927,114.53 to CNY 725,757,620.33, a reduction of about 17.6%[14] - Non-current assets increased from CNY 837,495,330.12 to CNY 1,008,257,340.35, an increase of approximately 20.4%[13] - The total assets of the company as of March 31, 2025, were CNY 2,358,949,631.29, a slight decrease from CNY 2,405,699,880.87 at the end of 2024[24] - The total liabilities amounted to CNY 601,682,345.57, down from CNY 657,877,237.88 in the previous year[24] Cash Flow - The net cash flow from operating activities was negative at -¥93,083,863.14, compared to -¥10,477,768.74 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was negative at CNY -93,083,863.14, compared to CNY -10,477,768.74 in Q1 2024[19] - The net cash flow from investment activities was negative CNY 302,734,594.46, compared to a positive CNY 248,969,267.13 in the previous period[20] - The net cash flow from operating activities for Q1 2025 was -CNY 147,407,878.81, a significant decline from CNY 94,462,402.09 in Q1 2024[27] - Cash inflow from operating activities totaled CNY 278,294,253.74 in Q1 2025, down 42.5% from CNY 484,189,819.79 in Q1 2024[27] - Cash outflow from operating activities increased to CNY 425,702,132.55 in Q1 2025, compared to CNY 389,727,417.70 in Q1 2024, reflecting a rise of 9.2%[27] Accounts Receivable and Payable - The company reported a significant increase in accounts receivable by 31.10%, attributed to the seasonal nature of sales in the first quarter[9] - Accounts receivable increased from CNY 676,229,197.17 to CNY 886,519,257.35, an increase of approximately 31.1%[12] - The company reported a decrease in accounts receivable to CNY 611,670,338.97 from CNY 465,638,321.25 year-over-year[23] - Accounts payable decreased from CNY 257,679,145.45 to CNY 231,738,548.78, a decline of about 10.1%[14] Cost Management - The company implemented cost reduction and quality improvement measures, leading to a decrease in expenses year-on-year[9] - Total operating costs for Q1 2025 were CNY 391,427,294.43, down 8.8% from CNY 429,409,004.85 in Q1 2024[16] - Research and development expenses for Q1 2025 were CNY 10,695,935.83, a decrease of 25.5% from CNY 14,325,244.84 in Q1 2024[16] - The company's R&D expenses for Q1 2025 were CNY 8,445,144.44, a decrease of 25.5% from CNY 11,340,894.03 in Q1 2024[26] Cash and Cash Equivalents - Cash and cash equivalents dropped significantly from CNY 790,127,425.48 to CNY 345,198,830.89, representing a decrease of about 56.3%[12] - The total cash and cash equivalents at the end of the period were CNY 140,069,330.26, a significant decrease from CNY 912,409,112.51 at the end of the previous year[20] - Total cash and cash equivalents at the end of Q1 2025 were CNY 74,322,557.73, a decrease from CNY 721,818,189.63 at the end of Q1 2024[28] Other Financial Metrics - The company recognized non-recurring gains of ¥1,531,600.00 from government subsidies related to normal business operations[7] - The company reported a financial asset impairment loss of CNY -7,057,172.26 in Q1 2025, compared to CNY -3,556,781.52 in Q1 2024[17] - The company maintained a minority shareholder loss of CNY -47,284.56 in Q1 2025, an improvement from CNY -770,190.23 in Q1 2024[17] - The company paid CNY 365,400,000.00 in other cash related to investment activities in Q1 2025[28] - The company is not applying new accounting standards or interpretations starting from 2025[28]