久日新材(688199) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥356,042,647.47, a slight decrease of 0.15% compared to ¥356,579,059.96 in the same period last year[3] - The net profit attributable to shareholders of the listed company was -¥10,524,330.01, compared to -¥4,389,764.71 in the previous year, indicating a significant decline[3] - The net cash flow from operating activities was -¥48,196,243.48, worsening from -¥38,894,959.67 in the same period last year[3] - The basic earnings per share were -¥0.07, compared to -¥0.04 in the same period last year, reflecting the decline in profitability[4] - Net profit for Q1 2025 was a loss of CNY 11,314,593.14, compared to a loss of CNY 4,106,007.28 in Q1 2024, representing an increase in loss of 176.5%[22] - The company reported a basic and diluted earnings per share of CNY -0.07 for Q1 2025, compared to CNY -0.03 in Q1 2024[23] - The company reported a total comprehensive loss of CNY -10,294,248.96 for Q1 2025, compared to a loss of CNY -10,061,914.50 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,926,092,638.95, reflecting a decrease of 2.12% from ¥4,011,278,629.43 at the end of the previous year[4] - Total current assets as of March 31, 2025, amount to ¥1,568,327,461.75, a decrease from ¥1,642,058,832.97 on December 31, 2024[16] - Total liabilities decreased to ¥1,276,938,867.58 from ¥1,353,075,636.87[18] - Current liabilities totaled ¥1,004,336,454.84, down from ¥1,057,395,234.02[18] - Long-term borrowings decreased to ¥179,975,000.01 from ¥200,700,000.02[18] - The company reported a total asset value of ¥3,926,092,638.95, down from ¥4,011,278,629.43[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -48,196,243.48 in Q1 2025, worsening from CNY -38,894,959.67 in Q1 2024[24] - The net cash flow from investment activities was $66,557,492.39, an increase from $47,985,561.39 in the previous period, reflecting a positive trend in investment returns[25] - Cash inflow from financing activities totaled $379,184,986.11, up from $274,204,840.07, indicating a significant increase in financing efforts[25] - The net cash flow from financing activities was $15,617,742.62, a decrease from $69,185,419.34, suggesting a reduction in net financing gains[25] - The total cash and cash equivalents at the end of the period amounted to $576,740,190.96, down from $621,966,695.51, indicating a decline in liquidity[25] Research and Development - Research and development expenses totaled ¥16,483,798.28, down 17.15% from ¥19,897,054.80, and accounted for 4.63% of operating revenue, a decrease of 0.95 percentage points[4] - Research and development expenses were CNY 16,483,798.28, down 17.9% from CNY 19,897,054.80 in Q1 2024[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,307[13] - The largest shareholder, Zhao Guofeng, holds 29,459,697 shares, representing 18.27% of total shares[13] - The number of shares held by the top ten shareholders remains unchanged, indicating stability in shareholder structure[14] Financial Challenges - The company is facing challenges due to low-price orders signed in previous periods, which have affected revenue stability despite production line expansions[9] - The company experienced a fixed asset increase, with the original value rising compared to the previous year, impacting net profit negatively due to increased depreciation expenses[9] Other Financial Metrics - Non-recurring gains and losses totaled ¥480,264.40, with significant contributions from government subsidies and fair value changes of financial assets[8] - The weighted average return on net assets was -0.41, compared to -0.17 in the previous year, indicating a decline in profitability[4] - The company incurred financial expenses of CNY 3,388,506.82, significantly higher than CNY 1,446,028.28 in the previous year[21] - Other comprehensive income after tax was CNY 1,020,344.18, a recovery from a loss of CNY -5,955,907.22 in the previous year[22] Accounting and Reporting - The company did not apply new accounting standards starting from 2025, maintaining consistency in financial reporting[26] - The board of directors announced the financial results on April 26, 2025, indicating ongoing transparency in financial communications[27]