Financial Performance - The company's revenue for Q1 2025 was ¥138,104,695.11, a decrease of 19.00% compared to ¥170,496,806.34 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥2,222,053.06, representing a decline of 161.93% from a profit of ¥3,588,001.99 in the previous year[5] - The basic and diluted earnings per share were both -¥0.03, down 160.00% from ¥0.05 in the same period last year[5] - Net profit for the period was a loss of ¥962,019.47, compared to a profit of ¥4,646,388.87 in the previous period, indicating a significant downturn[21] - The company reported a loss attributable to shareholders of ¥2,222,053.06, compared to a profit of ¥3,588,001.99 in the prior year[22] Cash Flow - The net cash flow from operating activities decreased by 57.80%, amounting to ¥3,977,794.32 compared to ¥9,425,715.07 in the prior year[5] - Cash flow from operating activities generated ¥3,977,794.32, down from ¥9,425,715.07 in the previous period, a decrease of approximately 58%[23] - The company’s cash inflow from operating activities totaled ¥169,809,312.28, compared to ¥183,755,231.26 in the previous period[23] - The net cash inflow from investment activities was $223,895,307.10, a significant increase compared to $20,265,621.13 from the previous period[24] - The net increase in cash and cash equivalents was $225,975,680.91, compared to $28,154,966.88 previously[24] - The ending balance of cash and cash equivalents reached $479,042,895.81, up from $281,698,586.00[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,045,112,857.50, a decrease of 2.65% from ¥1,073,610,163.14 at the end of the previous year[5] - Current liabilities decreased to CNY 97,274,651.07 from CNY 124,464,563.64, a reduction of about 21.8%[17] - The total liabilities decreased to ¥110,245,086.48 from ¥137,780,372.65, a reduction of about 20%[18] - Total equity attributable to shareholders was ¥894,863,959.79, slightly down from ¥897,086,012.85[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,411[11] - The company has a significant shareholder, Wang Jian, holding 4.08% of shares, equivalent to 2,800,000 shares[13] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest being Shanghai Xianghe Yongyuan Equity Investment Partnership holding 9.91%[13] Operational Metrics - Cash and cash equivalents increased by 89.29% to ¥479,049,674.92, primarily due to the recovery of cash management funds[10] - The company recorded an asset impairment loss of ¥1,380,945.47, an increase of 253.36% compared to ¥390,803.32 in the previous year[10] - Accounts receivable decreased slightly to CNY 234,309,068.66 from CNY 239,568,770.04, indicating a reduction of about 2.5%[16] - Inventory decreased to CNY 68,146,564.33 from CNY 73,547,127.07, reflecting a decline of approximately 7.3%[16] - Research and development expenses were ¥4,082,640.06, a decrease from ¥4,725,346.01 year-over-year[20] Financial Reporting and Standards - The company did not undergo an audit for the first quarter report[25] - The company plans to implement new accounting standards starting in 2025[25] Other Financial Metrics - The weighted average return on net assets was -0.25%, down 0.65% from 0.40% in the previous year[5] - The company reported a financial expense of -¥903,622.80, an improvement from -¥1,391,315.06 in the previous period[20] - Total operating costs decreased to ¥137,770,961.48 from ¥165,243,373.41, reflecting a reduction of about 17% year-over-year[20] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[15] - There are no significant new strategies or product developments mentioned in the conference call[15]
翔腾新材(001373) - 2025 Q1 - 季度财报