嘉欣丝绸(002404) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,192,652,546.74, representing a 2.05% increase compared to ¥1,168,661,303.07 in the same period last year[5] - Net profit attributable to shareholders was ¥49,488,402.04, up 2.06% from ¥48,488,014.08 year-on-year[5] - The net profit for the first quarter of 2025 is not explicitly stated but is implied to be positive based on the increase in retained earnings to RMB 708,155,053.09 from RMB 658,666,651.05, a growth of approximately 7.5%[18] - Net profit for the current period was ¥51,418,266.54, slightly up from ¥51,169,677.73 in the previous period, reflecting a growth of 0.5%[20] - Total comprehensive income for the current period was ¥51,416,498.74, compared to ¥51,169,870.57 in the previous period, reflecting a slight increase of 0.5%[20] Cash Flow and Assets - The net cash flow from operating activities decreased by 39.02% to ¥143,886,509.30, down from ¥235,939,751.20 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥143,886,509.30, down from ¥235,939,751.20 in the previous period, indicating a decrease of 38.8%[22] - Cash and cash equivalents decreased to RMB 735,200,594.29 from RMB 776,209,650.96, a decline of approximately 5.5%[17] - Cash and cash equivalents at the end of the period totaled ¥569,384,477.25, down from ¥886,863,060.59 at the end of the previous period, a decrease of 35.8%[23] Assets and Liabilities - Total assets at the end of the reporting period increased by 3.07% to ¥3,470,074,823.50 from ¥3,366,793,502.41 at the end of the previous year[5] - Current assets totaled RMB 2,496,729,080.04, up from RMB 2,383,312,643.74, indicating a growth of about 4.73%[17] - Total liabilities increased to RMB 1,340,376,414.60 from RMB 1,278,857,592.25, marking an increase of about 4.82%[18] - Short-term borrowings rose to RMB 825,044,081.99 from RMB 673,105,875.20, an increase of approximately 22.5%[18] - The company's total equity reached RMB 2,129,698,408.90, up from RMB 2,087,935,910.16, reflecting an increase of about 2%[18] Investment and Financial Activities - The company reported a significant increase in trading financial assets, which rose by 664.06% to ¥304,717,376.00 due to investments in short-term financial products[9] - Investment income increased by 145.41% to ¥793,826.88, attributed to the distribution of certain investment projects[10] - The company experienced a 171.78% increase in credit impairment losses, amounting to ¥10,700,726.66, due to higher provisions for bad debts[10] - The company's financial expenses showed a net income of -¥5,060,319.32, compared to -¥3,766,920.34 in the previous period, indicating a worsening in financial performance[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,642[13] Operational Highlights - The company has not reported any new product launches or significant market expansion strategies in this quarter[16] - The first quarter report has not been audited[24] - The new accounting standards will be implemented starting in 2025[25]