Tony Tech(SH:603595)2025-04-25 10:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 428,359,691.91, representing a 4.64% increase compared to CNY 409,366,869.21 in the same period last year[3]. - Net profit attributable to shareholders decreased by 15.40% to CNY 10,886,655.57 from CNY 12,867,632.33 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,492,637.21, a significant turnaround from a loss of CNY 26,417,921.34 in the previous year, marking a 120.79% increase[3]. - Basic and diluted earnings per share decreased by 16.67% to CNY 0.05 from CNY 0.06 year-on-year[3]. - Net profit for Q1 2025 was CNY 7,452,059.00, compared to CNY 1,577,204.62 in Q1 2024, indicating a significant improvement[16]. Cash Flow and Liquidity - The net cash flow from operating activities dropped by 81.42% to CNY 34,900,714.85, down from CNY 187,842,200.80 in the same period last year[3]. - The company's cash flow from operating activities for Q1 2025 showed a positive trend, contributing to improved liquidity[17]. - Operating cash inflow for Q1 2025 was CNY 441,922,136.02, a decrease of 16.2% from CNY 527,858,705.72 in Q1 2024[19]. - Net cash flow from operating activities for Q1 2025 was CNY 34,900,714.85, down 81.6% compared to CNY 187,842,200.80 in Q1 2024[19]. - Total cash outflow for operating activities in Q1 2025 was CNY 407,021,421.17, an increase of 19.7% from CNY 340,016,504.92 in Q1 2024[19]. - Cash and cash equivalents at the end of Q1 2025 were CNY 50,530,322.52, down 45.0% from CNY 92,055,091.95 at the end of Q1 2024[20]. - The net increase in cash and cash equivalents for Q1 2025 was -CNY 99,813,738.40, compared to -CNY 68,720,275.86 in Q1 2024[20]. Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 4,975,002,212.03, a decrease of 2.22% from CNY 5,087,787,899.74 at the end of the previous year[5]. - The company's total assets decreased to CNY 4,975,002,212.03 from CNY 5,087,787,899.74 year-over-year[14]. - Total liabilities decreased to CNY 3,216,083,425.00 from CNY 3,336,321,171.71 year-over-year[13]. - Current liabilities increased to CNY 2,717,551,865.77 from CNY 2,674,955,582.96 year-over-year[13]. - The total equity attributable to shareholders increased to CNY 1,574,834,900.58 from CNY 1,563,948,245.01 year-over-year[13]. Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 429,471,931.29, up from CNY 416,189,800.77 in Q1 2024, reflecting a rise of 3.1%[15]. - Research and development expenses for Q1 2025 were CNY 34,815,064.91, down from CNY 61,280,098.51 in Q1 2024, indicating a strategic focus on cost management[15]. Government Support and Tax - The company received government subsidies amounting to CNY 7,349,745.18, which positively impacted the net profit[6]. - Tax refunds received in Q1 2025 were CNY 16,026,337.34, a significant increase from CNY 4,719,250.40 in Q1 2024[19]. Inventory Management - Inventory at the end of Q1 2025 was CNY 618,975,970.39, an increase from CNY 588,700,770.56 at the end of the previous year[11]. - The company reported a significant reduction in inventory impairment provisions, contributing to the improved net profit after deducting non-recurring gains and losses[6]. Financing Activities - Cash outflow from investing activities for Q1 2025 was CNY 51,475,791.93, a decrease of 33.7% from CNY 77,694,584.42 in Q1 2024[20]. - Net cash flow from financing activities for Q1 2025 was -CNY 84,399,070.45, an improvement from -CNY 181,798,565.89 in Q1 2024[20]. - Cash inflow from borrowing in Q1 2025 was CNY 242,500,000.00, significantly higher than CNY 95,500,000.00 in Q1 2024[20]. - Cash outflow for paying dividends and interest in Q1 2025 was CNY 21,569,447.10, compared to CNY 28,647,782.61 in Q1 2024[20].