Financial Performance - The company's revenue for Q1 2025 reached ¥409,657,374.24, representing a 20.35% increase compared to ¥340,376,851.77 in the same period last year[5] - Net profit attributable to shareholders was ¥15,538,772.65, up 19.87% from ¥12,962,757.41 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 467.91% to ¥14,063,054.20 from ¥2,476,282.89 in the previous year[5] - The company's gross profit margin for Q1 2025 was 13.93%, an increase of 1.60 percentage points year-on-year[14] - Operating profit for the current period is 13,558,774.06, an increase from 12,024,493.71 in the previous period, representing a growth of approximately 12.8%[26] - Net profit for the current period is 14,014,408.21, compared to 12,962,757.41 in the previous period, reflecting an increase of about 8.1%[26] - Total comprehensive income for the current period is 13,983,667.47, compared to 12,953,666.76 in the previous period, indicating an increase of about 7.9%[27] Cash Flow - The net cash flow from operating activities improved significantly to ¥24,826,346.79, a 560.48% increase from a negative cash flow of ¥5,391,349.42 in the same quarter last year[5] - The net cash flow from financing activities improved by 127.21% to ¥1,788.23 million, mainly due to a reduction in the repayment of maturing bank loans[11] - Cash flow from operating activities showed a net increase of 24,826,346.79, a significant recovery from a net outflow of -5,391,349.42 in the previous period[30] - The company recorded a net cash outflow from investing activities of -30,660,502.05, worsening from -19,470,276.14 in the previous period[30] Assets and Liabilities - Total assets decreased by 3.62% to ¥2,911,999,219.63 from ¥3,021,411,234.82 at the end of the previous year[5] - The company’s total liabilities decreased from RMB 1,336 million to RMB 1,213 million, a decline of 9.2%[23] - Cash and cash equivalents decreased from RMB 391.91 million to RMB 379.48 million, a decline of 3.6%[21] - Accounts receivable decreased from RMB 689.42 million to RMB 638.73 million, a reduction of 7.4%[21] - The company’s retained earnings increased from RMB 298.45 million to RMB 313.32 million, reflecting a growth of 4.9%[23] Expenses - Management expenses rose by 30.12% to ¥1,738.58 million, primarily due to increased consulting service fees and amortization of long-term expenses[10] - Total operating costs rose to RMB 398.41 million, up from RMB 337.39 million, indicating a cost increase of 18.1%[25] - Research and development expenses increased to 20,772,737.77 from 19,017,306.47, marking a rise of about 9.2%[26] - The company reported a decrease in other income to 6,080,422.75 from 11,527,516.14, a decline of approximately 47.3%[26] Shareholder Actions - The company completed a share repurchase plan, acquiring 1,655,200 shares, which is 1.10% of the total share capital, at a total cost of approximately RMB 30 million[19] - The company has implemented a restricted stock incentive plan approved in February 2023[16] - The company granted 1,938,000 shares of restricted stock to 50 eligible participants on April 14, 2023, and an additional 200,000 shares to 16 participants on October 12, 2023[17] - As of the reporting period, the company has canceled a total of 889,600 shares of restricted stock that were granted but not vested[17] Project Developments - The company plans to invest CNY 2.34 billion in the PCB expansion project, which is currently under construction[15] - The company successfully acquired land use rights for approximately 63 acres for the PCB expansion project at a cost of CNY 39.65 million[15] - The production capacity utilization rate for the newly built PCB project reached over 87% in March 2025[14] - The order amount received during the reporting period increased by approximately 18% year-on-year[14]
金禄电子(301282) - 2025 Q1 - 季度财报