五方光电(002962) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥272,419,465.39, representing a 2.31% increase compared to ¥266,272,922.28 in the same period last year[3] - Net profit attributable to shareholders decreased by 48.15% to ¥11,085,241.46 from ¥21,380,457.67 year-on-year[3] - Total operating revenue for the current period reached ¥272,419,465.39, an increase of 2.9% compared to ¥266,272,922.28 in the previous period[19] - Net profit for the current period was ¥10,910,494.02, a decrease of 49.3% from ¥21,517,785.81 in the previous period[20] - Earnings per share (basic and diluted) for the current period were both ¥0.04, down from ¥0.07 in the prior period[20] Cash Flow - The net cash flow from operating activities improved significantly to ¥21,203,173.37, a 362.50% increase from -¥8,077,408.16 in the previous year[3] - The company reported a significant increase in cash received from operating activities, totaling ¥18,023,388.31, a 264.01% rise from ¥4,951,375.91[9] - Cash flow from operating activities was ¥197,859,185.70, a decline from ¥226,917,666.47 in the previous period[22] - Cash inflow from operating activities was $218,020,759.35, while cash outflow was $196,817,585.98, leading to a net cash inflow from operations[23] - Total cash inflow from financing activities was $88,648,339.80, while cash outflow amounted to $124,165,687.84, resulting in a net cash flow of -$35,517,348.04[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,157,542,695.16, up 1.66% from ¥2,122,236,671.17 at the end of the previous year[3] - Accounts receivable increased by 64.02% to ¥157,519,672.78, primarily due to higher sales revenue[8] - The total current liabilities decreased from RMB 85,701,416.85 to RMB 55,042,486.12, a reduction of about 35.8%[17] - Total liabilities increased to ¥321,688,387.82, compared to ¥292,810,026.39 in the previous period[18] - The company’s total liabilities decreased from RMB 1,463,511,985.17 to RMB 1,510,770,457.27, reflecting a change in financial structure[17] Shareholder Actions - The company repurchased shares, resulting in treasury stock increasing by 80.19% to ¥10,072,797.96[8] - The company plans to repurchase shares using its own funds, with a total amount not less than RMB 30 million and not exceeding RMB 50 million, at a price not exceeding RMB 16.00 per share[14] - The company has repurchased a total of 750,000 shares, accounting for 0.26% of the total share capital, with a total transaction amount of RMB 10,069,777.00[14] Research and Development - Research and development expenses rose by 30.72% to ¥14,952,867.71, driven by increased investment in new projects[9] - Research and development expenses for the current period were ¥14,952,867.71, an increase from ¥11,438,518.49 in the previous period[19] Other Financial Metrics - The weighted average return on equity decreased to 0.61% from 1.16% year-on-year, reflecting lower profitability[3] - The company reported a financial expense of -¥9,548,370.97, compared to -¥4,794,260.30 in the previous period, indicating a higher cost of financing[19] - Deferred income tax liabilities decreased slightly to ¥732,795.67 from ¥760,837.11 in the previous period[18] Inventory and Investments - The company’s inventory slightly increased to RMB 169,553,176.49 from RMB 168,626,847.97[16] - The company’s long-term equity investments remained stable at RMB 29,374,984.66[17] - The company’s non-current assets totaled RMB 646,772,237.89, down from RMB 658,724,686.00[17] Cash and Equivalents - The company’s cash and cash equivalents decreased to RMB 1,100,102,600.79 from RMB 1,122,937,408.92[16] - Cash and cash equivalents at the end of the period totaled $1,032,923,800.43, down from $1,054,897,914.47 at the beginning of the period[24] Audit Status - The company has not yet audited its first-quarter report for the year[25]