RICHEN(603755)2025-04-25 12:45Financial Performance - The company's revenue for Q1 2025 reached ¥101,386,200.03, representing a 10.50% increase compared to ¥91,754,160.40 in the same period last year[4] - Net profit attributable to shareholders was ¥17,662,078.98, a significant increase of 36.86% from ¥12,904,905.27 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,570,934.99, reflecting a 44.87% increase from ¥12,128,969.00 in the previous year[4] - Basic earnings per share rose to ¥0.1817, up 38.81% from ¥0.1309 in the same quarter last year[4] - Operating profit for Q1 2025 was RMB 20,821,411.55, compared to RMB 15,180,942.63 in Q1 2024, indicating a growth of 37.4%[18] - The net profit for Q1 2025 reached ¥17,662,078.98, an increase of 37.5% compared to ¥12,904,905.27 in Q1 2024[19] - Basic and diluted earnings per share for Q1 2025 were both ¥0.1817, compared to ¥0.1309 in Q1 2024, reflecting a 38.7% increase[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,034,391,467.37, a 3.14% increase from ¥1,002,928,924.49 at the end of the previous year[5] - Total assets increased to RMB 1,034,391,467.37 from RMB 1,002,928,924.49, reflecting a growth of 3.1%[15] - Total liabilities rose to RMB 313,128,529.07 from RMB 275,029,644.92, an increase of 13.8%[15] - Shareholders' equity decreased to RMB 721,262,938.30 from RMB 727,899,279.57, a decline of 0.9%[15] Cash Flow - The net cash flow from operating activities decreased by 25.24% to ¥12,319,204.93 from ¥16,478,364.17 in the same period last year[4] - The operating cash flow for Q1 2025 was ¥12,319,204.93, a decrease of 25.9% from ¥16,478,364.17 in Q1 2024[21] - The total cash inflow from operating activities in Q1 2025 was ¥124,437,656.65, compared to ¥114,563,250.48 in Q1 2024, indicating a growth of 8.3%[21] - The company incurred total cash outflows from operating activities of ¥112,118,451.72 in Q1 2025, up from ¥98,084,886.31 in Q1 2024, representing a 14.3% increase[21] - The cash flow from investment activities in Q1 2025 was negative at -¥36,456,749.33, compared to a positive cash flow of ¥11,918,116.26 in Q1 2024[22] - The total cash outflow for financing activities in Q1 2025 was ¥85,690,239.78, compared to ¥16,499,752.44 in Q1 2024, indicating a substantial increase of 419.5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,183[8] - The largest shareholder, Qingdao Boya Investment Holding Co., Ltd., holds 49.50% of the shares, with 48,810,000 shares pledged[9] Government Subsidies - The company received government subsidies amounting to ¥101,166.82, which are closely related to its normal operations[6] Other Financial Metrics - The weighted average return on equity increased by 0.63 percentage points to 2.45%[4] - Total operating costs for Q1 2025 were RMB 82,043,879.83, up from RMB 78,423,464.65 in Q1 2024, reflecting a year-over-year increase of 8.3%[18] - Cash and cash equivalents decreased to RMB 144,586,257.76 as of March 31, 2025, down from RMB 162,729,120.98 at the end of 2024, a decline of 11.1%[13] - Accounts receivable decreased to RMB 64,797,930.97 from RMB 75,883,220.52, representing a reduction of 14.6%[13] - Inventory as of March 31, 2025, was RMB 31,576,717.55, down from RMB 36,412,148.20, a decrease of 13.2%[13] - The company completed the acquisition of 100% equity in Jiaxing Aibeibang Food Co., Ltd. for RMB 23.5 million, effective from March 31, 2025[11] - The company raised ¥94,795,710.00 through borrowings in Q1 2025, compared to ¥57,226,775.00 in Q1 2024, showing a significant increase of 65.5%[22]