Financial Performance - Operating revenue for the first quarter of 2025 was ¥82,736,897.61, representing a significant increase of 29.96% year-over-year[11] - Net profit attributable to shareholders for the first quarter of 2025 was a loss of ¥3,817,112.52, an improvement of 49.75% compared to the same period last year[11] - The total profit for the first quarter was a loss of ¥4,999,245.19, an increase of 50.24% compared to the previous year, driven by higher sales revenue[14] - The net loss for Q1 2025 was ¥3,817,112.52, an improvement from a net loss of ¥7,595,495.81 in Q1 2024, reflecting a reduction in losses of approximately 49.8%[42] - The total comprehensive income for Q1 2025 was a loss of ¥6,814,482.68, compared to a loss of ¥9,210,651.47 in Q1 2024, reflecting an improvement in overall financial performance[45] Assets and Liabilities - Total assets as of March 31, 2025, reached ¥499,855,700.48, a slight increase of 0.31% compared to the end of 2024[11] - The asset-liability ratio for the consolidated entity was 48.28%, up from 47.35% at the end of 2024[11] - Total liabilities as of March 31, 2025, were ¥241,306,457.39, up from ¥235,930,110.70 as of December 31, 2024, marking an increase of about 2.6%[37] - The company's total equity decreased to ¥258,549,243.09 as of March 31, 2025, from ¥262,359,410.68 as of December 31, 2024, representing a decline of approximately 1.4%[37] - Long-term borrowings increased significantly to ¥12,009,900.00 as of March 31, 2025, compared to ¥4,950,000.00 as of December 31, 2024, reflecting a growth of about 142%[36] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥21,225,036.11, a decrease of 7.25% compared to the previous year[11] - Cash and cash equivalents were reported at ¥38,256,856.92 as of March 31, 2025, down from ¥44,396,514.08 as of December 31, 2024, indicating a decrease of around 13.2%[35] - The cash flow from operating activities showed a net outflow of ¥21,225,036.11 in Q1 2025, slightly better than the outflow of ¥22,884,574.86 in Q1 2024[47] - The company reported cash inflows from financing activities of ¥71,400,000.00 in Q1 2025, compared to ¥34,589,582.61 in Q1 2024, indicating a significant increase of 106.5%[47] - The ending cash and cash equivalents balance was $15.11 million, down from $22.10 million last year[49] Shareholder Information - The total number of unrestricted shares at the end of the reporting period is 81,583,750, representing 51.87% of total shares[18] - The total number of restricted shares is 75,701,250, accounting for 48.13% of total shares[19] - The total share capital is 157,285,000 shares, with 6,286 shareholders[19] - The largest shareholder, Tang Xuwen, holds 98,700,000 shares, which is 62.75% of total shares[21] Other Financial Metrics - Basic and diluted earnings per share for Q1 2025 were both -¥0.02, compared to -¥0.05 in Q1 2024, showing an improvement in per-share loss[43] - The company reported a significant increase in research and development expenses, totaling ¥5,719,990.16 in Q1 2025, compared to ¥5,553,516.21 in Q1 2024, reflecting a year-over-year increase of approximately 3.0%[41] - The company incurred financial expenses of ¥606,451.05 in Q1 2025, a significant increase from ¥16,869.71 in Q1 2024, indicating a rise in interest costs[44] - The company has fulfilled all disclosed commitments without any violations[30] Legal and Regulatory Matters - The company is currently involved in a lawsuit with a total claim amount of RMB 152,244.51, with a judgment in favor of the company[27] - There are no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[23] - The company has restricted assets totaling RMB 92,814,602.63, which is 18.57% of total assets[32] - The company has no significant adverse impact on daily operations due to the restricted assets[32]
荣亿精密(873223) - 2025 Q1 - 季度财报