Financial Performance - Net profit attributable to shareholders decreased by 11.19% to CNY 9,437,934.19 for the first quarter of 2025[9] - Operating revenue for the first quarter of 2025 was CNY 95,931,221.36, reflecting a growth of 6.47% year-on-year[9] - Operating profit for Q1 2025 was ¥11,192,418.13, compared to ¥12,590,215.01 in Q1 2024, indicating a decrease of about 11.1%[41] - Net profit for Q1 2025 was ¥9,558,300.53, down from ¥10,597,781.54 in Q1 2024, reflecting a decline of approximately 9.8%[41] - The net profit for Q1 2025 was approximately ¥9.73 million, down from ¥10.86 million in Q1 2024, indicating a decrease of about 10.4%[42] Assets and Liabilities - Total assets increased by 9.77% to CNY 630,930,836.25 compared to the end of last year[9] - The company's asset-liability ratio (consolidated) rose to 25.62%, up from 20.01% at the end of the previous year[9] - Total current assets increased to ¥415,912,960.84 as of March 31, 2025, up from ¥384,057,885.75 on December 31, 2024, representing an increase of approximately 8.4%[34] - Total liabilities increased to ¥161,622,145.67 from ¥115,037,664.17, marking a rise of about 40.7%[36] - Current liabilities rose to ¥114,754,647.74 from ¥61,389,281.26, showing an increase of about 87%[39] Cash Flow - Cash flow from operating activities increased by 5.67% to CNY 5,834,663.91[9] - The net cash flow from operating activities for Q1 2025 was approximately ¥5.83 million, compared to ¥5.52 million in Q1 2024, showing an increase of about 5.0%[45] - Total cash inflow from operating activities was approximately ¥93.47 million in Q1 2025, compared to ¥86.28 million in Q1 2024, reflecting an increase of about 8.5%[44] - Net cash flow from operating activities increased to $9,361,755.01 from $5,866,058.13, representing a growth of 59.9% year-over-year[47] Shareholder Information - The total number of unrestricted shares increased from 41,335,182 (34.11%) to 87,873,202 (72.51%) during the reporting period[18] - The number of shares held by controlling shareholders and actual controllers rose from 6,344,576 (5.24%) to 51,069,096 (42.14%)[18] - The total number of shareholders holding common stock is 6,607[18] - The top shareholder, Xingtai Huiju Enterprise Management Co., Ltd., holds 37,304,730 shares, representing 30.78% of total shares[19] Contract Liabilities - Contract liabilities surged by 329.08% to CNY 22,480,394.15, indicating increased prepayments for rubber materials[11] - Contract liabilities surged to ¥22,480,394.15 from ¥5,239,154.27, reflecting a significant increase of approximately 328.5%[35] - The company reported a significant increase in contract liabilities, which rose to ¥22,455,692.82 from ¥5,141,555.59, representing a growth of approximately 336%[39] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, up 125.35% to CNY 112,282,942.24 due to new bank loans[10] - Cash and cash equivalents rose to ¥112,282,942.24 from ¥49,825,057.92, showing a significant increase of 125.0%[34] - Total cash and cash equivalents at the end of the period increased to $108,734,825.16 from $98,194,732.33, a rise of 10.5%[47] Research and Development - Research and development expenses for Q1 2025 were ¥7,516,458.76, compared to ¥6,443,841.32 in Q1 2024, an increase of about 16.6%[40] - Research and development expenses increased to approximately ¥7.33 million in Q1 2025 from ¥6.43 million in Q1 2024, representing an increase of about 13.9%[42] Other Financial Metrics - Non-recurring gains and losses for the period totaled CNY 3,010,877.06, with a net amount of CNY 2,559,244.01 after tax[14] - The weighted average return on net assets based on net profit attributable to shareholders decreased to 2.06% from 2.42% year-on-year[9] - The total equity attributable to shareholders rose to ¥463,089,804.00 from ¥453,651,869.81, an increase of approximately 2.9%[36]
华密新材(836247) - 2025 Q1 - 季度财报