GRIPM(SH:688456)2025-04-25 13:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 795,686,885.14, representing a year-on-year increase of 20.34% compared to CNY 661,188,774.72 in the same period last year[3] - The net profit attributable to shareholders was CNY 10,336,836.90, up 5.71% from CNY 9,778,867.36 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 36.01%, reaching CNY 8,414,113.46 compared to CNY 6,186,262.87 last year[3] - Basic and diluted earnings per share were both CNY 0.10, reflecting an increase of 11.11% from CNY 0.09 in the previous year[5] - The company reported a total comprehensive income of ¥13,807,694.14 for Q1 2025, up from ¥7,585,040.74 in Q1 2024[19] - Total operating profit for Q1 2025 was a loss of CNY 5,246,500.71, compared to a loss of CNY 3,899,045.36 in Q1 2024, indicating a deterioration in performance[31] - Total comprehensive income for Q1 2025 was a loss of CNY 5,246,815.22, compared to a loss of CNY 3,899,344.46 in Q1 2024, indicating a decline in overall financial health[31] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -123,313,930.37, a decline of 61.91% from CNY -76,162,018.24 in the same period last year[3] - The company's cash and cash equivalents decreased to CNY 85,902,429.91 from CNY 291,062,516.78, indicating a decline of about 70.5%[13] - The total cash and cash equivalents at the end of the period were CNY 85,088,925.73, down from CNY 153,229,488.93 at the end of the previous year[24] - Cash inflow from financing activities in Q1 2025 resulted in a net outflow of CNY 149,537,480.05, compared to a net outflow of CNY 74,482,679.12 in Q1 2024, indicating increased financing pressure[33] - The ending cash and cash equivalents balance for Q1 2025 was CNY 62,113,334.33, down from CNY 102,985,475.26 in Q1 2024, reflecting a decrease of approximately 39.6%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,749,778,392.98, a 1.60% increase from CNY 1,722,255,998.11 at the end of the previous year[5] - Current assets totaled CNY 1,231,968,519.38, compared to CNY 1,202,186,636.05 in the previous period, reflecting a growth of approximately 2.3%[13] - Total current liabilities were CNY 470,157,840.98, up from CNY 457,760,028.33, indicating a rise of approximately 1.7%[14] - The total liabilities rose to ¥514,265,800.47, up from ¥500,450,805.14[15] - The total non-current assets were CNY 517,809,873.60, slightly down from CNY 520,069,362.06[14] - The company reported a total equity of CNY 1,279,620,552.00, reflecting a stable financial position[14] Research and Development - Research and development expenses totaled CNY 22,138,720.51, a decrease of 10.21% from CNY 24,656,355.62 in the previous year, with R&D expenses accounting for 2.78% of operating revenue, down from 3.73%[5] - The company incurred R&D expenses of CNY 842,669.52 in Q1 2025, significantly higher than CNY 218,073.64 in Q1 2024, indicating a focus on innovation[30] Sales and Marketing - The increase in net profit attributable to shareholders after deducting non-recurring gains and losses was primarily driven by a rise in sales volume and operating profit[8] - The company reported a significant decrease in cash received from sales, totaling CNY 961,274.20 in Q1 2025, down from CNY 1,435,146.59 in Q1 2024, representing a decline of approximately 32.9%[32] - The company reported a significant increase in sales expenses to CNY 89,556.88 from CNY 25,337.18 year-over-year, suggesting higher marketing efforts[30] Other Financial Metrics - The weighted average return on equity was 0.85%, slightly up from 0.84% in the previous year[5] - The company reported non-recurring gains of CNY 1,922,723.44, after accounting for tax and minority interests[7] - Other comprehensive income after tax for Q1 2025 was ¥3,197,653.73, compared to a loss of ¥2,334,441.74 in Q1 2024[19]