Financial Performance - Operating revenue for the first quarter of 2025 was CNY 36,058,736.98, down 3.61% year-on-year[9] - Net profit attributable to shareholders for the first quarter of 2025 was CNY 1,821,654.96, an increase of 127.09% compared to the same period last year[9] - The total operating revenue for Q1 2025 was CNY 36,058,736.98, a decrease of 3.6% compared to CNY 37,408,861.71 in Q1 2024[33] - Total operating costs for Q1 2025 were CNY 37,899,187.57, down 13.4% from CNY 43,750,691.46 in Q1 2024[33] - Net profit for Q1 2025 was CNY 1,821,654.96, a significant recovery from a net loss of CNY 6,723,794.01 in Q1 2024[34] - Operating profit for Q1 2025 was CNY 2,064,710.76, compared to an operating loss of CNY 6,810,639.29 in Q1 2024[34] - Basic earnings per share for Q1 2025 were CNY 0.02, recovering from a loss of CNY 0.09 in Q1 2024[35] - Total comprehensive income for Q1 2025 was CNY 1,821,654.96, compared to a total comprehensive loss of CNY 6,723,794.01 in Q1 2024[34] Cash Flow and Investments - The net cash flow from operating activities reached CNY 29,000,676.72, representing a significant increase of 165.44% year-on-year[9] - In Q1 2025, the company generated operating cash inflow of ¥68,816,676.66, a significant increase from ¥12,915,113.55 in Q1 2024, representing a growth of approximately 431%[38] - The net cash flow from operating activities for Q1 2025 was ¥29,000,676.72, compared to a negative cash flow of ¥44,315,215.29 in Q1 2024, indicating a turnaround in performance[39] - The total cash outflow from operating activities in Q1 2025 was ¥39,815,999.94, down from ¥57,230,328.84 in Q1 2024, showing a reduction of about 30%[39] - The company reported a net cash increase of ¥20,389,551.22 in Q1 2025, contrasting with a net decrease of ¥46,862,007.50 in Q1 2024[39] - The company incurred investment cash outflows of ¥8,034,900.00 in Q1 2025, compared to ¥1,644,570.00 in Q1 2024, indicating a substantial increase in investment activities[39] - The net cash flow from investing activities for Q1 2025 was -¥7,963,023.28, compared to -¥1,644,570.00 in Q1 2024, highlighting increased investment expenditures[39] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 450,643,873.27, a decrease of 0.70% compared to the end of 2024[9] - The company's asset-liability ratio decreased to 40.52% from 41.44% at the end of 2024[9] - Total liabilities decreased from 188.04 billion to 182.60 billion, a decline of approximately 2.36%[28] - Current liabilities decreased from 139.80 billion to 134.55 billion, a decline of approximately 3.24%[27] - Non-current liabilities decreased from 48.25 billion to 48.05 billion, a decline of approximately 0.42%[28] - Shareholders' equity increased from 265.76 billion to 268.05 billion, an increase of approximately 0.86%[28] - Cash and cash equivalents increased to 120,883,847.28 yuan as of March 31, 2025, up from 100,494,296.06 yuan at the end of 2024[26] - The company’s inventory increased to 79,022,633.93 yuan as of March 31, 2025, compared to 64,336,370.62 yuan at the end of 2024[26] - Accounts receivable decreased by 42.17% to CNY 60,376,615.19, reflecting improved collection efforts[10] - Accounts receivable decreased to 60,376,615.19 yuan as of March 31, 2025, from 104,398,338.70 yuan at the end of 2024[26] Shareholder Information - The total number of ordinary shareholders was 5,111 as of the end of the reporting period[18] - The company reported a total of 45,754,724 shares held by the top ten shareholders, representing 59.83% of total shares[19] - The largest shareholder, Ningxia Shared Group, holds 17,725,240 shares, accounting for 23.18% of total shares[19] - The company has no pledged or judicially frozen shares among the top shareholders[20] Commitments and Legal Matters - The company has no ongoing litigation or arbitration matters[22] - The company has fulfilled all previously disclosed commitments without any overdue issues[23] - The company expects to purchase raw materials and services from related parties for no more than 2,000,000 yuan in 2025, with actual purchases in Q1 2025 amounting to 28,407.09 yuan[23] - As of March 31, 2025, the company has pledged assets worth 26,834,300 yuan, which is 5.95% of total assets[23] Credit and Impairment - The company reported a significant reduction in credit impairment losses by 1,114.84% to CNY 2,612,153.67, due to enhanced collection efforts[11] - The company reported a credit impairment loss of CNY 2,612,153.67 in Q1 2025, compared to a loss of CNY 257,395.28 in Q1 2024[34]
巨能股份(871478) - 2025 Q1 - 季度财报