KENGIC(SH:688455)2025-04-25 14:43Financial Performance - The company's revenue for Q1 2025 was ¥154,438,226.20, representing a year-over-year increase of 2.34% compared to ¥150,907,101.15 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥43,456,374.12, worsening from a loss of ¥32,967,689.34 in the previous year[4] - Total operating costs for Q1 2025 were CNY 206,696,827.56, up from CNY 200,099,524.49 in Q1 2024, reflecting a 3.3% increase[21] - Net loss for Q1 2025 was CNY 43,456,374.12, compared to a net loss of CNY 32,967,689.34 in Q1 2024, representing a 31.1% increase in losses[22] - The total comprehensive loss for Q1 2025 was CNY -43,451,697.43, compared to CNY -33,113,668.93 in Q1 2024[23] Cash Flow - The net cash flow from operating activities was a negative ¥186,340,031.85, compared to a negative ¥109,720,489.96 in the same period last year[4] - Operating cash inflow for Q1 2025 was CNY 326,338,323.30, down from CNY 366,191,932.75 in Q1 2024, indicating a decrease of 10.9%[25] - Cash flow from operating activities showed a net outflow of -186,340,031.85, compared to -109,720,489.96 in the previous period, indicating a decline in operational cash generation[26] - Cash flow from investing activities resulted in a net outflow of -266,699,725.78, a significant decrease from a net inflow of 57,218,749.20 previously, reflecting increased investment expenditures[26] - Cash flow from financing activities generated a net inflow of 97,148,623.29, contrasting with a net outflow of -12,988,865.94 in the prior period, highlighting improved financing activities[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,946,390,895.44, an increase of 1.21% from ¥2,911,203,896.43 at the end of the previous year[5] - Total liabilities as of the reporting date were CNY 2,021,053,273.34, an increase from CNY 1,868,860,847.11 in the previous period[18] - The company’s total current liabilities amounted to CNY 1,922,661,826.60, an increase from CNY 1,811,860,030.91 in the previous year[18] - Total equity attributable to shareholders decreased to CNY 925,337,622.10 from CNY 1,042,343,049.32, a decline of 11.2%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,253, with no preferred shareholders with restored voting rights[11] - The company has no significant changes in the shareholding structure among the top 10 shareholders compared to the previous period[13] - The company has not issued any new shares or engaged in significant financing activities during the reporting period[13] Research and Development - Research and development expenses totaled ¥24,808,844.12, accounting for 16.06% of revenue, slightly up from 16.04% in the previous year[5] - Research and development expenses for Q1 2025 were CNY 24,808,844.12, slightly up from CNY 24,211,769.88 in Q1 2024[22] Orders and Backlog - As of the end of Q1 2025, the company has a total order backlog of RMB 3.191 billion, with overseas orders amounting to RMB 2.015 billion[14] - The new orders signed in Q1 2025 reached RMB 983 million, representing a 90.56% increase compared to the same period last year, with overseas orders contributing RMB 626 million, up 95.44% year-over-year[14] Financial Position - The company maintains a stable financial position with no audit opinion issues reported for the financial statements[15] - The company's cash and cash equivalents decreased from RMB 625.88 million at the end of 2024 to RMB 260.41 million by March 31, 2025[15] - The total cash and cash equivalents at the end of the period decreased to 199,663,393.03 from 386,844,246.84, indicating a reduction in liquidity[27] - The company received 245,000,000.00 in cash from borrowings, a substantial increase from 10,000,000.00 in the previous period, reflecting enhanced financing capabilities[26] Inventory and Receivables - The company's inventory rose from RMB 743.51 million at the end of 2024 to RMB 759.57 million by March 31, 2025[16] - The company's accounts receivable decreased slightly from RMB 417.42 million at the end of 2024 to RMB 413.31 million by March 31, 2025[16] - The company reported a total of RMB 421.16 million in trading financial assets as of March 31, 2025, compared to RMB 229.67 million at the end of 2024[15] Labor Costs - The cash paid for employee compensation increased to 85,264,643.64 from 71,686,377.79, indicating rising labor costs[26]