Financial Performance - Operating revenue for Q1 2025 was CNY 104,551,042.30, representing a 30.40% decrease from CNY 150,223,109.83 in Q1 2024[10] - Net profit attributable to shareholders for Q1 2025 was CNY 5,368,328.47, down 47.89% from CNY 10,300,990.15 in the same period last year[10] - The company reported a 72.41% decrease in other income, totaling CNY 655,017.44, primarily due to reduced government subsidies[12] - Total operating revenue for Q1 2025 was ¥104,551,042.30, a decrease from ¥150,223,109.83 in Q1 2024, representing a decline of approximately 30.4%[34] - Total operating costs for Q1 2025 were ¥97,883,548.78, down from ¥139,488,894.36 in Q1 2024, indicating a reduction of about 29.8%[34] - Net profit for Q1 2025 was ¥5,355,030.52, compared to ¥10,300,990.15 in Q1 2024, reflecting a decrease of approximately 48.0%[35] - The total profit for Q1 2025 was ¥6,189,865.30, down from ¥11,718,011.82 in Q1 2024, reflecting a decline of approximately 47.3%[35] - The company’s total comprehensive income for Q1 2025 was ¥5,355,030.52, compared to ¥10,300,990.15 in Q1 2024, indicating a decrease of about 48.0%[35] Cash Flow - The net cash flow from operating activities was negative CNY 1,707,875.95, a significant decline of 1,148.87% compared to negative CNY 136,754.07 in Q1 2024[10] - In Q1 2025, the company generated cash inflows from operating activities amounting to CNY 108,174,619.03, a decrease of 22.7% compared to CNY 139,888,476.04 in Q1 2024[39] - The net cash outflow from operating activities in Q1 2025 was CNY -1,707,875.95, compared to a much smaller outflow of CNY -136,754.07 in Q1 2024[39] - Cash outflows for purchasing goods and services in Q1 2025 totaled CNY 81,113,914.11, down from CNY 108,770,954.13 in Q1 2024, indicating a reduction of 25.5%[39] - The net cash flow from investing activities in Q1 2025 was CNY -1,069,880.98, compared to CNY -26,411,115.92 in Q1 2024, showing a significant decrease in cash outflow[41] - Cash outflows for financing activities in Q1 2025 were CNY 66,784.03, compared to CNY 16,425,390.70 in Q1 2024, indicating a drastic reduction in financing costs[41] - The company's cash and cash equivalents at the end of Q1 2025 stood at CNY 132,642,276.69, a decrease from CNY 145,506,464.34 at the end of Q1 2024[41] - The net increase in cash and cash equivalents for Q1 2025 was CNY -2,815,617.80, compared to a much larger decrease of CNY -42,973,047.01 in Q1 2024[41] - The company reported a net cash flow from operating activities of CNY 12,175,164.01 in Q1 2025, a significant increase from CNY 4,089,022.47 in Q1 2024[42] - The cash inflow from operating activities for the parent company in Q1 2025 was CNY 68,354,905.51, down from CNY 78,107,682.82 in Q1 2024, reflecting a decline of 12.4%[42] - The cash outflow for purchasing goods and services by the parent company in Q1 2025 was CNY 38,307,751.92, compared to CNY 54,849,123.61 in Q1 2024, indicating a reduction of 30.3%[43] Assets and Liabilities - Total assets as of March 31, 2025, reached CNY 583,490,462.67, a 0.62% increase compared to the end of 2024[10] - The total liabilities to total assets ratio (consolidated) improved to 11.77% from 12.25% year-over-year[10] - Total assets increased to ¥583,490,462.67 from ¥579,883,435.72, reflecting a growth of approximately 1.05%[29] - Total liabilities decreased to ¥68,671,348.03 from ¥71,064,419.11, a reduction of about 3.43%[30] - Shareholders' equity rose to ¥514,819,114.64 from ¥508,819,016.61, indicating an increase of approximately 1.57%[30] - Current liabilities totaled ¥67,486,348.03, down from ¥69,484,419.11, a decrease of about 2.87%[29] - Non-current assets amounted to ¥220,077,460.51, slightly down from ¥224,483,566.22, a decline of approximately 1.96%[29] - The total liabilities and shareholders' equity amounted to ¥583,490,462.67, consistent with total assets, indicating a balanced financial position[30] Shareholder Information - The number of ordinary shareholders as of the report date was 4,727[16] - The total number of shares held by the top ten shareholders is 45,863,473, representing 51.39% of the total share capital[18] - The largest shareholder, Party Tuli, holds 23.41% of the shares, totaling 20,897,239 shares[18] - The company repurchased 843,286 shares, accounting for 0.94% of the total share capital, with a total expenditure of ¥5,915,555.21, representing 65.73% of the planned repurchase fund limit[22] Operational Metrics - The company's gross profit margin decreased due to reduced sales volume and pricing pressures from geopolitical factors affecting exports[12] - The company experienced a 40.34% decrease in contract assets, attributed to a reduction in warranty deposits[11] - Basic and diluted earnings per share for Q1 2025 were both ¥0.06, down from ¥0.12 in Q1 2024[36] - Operating profit for Q1 2025 was ¥6,174,938.81, a decline from ¥11,868,454.96 in Q1 2024, representing a decrease of about 47.9%[35] - Research and development expenses for Q1 2025 were ¥2,327,054.94, slightly down from ¥2,865,089.23 in Q1 2024, indicating a reduction of approximately 18.7%[34] - The company reported a credit impairment loss of ¥-1,115,577.99 in Q1 2025, compared to a loss of ¥-1,240,193.18 in Q1 2024, showing an improvement[35] - Other income for Q1 2025 was ¥655,017.44, significantly lower than ¥2,374,432.67 in Q1 2024, indicating a decrease of about 72.5%[34] Legal and Compliance - The company has no significant litigation or arbitration matters reported during the period[21] - There are no new commitments or overdue commitments reported during the period[23] - The company has not pledged or frozen any assets during the reporting period[21]
万德股份(836419) - 2025 Q1 - 季度财报