禾川科技(688320) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥229,502,682.51, representing an increase of 11.77% compared to ¥205,331,124.92 in the same period last year[4] - The net profit attributable to shareholders was -¥26,939,053.18, a decline from -¥15,009,153.56 year-on-year, indicating a worsening financial performance[4] - The net cash flow from operating activities was -¥37,090,493.29, an improvement from -¥55,668,538.08 in the previous year[4] - Net loss for Q1 2025 was ¥28,927,339.99, compared to a net loss of ¥16,868,177.89 in Q1 2024, representing a deterioration of 71.5%[17] - The company's total equity attributable to shareholders decreased to ¥1,292,501,120.68 from ¥1,317,108,191.64[15] Research and Development - Research and development expenses totaled ¥31,848,313.36, down 23.92% from ¥41,860,887.24, with R&D expenses accounting for 13.88% of operating revenue, a decrease of 6.51 percentage points[5] - Research and development expenses for Q1 2025 were ¥31,848,313.36, a decrease of 23.9% from ¥41,860,887.24 in Q1 2024[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,991,042,899.85, reflecting a slight increase of 1.04% from ¥1,970,457,135.08 at the end of the previous year[5] - Current assets totaled RMB 1,266,670,090.58, up from RMB 1,237,076,539.37, indicating an increase of about 2.7%[13] - Accounts receivable increased to RMB 520,360,274.44 from RMB 457,564,870.53, representing a growth of approximately 13.7%[12] - Inventory decreased to RMB 375,157,081.60 from RMB 394,649,961.03, showing a decline of about 5%[13] - Total liabilities rose to RMB 700,130,630.93 from RMB 660,336,602.37, marking an increase of approximately 6%[14] - Non-current assets totaled RMB 724,372,809.27, slightly down from RMB 733,380,595.71, indicating a decrease of about 1%[13] Cash Flow - Cash inflow from operating activities in Q1 2025 was ¥163,540,315.70, compared to ¥113,238,956.03 in Q1 2024, reflecting a growth of 44.4%[21] - The total cash outflow from operating activities was 200,630,808.99, compared to 168,907,494.11 previously[22] - Cash received from investment recovery was 60,000,000.00, up from 30,000,000.00 previously[22] - Cash inflow from investment activities totaled 93,689,126.39, significantly higher than 30,230,512.68 in the prior period[22] - The net cash flow from investment activities was 24,384,193.35, recovering from -85,696,360.95 previously[22] - Total cash inflow from financing activities was 9,763,603.23, down from 67,321,375.75 in the last period[22] - The net cash flow from financing activities was 2,299,002.24, a decrease from 72,804,025.57[22] - The ending cash and cash equivalents balance was 82,665,598.33, down from 124,357,005.33 at the beginning of the period[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,739[8] - The largest shareholder, Wang Xiangbin, holds 14.82% of the shares, totaling 22,380,658 shares[9] Other Income and Expenses - The company reported non-recurring gains of ¥15,203,193.12, primarily from government subsidies and asset disposals[7] - The company reported a significant increase in other income to ¥16,503,120.42 in Q1 2025, compared to ¥4,816,179.84 in Q1 2024[17] - Other comprehensive income after tax for Q1 2025 was -¥24,018.24, with no prior year figure reported[17] Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[23]