Northglass(SZ:002613)2025-04-25 16:55Revenue and Profitability - Revenue for Q1 2025 was CNY 375.74 million, a decrease of 7.15% compared to CNY 404.68 million in the same period last year[5] - Net profit attributable to shareholders decreased by 48.94% to CNY 22.52 million from CNY 44.10 million year-on-year[5] - Basic and diluted earnings per share fell by 56.48% to CNY 0.0205 from CNY 0.0471 in the previous year[5] - Total operating revenue decreased to ¥375,744,860.36 from ¥404,675,167.75, a decline of approximately 7.5% year-over-year[44] - Net profit for the period was ¥20,812,720.38, down from ¥44,194,841.71, representing a decline of approximately 53.1% year-over-year[45] - Earnings per share decreased to ¥0.0205 from ¥0.0471, reflecting a significant drop in profitability[45] Cash Flow and Financial Position - Operating cash flow turned negative at CNY -100.58 million, a decline of 316.78% compared to CNY 46.40 million in the same period last year[5] - Cash and cash equivalents saw a net decrease of 463.36% year-on-year, primarily due to reduced operating cash flow[35] - Total cash inflow from operating activities was 260,062,774.95 CNY, down 22% from 332,709,452.28 CNY year-over-year[46] - Cash outflow from operating activities increased to 360,640,687.31 CNY, compared to 286,313,556.75 CNY in the previous period, marking a 26% rise[46] - The ending balance of cash and cash equivalents was 364,727,564.22 CNY, down from 459,987,445.61 CNY in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3.09 billion, a slight decrease of 0.62% from CNY 3.11 billion at the end of the previous year[5] - Total liabilities decreased to ¥831,288,894.41 from ¥872,653,901.29, a reduction of about 4.7%[43] - Owner's equity increased to ¥2,258,609,218.99 from ¥2,236,460,248.61, showing a growth of approximately 1.0%[43] Shareholder Information - Total number of common shareholders at the end of the reporting period is 46,381[37] - The largest shareholder, Gao Xue Ming, holds 39.52% of shares, totaling 434,946,505 shares[37] - The company has a total of 108,736,626 unrestricted shares held by Gao Xue Ming[38] - The company has no preferred shareholders or significant changes in shareholder financing activities reported[39] Research and Development - Research and development expenses decreased by 41.87% year-on-year, reflecting a balance between cost control and innovation investment[15] - Research and development expenses decreased significantly to ¥11,841,740.29 from ¥20,371,383.09, a decline of about 41.5% year-over-year[44] Investment Activities - Investment income increased by 262.01% year-on-year, attributed to higher returns from matured financial products[18] - The company reported a 370.35% increase in fair value gains, driven by increased returns from financial investments[19] - Investment activities generated a net cash outflow of -31,859,684.28 CNY, an improvement from -69,331,904.85 CNY in the previous period[46] - Cash inflow from investment activities was 174,597,691.10 CNY, up from 132,747,488.20 CNY year-over-year[46] - Cash outflow from investment activities totaled 206,457,375.38 CNY, slightly higher than 202,079,393.05 CNY in the previous period[46] Other Financial Metrics - Deferred income tax assets decreased to ¥25,226,788.47 from ¥28,747,298.42, a decline of approximately 12.5%[42] - The company reported an increase in undistributed profits to ¥432,618,301.33 from ¥410,101,079.58, an increase of about 5.0%[43] - Other non-current liabilities increased by 146.34%, mainly due to stock incentive plans implemented by subsidiaries[14] General Remarks - There are no indications of new product launches or market expansion strategies discussed in the call[40] - The company’s first quarter report was not audited[48]