BESTWAY(SZ:300008)2025-04-25 17:55Financial Performance - The company's revenue for Q1 2025 was ¥746,586,929.37, representing a 10.86% increase compared to ¥673,437,767.25 in the same period last year[7] - Net profit attributable to shareholders was ¥40,792,365.16, up 32.32% from ¥30,828,652.29 year-on-year[7] - Basic earnings per share increased by 32.58% to ¥0.0236 from ¥0.0178 in the same period last year[7] - Total operating revenue for the current period reached ¥746,586,929.37, an increase of 10.86% compared to ¥673,437,767.25 in the previous period[20] - Net profit for the current period was ¥40,038,796.21, representing a growth of 26.83% from ¥31,574,986.59 in the previous period[22] - The total comprehensive income for the current period was ¥44,205,047.43, compared to ¥31,497,062.30 in the previous period, indicating a significant increase[22] Cash Flow - The net cash flow from operating activities was -¥419,491,819.09, a decline of 35.21% compared to -¥310,244,938.85 in the previous year[7] - Cash flow from operating activities showed a net outflow of ¥419,491,819.09, worsening from a net outflow of ¥310,244,938.85 in the previous period[23] - Net cash flow from financing activities increased significantly by 811.60% to ¥26,844,350.00 compared to -¥3,772,410.00 in the previous year[11] - Net cash flow from financing activities was $268,443,492.01, a substantial improvement from -$37,724,057.83 previously, showcasing effective debt management[24] - Cash inflow from financing activities totaled $462,989,606.19, significantly higher than $87,700,000.00 in the prior period, reflecting strong borrowing and capital raising efforts[24] - Net cash flow from investing activities was -$11,703,201.22, compared to -$10,908,444.95 in the previous period, indicating an increase in cash outflow for investments[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,814,818,218.89, a 3.10% increase from ¥4,670,063,842.72 at the end of the previous year[7] - The company's total liabilities amounted to ¥2,658,278,674.82, an increase from ¥2,561,455,011.19 in the previous period[18] - Total current liabilities rose to CNY 2,459,890,711.49 from CNY 2,386,994,530.70, an increase of approximately 3.0%[17] - Short-term borrowings increased significantly to CNY 965,746,679.84 from CNY 644,827,686.93, marking an increase of about 49.9%[17] - The company reported a total of CNY 1,353,664,230.42 in non-current assets, slightly down from CNY 1,371,314,667.13[17] Inventory and Expenses - The company's inventory rose by 26.90% to ¥37,726,090.00 from ¥29,728,800.00 at the beginning of the period[10] - Sales expenses surged by 173.34% to ¥1,229,980.00, attributed to increased market expansion efforts and higher sales agent fees due to increased ship deliveries[10] - Total operating costs increased to ¥697,987,256.19, up 12.99% from ¥617,685,816.68 in the previous period[20] - Research and development expenses increased to ¥11,410,792.25, compared to ¥9,261,903.14 in the previous period, reflecting a growth of 23.19%[20] Government Support and Accounting Changes - The company received government subsidies amounting to ¥1,529,683.55 during the reporting period[8] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[25] - The new accounting standards will be implemented starting in 2025, which may lead to changes in financial reporting and performance metrics[25]