XINGYE TECH.(SZ:002674)2025-04-25 18:05Financial Performance - The company's operating revenue for Q1 2025 was ¥627,000,384.83, representing a 5.04% increase compared to ¥596,897,058.73 in the same period last year[4] - Net profit attributable to shareholders decreased by 45.31% to ¥18,937,767.43 from ¥34,628,104.35 year-on-year[4] - The company reported a net profit growth rate of 32.16% for 2023 compared to 2022, which allowed for an 80% exercise ratio for the first tranche of stock options[27] - Net profit for the current period was ¥35,164,683.05, a decrease of 21.0% from ¥44,534,234.64 in the previous period[35] - The company reported a net profit attributable to the parent company of CNY 22,414,074.47, down from CNY 32,925,847.90[36] Cash Flow - The net cash flow from operating activities increased by 87.55% to ¥83,903,963.74, up from ¥44,736,732.33 in the previous year[4] - Cash inflow from operating activities totaled CNY 748,019,739.30, up from CNY 663,225,880.63[38] - Cash outflow from investing activities was CNY 785,073,606.43, significantly higher than CNY 300,456,800.18 in the previous period[40] - The net cash flow from financing activities improved to CNY 147,476,512.77 from CNY 50,631,813.61[40] - The ending balance of cash and cash equivalents was CNY 848,785,442.58, compared to CNY 442,708,130.85 at the end of the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,608,815,688.37, a 2.71% increase from ¥4,488,448,415.51 at the end of the previous year[5] - Current liabilities totaled ¥1,770,103,717.81, up from ¥1,659,252,714.90, indicating an increase of 6.7%[32] - Non-current liabilities decreased to ¥114,490,712.06 from ¥146,738,719.00, a reduction of 22.0%[32] - The company's equity attributable to shareholders rose to ¥2,432,142,749.14, compared to ¥2,405,421,003.37, reflecting an increase of 1.1%[32] - Total liabilities decreased by 45.54% in long-term borrowings to ¥40,661,050.03 from ¥74,661,050.23[12] Investment and Expenses - The company reported a significant increase in financial expenses by 877.72% to ¥14,122,170.13, primarily due to reduced interest income from time deposits and increased exchange losses[13] - The company’s investment income rose by 140.37% to ¥1,373,428.23 compared to ¥571,373.50 in the previous period[13] - Research and development expenses for the current period were ¥15,636,473.79, up from ¥13,288,930.01, indicating a growth of 17.6%[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,423[18] - The company held a total of 291,862,944 shares as of the latest report, which serves as the basis for the dividend distribution[25] - The company has not reported any changes in the top 10 shareholders due to margin trading activities[21] Stock Options - The company approved a stock option incentive plan on May 30, 2023, granting 13.4 million stock options at an exercise price of ¥8.19 per share[24] - The exercise price for the stock option plan was adjusted to ¥7.69 per share following a cash dividend distribution of ¥5.00 per 10 shares[25] - A total of 1.39 million stock options were canceled due to various reasons, including the departure of 11 incentive recipients[27] - The first exercise period for the stock options is set from August 9, 2024, to May 29, 2025, with 4.14 million options available for exercise[27] Comprehensive Income - The total comprehensive income for the period was CNY 38,640,990.09, a decrease from CNY 42,831,978.19 in the previous period[36] - The company’s other comprehensive income after tax was CNY 3,476,307.04, compared to a loss of CNY 1,702,256.45 in the previous period[36]