襄阳轴承(000678) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 363,234,653.61, representing a 2.40% increase compared to CNY 354,723,153.60 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 13,628,204.54, slightly worsening from a loss of CNY 13,391,521.61, reflecting a decrease of 1.77% year-over-year[5] - The company reported a net loss of ¥474,397,313.11 in retained earnings, worsening from a loss of ¥460,769,108.57 in the previous period[14] - The company reported a net loss of ¥16,750,541.10, compared to a net loss of ¥14,923,646.83 in the previous period, indicating an increase in losses of approximately 12.3%[17] - The company reported a total comprehensive loss of ¥15,513,682.40, compared to a loss of ¥13,504,890.64 in the previous period, reflecting a worsening of approximately 14.8%[18] Cash Flow - The net cash flow from operating activities decreased by 30.16%, amounting to CNY 22,874,901.89 compared to CNY 32,755,584.97 in the previous year[5] - The company experienced a net cash flow from operating activities of ¥22,874,901.89, down from ¥32,755,584.97, representing a decline of approximately 30.2%[19] - The cash flow from investing activities improved by 78.69%, with a net outflow of CNY 383,823.11 compared to CNY 1,801,123.51 in the previous year[9] - Investment activities resulted in a net cash outflow of ¥383,823.11, compared to a net outflow of ¥1,801,123.51 in the previous period, showing an improvement in cash flow management[20] - Financing activities led to a net cash outflow of ¥37,250,018.62, which is a deterioration from the previous period's outflow of ¥26,470,669.05, indicating increased financial strain[20] Assets and Liabilities - The total assets increased by 3.76% to CNY 2,324,350,915.52 from CNY 2,240,178,560.84 at the end of the previous year[5] - The equity attributable to shareholders decreased by 2.27% to CNY 781,367,753.69 from CNY 799,509,675.33 at the end of the previous year[5] - Total liabilities increased to ¥1,468,586,577.29 from ¥1,368,900,540.21, reflecting a rise of 7.83%[14] - The company's total equity decreased to ¥855,764,338.23 from ¥871,278,020.63, a decline of 1.77%[14] Revenue and Costs - Total operating revenue for the current period reached ¥363,234,653.61, an increase of 2.86% compared to ¥354,723,153.60 in the previous period[16] - Total operating costs amounted to ¥388,845,203.71, up from ¥374,826,675.88, reflecting a rise of 3.04%[16] - The revenue from the Xiangyang factory was CNY 285,941,736.59, while the Poland factory reported a loss of CNY 25,040,355.89[5] Tax and Impairment - Tax and additional charges increased by 93.88% to CNY 6,437,160.77, primarily due to higher tax expenses incurred during the period[9] - The company reported a tax expense of ¥4,342,442.79, which increased from ¥2,697,297.86 in the previous period, indicating a rise in tax liabilities despite losses[17] - The company reported a significant increase in credit impairment losses, rising by 288.55% to CNY 2,982,577.96, mainly due to changes in receivables[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 85,364, with the largest shareholder, Sanhuan Group Co., Ltd., holding 27.94% of the shares[10] Other Financial Metrics - The company's cash and cash equivalents decreased to ¥168,011,819.42 from ¥182,361,016.29, a decline of 7.25%[12] - Accounts receivable increased to ¥364,366,092.43 from ¥301,963,631.05, representing a growth of 20.66%[12] - Inventory levels decreased slightly to ¥393,272,982.18 from ¥401,651,237.86, a reduction of 2.86%[12] - Non-current assets totaled ¥1,296,820,707.99, up from ¥1,283,015,381.26, indicating a growth of 1.38%[13] - Basic and diluted earnings per share remained at -0.03, consistent with the previous period, indicating no improvement in per-share performance[18] - The company recorded a foreign exchange impact of ¥409,742.97 on cash and cash equivalents, contrasting with a negative impact of ¥333,275.99 in the previous period, suggesting a positive shift in currency effects[20] - The cash and cash equivalents at the end of the period totaled ¥75,321,935.36, down from ¥101,680,283.73, marking a decrease of approximately 26%[20] - Research and development expenses for the current period were ¥3,503,239.20, down from ¥3,940,229.28, a decrease of 11.09%[16]