FASTEN(SZ:000890)2025-04-27 07:40Financial Performance - The company's operating revenue for Q1 2025 was ¥68,538,910.50, a decrease of 38.62% compared to ¥111,668,808.48 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥750,786.92, an improvement of 95.91% from a loss of ¥18,355,578.04 in the previous year[4] - The net loss for the current period is CNY -5,463,730.72, compared to a net loss of CNY -17,969,974.57 in the previous period, showing an improvement of approximately 69.6%[19] - The weighted average return on net assets was -4.46%, an improvement from -86.20% in the previous year[4] Cash Flow - The cash flow from operating activities showed a significant increase, reaching ¥11,804,701.17, compared to a negative cash flow of ¥11,633,847.92 in the same period last year, marking a 201.47% improvement[4] - Net cash inflow from operating activities was $11,804,701.17, compared to a net outflow of $11,633,847.92 in the previous period[21] - Cash outflow from operating activities totaled $100,598,685.42, compared to $117,930,397.28 in the previous period[21] - Cash and cash equivalents at the end of the period amounted to $38,095,276.18, up from $6,840,278.23 at the end of the previous period[22] - The net increase in cash and cash equivalents was ¥33,487,324.23, a 390.36% increase compared to a decrease of ¥11,532,893.67 in the same period last year[9] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,049,380,780.12, reflecting a slight increase of 0.37% from ¥1,045,535,173.20 at the end of the previous year[4] - The total liabilities amount to CNY 965,618,471.88, slightly up from CNY 956,309,134.24, reflecting a marginal increase of about 0.1%[18] - The total current assets amount to 451,475,776.42 RMB, an increase from 443,848,101.16 RMB in the previous period[14] - The total non-current assets amount to 597,905,003.70 RMB, slightly decreased from 601,687,072.04 RMB in the previous period[14] - The total non-current liabilities decreased to CNY 12,023,121.47 from CNY 15,840,513.59, reflecting a decline of approximately 24.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,440[10] - The largest shareholder, Farshun Hongsheng Group Co., Ltd., holds 26.82% of shares, totaling 112,502,486 shares[11] - The second-largest shareholder, Jiangyin Yaobotaibang Enterprise Management Partnership, holds 13.57% of shares, totaling 56,946,224 shares[11] - The company has no preferred shareholders as of the reporting period[12] - There are no significant changes in the top 10 shareholders' participation in margin trading[11] - The company does not have any related party relationships among the top 10 shareholders[11] Expenses - Research and development expenses decreased by 47.07% to ¥1,198,554.19, primarily due to reduced investment in R&D in the environmental business segment[8] - The company reported a significant decrease in financial expenses by 49.97% to ¥7,951,840.42, mainly due to reduced interest on borrowed funds[8] - Total operating costs amount to CNY 89,039,803.57, down from CNY 127,973,352.59, indicating a reduction of about 30.5%[18] Investment Income - The company reported a significant increase in investment income of ¥11,283,513.58, attributed to the recovery of bad debt provisions related to a cable customer[8] - The company reported an investment income of CNY 11,283,513.58 for the current period, with no prior period data available for comparison[18] - Cash received from investment income was $11,283,513.58, while cash recovered from investments was $25,000,000.00 in the previous period[21] Audit Information - The company did not undergo an audit for the first quarter report[23]