YONGTAI TECH.(002326)2025-04-27 07:41Financial Performance - The company's revenue for Q1 2025 was ¥1,059,959,157.67, representing a year-on-year increase of 28.99% compared to ¥821,748,310.47 in the same period last year[4] - The net profit attributable to shareholders decreased by 45.77% to ¥10,577,472.09 from ¥19,505,595.70 in the previous year[4] - The net profit after deducting non-recurring gains and losses was -¥18,124,603.13, a decline of 226.64% compared to ¥14,311,964.23 in the previous year[4] - The net profit margin decreased by 36.18% due to a decline in overall gross margin[10] - Net profit for the current period was ¥12,844,636.86, a decrease from ¥20,127,848.07, reflecting a decline of approximately 36.0%[21] - Basic earnings per share for the current period were ¥0.011, down from ¥0.021 in the previous period, indicating a decrease of 47.6%[21] Cash Flow - The net cash flow from operating activities improved by 87.65%, reaching -¥18,708,412.05, compared to -¥151,481,243.16 in the same period last year[4] - Operating cash inflow for the current period was CNY 843,466,454.30, an increase of 19.2% from CNY 707,468,894.71 in the previous period[22] - Net cash outflow from operating activities was CNY -18,708,412.05, improving from CNY -151,481,243.16 in the previous period[22] - Cash inflow from financing activities was CNY 1,324,600,729.90, up 32.4% from CNY 1,003,059,836.71 in the previous period[23] - Cash flow from financing activities netted CNY 178,990,666.34, compared to CNY 134,699,899.82 in the previous period, reflecting a 32.8% increase[23] - The company repaid debts totaling CNY 1,102,397,070.19, an increase of 32.9% from CNY 829,441,826.56 in the previous period[23] Assets and Liabilities - The company's total assets decreased by 1.12% to ¥11,065,267,436.50 from ¥11,190,303,037.06 at the end of the previous year[4] - The company's total liabilities decreased to ¥8,176,401,388.16 from ¥8,347,136,924.60, a decline of about 2.0%[18] - Current liabilities increased to ¥6,617,188,077.09 from ¥6,553,420,776.61, showing an increase of approximately 1.0%[18] - Long-term borrowings decreased to ¥1,239,304,325.28 from ¥1,411,479,225.22, a decline of about 12.2%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 116,528, with no preferred shareholders having restored voting rights[12] - The largest shareholder, Wang Yingmei, holds 15.59% of shares, amounting to 144,248,400 shares, with 61,809,999 shares pledged[12] - The top ten shareholders include significant stakes from individuals and companies, with He Renbao holding 12.04% (111,400,000 shares) and Zhejiang Yongtai Holdings Co., Ltd. holding 1.39% (12,887,500 shares)[12] - The total number of shares held by the top ten unrestricted shareholders amounts to 1,263,000,000 shares[12] - The company has a total of 0 preferred shareholders at the end of the reporting period[14] Operational Highlights - The company reported a significant increase in other income by 275.88%, primarily due to increased government subsidies received[9] - The cash flow from investing activities increased by 30.91%, attributed to a reduction in fixed asset investments[11] - The cash flow from financing activities rose by 32.88%, reflecting an increase in net bank borrowings[11] - Research and development expenses rose to ¥26,087,543.36 from ¥22,213,224.82, marking an increase of approximately 17.5%[21] - The company has signed a technology development contract with Fudan University to enhance its core competitiveness in lithium battery materials[14] Inventory and Receivables - Accounts receivable decreased from ¥1,275,457,219.97 to ¥1,196,000,723.70, representing a reduction of about 6.2%[16] - Inventory increased from ¥987,727,619.21 to ¥1,124,553,506.64, reflecting a growth of approximately 13.8%[16] - The company's cash and cash equivalents decreased from ¥739,281,281.26 to ¥594,745,420.50, a decline of approximately 19.5%[16]