YAWEI(002559)2025-04-27 07:35Financial Performance - Revenue for Q1 2025 was CNY 467,065,839.60, a decrease of 16.29% compared to CNY 557,989,003.60 in the same period last year[5] - Net profit attributable to shareholders was CNY 35,903,502.94, down 13.77% from CNY 41,635,732.36 year-on-year[5] - Basic and diluted earnings per share decreased to CNY 0.0653, down 13.74% from CNY 0.0757 in the same quarter last year[5] - Operating profit fell to ¥34,128,715.17 compared to ¥44,620,144.09, reflecting a decline of approximately 23.4%[20] - Net profit decreased to ¥30,673,809.53 from ¥36,211,213.38, a drop of around 15.4%[20] - The total comprehensive income attributable to the parent company was CNY 35,856,824.21, down from CNY 41,670,514.84 in the previous period, representing a decrease of approximately 14.4%[21] Cash Flow - Net cash flow from operating activities improved significantly to CNY 46,060,143.19, a 220.78% increase from a negative cash flow of CNY -38,136,116.28 in the previous year[5] - Cash inflow from investment activities totaled CNY 481,004,960.07, compared to CNY 190,449,023.30 in the previous period, indicating an increase of approximately 152.5%[23] - Net cash flow from investment activities was CNY 73,732,566.28, recovering from a net outflow of CNY -114,172,395.67 in the previous period[23] - The company reported a net increase in cash and cash equivalents of CNY 124,514,362.89, compared to a net decrease of CNY -1,743,570.59 in the previous period[23] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 4,579,580,758.38, a slight decrease of 0.47% from CNY 4,601,293,486.47 at the end of the previous year[5] - Current liabilities totaled ¥2,462,395,913.10, a decrease from ¥2,492,947,202.44[17] - Long-term borrowings decreased to ¥265,221,215.74 from ¥295,345,768.00, a reduction of approximately 10.2%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 79,998, with no preferred shareholders having restored voting rights[10] - The top 10 shareholders hold a total of 7.54% (41,456,751 shares) by Jiangsu Yawey Technology Investment Co., Ltd., and 2.67% (14,654,935 shares) by individual shareholder Ji Suqin[10] - The top shareholder, Jiangsu Yawey Technology Investment Co., Ltd., holds 41,456,751 unrestricted shares, representing a significant portion of the total shares[10] Government Support and Expenses - The company received government subsidies amounting to CNY 2,391,179.99 during the reporting period[7] - Research and development expenses rose to ¥21,676,013.19 from ¥18,295,265.90, an increase of approximately 18.3%[20] - The company paid CNY 93,052,645.26 to employees, an increase from CNY 82,971,180.98 in the previous period, reflecting a rise of about 12.9%[22] Financial Position - Financial expenses showed a significant reduction, with a net income of CNY -1,370,006.00 compared to CNY 3,508,381.42 in the same period last year, indicating improved foreign exchange gains[9] - The company's financial position shows a stable increase in liquid assets, indicating a strong liquidity position[15] Corporate Actions - The company plans to issue 128,235,074 A-shares to specific investors, with the intention of making the Yangzhou Industrial Investment Development Group Co., Ltd. the controlling shareholder[12] - The company's stock issuance plan is pending approval from relevant state-owned asset regulatory authorities and the China Securities Regulatory Commission[12] - The company is undergoing a board member change, with Ji Suqin resigning from her position due to personal reasons[13] Market and Product Development - The company did not report any significant new product developments or market expansion strategies during this quarter[5]