Revenue and Profitability - The company's revenue for Q1 2025 reached ¥1,355,126,170.17, representing a 121.05% increase compared to ¥613,047,363.27 in the same period last year[11] - Net profit attributable to shareholders decreased by 49.24% to ¥9,217,825.88 from ¥18,159,321.54 year-on-year[11] - The gross profit margin for Q1 2025 was reported at 13.35%, while the net profit attributable to shareholders decreased by 49.24% to 921.78 million RMB, primarily due to increased financial expenses from foreign exchange losses[15] - Net profit for the current period was ¥12,139,252.24, down from ¥23,599,845.80 in the previous period, indicating a decline of approximately 48.6%[21] - The net profit attributable to the parent company was ¥9,217,825.88, compared to ¥18,159,321.54 in the prior period, a decrease of around 49.3%[21] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 136.65% to ¥1,174,242,012.73 due to increased sales volume[11] - Total operating costs amounted to ¥1,324,420,585.74, compared to ¥566,160,762.96 in the prior period, reflecting an increase of about 133.4%[20] - Financial expenses surged by 704.34% to ¥28,629,945.48, primarily due to exchange losses incurred during the period[11] - The company’s financial expenses increased by 33.37 million RMB compared to the previous year, primarily due to foreign exchange losses[15] - Financial expenses for the current period were ¥28,629,945.48, compared to a negative expense of -¥4,737,393.98 in the previous period, reflecting a significant change in financial costs[20] Cash Flow and Liquidity - The operating cash flow net amount was negative at -¥14,906,166.18, a decline of 270.07% compared to ¥8,764,806.58 in the previous year[11] - Net cash flow from operating activities was negative at -14,906,166.18, compared to a positive cash flow of 8,764,806.58 in the previous period[24] - Total cash inflow from operating activities was 1,421,721,485.49, significantly higher than 720,275,711.73 in the previous period[24] - Total cash outflow from operating activities reached 1,436,627,651.67, compared to 711,510,905.15 previously[24] - The net increase in cash and cash equivalents was 66,152,904.99, contrasting with a decrease of -157,706,409.67 in the last period[25] Assets and Equity - Total assets at the end of the reporting period were ¥3,838,681,434.12, a slight decrease of 0.14% from ¥3,844,011,996.97 at the end of the previous year[11] - The total liabilities amounted to ¥2,164,854,672.16, a decrease from ¥2,358,524,961.21 in the previous period, showing a reduction of about 8.2%[19] - The total equity attributable to the parent company increased to ¥1,429,779,289.13 from ¥1,241,451,048.49, reflecting a growth of approximately 15.2%[19] - The company’s inventory at the end of the reporting period was 647,745,245.20 RMB, down from 722,056,826.80 RMB at the beginning of the period[18] Research and Development - Research and development expenses increased by 24.85% to ¥18,418,060.54, reflecting a rise in R&D investment[11] - Research and development expenses for the current period were ¥18,418,060.54, up from ¥14,752,654.31 in the previous period, indicating an increase of approximately 24.5%[20] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 16,605, with the largest shareholder holding 51.11% of the shares[13] - Basic and diluted earnings per share both fell by 50.00% to ¥0.09 from ¥0.18 in the same period last year[11] Subsidiary and Business Performance - The company has incorporated 威雅利 as a controlling subsidiary, which contributed to the increase in revenue and operational scale[11] - The electronic components distribution business generated revenue of 128,277.52 million RMB, up 137.37% year-on-year, with the original distribution business (excluding Weiyali) growing by 40.16%[16] - The self-developed IC business reported revenue of 7,092.77 million RMB, with automotive-grade IC revenue at 5,503.65 million RMB, reflecting a 7.94% increase year-on-year[16]
雅创电子(301099) - 2025 Q1 - 季度财报