Revenue and Profitability - The company's revenue for Q1 2025 was ¥360,159,178.39, representing a 17.10% increase compared to ¥307,552,799.57 in the same period last year[5] - The net loss attributable to shareholders was ¥1,540,124.11, an improvement of 15.49% from a loss of ¥1,822,501.71 in the previous year[5] - Total operating revenue for the current period reached ¥360,159,178.39, an increase of 17.1% compared to ¥307,552,799.57 in the previous period[20] - Net loss for the current period was ¥1,540,124.11, an improvement from a net loss of ¥1,822,501.71 in the previous period, indicating a reduction in losses by approximately 15.5%[22] - Basic and diluted earnings per share were both reported at -0.0091, an improvement from -0.0108 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 24.20%, amounting to -¥57,191,807.84, compared to -¥46,048,993.55 in Q1 2024[5] - Cash inflow from operating activities totaled ¥232,122,454.97, a decrease from ¥244,282,468.68 in the previous period, reflecting a decline of 5%[24] - The net cash flow from operating activities was -$57.19 million, compared to -$46.05 million in the previous period, indicating a decline in operational performance[25] - The ending cash and cash equivalents balance was $45.13 million, up from $164.65 million, indicating a substantial decrease in liquidity[25] - The company experienced a net increase in cash and cash equivalents of $15.10 million, contrasting with a decrease of $54.82 million in the prior period[25] Assets and Liabilities - The total assets at the end of Q1 2025 were ¥2,450,153,947.94, a 6.29% increase from ¥2,305,161,111.77 at the end of the previous year[5] - Current assets reached CNY 1,274,311,885.47, up from CNY 1,157,007,715.85, indicating an increase of about 10.1%[18] - Total liabilities rose to CNY 1,803,651,765.10 from CNY 1,698,407,293.05, reflecting an increase of about 6.2%[18] - The total liabilities increased to ¥915,218,007.69 from ¥764,081,007.63, marking a rise of 19.7%[19] - Total equity attributable to shareholders decreased slightly to ¥1,534,935,940.25 from ¥1,541,080,104.14, a decline of 0.4%[19] Research and Development - Research and development expenses increased by 71.50% to ¥11,643,897.72, up from ¥6,789,346.92 in the same quarter last year[10] - Research and development expenses increased to ¥11,643,897.72, compared to ¥6,789,346.92, representing a growth of 71.5%[21] Financing Activities - The net cash flow from financing activities increased by 91.02% to ¥126,298,253.90, compared to ¥66,119,029.57 in Q1 2024, mainly due to increased bank borrowings[11] - Cash inflow from financing activities increased to $153.85 million from $134.05 million, primarily due to an increase in borrowings which amounted to $149.97 million[25] - The net cash flow from financing activities was $126.30 million, significantly higher than $66.12 million in the previous period, showing improved financing conditions[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,474, with the largest shareholder holding 52.06% of the shares[12] - The company has a share repurchase account holding 3,569,642 shares, accounting for 2.1114% of the total share capital[16] Other Observations - The company reported a significant increase in other current assets by 449.43%, reaching ¥20,508,995.03, primarily due to increased deductible VAT input tax[9] - The company did not report any cash received from investment activities, highlighting a lack of investment recovery during the period[25] - The first quarter report was not audited, which may affect the reliability of the financial data presented[26]
逸豪新材(301176) - 2025 Q1 - 季度财报