2025-04-27 07:50Financial Performance - The company's revenue for Q1 2025 was ¥1,754,254,463.18, representing a 14.19% increase compared to ¥1,536,247,143.43 in the same period last year[4] - Net profit attributable to shareholders was ¥160,525,258.63, a significant increase of 57.85% from ¥101,692,621.31 year-over-year[4] - The net profit after deducting non-recurring gains and losses surged by 331.10% to ¥105,876,943.19 from ¥24,559,682.72 in the previous year[4] - The company achieved operating revenue of CNY 1.754 billion, a year-on-year increase of 14.19%[14] - Net profit attributable to shareholders reached CNY 161 million, up 57.85% year-on-year[14] - The net profit excluding non-recurring gains and losses was CNY 106 million, reflecting a significant growth of 331.10%[14] - Net profit for the current period was ¥162,513,289.89, representing a 59.0% increase from ¥102,193,377.63 in the previous period[19] - The net profit attributable to the parent company was approximately ¥160.53 million, compared to ¥101.69 million in the previous period, representing a year-over-year increase of 57.6%[20] - The total comprehensive income attributable to the parent company was approximately ¥111.67 million, up from ¥98.98 million, reflecting a growth of 12.8%[20] - Basic and diluted earnings per share increased to ¥0.12 from ¥0.08, marking a 50% increase[20] Assets and Liabilities - The company's total assets increased by 12.02% to ¥13,775,686,575.86 from ¥12,297,311,673.87 at the end of the previous year[4] - Current assets totaled ¥9,087,656,233.87, a rise of 18.1% from ¥7,691,849,512.85 at the beginning of the period[16] - Total liabilities increased to ¥6,500,122,037.63, up 25.5% from ¥5,179,863,454.31 at the start of the period[17] - The total equity attributable to shareholders of the parent company was ¥7,170,608,090.39, up from ¥7,016,033,171.08, reflecting a growth of 2.2%[18] Cash Flow - Cash flow from operating activities showed improvement, with a net outflow of ¥350,442,034.40, a 43.03% reduction from the previous year's outflow of ¥615,182,046.97[4] - Cash inflow from investment activities was approximately ¥205.15 million, while cash outflow was ¥724.48 million, resulting in a net cash outflow of approximately ¥519.33 million[22] - Cash flow from financing activities generated a net inflow of approximately ¥309.31 million, compared to ¥55.28 million in the previous period, indicating a significant increase[22] - The ending cash and cash equivalents balance was approximately ¥1.51 billion, down from ¥2.35 billion in the previous period[22] - The company reported a decrease in cash received from sales of goods and services to approximately ¥1.24 billion, down from ¥1.35 billion[21] - The company’s total operating cash outflow was approximately ¥1.64 billion, compared to ¥2.05 billion in the previous period, showing a reduction in cash outflow[22] Operational Highlights - The weighted average return on equity rose to 2.26%, an increase of 0.84 percentage points compared to 1.42% in the same period last year[4] - The production capacity utilization rate exceeded 90%, with raw magnetic material output of approximately 8,770 tons, and finished magnetic product output of about 6,600 tons, both growing over 40% year-on-year[14] - Revenue from the new energy vehicle and auto parts sector was CNY 882 million, accounting for 50.28% of total revenue[14] - Revenue from the energy-saving variable frequency air conditioning sector was CNY 513 million, representing 29.25% of total revenue[14] - Export sales revenue amounted to CNY 312 million, making up 17.76% of total revenue, with exports to the U.S. contributing CNY 122 million, or 6.94% of total revenue[14] - The company is focusing on expanding its market presence in the new energy and energy-saving sectors, particularly in applications for electric vehicles and industrial servo motors[13] - The company is actively collaborating with internationally renowned technology firms for the development of embodied robot motor rotors and capacity construction[13] - The company plans to continue enhancing production capacity while maintaining stable operations in the upcoming quarters[13] Inventory and Expenses - Inventory levels increased by 30.10% to ¥2,833,732,922.06, reflecting the need for stock due to business growth[8] - The company experienced a 67.00% rise in selling expenses, amounting to ¥17,681,229.15, attributed to a 40% increase in sales volume and higher market expansion costs[8] - Total operating costs amounted to ¥1,621,523,660.51, up 8.3% from ¥1,497,437,075.56 in the prior period[19] Other Information - The company received government subsidies totaling ¥63,411,721.41, contributing positively to its financial performance[5] - The company has not yet audited the first quarter report, indicating that the financial data is subject to change[23]