百达精工(603331) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 388,084,372.54, representing a 4.02% increase compared to CNY 373,083,732.25 in the same period last year[4] - Net profit attributable to shareholders decreased by 27.52% to CNY 21,485,795.27 from CNY 29,643,087.75 year-on-year[4] - Basic and diluted earnings per share both decreased by 26.67% to CNY 0.11 from CNY 0.15 in the same period last year[4] - Net profit for Q1 2025 was ¥20,017,751.50, a decrease of 29.5% from ¥28,442,801.81 in Q1 2024[19] - Basic and diluted earnings per share for Q1 2025 were both ¥0.11, down from ¥0.15 in Q1 2024[19] Cash Flow - The net cash flow from operating activities improved significantly to CNY 46,377,838.28, compared to a negative cash flow of CNY -59,369,053.00 in the previous year[4] - Cash inflow from operating activities in Q1 2025 totaled ¥336,566,143.90, slightly up from ¥335,971,219.35 in Q1 2024[20] - Cash paid for purchasing goods and services in Q1 2025 was ¥142,485,328.10, a decrease from ¥261,465,821.82 in Q1 2024[20] - The net increase in cash and cash equivalents was -$10,215,956.34, an improvement from -$126,891,048.39 in the prior period[21] - The ending balance of cash and cash equivalents stood at $163,079,595.43, compared to $101,485,044.27 in the previous period, indicating a recovery[21] Assets and Liabilities - Total assets increased by 2.41% to CNY 3,335,618,697.37 from CNY 3,257,252,574.63 at the end of the previous year[5] - The company's total liabilities rose to CNY 2,006,193,889.15 from CNY 1,947,845,517.91, reflecting an increase of about 2.9%[15] - Total current liabilities increased to CNY 1,440,304,103.70 from CNY 1,366,863,606.25, marking an increase of approximately 5.4%[15] - The equity attributable to the parent company increased to CNY 1,304,522,641.27 from CNY 1,283,036,846.00, indicating a growth of approximately 1.7%[15] Operational Costs - The decline in net profit was primarily due to the operational costs associated with the solar cell project of the subsidiary Jiangxi Baida New Energy Co., Ltd., which has not yet commenced production[7] - Total operating costs for Q1 2025 were ¥358,146,565.12, up 5.5% from ¥339,309,781.06 in Q1 2024[17] Shareholder Information - The company had a total of 11,391 common shareholders at the end of the reporting period[9] - The largest shareholder, Zhang Qichun, holds 20,871,825 shares, representing 10.3% of the total shares[9] Other Financial Metrics - The weighted average return on equity decreased to 1.66%, down 0.62 percentage points from 2.28%[5] - Non-recurring gains and losses for the period amounted to CNY 494,286.98, after accounting for tax effects[6] - The company reported an investment loss of ¥530,030.27 in Q1 2025, an improvement from a loss of ¥1,616,592.42 in Q1 2024[18] - The company experienced a significant increase in financial expenses, with interest expenses rising to ¥10,721,493.32 in Q1 2025 from ¥7,402,043.65 in Q1 2024[17] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[22]