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武进不锈(603878) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter was CNY 482,599,985.90, a decrease of 33.90% compared to CNY 730,054,743.08 in the same period last year[4]. - The net profit attributable to shareholders was CNY 30,322,807.09, down 55.43% from CNY 68,028,559.12 year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 28,380,708.36, a decline of 56.30% compared to CNY 64,950,015.07 in the previous year[4]. - The basic earnings per share decreased by 58.33% to CNY 0.05 from CNY 0.12 in the same period last year[4]. - The diluted earnings per share also fell by 58.33% to CNY 0.05 from CNY 0.12 year-on-year[4]. - Operating profit for Q1 2025 was ¥31.14 million, down 60% from ¥78.81 million in Q1 2024[17]. - Net profit for Q1 2025 was ¥30.32 million, a decline of 55% compared to ¥68.03 million in Q1 2024[18]. - The total comprehensive income for Q1 2025 was ¥30.32 million, a decrease of 55% from ¥68.03 million in Q1 2024[18]. Cash Flow and Investments - The net cash flow from operating activities increased by 15.52% to CNY 51,993,115.03, compared to CNY 45,008,976.48 in the previous year[4]. - Cash flow from operating activities for Q1 2025 was ¥51.99 million, an increase of 15% from ¥45.01 million in Q1 2024[21]. - The company reported a net cash outflow from investing activities of ¥344.56 million in Q1 2025, compared to a net outflow of ¥32.06 million in Q1 2024[21]. - Cash and cash equivalents at the end of Q1 2025 were ¥211.75 million, down from ¥520.48 million at the end of Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,082,896,928.13, an increase of 0.91% from CNY 4,046,256,554.64 at the end of the previous year[5]. - Current assets decreased to RMB 2,493,188,828.34 from RMB 2,786,466,401.70, primarily due to a reduction in cash and cash equivalents from RMB 602,184,046.26 to RMB 278,211,232.36[13]. - Inventory increased to RMB 1,070,447,098.53 from RMB 1,015,935,269.29, indicating a growth of approximately 5.3%[13]. - Total liabilities increased slightly to RMB 1,454,773,296.47 from RMB 1,444,884,004.54, reflecting a stable financial position[15]. - Shareholders' equity rose to RMB 2,628,123,631.66 from RMB 2,601,372,550.10, showing an increase of about 1.03%[15]. - The company reported a significant decrease in accounts receivable from RMB 514,107,207.57 to RMB 376,191,897.47, a reduction of approximately 26.8%[13]. - The company’s short-term borrowings were recorded at RMB 45,443,806.48, indicating a new financing strategy[14]. - The total liabilities to equity ratio remains healthy, reflecting a balanced capital structure[15]. Research and Development - Research and development expenses increased to ¥17.06 million in Q1 2025, up 61% from ¥10.57 million in Q1 2024[17]. Operational Focus - The company continues to focus on enhancing its operational efficiency and exploring new market opportunities[12].