Financial Performance - The company's operating revenue for Q1 2025 was CNY 525,437,467.57, a decrease of 5.75% compared to CNY 557,500,626.58 in the same period last year[3] - Net profit attributable to shareholders was CNY 35,883,352.38, representing a year-on-year increase of 13.58% from CNY 31,593,624.84[3] - The net profit after deducting non-recurring gains and losses was CNY 20,096,952.56, down 35.00% from CNY 30,916,272.45 in the previous year[3] - Total operating revenue for Q1 2025 was ¥525,437,467.57, a decrease of 5.8% compared to ¥557,500,626.58 in Q1 2024[20] - Net profit for Q1 2025 reached ¥35,883,352.38, an increase of 13.5% from ¥31,593,624.84 in Q1 2024[20] - The net profit attributable to the parent company for Q1 2025 is CNY 35,883,352.38, an increase from CNY 31,593,624.84 in Q1 2024, representing a growth of approximately 13.5%[21] - The total comprehensive income for Q1 2025 is CNY 35,869,116.61, compared to CNY 31,541,008.73 in Q1 2024, indicating an increase of about 13.5%[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 19,138,880.28, a decline of 126.23% compared to negative CNY 8,459,885.85 last year[3] - Cash flow from operating activities showed a negative net amount of ¥-19,138,880.28, a decline of 126.23% compared to the previous period, mainly due to increased supplier deposits[9] - The total cash inflow from operating activities in Q1 2025 is CNY 468,416,411.00, while the total cash outflow is CNY 487,555,291.28, resulting in a negative cash flow[24] - The cash flow from investing activities in Q1 2025 shows a net outflow of -CNY 3,343,146.92, compared to -CNY 5,414,839.00 in Q1 2024[25] - The cash flow from financing activities in Q1 2025 is -CNY 118,474,763.17, compared to a net inflow of CNY 3,565,734.20 in Q1 2024, indicating a significant decline[25] - The ending cash and cash equivalents balance as of March 31, 2025, is CNY 685,197,662.66, down from CNY 826,067,617.40 at the beginning of the period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,099,794,230.16, down 8.47% from CNY 3,386,713,429.69 at the end of the previous year[4] - Total current assets decreased to ¥2,466,157,023.30 as of March 31, 2025, down 9.9% from ¥2,739,830,339.67 at the end of 2024[16] - Total liabilities decreased to ¥1,043,517,250.27 as of March 31, 2025, down 21.3% from ¥1,326,663,566.41 at the end of 2024[18] - The total assets decreased from CNY 3,413.49 million in the previous period to CNY 3,124.98 million, a decline of 8.46%[29] - The total liabilities decreased from CNY 1,339.57 million to CNY 1,054.95 million, a reduction of 21.25%[29] Shareholder Information - Total number of common shareholders at the end of the reporting period was 56,092[12] - The largest shareholder, Tianjin Tianhe Yingya Technology Co., Ltd., holds 34.04% of the shares, totaling 89,970,000 shares[12] Research and Development - R&D expenses increased by 52.23% to ¥33,647,792.51, primarily due to increased investment in research and development[9] - Research and development expenses increased significantly to CNY 33.65 million in Q1 2025, up from CNY 22.09 million in Q1 2024, representing a 52.66% increase[32] Other Income and Subsidies - The company recognized government subsidies of CNY 18,000,000.00 during the reporting period[6] - Other income surged by 699.00% to ¥19,003,027.95, mainly attributed to increased government subsidies[9] - The company reported a significant increase in other income to CNY 19.00 million in Q1 2025, compared to CNY 2.38 million in Q1 2024[32] Financial Management and Governance - The company is focusing on improving cash flow management and reducing liabilities in response to the current financial challenges[2] - The financial report was overseen by key personnel including Yuan Wenjie, Zhang Haichao, and Wang Zipei, ensuring accountability in financial management[35] - The company is set to implement new accounting standards starting in 2025, which may affect future financial reporting[35]
天和磁材(603072) - 2025 Q1 - 季度财报(更新)