Dare Auto(SZ:300473)2025-04-28 07:40Financial Performance - The company's revenue for Q1 2025 was ¥1,219,669,178.03, representing a 15.13% increase compared to ¥1,059,385,411.28 in the same period last year[4] - Net profit attributable to shareholders was ¥22,738,165.37, a significant increase of 276.00% from ¥6,047,321.80 year-over-year[4] - The net profit after deducting non-recurring gains and losses was ¥20,102,408.39, up 286.42% from ¥5,202,168.07 in the previous year[4] - Net profit for the current period was ¥23,330,703.95, a significant increase from ¥4,392,937.72 in the previous period, representing a growth of 431.5%[22] - Basic and diluted earnings per share were both CNY 0.1506, up from CNY 0.0402 in the previous period, representing an increase of 274.88%[23] Assets and Equity - The company's total assets increased by 7.48% to ¥3,975,052,826.25 from ¥3,698,566,591.05 at the end of the previous year[4] - The total equity attributable to shareholders increased by 2.92% to ¥1,597,346,030.18 from ¥1,552,051,820.73 at the end of the previous year[4] - The total equity attributable to shareholders of the parent company was ¥1,597,346,030.18, an increase from ¥1,552,051,820.73 in the previous period[20] Cash Flow - The net cash flow from operating activities was ¥48,115,259.56, down 55.25% from ¥107,528,419.21 in the previous year[4] - Cash inflow from financing activities was ¥24,445,000.00, reflecting a 324.88% increase year-over-year[11] - Cash inflow from operating activities was CNY 1,134,873,954.80, compared to CNY 1,090,122,439.89 in the previous period, reflecting a growth of 4.1%[25] - Cash flow from financing activities generated a net inflow of CNY 24,444,997.17, compared to a net outflow of CNY 10,870,027.30 in the previous period[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,076[13] - The largest shareholder, Liaoning Del Automotive Parts Co., Ltd., holds 11.85% of shares, totaling 17,883,742 shares, with 7,346,154 shares pledged[13] - The second largest shareholder, Fubo Co., Ltd., holds 10.59% of shares, totaling 15,991,500 shares, with 6,600,000 shares pledged[13] - The company has a total of 923,113 restricted shares held by executives, with no shares released during the reporting period[15] - The total number of restricted shares held by executives is 923,113, with specific release conditions based on tenure[15] Liabilities and Costs - Current liabilities totaled ¥1,716,348,808.57, an increase of 4.1% from ¥1,649,014,508.85 in the previous period[20] - Long-term borrowings rose to ¥253,230,423.52, up 33.5% from ¥189,644,056.04 in the prior period[20] - Total operating costs amounted to ¥1,177,538,926.71, up 12.3% from ¥1,048,271,476.04 in the prior period[21] - Cash outflow for purchasing goods and services was CNY 625,586,116.61, an increase of 15.16% from CNY 543,337,196.98 in the previous period[25] Other Financial Metrics - The weighted average return on equity rose to 1.44%, an increase of 1.05% compared to 0.39% in the same period last year[4] - The company reported a credit impairment loss of ¥6,826,255.29, compared to ¥1,804,375.97 in the previous period, indicating a deterioration in credit quality[22] - Other comprehensive income after tax for the current period was ¥21,561,813.07, compared to a loss of ¥3,383,150.67 in the previous period[22] - The company received CNY 8,467,471.59 in tax refunds related to operating activities, an increase from CNY 4,862,319.07 in the previous period[25] Future Plans - The company is planning to issue shares to acquire assets and engage in related transactions, with announcements made on November 7, 2024[16] - The company plans to implement new accounting standards starting January 1, 2024, which will reclassify warranty-related costs from selling expenses to operating costs, impacting the financial statements by reducing selling expenses by CNY 6,042,467.96[23]