万向德农(600371) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥73,067,901.82, a decrease of 21.87% compared to ¥93,525,228.84 in the same period last year[5] - The net profit attributable to shareholders for Q1 2025 was ¥22,679,207.62, down 34.41% from ¥34,578,742.51 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,253,269.23, reflecting a 34.77% decline compared to ¥34,114,732.14 in the previous year[5] - The basic earnings per share for Q1 2025 was ¥0.08, a decrease of 34.41% from ¥0.12 in the same period last year[5] - Operating profit for Q1 2025 was CNY 25,060,066.83, compared to CNY 38,046,792.08 in Q1 2024, indicating a decline of 34.2%[18] - Net profit for Q1 2025 was CNY 25,040,066.83, down 34.2% from CNY 38,046,792.08 in Q1 2024[18] - Basic and diluted earnings per share for Q1 2025 were CNY 0.0049, compared to CNY 0.0115 in Q1 2024, reflecting a decline of 57.4%[32] - The company reported a total comprehensive income of CNY 1,431,474.76 for Q1 2025, down 57.5% from CNY 3,366,296.34 in Q1 2024[32] Assets and Liabilities - The total assets at the end of Q1 2025 were ¥758,767,053.10, representing a decrease of 6.25% from ¥809,366,114.51 at the end of the previous year[5] - Total current assets decreased to CNY 565,411,814.29 as of March 31, 2025, from CNY 614,727,855.31 as of December 31, 2024, a decline of 8.0%[14] - Total non-current assets slightly decreased to CNY 193,355,238.81 as of March 31, 2025, from CNY 194,638,259.20 as of December 31, 2024[14] - Total liabilities decreased to CNY 106,813,027.42 as of March 31, 2025, from CNY 182,452,155.66 as of December 31, 2024, a significant reduction of 41.5%[15] - The company's total liabilities remained stable at 1,568,589.54 RMB as of March 31, 2025, compared to 1,674,013.84 RMB at the end of 2024[27] Equity - Total equity increased to CNY 651,954,025.68 as of March 31, 2025, compared to CNY 626,913,958.85 as of December 31, 2024, an increase of 4.0%[15] - The company's total equity increased to 505,387,974.32 RMB as of March 31, 2025, from 503,956,499.56 RMB at the end of 2024, reflecting a growth of approximately 0.3%[27] Cash Flow - The net cash flow from operating activities for Q1 2025 was -¥23,172,611.10, an improvement from -¥55,070,953.62 in the same period last year[5] - In Q1 2025, the company's operating cash flow was negative at -23,172,611.10 RMB, compared to -55,070,953.62 RMB in Q1 2024, indicating an improvement of approximately 58.1% year-over-year[22] - Total cash inflow from operating activities was 32,737,181.87 RMB in Q1 2025, down from 51,973,454.30 RMB in Q1 2024, reflecting a decrease of about 37%[22] - The company's cash and cash equivalents at the end of Q1 2025 were 337,143,336.69 RMB, down from 434,978,571.58 RMB at the end of Q1 2024, indicating a decrease of about 22.5%[23] - Total cash and cash equivalents at the end of Q1 2025 were CNY 159,687,832.94, compared to CNY 217,418,244.22 at the end of Q1 2024, indicating a decrease of 26.5%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,068[9] - The largest shareholder, Wanxiang San Nong Group Co., Ltd., held 142,650,135 shares, accounting for 48.76% of the total shares[10] Research and Development - Research and development expenses for Q1 2025 were CNY 4,051,060.24, up from CNY 2,199,994.48 in Q1 2024, reflecting an increase of 84.3%[18] Government Support - The company received government subsidies amounting to ¥490,157.56 during the reporting period[7] Future Outlook - The company is focusing on improving cash flow management and operational efficiency to enhance financial stability moving forward[22] - The company reported a total operating revenue for Q1 2025, with specific figures not disclosed in the provided content, but it is essential to monitor this for future performance analysis[29] - The company’s net profit for Q1 2025 is not detailed in the provided content, but it is crucial to assess profitability trends in future reports[29] - The company did not report any cash inflow from investment activities in Q1 2025, while it recorded CNY 72,000,000.00 in Q1 2024[34] - The company has not applied new accounting standards or interpretations starting from 2025[35]