Financial Performance - The company's operating revenue for Q1 2025 was ¥29,717,970.39, a decrease of 72.93% compared to ¥109,785,485.94 in the same period last year[5] - Net profit attributable to shareholders was ¥53,513,497.55, a significant increase of 2,332.76% from a loss of ¥2,396,743.84 in the previous year[5] - Basic and diluted earnings per share were both ¥0.43, representing a 2,250.00% increase from a loss of ¥0.02 per share in the previous year[5] - Net profit for the current period is CNY 57,724,653.50, compared to CNY 2,203,387.98 in the previous period, showing a significant increase[20] - The net profit attributable to the parent company is CNY 53,513,497.55, a turnaround from a loss of CNY 2,396,743.84 in the previous period[20] Cash Flow - The net cash flow from operating activities reached ¥47,939,555.90, up 448.17% from a negative cash flow of ¥13,769,085.41 in the same period last year[5] - Cash flow from operating activities for the current period is CNY 152,560,101.70, down from CNY 207,114,669.20 in the previous period, indicating a decrease of approximately 26.4%[21] - Total cash inflow from investment activities amounted to $371,170,075.19, while cash outflow was $39,959.96, resulting in a net cash flow of $371,170,075.19[22] - The net increase in cash and cash equivalents was $340,272,791.38, compared to a decrease of -$16,840,236.12 in the previous period[23] - The ending balance of cash and cash equivalents was $460,449,383.15, up from $89,965,911.73 in the previous period[23] Assets and Liabilities - The company reported a total asset value of ¥963,727,946.82, down 16.99% from ¥1,160,970,682.59 at the end of the previous year[5] - The company’s total liabilities decreased from CNY 830,127,135.59 to CNY 575,159,746.32, reflecting a reduction of approximately 30.7%[16] - The company’s total current liabilities decreased from CNY 562,366,932.26 to CNY 310,392,200.02, a reduction of about 44.5%[16] - The company’s equity attributable to shareholders increased by 21.17% to ¥306,337,872.23 from ¥252,824,374.68 at the end of the previous year[5] - Total assets decreased to approximately RMB 963.73 million from RMB 1.16 billion, a decline of about 17%[15] Investments and Disposals - The company disposed of its subsidiary, resulting in a non-recurring gain of ¥48,463,808.71 from the sale[6][9] - The company has completed the transfer of 100% equity in Zhongsheng New Materials Technology (Yixing) Co., Ltd., effectively exiting the lubricating oil business[13] - The company reported a significant investment income of CNY 48,463,808.71, compared to a loss of CNY 437,441.78 in the previous period[19] - Cash received from interest, fees, and commissions was not specified but is part of the operating cash inflow[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,716[11] - The largest shareholder, Suzhou Wuzhong Rongyue Investment Management Co., holds 22.35% of shares, totaling 27,883,590 shares[11] Inventory and Receivables - The company reported accounts receivable of RMB 330.55 million, down from RMB 418.74 million, a decrease of about 21%[15] - Inventory increased to RMB 14.61 million from RMB 8.18 million, reflecting a growth of approximately 78%[15] Other Financial Metrics - The company’s retained earnings increased by 825.21% to ¥59,998,350.12, attributed to the significant rise in net profit[8] - The company has a goodwill of RMB 21.14 million, unchanged from the previous period[15] - Non-current assets totaled approximately RMB 48.40 million, slightly up from RMB 48.06 million, indicating a marginal increase[15] - The cash flow from investing activities was ¥371,170,075.19, a dramatic increase of 928,954.97% compared to a cash flow of -¥39,959.96 in the previous year[9] Audit Status - The first quarter report was not audited, indicating a preliminary financial position[24]
中晟高科(002778) - 2025 Q1 - 季度财报