NHL(SH:600262)2025-04-28 08:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 880,967,399.98, representing a 6.41% increase compared to CNY 827,937,082.88 in the same period last year[4] - Net profit attributable to shareholders was CNY 63,462,155.57, up 22.19% from CNY 51,938,833.38 year-on-year[4] - Basic and diluted earnings per share increased by 19.35% to CNY 0.37, up from CNY 0.31 in the same period last year[4] - Operating profit for Q1 2025 was CNY 76,900,120.69, slightly up from CNY 74,944,484.93 in the same period last year[18] - Total revenue for Q1 2025 reached CNY 880,967,399.98, an increase of 6.4% compared to CNY 827,937,082.88 in Q1 2024[17] - Net profit attributable to shareholders for Q1 2025 was CNY 63,462,155.57, representing a significant increase of 22.3% from CNY 51,938,833.38 in Q1 2024[19] Cash Flow - The net cash flow from operating activities surged by 824.70% to CNY 647,715,403.78, compared to CNY 70,046,344.67 in the previous year[4] - The total cash inflow from operating activities increased significantly, highlighting improved operational efficiency and revenue generation capabilities[21] - The net cash flow from investing activities was -3,362,639.53, a decrease from -3,709,152.91[22] - Cash inflow from financing activities totaled 7,626,267.40, down from 10,533,895.53[22] - The net cash flow from financing activities was 264,712.49, a significant improvement from -18,815,534.40[22] - The net increase in cash and cash equivalents was 642,996,402.33, up from 47,480,501.63[22] - The ending balance of cash and cash equivalents was 1,496,849,728.01, compared to 585,452,654.30 at the beginning of the period[22] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,097,350,008.82, a 20.81% increase from CNY 4,219,483,621.76 at the end of the previous year[5] - The company's current liabilities, including accounts payable, increased to RMB 968,126,695.76 from RMB 698,538,157.94, which is an increase of approximately 38.7%[15] - Total liabilities increased to CNY 3,266,927,123.24 in Q1 2025, up from CNY 2,454,866,089.25 in Q1 2024[16] - The total equity attributable to shareholders rose to CNY 1,694,394,754.25, compared to CNY 1,630,090,229.99 in the previous year[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,636, indicating a stable shareholder base[9] Research and Development - Research and development expenses decreased by 32.24%, attributed to a reduction in materials used as projects entered different phases[6] - Research and development expenses decreased to CNY 15,081,904.61 in Q1 2025 from CNY 22,257,153.38 in Q1 2024, indicating a focus on cost management[18] Inventory and Receivables - Accounts receivable rose to RMB 737,229,702.46 from RMB 369,844,950.32, indicating an increase of approximately 99.4%[14] - Inventory levels increased to RMB 1,686,895,123.34 from RMB 1,415,852,774.34, reflecting a growth of about 19.1%[14] Government Subsidies - The company received government subsidies amounting to CNY 674,497.74, which positively impacted its financial performance[6] Contractual Obligations - The company signed a mining vehicle procurement contract with Walkerworth Mining Co., with an initial contract value of approximately USD 64.5 million, and received a 20% advance payment[11] - The company has delivered all mining vehicle products under the contract with Walkerworth Mining Co. by December 2022, with payments received as agreed[11] - The company is currently facing uncertainties regarding the execution of subsequent orders based on the operational needs of the buyer[12] - The company has not procured any mining vehicles for the North Mountain Company as of December 31, 2020, due to project delays[13]