Financial Performance - The company's revenue for Q1 2025 was CNY 178,728,163.91, representing a 28.63% increase compared to CNY 138,951,565.48 in the same period last year[5] - Net profit attributable to shareholders decreased by 4.07% to CNY 12,450,730.36 from CNY 12,978,828.66 year-on-year[5] - The net profit excluding non-recurring gains and losses increased by 14.76% to CNY 11,625,174.26 compared to CNY 10,129,792.07 in the previous year[5] - Net profit for the current period was ¥13,404,077.73, a slight decrease of 3.2% from ¥13,849,810.15 in the previous year[15] - Earnings per share (EPS) for the current period was ¥0.15, down from ¥0.16 in the same period last year[16] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 13,130,895.08, a decrease of 250.20% from CNY -3,749,538.70 in the same period last year[5] - Cash inflow from operating activities totaled ¥100,368,518.01, a decrease of 19.8% compared to ¥125,131,657.98 in the previous year[18] - Net cash flow from operating activities was -$13,130,895.08, compared to -$3,749,538.70 in the previous year[19] - Cash outflow from investing activities amounted to $38,717,405.57, up from $30,230,397.57 year-over-year[19] - Net cash flow from investing activities was -$38,717,405.57, compared to -$30,230,397.57 in the same period last year[19] - Cash inflow from financing activities was $5,000,000.00, down from $23,426,666.40 year-over-year[19] - Net cash flow from financing activities was $4,610,070.34, a decrease from $17,654,252.83 in the previous year[19] - The net increase in cash and cash equivalents was -$47,335,538.63, compared to -$16,466,318.79 in the same period last year[19] - The ending balance of cash and cash equivalents was $318,527,941.20, compared to $140,615,586.20 at the end of the same period last year[19] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 1,388,433,036.85, reflecting a 1.57% increase from CNY 1,367,019,824.99 at the end of the previous year[5] - Total liabilities decreased to ¥659,441,334.82 from ¥663,979,022.62 at the beginning of the period[13] - Total equity increased to ¥728,991,702.03 from ¥703,040,802.37 at the beginning of the period[13] Operating Costs and Expenses - The company's operating costs increased by 36.45% to CNY 135,909,756.67, primarily due to the rise in revenue[8] - Total operating costs amounted to ¥166,500,291.23, up 34.5% from ¥123,728,775.58 year-on-year[14] - Financial expenses surged by 630.79% to CNY 4,584,761.51, attributed to the issuance of convertible bonds and increased amortization costs[8] - The company reported a decrease in financial expenses to ¥4,584,761.51 from a negative expense of -¥863,766.23 in the previous year[15] - The company reported a significant decrease in income tax expenses, down 88.29% to CNY 213,978.75 from CNY 1,826,746.94 year-on-year[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,684[9] - The largest shareholder, Xinchang Yuanwei Technology Co., Ltd., holds 54.98% of shares, totaling 45,316,225 shares[9] Inventory and Receivables - Accounts receivable increased from ¥187,391,658.95 to ¥196,416,463.35, reflecting a growth of about 5.5%[11] - Inventory decreased from ¥248,637,198.77 to ¥224,556,384.94, a reduction of approximately 9.7%[11] - Accounts payable increased from ¥118,596,597.44 to ¥136,965,377.09, reflecting a growth of about 15.4%[12] - Short-term borrowings rose from ¥20,376,774.14 to ¥25,381,496.36, an increase of approximately 24.7%[12] Research and Development - Research and development expenses rose to ¥9,279,232.11, an increase of 11.9% from ¥8,282,144.47 year-on-year[15] Other Information - The company has no preferred shareholders or changes in restricted shares during the reporting period[10] - The company is actively involved in market expansion and new product development, although specific details were not disclosed in the provided content[10] - The company’s first quarter report was not audited[20] - The company will implement new accounting standards starting in 2025[20]
远信工业(301053) - 2025 Q1 - 季度财报