扬子新材(002652) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥70,618,037.02, a decrease of 19.11% compared to ¥87,305,552.35 in the same period last year[5] - The net loss attributable to shareholders was ¥4,653,949.08, which is a 6.16% increase from a loss of ¥4,384,022.13 in the previous year[5] - The total comprehensive income for the period was -4,653,949.08, compared to -4,384,022.13 in the previous period, indicating a decline[20] - Basic and diluted earnings per share were both -0.0091, slightly worse than -0.0086 in the previous period[20] Cash Flow - The net cash flow from operating activities was -¥1,496,500.98, a significant decline of 105.36% compared to a positive cash flow of ¥27,893,922.52 in the same period last year[5] - Cash inflows from operating activities totaled 78,275,418.58, down from 112,882,228.33 in the previous period[21] - Cash outflows from operating activities amounted to 79,771,919.56, compared to 84,988,305.81 in the previous period, resulting in a net cash flow from operating activities of -1,496,500.98[22] - Cash inflows from financing activities were 53,000,000.00, down from 68,000,000.00 in the previous period[22] - Cash outflows from financing activities totaled 63,925,406.25, compared to 97,078,411.32 in the previous period, leading to a net cash flow from financing activities of -10,925,406.25[22] - The ending balance of cash and cash equivalents was 8,783,231.21, down from 20,231,352.94 at the beginning of the period[22] - The company reported a net increase in cash and cash equivalents of -11,448,121.73, compared to -1,309,400.96 in the previous period[22] Assets and Liabilities - Total assets decreased by 5.55% to ¥455,933,475.52 from ¥482,745,487.64 at the end of the previous year[5] - As of March 31, 2025, total assets amounted to CNY 455,933,475.52, a decrease from CNY 482,745,487.64 at the beginning of the period, reflecting a decline of approximately 5.56%[14][17] - Total liabilities decreased from CNY 216,380,245.43 to CNY 194,222,182.39, representing a reduction of about 10.24%[17] Operating Costs and Expenses - Total operating costs were CNY 75,477,592.00, compared to CNY 90,724,892.28 in the prior period, a decrease of about 16.73%[18] - The company reported a 38.34% reduction in R&D expenses compared to the same period last year, indicating decreased investment in research projects[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,692, with the largest shareholder holding 30% of the shares[9] Government Support and Investments - The company received government subsidies amounting to ¥566,300.21, with a net impact of ¥424,725.16 after tax considerations[6] - The company is actively pursuing the recovery of investment funds totaling ¥31,748,200, which are due from a terminated equity cooperation agreement[12] - The company has initiated arbitration proceedings to recover CNY 30,748,200.00 in unpaid debts from a subsidiary[13] - A subsidiary has provided a guarantee for a financing loan of up to CNY 5,000,000.00 from China Everbright Bank[13] Cash Management - Cash and cash equivalents decreased from CNY 31,231,352.94 to CNY 19,783,231.21, a decline of approximately 36.67%[15] - Accounts receivable decreased from CNY 78,332,088.19 to CNY 67,750,703.06, a reduction of about 13.54%[15] - Inventory decreased from CNY 37,454,107.11 to CNY 34,079,109.90, reflecting a decline of approximately 9.00%[16] Audit and Accounting Standards - The company did not undergo an audit for the first quarter report[23] - The new accounting standards will be implemented starting in 2025, affecting the financial statements[24]