长阳科技(688299) - 2025 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2025 was CNY 266,767,329.54, a decrease of 14.97% compared to the same period last year[4] - Net profit attributable to shareholders increased by 72.02% to CNY 14,162,433.12 from CNY 8,232,833.25 year-on-year[4] - Net profit after deducting non-recurring gains and losses rose by 95.43% to CNY 12,366,342.44[4] - The net profit for the first quarter of 2025 was CNY 14,162,433.12, an increase of 71.5% compared to CNY 8,232,833.25 in the same period of 2024[21] - The total comprehensive income for the first quarter of 2025 was CNY 14,146,285.09, compared to CNY 8,239,844.87 in the first quarter of 2024, representing an increase of 71.5%[21] Cash Flow and Investments - Operating cash flow for the period was CNY 23,510,284.85, a significant improvement from a negative cash flow of CNY -59,354,865.53 in the previous year[4] - The net cash flow from operating activities for the first quarter of 2025 was CNY 23,510,284.85, a significant improvement from a negative CNY 59,354,865.53 in the first quarter of 2024[23] - The net cash flow from investing activities for the first quarter of 2025 was CNY -43,716,439.81, an improvement from CNY -69,669,069.50 in the first quarter of 2024[24] - The company reported an investment loss of CNY -949,059.85 in the first quarter of 2025, compared to a gain of CNY 78,334.99 in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the period were CNY 3,332,699,452.22, down 1.48% from the end of the previous year[5] - As of March 31, 2025, the company's total assets amounted to CNY 3,332,699,452.22, down from CNY 3,382,828,872.53 at the end of 2024[17] - The total liabilities decreased to CNY 1,231,084,280.15 from CNY 1,295,359,985.55, showing a reduction of approximately 5%[17] - Non-current assets totaled CNY 2,074,510,190.85, slightly down from CNY 2,079,264,944.54[16] - The company’s equity attributable to shareholders increased to CNY 2,101,615,172.07 from CNY 2,087,468,886.98, showing a modest increase[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,704[9] - The top shareholder, Jin Yadong, holds 15.70% of the shares, totaling 45,593,922 shares[10] Research and Development - R&D investment totaled CNY 13,451,230.91, a decrease of 17.31% year-on-year, with R&D expenses accounting for 5.04% of revenue[5] - Research and development expenses decreased to CNY 13,451,230.91 in the first quarter of 2025 from CNY 16,267,506.90 in the same period of 2024, reflecting a reduction of 17.3%[20] Inventory and Receivables - The company’s inventory decreased to CNY 250,060,300.67 from CNY 260,714,663.54, reflecting a decline of about 4%[15] - Accounts receivable increased to CNY 527,163,149.71 from CNY 516,752,803.29, indicating a rise of about 2.5%[15] Other Financial Metrics - The weighted average return on equity increased to 0.68%, up from 0.38% in the previous year[4] - The basic and diluted earnings per share for the first quarter of 2025 were both CNY 0.05, compared to CNY 0.03 in the first quarter of 2024, an increase of 66.7%[21] - Non-recurring gains and losses for the period amounted to CNY 1,796,090.68 after tax[7] - The company reported a significant decline in the price of lithium battery separators, which is expected to lead to substantial losses in 2024 due to increased competition and cost pressures[12] - The company has recognized credit impairment for specific accounts receivable, indicating potential risks of further impairment and customer claims if resolutions are not reached[12]