江苏华辰(603097) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 289,079,172.19, representing a 15.28% increase compared to CNY 250,762,587.16 in the same period last year[5] - Net profit attributable to shareholders decreased by 10.57% to CNY 20,667,002.40 from CNY 23,109,894.96 year-on-year[5] - The basic earnings per share (EPS) fell by 10.53% to CNY 0.1292, down from CNY 0.1444 in the previous year[6] - Operating profit for Q1 2025 was ¥21,517,526.23, down 15.0% from ¥25,430,112.74 in Q1 2024[22] - Net profit for Q1 2025 was ¥20,601,130.34, a decrease of 10.9% compared to ¥23,104,868.61 in Q1 2024[23] - The company's total operating revenue growth indicates a positive trend in market demand despite the decline in net profit[22] Cash Flow - The net cash flow from operating activities was CNY 59,116,500.05, a significant improvement from a negative cash flow of CNY -47,175,058.95 in the previous year[6] - Cash flow from operating activities for Q1 2025 was ¥59,116,500.05, a significant improvement from a negative cash flow of ¥47,175,058.95 in Q1 2024[27] - Cash flow from operating activities for Q1 2025 was ¥433,393,524.35, significantly higher than ¥259,298,586.51 in Q1 2024, reflecting improved cash generation[38] - The net cash flow from operating activities was $62,585,592.48, a significant improvement compared to a net outflow of $47,243,639.72 in the previous period[39] Assets and Liabilities - Total assets increased by 1.75% to CNY 2,414,621,808.87 compared to CNY 2,373,026,460.36 at the end of the previous year[6] - The total number of ordinary shareholders at the end of the reporting period was 14,093[11] - The company's current assets totaled CNY 1,692,575,400.72, slightly down from CNY 1,709,275,133.78 at the end of 2024, indicating a decrease of about 1.0%[17] - The total liabilities of the company were CNY 1,356,319,740.96, up from CNY 1,339,637,322.79, marking an increase of approximately 1.2%[19] - The equity attributable to shareholders increased to CNY 1,046,048,895.30 from CNY 1,021,070,092.90, representing a growth of about 2.5%[19] - The total current assets as of March 31, 2025, amounted to ¥1,641,222,995.48, slightly decreased from ¥1,664,149,453.78 as of December 31, 2024[31] - The total liabilities as of March 31, 2025, were ¥1,348,147,180.70, compared to ¥1,335,344,678.06 at the end of 2024, indicating a slight increase[32] Inventory and Borrowings - Inventory increased to CNY 555,963,574.71 from CNY 468,118,228.05, reflecting a rise of approximately 18.7%[17] - Short-term borrowings decreased significantly from CNY 241,109,646.50 to CNY 123,334,112.94, a reduction of about 48.9%[19] - The long-term borrowings rose from CNY 170,241,078.79 to CNY 222,054,684.99, an increase of about 30.5%[19] - The short-term borrowings decreased significantly to ¥123,334,112.94 as of March 31, 2025, from ¥241,109,646.50 at the end of 2024, indicating improved liquidity[32] Accounting and Policy Changes - The company is adjusting its accounting policies effective January 1, 2024, which will impact the financial statements for the first quarter of 2024[6] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[40] Research and Development - Research and development expenses for Q1 2025 were ¥13,541,687.58, compared to ¥12,162,316.53 in Q1 2024, showing a commitment to innovation[34]