恒兴新材(603276) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥186,801,027.13, representing a 21.43% increase compared to ¥153,837,088.72 in the same period last year[4] - Net profit attributable to shareholders decreased by 23.27% to ¥12,882,703.23 from ¥16,790,012.84 year-on-year[4] - Basic and diluted earnings per share both decreased by 25.00% to ¥0.06 from ¥0.08 year-on-year[4] - Total operating revenue for Q1 2025 reached ¥186,801,027.13, a 21.4% increase from ¥153,837,088.72 in Q1 2024[17] - Net profit for Q1 2025 was ¥12,882,703.23, a decrease of 23.4% compared to ¥16,790,012.84 in Q1 2024[19] - Earnings per share for Q1 2025 were ¥0.06, down from ¥0.08 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was negative at -¥22,828,514.86, a decline of 39.68% compared to -¥16,343,007.23 in the previous year[4] - Operating cash flow for Q1 2025 showed a net outflow of ¥22,828,514.86, worsening from a net outflow of ¥16,343,007.23 in Q1 2024[22] - Cash inflow from investment activities in Q1 2025 was ¥80,810,736.56, significantly lower than ¥245,567,829.68 in Q1 2024[22] - The company reported a total cash outflow from investment activities of ¥112,822,587.69 in Q1 2025, compared to ¥132,160,094.90 in Q1 2024[22] - The net cash flow from investing activities was -32,011,851.13, compared to 113,407,734.78 in the previous period[23] - The net cash flow from financing activities was 10,496,880.70, an improvement from -8,282,608.58 in the previous period[23] - Cash and cash equivalents at the end of the period totaled 148,098,881.29, down from 384,043,472.49 in the previous period[23] - The net decrease in cash and cash equivalents was -44,214,727.50, compared to an increase of 89,067,044.91 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,845,882,218.18, a slight increase of 1.04% from ¥1,826,810,509.33 at the end of the previous year[5] - The company's current assets totaled CNY 1,093,353,262.66, compared to CNY 1,067,244,296.53 at the end of 2024, reflecting a growth of approximately 2.43%[13] - The total current liabilities increased to CNY 75,380,693.88 from CNY 61,523,168.38, which is an increase of approximately 22.49%[14] - Short-term borrowings rose significantly to CNY 37,017,712.50 from CNY 18,517,712.50, reflecting an increase of about 100.78%[14] - Total liabilities increased to ¥102,669,189.73 in the latest report, up from ¥88,532,513.65[15] - The total liabilities of the company increased, indicating a potential shift in financial leverage[14] Shareholder Information - The top shareholder, Yixing Zhonggang Investment Co., Ltd., holds 46.95% of the shares, totaling 97,500,000 shares[9] - Total equity attributable to shareholders reached ¥1,743,213,028.45, slightly up from ¥1,738,277,995.68[15] Operational Insights - The cash flow from operating activities was primarily impacted by increased cash purchases of raw materials[8] - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[12] - Research and development expenses increased to ¥7,896,220.73 in Q1 2025, compared to ¥4,562,609.49 in Q1 2024, marking a 73.5% rise[18] Government Support - The company received government subsidies amounting to ¥28,144.29, which are closely related to its normal operations[6] Accounting Standards - The company will not apply the new accounting standards starting from 2025[24]