LDXC(SH:603937)2025-04-28 09:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 410,940,701.19, representing a 33.06% increase compared to CNY 308,829,494.28 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 12,256,166.87, compared to a profit of CNY 1,157,750.24 in the previous year, indicating a significant decline[4] - The company reported a basic earnings per share of -0.06 CNY, down from 0.01 CNY in the same period last year, reflecting the financial challenges faced[4] - Net profit for Q1 2025 was a loss of CNY 12,256,166.87, compared to a profit of CNY 1,157,750.24 in Q1 2024, indicating a substantial decline in profitability[19] - Basic earnings per share decreased to -0.06 RMB from 0.01 RMB year-over-year, while diluted earnings per share fell to -0.04 RMB from 0.02 RMB[20] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 137,000.75, a recovery from a negative cash flow of CNY -41,608,616.18 in the same period last year[4] - Operating cash flow for Q1 2025 was 137,000.75 RMB, a significant improvement from -41,608,616.18 RMB in Q1 2024[22] - Total cash inflow from operating activities was 236,068,459.83 RMB, down 17.5% from 285,938,065.49 RMB in the previous year[22] - Cash outflow from operating activities decreased to 235,931,459.08 RMB from 327,546,681.67 RMB, indicating improved cost management[22] - The company's cash and cash equivalents decreased to CNY 131,628,070.04 from CNY 136,912,819.13, a decline of 3.1%[13] - The cash and cash equivalents at the end of the period were 131,428,060.04 RMB, down from 259,436,840.30 RMB year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,574,336,843.57, an increase of 1.88% from CNY 2,526,921,472.83 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to CNY 1,290,090,142.43, an increase of 3.9% from CNY 1,241,082,789.99 on December 31, 2024[14] - Total liabilities as of March 31, 2025, were CNY 999,043,056.50, compared to CNY 939,372,402.30 at the end of 2024, reflecting a growth of 6.4%[15] - The equity attributable to shareholders decreased by 0.77% to CNY 1,575,293,787.07 from CNY 1,587,549,070.53 at the end of the previous year[5] Revenue and Costs - Total operating costs for Q1 2025 were CNY 424,695,229.34, up from CNY 310,062,225.17 in Q1 2024, reflecting a significant increase in costs[18] - The increase in operating revenue was mainly due to the production commencement of the subsidiary in Anhui, which contributed to the revenue growth[7] - The company reported a decrease in sales revenue from 245,942,363.45 RMB in Q1 2024 to 234,935,669.27 RMB in Q1 2025, reflecting a decline of approximately 4.1%[22] Research and Development - Research and development expenses for Q1 2025 were CNY 11,097,533.94, significantly higher than CNY 6,936,952.73 in Q1 2024, showing a 59.5% increase[19] Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 12,580, with the top ten shareholders holding a significant portion of the shares[9] Other Information - The company recognized non-recurring gains of CNY 2,488,058.35 during the reporting period, primarily from government subsidies and asset disposals[6] - The company is undergoing a factory relocation due to a demolition notice, with compensation of CNY 396,661,515.00 agreed upon for the affected property[11] - The company did not report any new product launches or significant market expansion strategies during the quarter[24] - The company is not applying new accounting standards for the first time in 2025[24]