SOKAN(SH:688157)2025-04-28 09:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 153,116,201.85, representing a 13.24% increase compared to CNY 135,215,546.47 in the same period last year[3]. - Net profit attributable to shareholders decreased by 68.52% to CNY 3,805,026.37 from CNY 12,087,705.83 year-on-year[3]. - Basic and diluted earnings per share fell by 72.73% to CNY 0.03 from CNY 0.11 in the same period last year[3]. - The company reported a net profit of CNY 3.81 million, a decrease of 68.52% year-on-year, attributed to increased R&D and sales expenses[11]. - Net profit for Q1 2025 was ¥3.59 million, a decrease of 68.6% from ¥11.47 million in Q1 2024[18]. - The company's gross profit margin for Q1 2025 was approximately 2.5%, down from 9.3% in Q1 2024[18]. - Operating profit decreased to RMB 13.68 million in Q1 2025 from RMB 22.14 million in Q1 2024, representing a decline of 38.49%[29]. - Net profit for Q1 2025 was RMB 14.82 million, down 28.63% from RMB 20.74 million in Q1 2024[29]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 88,553,775.20, compared to a negative cash flow of CNY -22,530,130.20 in the previous year[3]. - The net cash flow from operating activities for Q1 2025 was ¥88,553,775.20, a significant improvement compared to a net cash outflow of ¥22,530,130.20 in Q1 2024, representing a turnaround of approximately 493%[22]. - Total cash inflow from operating activities increased to ¥296,595,112.92 in Q1 2025, up 97% from ¥150,585,675.52 in Q1 2024[22]. - Cash and cash equivalents increased to CNY 306.83 million from CNY 247.86 million, reflecting improved liquidity[14]. - Cash and cash equivalents at the end of Q1 2025 stood at ¥303,759,651.57, compared to ¥130,515,992.66 at the end of Q1 2024, marking an increase of approximately 132%[22]. - The total cash and cash equivalents at the end of Q1 2025 stood at RMB 165.78 million, an increase from RMB 116.76 million at the end of Q1 2024[32]. Research and Development - Research and development expenses totaled CNY 24,701,436.53, accounting for 16.41% of operating revenue, an increase of 0.34 percentage points from the previous year[4]. - The company reported a significant increase in sales and R&D expenses, which contributed to the decline in net profit[6]. - The company has over 25 interactive R&D projects in high-end consumer electronics, more than three times the number from the previous year, with a 32.20% increase in sample testing[12]. - Research and development expenses increased to ¥24.70 million in Q1 2025, compared to ¥21.73 million in Q1 2024, reflecting a growth of 13.8%[18]. - Research and development expenses increased to RMB 12.92 million in Q1 2025, up 18.38% from RMB 10.91 million in Q1 2024[28]. Assets and Liabilities - Total assets increased by 3.33% to CNY 1,867,422,185.11 from CNY 1,807,282,664.30 at the end of the previous year[4]. - As of March 31, 2025, the company's total current assets amounted to CNY 879.69 million, up from CNY 844.21 million at the end of 2024[14]. - The total assets of the company as of the reporting date were ¥1.87 billion, an increase from ¥1.81 billion in the previous period[16]. - Total liabilities increased to ¥514.40 million, up from ¥458.99 million, indicating a rise of 12.1%[16]. - The company's total liabilities decreased to ¥344,417,131.52 as of March 31, 2025, from ¥395,746,298.39 at the end of 2024, reflecting a reduction of approximately 13%[26]. - The total equity increased to ¥1,414,940,210.29 as of March 31, 2025, compared to ¥1,397,584,522.39 at the end of 2024, indicating a growth of about 1.25%[26]. Market and Strategic Focus - The company is focusing on market expansion and increasing R&D investment to drive future growth[6]. - The company is focusing on strategic market investments to enhance sales momentum for future growth[11]. - New orders for UV insulation ink products have been secured from lithium battery platform clients, indicating successful market expansion[13]. - Revenue from the high-end consumer electronics sector was CNY 112.54 million, a slight increase of 0.37%, with mobile phone and related accessory coating materials growing by 15.02% year-on-year[11]. - The automotive sector saw a significant revenue increase of 78.17% year-on-year, reaching CNY 37.97 million, driven by new strategic customer projects[11]. - The company is expanding its product lines in the automotive sector, with new products in mass production, particularly in exterior coating materials[12].