Financial Performance - The company's operating revenue for Q1 2025 reached ¥2,265,287,776.32, representing a 25.52% increase compared to ¥1,804,783,164.33 in the same period last year[3] - Net profit attributable to shareholders was ¥36,539,405.61, up 10.85% from ¥32,962,163.55 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 32.03%, amounting to ¥35,715,036.32 compared to ¥27,050,303.01 in the previous year[3] - Total operating revenue for Q1 2025 reached ¥2,265,287,776.32, a 25.6% increase from ¥1,804,783,164.33 in Q1 2024[16] - Net profit for Q1 2025 was ¥36,539,405.61, representing a 10.4% increase compared to ¥32,962,163.55 in Q1 2024[17] - The total profit for Q1 2025 was ¥41,801,022.87, up from ¥36,715,314.79 in Q1 2024, reflecting a growth of 5.9%[17] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,871,357,294.58, a 15.79% increase from ¥3,343,329,458.29 at the end of the previous year[4] - The company's cash and cash equivalents amounted to RMB 991,042,562.57, up from RMB 711,566,565.81, representing a growth of about 39.2%[12] - Accounts receivable increased to RMB 1,407,519,851.49 from RMB 1,336,117,352.64, indicating a rise of approximately 5.4%[12] - Total current liabilities rose to RMB 1,954,302,576.75 from RMB 1,856,962,104.17, marking an increase of around 5.2%[14] - The company's total equity attributable to shareholders increased to RMB 1,722,268,742.00 from RMB 1,354,659,212.34, showing a growth of approximately 27.1%[15] - The company's inventory as of March 31, 2025, was RMB 589,799,542.88, compared to RMB 549,787,573.04, reflecting an increase of about 7.3%[12] - Short-term borrowings increased to RMB 900,897,293.10 from RMB 799,430,238.30, which is an increase of approximately 12.6%[13] - The company’s total liabilities increased to RMB 2,149,088,552.58 from RMB 1,988,670,245.95, marking a growth of around 8.1%[14] Cash Flow - The net cash flow from operating activities was negative at -¥333,130,077.02, compared to -¥273,242,051.46 in the previous year, indicating a decline in cash flow[3] - Cash flow from operating activities for Q1 2025 was negative at -¥333,130,077.02, worsening from -¥273,242,051.46 in Q1 2024[20] - Cash inflow from financing activities in Q1 2025 was ¥1,204,435,288.98, compared to ¥551,354,043.60 in Q1 2024, indicating a strong increase in financing[20] - The company reported a net cash outflow from investment activities of -¥2,084,662.24 in Q1 2025, an improvement from -¥20,153,391.66 in Q1 2024[20] Shareholder Information - Shareholders' equity attributable to the parent company increased by 27.14%, reaching ¥1,722,268,742.00 compared to ¥1,354,659,212.34 at the end of the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 28,137[8] Earnings Per Share - The basic earnings per share for the period was ¥0.33, reflecting a 10.00% increase from ¥0.30 in the same period last year[3] - Basic and diluted earnings per share for Q1 2025 were both ¥0.33, compared to ¥0.30 in Q1 2024[18] Research and Development - The company experienced a slight increase in research and development expenses, which rose to ¥12,899,952.61 in Q1 2025 from ¥10,463,664.02 in Q1 2024[16] Government Subsidies - The company received government subsidies amounting to ¥900,000.00, which are closely related to its normal business operations[5]
江南新材(603124) - 2025 Q1 - 季度财报