Financial Performance - The company's revenue for Q1 2025 was ¥357,677,616.02, a decrease of 18.18% compared to ¥437,161,393.08 in the same period last year[4]. - Net profit attributable to shareholders was ¥13,125,359.57, down 75.01% from ¥52,526,403.16 year-on-year[4]. - The net cash flow from operating activities was ¥4,783,473.30, a significant decline of 97.81% compared to ¥218,379,272.60 in the previous year[4]. - Total revenue for the current period was CNY 357,677,616.02, down from CNY 437,161,393.08 in the previous period, reflecting a decrease of approximately 18.2%[24]. - The company reported a net investment income of CNY 1,388,216.14, compared to CNY 288,742.06 in the previous period, showing a significant increase[24]. - The company's net profit for the current period is 13,125,359.57, a decrease from 52,526,403.16 in the previous period, representing a decline of approximately 75%[25]. - Operating profit for the current period is 21,180,102.54, compared to 58,658,563.36 in the previous period, indicating a decrease of about 64%[25]. - Total comprehensive income for the current period is -23,594,149.24, compared to 156,771,157.93 in the previous period, marking a substantial decrease[25]. - Basic and diluted earnings per share for the current period are both 0.03, down from 0.13 in the previous period, a decrease of approximately 77%[25]. - The company recorded other comprehensive income after tax of -36,719,508.81, compared to 104,244,754.77 in the previous period, indicating a significant decline[25]. Assets and Liabilities - Total assets increased by 64.54% to ¥5,890,834,420.97 from ¥3,580,189,321.92 at the end of the previous year[4]. - The company's total liabilities increased to CNY 3,261,621,102.79 from CNY 939,286,332.31, indicating a substantial rise in financial obligations[22]. - Cash and cash equivalents increased to CNY 551,358,947.90 from CNY 519,093,283.22, reflecting a growth of approximately 6.2%[21]. - The company's inventory decreased to CNY 172,388,305.62 from CNY 203,386,356.32, a decline of about 15.2%[21]. - The company’s long-term equity investments stood at CNY 3,354,796,541.41, indicating a stable investment strategy[21]. - The company’s retained earnings decreased to CNY 920,901,677.45 from CNY 945,358,147.68, a decline of approximately 2.6%[23]. Financing Activities - The net cash flow from financing activities was ¥2,372,225,548.90, a dramatic increase of 100752.52% compared to the previous year[11]. - Short-term borrowings surged by 1045.48% to ¥250,938,611.11, reflecting increased working capital loans[9]. - The company reported a 1392.72% increase in financial expenses to ¥20,799,740.46, primarily due to interest expenses from acquisition loans[10]. - The company generated cash inflows from financing activities of 2,388,579,119.32, compared to 5,691,200.00 in the previous period, indicating a substantial increase[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,760[13]. - Beijing Jingjufeng Energy Control Equipment Co., Ltd. holds 22.56% of shares, totaling 94,764,543 shares[13]. - BLACK RIVER FOOD 2 PTE. LTD. holds 12.09% of shares, totaling 50,793,618 shares[13]. - The company’s major shareholders include Qingdao Haisi Innovation Equity Investment Fund with 10.41% of shares[13]. - The company has a total of 3,356,120 shares held through a repurchase account[14]. - The company’s major shareholders do not participate in margin trading[15]. Acquisition Details - The company completed the acquisition of Funmei Packaging Co., Ltd., resulting in a long-term equity investment of ¥3,354,796,541.41[8]. - The company has received valid acceptances for 998,542,911 shares of Funmei Packaging, representing 70.96% of the total issued shares[18]. - After the transaction, the total shares held by the company and its concert parties in Funmei Packaging will be 1,375,675,495 shares, accounting for 97.76% of the total issued shares[18]. - The company’s acquisition of Funmei Packaging is part of a voluntary conditional cash offer[15]. - The offer for Funmei Packaging shares will remain open for acceptance until February 18, 2025[17]. - The company completed a significant asset acquisition as of February 28, 2025, with related announcements published on the same date[19]. Cash Flow Analysis - Cash flow from operating activities is 4,783,473.30, down from 218,379,272.60 in the previous period, reflecting a significant decline of approximately 98%[27]. - Cash and cash equivalents at the end of the period amount to 470,182,857.65, down from 780,117,138.50 in the previous period, a reduction of about 40%[28]. - The company reported a significant increase in cash outflows from investing activities, totaling -2,293,441,505.72, compared to -194,744,416.22 in the previous period[27]. - The company received cash related to investment activities amounting to 336,033,323.08, compared to 262,720,000.00 in the previous period, showing an increase[27].
新巨丰(301296) - 2025 Q1 - 季度财报