磁谷科技(688448) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥37,943,571.50, a decrease of 13.10% compared to ¥43,665,100.08 in the same period last year[5] - The net profit attributable to shareholders was -¥4,371,351.98, representing a decline of 708.00% from a profit of ¥718,968.71 in the previous year[5] - The net cash flow from operating activities was -¥43,141,280.30, worsening from -¥20,752,378.42 year-on-year[5] - The basic and diluted earnings per share were both -¥0.06, a decline of 700.00% compared to ¥0.01 in the same period last year[5] - The weighted average return on net assets decreased by 0.50 percentage points to -0.43%[5] - Net profit for Q1 2025 was a loss of CNY 4,503,677.97, compared to a profit of CNY 718,110.53 in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,378,403,524.34, a decrease of 3.91% from ¥1,434,519,166.73 at the end of the previous year[6] - Total current assets decreased from 1,092,095,892.24 RMB to 1,013,717,316.21 RMB, a decline of approximately 7.2%[17] - Cash and cash equivalents decreased from 502,573,802.18 RMB to 424,687,633.51 RMB, a reduction of about 15.5%[17] - Accounts receivable decreased from 294,399,707.41 RMB to 264,024,903.31 RMB, a decline of approximately 10.3%[17] - Inventory increased from 208,666,498.62 RMB to 235,504,145.58 RMB, an increase of about 12.9%[17] - Total liabilities decreased from 384,521,478.90 RMB to 331,832,859.11 RMB, a reduction of approximately 13.7%[18] - The total liabilities decreased to CNY 355,885,932.21 in the latest report from CNY 409,208,411.59 in the previous period[19] Research and Development - Research and development expenses totaled ¥9,628,899.05, down 11.64% from ¥10,897,012.25, while the R&D expense as a percentage of operating revenue increased to 25.38%[6] - The company reported a significant increase in research and development expenses, totaling CNY 9,628,899.05 in Q1 2025, compared to CNY 10,897,012.25 in Q1 2024[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 4,159[12] - The largest shareholder, Wu Lihua, holds 12,510,000 shares, representing 17.46% of total shares[12] Cash Flow - Cash inflow from investment activities in Q1 2025 was CNY 91,445,282.20, significantly lower than CNY 252,316,928.84 in Q1 2024[25] - Cash outflow from investment activities for Q1 2025 was CNY 125,344,967.11, compared to CNY 272,341,349.17 in Q1 2024[25] - Net cash flow from financing activities was 1,500,000.00[27] - Cash outflow from financing activities totaled 806,368.00, with 631,368.00 related to other financing activities[27] - The net increase in cash and cash equivalents was -77,886,168.67, showing a significant decline[27] - The beginning balance of cash and cash equivalents was 502,462,802.18[27] - The ending balance of cash and cash equivalents was 424,576,633.51, down from the previous period[27] Strategic Outlook - The company experienced a significant decrease in net profit primarily due to reduced income from magnetic levitation blowers and a lack of substantial government subsidies received in the previous year[9] - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[9] - The company has not reported any significant new strategies or product developments during the reporting period[14] Accounting Standards - The company will not apply new accounting standards starting from 2025[27]