Financial Performance - The company's operating revenue for Q1 2025 was CNY 65,412,848.39, a decrease of 52.70% compared to CNY 138,291,966.98 in the same period last year[4] - Net profit attributable to shareholders was CNY 24,632,219.11, down 67.52% from CNY 75,841,933.10 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 17,350,953.42, reflecting a 76.23% decline from CNY 73,000,684.49 in the previous year[4] - Operating profit for Q1 2025 was CNY 28,206,270.81, a decline of 67.7% compared to CNY 86,989,097.24 in Q1 2024[20] - Basic and diluted earnings per share were both CNY 0.06, down 71.43% from CNY 0.21 in the previous year[5] - Basic and diluted earnings per share for Q1 2025 were CNY 0.06, down from CNY 0.21 in Q1 2024[21] Cash Flow and Liquidity - The net cash flow from operating activities increased by 139.17%, reaching CNY 241,974,648.53 compared to CNY 101,171,336.82 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was CNY 241,974,648.53, an increase of 139.5% compared to CNY 101,171,336.82 in Q1 2024[23] - Cash and cash equivalents dropped significantly from CNY 1,927,378,714.53 to CNY 771,242,651.43, a decrease of approximately 60.00%[15] - Cash and cash equivalents at the end of Q1 2025 were CNY 767,366,388.76, compared to CNY 672,876,996.69 at the end of Q1 2024[24] - The company reported a net cash outflow from investing activities of CNY -1,266,908,461.08 in Q1 2025, compared to CNY -19,581,061.11 in Q1 2024[24] Research and Development - Research and development expenses totaled CNY 27,995,673.22, an increase of 69.93% year-on-year, representing 42.80% of operating revenue, up from 11.91%[5][9] - Research and development expenses increased to CNY 27,995,673.22 in Q1 2025, up 70.5% from CNY 16,474,492.76 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,454,471,618.16, a decrease of 5.34% from CNY 3,649,181,998.16 at the end of the previous year[5] - The total current assets decreased to CNY 2,109,989,905.08 from CNY 3,140,434,892.66, indicating a reduction of about 32.77%[15] - Total liabilities decreased from CNY 439,269,236.89 to CNY 339,929,637.78, a reduction of about 22.56%[17] - The company's equity attributable to shareholders decreased from CNY 3,209,912,761.27 to CNY 3,114,541,980.38, a decline of approximately 2.96%[17] - The company reported a current liability total of CNY 305,750,803.72, down from CNY 403,942,746.73, indicating a decrease of about 24.25%[17] Inventory and Accounts Receivable - Inventory increased by 43.97% due to increased procurement of raw materials for new product development and stockpiling[8] - Accounts receivable decreased from CNY 900,093,908.62 to CNY 674,731,914.00, reflecting a decline of about 25.06%[15] - Inventory increased from CNY 114,704,958.30 to CNY 165,141,300.66, marking an increase of approximately 43.73%[15] Shareholder Information - The company reported a total of 13,125 common shareholders at the end of the reporting period[10] Corporate Developments - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[13] - There are no significant changes in the shareholder structure or any new mergers and acquisitions reported[12] - The company has not engaged in any mergers under common control during the reporting period[21]
佳驰科技(688708) - 2025 Q1 - 季度财报