Recodeal(SH:688800)2025-04-28 10:40Financial Performance - The company's revenue for Q1 2025 reached ¥761,377,937.38, representing a 64.66% increase compared to ¥462,392,407.13 in the same period last year[3] - Net profit attributable to shareholders was ¥75,608,903.44, an increase of 81.36% from ¥41,690,342.36 year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥73,446,291.71, reflecting an 80.11% increase compared to ¥40,777,453.03 in the previous year[3] - Basic earnings per share rose to ¥0.48, an increase of 84.62% from ¥0.26 in the same period last year[4] - Net profit for Q1 2025 was ¥76,352,684.46, representing a 75.0% increase from ¥43,626,253.03 in Q1 2024[18] - Earnings per share for Q1 2025 was ¥0.48, compared to ¥0.26 in Q1 2024[18] Assets and Liabilities - The company's total assets increased by 4.62% to ¥4,520,798,128.58 from ¥4,321,263,951.75 at the end of the previous year[4] - Non-current assets totaled ¥1,357,573,260.13, an increase from ¥1,307,398,816.47 year-over-year[14] - Total liabilities rose to ¥2,311,438,116.52, up from ¥2,189,517,280.62, indicating an increase of 5.6%[15] - The total current assets reached ¥3,163,224,868.45, up from ¥3,013,865,135.28 in the previous year[13] Cash Flow - The net cash flow from operating activities was ¥52,875,883.64, a significant recovery from a negative cash flow of ¥64,030,898.07 in the previous year[3] - In Q1 2025, the company reported cash inflows from operating activities of ¥618,445,739.73, a significant increase of 74.8% compared to ¥353,506,514.03 in Q1 2024[19] - The net cash flow from operating activities for Q1 2025 was ¥52,875,883.64, recovering from a loss of ¥64,030,898.07 in Q1 2024[19] - Cash inflows from financing activities totaled ¥383,241,627.49 in Q1 2025, compared to ¥265,073,981.23 in Q1 2024, marking a 44.5% increase[20] - The company experienced a net cash outflow from investing activities of ¥234,179,731.64 in Q1 2025, compared to a net outflow of ¥79,681,745.44 in Q1 2024[20] Research and Development - Research and development expenses totaled ¥36,616,144.89, up 24.26% from ¥29,467,283.45, but the R&D expense as a percentage of revenue decreased to 4.81% from 6.37%[4] - The company reported a significant increase in research and development expenses, which amounted to ¥36,616,144.89 in Q1 2025, compared to ¥29,467,283.45 in Q1 2024[17] Market Expansion and Strategy - The increase in revenue was primarily driven by higher penetration rates in the new energy vehicle market and the stable operation of the company's U.S. factory[8] - The company is focusing on expanding its overseas market presence, particularly in the U.S. and Mexico, with investments in robotics, medical, AI, and automotive sectors contributing to growth[8] - The company plans to expand its market presence and invest in new technologies to drive future growth[16] Shareholder Information - Total number of common shareholders at the end of the reporting period was 12,928[10] - The largest shareholder, Wu Shijun, holds 45,150,000 shares, representing 28.50% of total shares[10] Inventory and Receivables - Accounts receivable increased to ¥905,844,174.04 from ¥895,747,358.89 year-over-year[13] - The company reported a significant increase in receivables financing, rising to ¥403,577,479.14 from ¥287,480,715.79[13] - Inventory decreased to ¥567,927,773.09 from ¥607,192,981.77, indicating a reduction in stock levels[13]