Financial Performance - Net profit attributable to shareholders for Q1 2025 was ¥15,039,232.76, up 3.22% compared to ¥14,569,685.78 in Q1 2024[9] - Operating revenue for the first quarter of 2025 was ¥79,932,617.11, representing a 1.33% increase year-over-year[9] - The total profit for Q1 2025 was CNY 17,652,160.93, slightly down from CNY 17,666,992.17 in Q1 2024, reflecting a decrease of approximately 0.08%[35] - The company's operating profit for Q1 2025 was CNY 17,651,000.40, slightly down from CNY 17,659,019.71 in Q1 2024, indicating a decrease of about 0.05%[35] - The company's net profit for Q1 2025 reached CNY 15,427,098.42, an increase from CNY 15,130,431.32 in Q1 2024, representing a growth of approximately 1.96%[35] - The total comprehensive income attributable to the parent company for Q1 2025 was CNY 15,039,232.76, compared to CNY 14,569,685.78 in Q1 2024, reflecting an increase of approximately 3.22%[35] Assets and Liabilities - Total assets as of March 31, 2025, reached ¥529,750,938.14, reflecting a 1.20% increase from the end of 2024[9] - The asset-liability ratio for the consolidated entity improved to 18.56%, down from 20.54% at the end of 2024[9] - Total liabilities decreased to 98,324,790.78 as of March 31, 2025, from 107,528,862.83 as of December 31, 2024, a reduction of approximately 8.83%[30] - The company's total liabilities to equity ratio improved to 0.23 as of March 31, 2025, down from 0.26 as of December 31, 2024, reflecting a stronger financial position[30] - The total assets as of March 31, 2025, were 529,750,938.14, slightly up from 523,469,947.60 as of December 31, 2024, showing an increase of about 0.54%[30] - The total non-current assets as of March 31, 2025, were 263,452,326.73, compared to 249,470,343.33 as of December 31, 2024, indicating an increase of approximately 5.73%[30] Cash Flow - The company's cash flow from operating activities decreased by 34.58% to ¥15,383,467.43 compared to the same period last year[9] - Cash flow from operating activities for Q1 2025 was impacted by a decrease in cash received from sales, which was CNY 84,442,060.80 compared to CNY 96,397,458.66 in the previous year[43] - Net cash flow from operating activities for Q1 2025 was CNY 15,161,641.48, down from CNY 26,720,419.28 in Q1 2024, indicating a decrease of about 43%[43] - Cash inflow from financing activities was CNY 5,000,000.00, significantly higher than CNY 2,400,000.00 in the previous year, marking an increase of over 108%[44] - Net cash flow from financing activities improved to CNY 4,894,875.01 from -CNY 3,107,488.88, indicating a positive turnaround[44] - The ending cash and cash equivalents balance increased to CNY 60,647,008.63 from CNY 54,012,535.31, reflecting a growth of approximately 12%[44] Shareholder Information - The total number of ordinary shareholders as of the report date was 5,003[16] - The total number of shares held by major shareholders includes Xu Aiming with 40,342,800 shares (41.72%), Zhu Ye with 7,800,000 shares (8.07%), and Zhang Wenjin with 7,717,300 shares (7.98%) [17] - The company has not pledged or frozen any shares, ensuring liquidity for shareholders [20] Expenses and Investments - Research and development expenses in Q1 2025 amounted to 3,995,316.80, up from 3,440,514.09 in Q1 2024, representing a growth of approximately 16.14%[34] - Research and development expenses for Q1 2025 totaled CNY 3,227,364.21, compared to CNY 2,841,181.71 in Q1 2024, showing an increase of approximately 13.6%[38] - The company reported a significant increase in receivables, with notes receivable rising by 114.21% to ¥3,287,370.56[10] - The construction in progress increased by 274.05% to ¥24,481,569.52, indicating ongoing investments in new projects[10] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 3.70%, slightly down from 3.92% in the previous year[9] - The company reported a credit impairment loss of CNY 474,116.84 in Q1 2025, significantly higher than CNY 159,047.59 in Q1 2024, representing an increase of about 197.5%[35] - The company achieved other income of CNY 1,160.63 in Q1 2025, down from CNY 8,972.46 in Q1 2024, representing a decline of approximately 87.0%[35] - The company reported a net investment income of 170,601.12 for Q1 2025, down from 312,997.63 in Q1 2024, representing a decline of about 45.40%[34]
易实精密(836221) - 2025 Q1 - 季度财报