Financial Performance - The company's operating revenue for Q1 2025 was ¥164,727,697.68, a slight decrease of 0.06% compared to ¥164,825,172.95 in the same period last year[5] - Net profit attributable to shareholders decreased by 26.16% to ¥28,269,812.48 from ¥38,287,362.12 year-on-year[5] - The net profit after deducting non-recurring gains and losses fell by 50.95% to ¥18,377,974.94, primarily due to increased market competition and global trade friction leading to a decline in average product prices and gross margin[7] - Basic and diluted earnings per share decreased by 23.08% to ¥0.20 from ¥0.26 year-on-year[5] - Operating profit decreased to ¥26,715,989.90, down 40.9% from ¥45,237,296.87 in the previous period[20] - The net profit for the current period was ¥28,269,812.48, a decrease of 26.2% compared to ¥38,287,362.12 in the previous period[20] - The net profit attributable to the parent company was ¥28,269,812.48, a decrease from ¥38,287,362.12 in the previous period, representing a decline of approximately 26.4%[21] Cash Flow and Assets - The net cash flow from operating activities was ¥46,939,715.56, down 9.79% from ¥52,036,378.63 in the previous year[5] - Cash inflow from operating activities totaled ¥210,361,285.56, down 17.3% from ¥254,549,613.02 in the previous period[22] - Cash inflow from investment activities was ¥1,737,353,385.04, down from ¥1,995,595,123.29, reflecting a decrease of 13.0%[23] - The net cash flow from investment activities was ¥1,721,294,874.96, significantly up from ¥195,915,556.30 in the previous period[23] - The cash and cash equivalents at the end of the period were ¥1,959,952,164.76, down from ¥2,210,979,513.29 in the previous period[23] - The company's cash and cash equivalents increased significantly to approximately 1.97 billion yuan from 258.55 million yuan compared to the previous period[17] - Total assets at the end of the reporting period were ¥3,114,711,551.92, reflecting a 0.26% increase from ¥3,106,736,275.74 at the end of the previous year[5] - Total current assets amounted to approximately 2.35 billion yuan, showing a slight increase from 2.34 billion yuan in the previous period[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,859[9] - The largest shareholder, Zhang Zhijiang, holds 31.92% of the shares, totaling 45,472,698 shares[9] - The company completed the first phase of its share repurchase plan, acquiring 4,311,889 shares, which is 2.94% of the total share capital, with a total transaction amount of approximately 85.48 million yuan[15] - The company has approved a stock incentive plan to align the interests of management and shareholders, aiming for sustainable development[13] Market and Competition - The company reported a sales revenue of 24.1 million yuan from the US market in Q1 2025, accounting for 14.63% of total operating revenue[12] - The company is subject to a countervailing duty rate of 22.84% and an anti-dumping duty rate of 127.35% as per the US Department of Commerce's preliminary rulings[11] - The company has established a special task force and hired a professional legal team to address the ongoing dual anti-dumping and countervailing investigations[12] - The company plans to enhance its marketing efforts in domestic and other overseas markets to mitigate the impact of the dual investigations[12] Expenses and Liabilities - Total operating costs increased significantly to ¥148,197,153.54, up 21.2% from ¥122,280,391.21 in the previous period[20] - Total liabilities increased to ¥289,546,289.64, up 2.3% from ¥281,583,250.35 in the previous period[19] - Research and development expenses were ¥5,922,694.29, slightly up from ¥5,656,793.94 in the previous period[20] - Financial expenses showed a significant improvement, with a net income of -¥1,813,480.84 compared to -¥15,986,893.24 in the previous period[20] - The deferred income tax liabilities decreased to ¥110,451.38 from ¥5,319,151.38 in the previous period, indicating a significant reduction[20] Audit and Reporting - The company did not undergo an audit for the first quarter report[24]
绿通科技(301322) - 2025 Q1 - 季度财报