Financial Performance - The company's operating revenue for Q1 2025 was ¥233,501,457.76, representing a 4.38% increase compared to ¥223,702,624.57 in the same period last year[4]. - The net profit attributable to shareholders decreased by 77.86% to ¥2,431,307.85 from ¥10,980,520.66 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 85.92% to ¥1,237,014.66 compared to ¥8,788,553.17 in the previous year[4]. - Total operating revenue for the current period reached ¥233,501,457.76, an increase of 4.0% compared to ¥223,702,624.57 in the previous period[19]. - Net profit for the current period was ¥2,431,307.85, a significant decrease of 77.9% from ¥10,980,520.66 in the previous period[20]. - Total operating costs amounted to ¥232,528,361.53, up from ¥213,003,504.06, reflecting a year-over-year increase of 9.2%[19]. - Research and development expenses for the current period were ¥30,318,847.44, compared to ¥26,180,250.35 in the previous period, indicating a year-over-year increase of 15.8%[19]. - The company reported a decrease in basic and diluted earnings per share to ¥0.0347 from ¥0.1555 in the previous period[20]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 36.40% to ¥53,501,363.95 from ¥39,224,718.55 year-on-year[4]. - Cash inflow from investment activities totaled ¥296,528,448.31, while cash outflow was ¥587,755,296.99, resulting in a net cash flow of -¥291,226,848.68[22]. - The net cash flow generated from financing activities was $104,125,349.79, a turnaround from a negative cash flow of $5,888,966.96 in the prior period[23]. - The net increase in cash and cash equivalents was -¥131,942,129.21, worsening from -¥30,973,492.95 in the previous period[23]. - The ending balance of cash and cash equivalents was $558,787,388.10, compared to $524,065,443.59 in the prior period, showing an increase of approximately 6.5%[23]. - The impact of exchange rate changes on cash and cash equivalents was $1,658,005.73, down from $2,084,774.92 in the previous period[23]. - The company's cash and cash equivalents decreased to RMB 699,787,388.10 from RMB 831,729,517.31, reflecting a decline of approximately 16%[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,697,532,391.45, a 3.05% increase from ¥2,617,615,579.02 at the end of the previous year[4]. - The total liabilities at the end of the period were ¥1,029,680,842.39, an increase from ¥952,664,019.46 at the beginning of the period[17]. - The total current liabilities increased to RMB 941,389,684.10 from RMB 862,336,508.06, representing an increase of approximately 9%[16]. - The company’s non-current assets totaled RMB 1,172,219,792.37, up from RMB 1,141,876,630.94, marking an increase of about 2.6%[16]. - The company's short-term borrowings rose to RMB 555,000,000.00 from RMB 446,000,000.00, reflecting an increase of approximately 24%[16]. - The inventory balance increased to RMB 256,273,399.98 from RMB 226,909,731.30, showing an increase of about 13%[15]. - Accounts receivable decreased to RMB 251,801,508.79 from RMB 341,102,860.89, indicating a reduction of about 26%[15]. Management and Governance - The company has approved a stock incentive plan for 116 individuals, with a total of 744,500 shares to be granted[12]. - The company reported a total of 118 individuals initially approved for the stock incentive plan, later adjusted to 116[13]. - The board of directors meeting was held on April 29, 2025, indicating ongoing governance and oversight activities[25]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[24]. - The company will implement new accounting standards starting in 2025, which may impact future financial reporting[24]. Investment Income - The company reported a significant increase in investment income of 530.10%, reaching ¥326,449.60 compared to ¥51,809.51 in the previous year[7].
紫建电子(301121) - 2025 Q1 - 季度财报