路维光电(688401) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥260,079,968.49, representing a 47.09% increase compared to ¥176,819,171.71 in the same period last year[3] - Net profit attributable to shareholders was ¥49,150,120.45, up 19.66% from ¥41,074,574.23 year-on-year[3] - The net cash flow from operating activities surged by 295.64%, amounting to ¥104,733,407.53, compared to ¥26,471,858.39 in the previous year[3] - Basic earnings per share increased to ¥0.26, reflecting a growth of 23.81% from ¥0.21[3] - The company reported an increase in financial expenses by RMB 14,799,700, mainly due to reduced exchange gains from yen fluctuations[15] - Net profit for Q1 2025 was ¥49,145,188.42, representing a 27.2% increase compared to ¥38,640,152.04 in Q1 2024[23] Research and Development - Research and development expenses totaled ¥8,581,805.31, a decrease of 19.41% from ¥10,648,718.04 in the previous year[3] - The proportion of R&D expenses to operating revenue fell to 3.30%, down 2.72 percentage points from 6.02%[4] - Research and development expenses for Q1 2025 were ¥8,581,805.31, down from ¥10,648,718.04 in Q1 2024[23] - Research and development expenses decreased by RMB 2,066,900 compared to the previous year, primarily due to fewer direct inputs and equipment usage in ongoing projects[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,344,452,669.08, a 4.53% increase from ¥2,242,816,653.64 at the end of the previous year[4] - Total liabilities amounted to ¥901,081,785.28, up from ¥850,039,123.93 in the previous period[19] - Shareholders' equity totaled ¥1,443,370,883.80, compared to ¥1,392,777,529.71 in the previous period[19] - The company has a significant inventory of RMB 193,673,558.19, up from RMB 176,628,809.62 in the previous period[17] - The company has a long-term equity investment valued at RMB 159,174,759.34, slightly down from RMB 159,937,416.68[17] Cash Flow - Cash flow from operating activities for Q1 2025 was $104.73 million, a significant increase of 295.5% compared to $26.47 million in Q1 2024[26] - Total cash inflow from operating activities in Q1 2025 was $298.99 million, up from $179.71 million in Q1 2024, representing a growth of 66.5%[27] - Cash outflow from investing activities in Q1 2025 was $31.20 million, a decrease from $94.24 million in Q1 2024, indicating a reduction of 66.9%[27] - Net cash flow from financing activities in Q1 2025 was $16.08 million, compared to a net outflow of $36.11 million in Q1 2024, showing a turnaround[27] - The ending balance of cash and cash equivalents as of Q1 2025 was $331.71 million, slightly down from $342.60 million in Q1 2024[28] - The net increase in cash and cash equivalents for Q1 2025 was $89.01 million, contrasting with a decrease of $42.93 million in Q1 2024[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,257[8] - The company has approved a stock incentive plan to grant 1,215,090 restricted shares, representing 0.63% of the total share capital[10] - The company has 676,210 shares held under the employee stock ownership plan, accounting for 0.35% of the total share capital[13] Future Plans - The company plans to issue convertible bonds not exceeding RMB 615 million, pending approval from the China Securities Regulatory Commission[14]