Financial Performance - The company's revenue for Q1 2025 was ¥424,530,820.32, a slight increase of 0.10% compared to ¥424,126,179.50 in the same period last year[5]. - Net profit attributable to shareholders increased by 4.18% to ¥22,325,146.39 from ¥21,428,536.94 year-on-year[5]. - The net profit after deducting non-recurring gains and losses decreased by 43.45% to ¥11,893,828.93 compared to ¥21,033,578.10 in the previous year[5]. - Net profit for the current period was ¥22,279,458.66, compared to ¥21,384,040.47 in the previous period, indicating an increase of about 4.2%[19]. - Basic earnings per share improved to ¥0.1197 from ¥0.1149, representing an increase of approximately 2.1%[20]. Assets and Liabilities - The company's total assets grew by 17.96% to ¥2,627,358,944.65 from ¥2,227,279,513.99 at the end of the previous year[5]. - Total current assets increased to ¥1,647,988,069.18 from ¥1,223,016,431.24, reflecting a growth of approximately 34.5%[14]. - Current liabilities increased to ¥971,308,352.53 from ¥768,488,020.23, which is an increase of about 26.4%[16]. - Long-term borrowings rose significantly to ¥519,249,066.04 from ¥355,000,000.00, reflecting an increase of approximately 46.2%[16]. - The total liabilities increased to ¥1,631,556,530.74 from ¥1,247,630,543.09, which is an increase of about 30.8%[16]. Cash Flow - The company's cash flow from operating activities improved by 39.87%, reaching -¥168,606,233.76 compared to -¥280,391,583.68 in the same period last year[5]. - Operating cash inflow for the current period reached ¥113,870,617.70, a significant increase from ¥39,175,555.55 in the previous period[21]. - Net cash outflow from operating activities was ¥168,606,233.76, improving from a net outflow of ¥280,391,583.68 in the previous period[21]. - Cash inflow from financing activities totaled ¥324,193,279.66, compared to ¥100,002,182.70 in the previous period, indicating a strong increase[22]. - The net increase in cash and cash equivalents for the current period was ¥33,149,426.19, contrasting with a decrease of ¥203,995,837.30 in the previous period[22]. Inventory and Receivables - Inventory increased by 14.80% and accounts receivable rose by 127.24% compared to the beginning of the year, reflecting the expansion of the company's operational scale[10]. - Accounts receivable rose significantly to ¥556,293,448.23 from ¥244,800,160.31, indicating an increase of about 127.6%[14]. - Inventory levels increased to ¥744,345,612.92 from ¥648,385,746.39, representing a growth of approximately 14.8%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,474[12]. - The largest shareholder, Changchun Huifeng Automotive Gear Co., Ltd., holds 52.09% of the shares, totaling 97,160,000 shares[12]. - The second-largest shareholder, Wang Ran, owns 18.77% of the shares, amounting to 35,000,000 shares[12]. - The company has no preferred shareholders as of the reporting period[13]. - The company reported a total of 0 preferred shareholders with voting rights restored[12]. Operational Insights - The average LNG price remained stable at ¥4,400-¥4,600 per ton during Q1 2025, maintaining its economic advantage[9]. - The sales volume of natural gas heavy trucks increased by 4% year-on-year, with approximately 47,000 units sold, benefiting from new government policies[8]. - The company plans to leverage policy support for LNG-powered vessels to capture market demand and improve operational performance[9]. - The gross profit margin of the parent company decreased by 3.37% year-on-year due to price declines, while the subsidiary's losses decreased by 45.30% compared to the previous year[9]. Research and Development - Research and development expenses increased to ¥7,680,656.32 from ¥4,833,010.72, showing a growth of about 59.1%[18]. Audit and Reporting - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[23].
致远新能(300985) - 2025 Q1 - 季度财报