V-Test(SH:688372)2025-04-28 11:45Financial Performance - The company's revenue for Q1 2025 reached CNY 285.22 million, representing a 55.39% increase compared to CNY 183.55 million in the same period last year[4] - Net profit attributable to shareholders was CNY 25.92 million, a turnaround from a loss of CNY 0.31 million in the previous year[6] - Operating profit for Q1 2025 was ¥26,770,896.78, compared to a loss of ¥6,049,730.11 in Q1 2024[19] - Net profit for Q1 2025 was ¥25,918,206.33, recovering from a loss of ¥305,728.12 in Q1 2024[20] - The weighted average return on equity was 0.98%, a significant improvement from -0.01% in the previous year[4] - The company reported a basic earnings per share of ¥0.2277 for Q1 2025, compared to a loss per share of ¥0.0027 in Q1 2024[20] Cash Flow and Assets - The net cash flow from operating activities increased by 123.39% to CNY 197.88 million, up from CNY 88.58 million year-on-year[4] - Cash flow from operating activities for Q1 2025 was ¥348,942,451.06, significantly higher than ¥202,175,253.57 in Q1 2024[22] - The company's cash and cash equivalents as of March 31, 2025, amount to ¥267,093,910.36, down from ¥414,019,412.96 as of December 31, 2024[14] - Total current assets decreased to ¥913,415,776.12 from ¥1,040,567,149.74[15] - Non-current assets increased to ¥4,260,856,104.65 from ¥3,878,449,825.54[15] - Total assets at the end of the reporting period were CNY 5.17 billion, an increase of 5.19% from CNY 4.92 billion at the end of the previous year[5] Research and Development - Research and development expenses totaled CNY 39.63 million, a 29.51% increase from CNY 30.60 million in the same period last year[4] - R&D expenses accounted for 13.89% of revenue, down from 16.67% in the previous year, reflecting a decrease of 2.78 percentage points[5] - Research and development expenses increased to ¥39,626,759.61 in Q1 2025, up from ¥30,598,615.75 in Q1 2024, reflecting a focus on innovation[19] Market and Growth Strategy - The semiconductor industry has seen a significant recovery in market demand since the second half of 2024, contributing to the company's revenue growth[6] - The company plans to continue expanding its production capacity for high-end and high-reliability chip testing, supporting future business growth[6] - The company aims to enhance its market share by actively exploring new markets and deepening customer relationships[6] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,562[12] - The largest shareholder, Shanghai Ruice Semiconductor Technology Co., Ltd., holds 35,142,689 shares, accounting for 30.87% of total shares[12] - The company has no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[13] Financial Obligations - Total liabilities increased to ¥2,518,434,795.72 from ¥2,299,940,786.25, indicating a rise in financial obligations[16] - Shareholders' equity rose to ¥2,655,837,085.05, compared to ¥2,619,076,189.03 in the previous year[17] Investment Activities - Net cash outflow from investment activities was -$513,219,462.19, compared to -$326,972,156.57 in the previous period, indicating a significant increase in investment expenditures[23] - Cash paid for the acquisition of fixed assets was $482,510,159.43, compared to $305,377,070.17 in the previous period, representing an increase of about 58%[23] Other Information - The company has not reported any new strategies or significant developments in product or technology during the reporting period[14] - There are no related party transactions or agreements among the major shareholders[13] - The company has not participated in any financing or margin trading activities during the reporting period[13]