宸展光电(003019) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥621,757,287.86, a decrease of 3.00% compared to ¥640,958,629.98 in the same period last year[5] - Net profit attributable to shareholders was ¥49,682,559.81, down 23.90% from ¥65,284,868.98 year-on-year[5] - Basic and diluted earnings per share decreased by 30.00%, from ¥0.40 to ¥0.28[5] - Total operating revenue for the current period is CNY 621,757,287.86, a decrease of 2.0% compared to CNY 640,958,629.98 in the previous period[21] - Net profit decreased to ¥49,566,836.96, down 24.6% from ¥65,747,749.30 in the previous period[22] - Total comprehensive income amounted to ¥47,928,367.28, down from ¥60,312,583.20, reflecting a decline of approximately 20.5%[23] - The company reported a decrease in sales revenue from ¥498,473,556.75 to ¥519,629,743.59, indicating a decline of approximately 4.3%[24] Cash Flow - The cash flow from operating activities showed a significant increase of 859.18%, reaching ¥51,250,560.59, compared to a negative cash flow of ¥6,750,776.32 in the previous year[5] - Cash flow from operating activities surged by 859.18% to 51,250,560.59, mainly due to reduced cash payments for goods[10] - Cash inflow from investment activities decreased by 47.62% to 211,992,580.30, attributed to reduced bank wealth management recoveries[10] - Cash outflow for the purchase of fixed assets dropped by 67.62% to 6,658,084.94, due to prior investments in a new production line[10] - Cash flow from financing activities improved by 126.07% to 47,108,233.17, reflecting changes in stock repurchase and mergers[11] - The company reported a net increase in cash and cash equivalents of -41,565,765.66, a 37.82% improvement from the previous period[11] - Cash and cash equivalents at the end of the period were ¥367,740,902.85, an increase from ¥310,065,785.21[25] Assets and Liabilities - Total assets increased by 5.49% to ¥2,615,558,640.59 from ¥2,479,503,310.07 at the end of the previous year[5] - Accounts receivable rose by 34.79% to ¥489,928,907.27, primarily due to increased revenue[9] - The company reported a 397.15% increase in current non-current assets due within one year, totaling ¥160,637,499.99, attributed to an increase in large bank deposits[9] - Total current assets reached CNY 1,730,319,545.52, an increase from CNY 1,546,263,454.53, indicating a growth of 11.9%[17] - Total liabilities rose to CNY 945,154,243.48 from CNY 874,129,065.38, marking an increase of 8.1%[19] - Short-term borrowings increased to CNY 262,213,314.72 from CNY 252,505,761.45, showing a rise of 3.0%[19] Equity and Shareholder Information - The company’s equity attributable to shareholders increased by 4.24% to ¥1,591,971,117.85 from ¥1,527,224,315.33 at the end of the previous year[5] - The total number of common shareholders at the end of the reporting period was 12,645[13] - IPC Management Limited holds the largest share at 30.20%, with 52,798,469 shares[13] Expenses and Income - Total operating costs increased to ¥571,362,631.60 from ¥551,399,587.63, representing a growth of approximately 3.5% year-over-year[22] - Research and development expenses rose to ¥23,462,721.58, an increase of 13.5% compared to ¥20,709,697.82 last year[22] - Financial expenses decreased by 49.91% to -3,337,555.55 due to reduced exchange gains[10] - Other income increased significantly by 8,237.28% to 3,986,699.75 primarily from increased government subsidies[10] - Investment income improved by 54.71% to -547,292.54, influenced by changes in trading financial assets[10] - The company recorded non-recurring gains of ¥9,607,837.28, with significant contributions from government subsidies and asset disposals[7] Subsidiaries - The company established a wholly-owned subsidiary, TES Technology (Thailand) Co., Ltd., in January 2025, and another subsidiary, MicroTouch Europe GmbH, in March 2025[15]