Financial Performance - The company's revenue for Q1 2025 was ¥270,535,114.03, representing a 15.79% increase compared to ¥233,646,551.88 in the same period last year[4] - The net profit attributable to shareholders was -¥1,183,807.57, a decrease of 115.61% from ¥7,583,040.24 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,039,770.41, down 225.49% from ¥4,016,134.82 in the previous year[4] - The net cash flow from operating activities was ¥2,527,238.42, a decline of 81.37% compared to ¥13,566,295.85 in the same period last year[4] - Net profit for Q1 2025 was a loss of ¥2,530,765.09, compared to a profit of ¥8,706,420.05 in Q1 2024, representing a significant decline[18] - The total comprehensive income for Q1 2025 was -¥2,530,765.09, compared to ¥8,706,420.05 in Q1 2024, indicating a challenging financial period[18] Cash Flow and Liquidity - The company's cash flow from operating activities for Q1 2025 was ¥2,527,238.42, down from ¥13,566,295.85 in Q1 2024[21] - Cash inflow from investment activities in Q1 2025 totaled ¥712,960,699.51, a substantial increase from ¥46,418,270.84 in Q1 2024[21] - Net cash flow from investment activities was -355,696,156.94, compared to -194,265,206.07 in the previous period, indicating a decline in investment performance[22] - Cash inflow from financing activities totaled 77,664,732.25, while cash outflow was 86,061,885.84, resulting in a net cash flow from financing activities of -8,397,153.59[22] - The net increase in cash and cash equivalents was -361,293,293.30, compared to -126,648,734.92 in the previous period, reflecting a significant decrease in liquidity[22] - The ending balance of cash and cash equivalents was 456,398,292.98, up from 287,330,886.97 in the previous period, indicating a recovery in cash reserves[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,982,680,757.23, a decrease of 0.78% from ¥4,013,928,886.89 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to ¥2,161,756,687.83, a decrease from ¥2,217,808,026.12 as of December 31, 2024[13] - Cash and cash equivalents decreased to ¥1,335,252,332.13 from ¥1,586,029,322.60[13] - The total liabilities decreased from ¥902,073,503.49 to ¥872,358,782.72, indicating a reduction in financial obligations[15] - Shareholders' equity remained stable at approximately ¥3,110,321,974.51, slightly down from ¥3,111,855,383.40[15] Research and Development - Research and development expenses totaled ¥16,963,113.94, an increase of 19.32% from ¥14,216,703.28 year-on-year, accounting for 6.27% of revenue[5] - Research and development expenses increased to ¥16,963,113.94 in Q1 2025, compared to ¥14,216,703.28 in Q1 2024, reflecting a focus on innovation[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,213[10] - The largest shareholder, Zhejiang Juhua Co., Ltd., holds 39,000,000 shares, representing 26.40% of total shares[10] - The company has a total of 80,000,000 unrestricted circulating shares held by Quzhou Kecheng Yingchuan Industrial Fund Management Co., Ltd.[10] - The company has no significant changes in the shareholding structure or related party transactions during the reporting period[11] Market Conditions - The company faced challenges due to market conditions and intensified industry competition, leading to decreased sales prices and increased raw material costs[7] Non-Recurring Items - Non-recurring gains and losses amounted to ¥3,855,962.84, with significant impacts from market environment changes and operational challenges[6] Earnings Per Share - The basic and diluted earnings per share were both -¥0.001, a decrease of 120.00% from ¥0.005 in the same period last year[4] - The company reported a basic and diluted earnings per share of -0.001 in Q1 2025, down from 0.005 in Q1 2024[18] Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[22]
中巨芯(688549) - 2025 Q1 - 季度财报