昇兴股份(002752) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥1,622,335,145.85, a decrease of 3.23% compared to ¥1,676,401,026.07 in the same period last year[4] - Net profit attributable to shareholders was ¥92,908,526.14, down 23.64% from ¥121,669,797.23 year-on-year[4] - The basic earnings per share decreased by 16.67% to ¥0.10 from ¥0.12 in the same period last year[4] - Net profit for the current period is CNY 94,687,410.38, a decline of 25.14% compared to CNY 126,434,774.46 in the previous period[20] - Earnings per share (basic and diluted) for the current period is CNY 0.10, down from CNY 0.12 in the previous period[20] Cash Flow - The net cash flow from operating activities increased significantly by 480.46%, reaching ¥348,121,509.86 compared to ¥59,973,183.09 in the previous year[4] - Total cash inflow from operating activities decreased to ¥1,998,430,542.07 from ¥2,523,509,625.57, a decline of about 21%[21] - Cash outflow from operating activities also decreased to ¥1,650,309,032.21 from ¥2,463,536,442.48, a reduction of approximately 33%[21] - The net increase in cash and cash equivalents for the current period is ¥300,475,495.40, compared to a decrease of -¥240,524,854.30 in the previous period[22] - The ending balance of cash and cash equivalents is ¥589,916,955.46, up from ¥279,267,036.78 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,491,759,704.74, a decrease of 5.63% from ¥7,938,402,370.96 at the end of the previous year[4] - The company's equity attributable to shareholders increased by 2.69% to ¥3,508,212,059.33 from ¥3,416,264,486.64 at the end of the previous year[4] - Total liabilities amount to CNY 3,901,705,825.20, a decrease from CNY 4,451,524,202.65[17] - The company’s total liabilities decreased, contributing to a more favorable financial position[15] - The company’s non-current assets totaled RMB 3,755,473,714.83, down from RMB 3,817,387,648.65, indicating a decrease of about 1.6%[15] Investment and Financing - The company plans to invest approximately USD 55.38 million in establishing a wholly-owned subsidiary in Vietnam for production line projects[12]. - The company has approved a financial assistance agreement of up to RMB 50 million with Fuzhou Pacific, with a term not exceeding 12 months[12]. - Cash inflow from financing activities totaled ¥298,032,697.42, down from ¥410,554,666.33, a decrease of about 27%[22] - Cash outflow from financing activities decreased to ¥311,047,138.97 from ¥651,635,385.16, a reduction of approximately 52%[22] Other Financial Metrics - The weighted average return on equity was 2.68%, down from 3.87% in the previous year[4] - The company reported a decrease in research and development expenses to CNY 7,173,370.20 from CNY 10,110,594.05, a reduction of 29.06%[19] - Other comprehensive income after tax for the current period is CNY -960,953.45, compared to CNY 753,888.15 in the previous period[20] - The company received government subsidies amounting to ¥6,668,843.11 during the reporting period[5] Inventory and Receivables - Accounts receivable decreased to RMB 1,549,723,602.93 from RMB 1,916,256,324.36, indicating a reduction of about 19.1%[14]. - Inventory increased to RMB 867,011,668.23 from RMB 841,536,661.81, showing a growth of approximately 3.0%[15]. - The total current liabilities decreased, with accounts payable increasing to RMB 704,515,008.41 from RMB 627,250,495.10, reflecting an increase of approximately 12.3%[15]. Audit and Accounting Standards - The company has not undergone an audit for the first quarter report[23] - The new accounting standards will be implemented starting from 2025[24]