Financial Performance - The company's operating revenue for Q1 2025 was ¥105,077,454.87, a decrease of 4.47% compared to ¥109,999,875.73 in the same period last year[5] - Net profit attributable to shareholders increased by 33.98% to ¥24,441,506.73 from ¥18,242,096.44 year-on-year[5] - Operating profit increased to ¥28,502,511.89, up 31.3% from ¥21,692,568.56 in the previous period[18] - Net profit for the current period is ¥25,271,572.66, representing a 30.0% increase compared to ¥19,432,681.66 in the previous period[18] - Basic and diluted earnings per share rose by 3.07% to ¥0.2350 from ¥0.2280 year-on-year[5] - Basic and diluted earnings per share for the current period are both ¥0.2350, up from ¥0.2280 in the previous period[18] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥13,567,426.70, a decline of 156.84% compared to ¥23,867,683.89 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥13,567,426.70, a significant decline from a net inflow of ¥23,867,683.89 in the previous period[20] - Cash flow from investing activities resulted in a net outflow of ¥226,725,389.63, compared to a smaller outflow of ¥7,750,326.96 in the previous period[20] - Cash and cash equivalents dropped significantly from CNY 417,803,356.80 to CNY 170,759,089.65, indicating a reduction of approximately 59%[14] - Cash and cash equivalents at the end of the period decreased to ¥168,853,865.27 from ¥616,593,880.66 at the end of the previous period[21] - Current assets decreased slightly to CNY 909,218,740.60 from CNY 913,711,280.95[14] Research and Development - The company reported a significant increase in research and development expenses by 40.77% to ¥4,926,758.36, reflecting a commitment to innovation[7] - Research and development expenses rose to ¥4,926,758.36, an increase of 40.7% from ¥3,499,755.01 in the previous period[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,354[9] - The largest shareholder, Peng Xiangan, holds 46.50% of the shares, totaling 48,360,000 shares[9] - The number of shares held by the top 10 shareholders includes 48,360,000 shares held by Peng Xiangan, which remains unchanged[12] - The company reported a total of 78,000,000 restricted shares, with 5,772,000 shares released during the period[12] Liabilities and Equity - Total liabilities decreased from CNY 239,167,653.26 to CNY 194,215,101.31, reflecting a reduction of approximately 18.8%[15] - The company has a total of CNY 464,338,213.57 in non-current assets, down from CNY 479,926,652.50[15] - The total equity of the company remains stable at CNY 709,000,000.00, with no changes reported in the capital reserve[15] - The company's retained earnings increased to ¥425,444,765.14 from ¥401,003,258.41 in the previous period[16] Future Outlook - The company plans to maintain its focus on product development and market expansion strategies in the upcoming quarters[13] Reporting and Standards - The first quarter report is unaudited[22] - The new accounting standards will be implemented starting in 2025[22] - The financial statement adjustments related to the new accounting standards will be applicable from the beginning of the year of first execution[22] - The board of directors of Jiangxi Fushite Hydraulic Co., Ltd. issued the report on April 29, 2025[22]
福事特(301446) - 2025 Q1 - 季度财报