琏升科技(300051) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥99,732,851.73, representing an increase of 80.88% compared to ¥55,136,244.36 in the same period last year[5] - The net profit attributable to shareholders was -¥23,295,323.82, an improvement of 18.23% from -¥28,487,742.29 in the previous year[5] - Basic and diluted earnings per share improved to -¥0.06, a 25.00% increase from -¥0.08 in the previous year[5] - The net profit for the current period is -65,241,228.92, compared to -77,724,492.37 in the previous period, showing an improvement of approximately 16.0%[30] - Operating profit for the current period is -65,883,484.30, an improvement from -92,663,798.13 in the previous period, indicating a reduction in losses of about 29.0%[30] - The total comprehensive income for the current period is -65,241,526.37, compared to -77,747,344.48 in the previous period, showing a reduction in losses of about 16.0%[30] Cash Flow - Operating cash flow net amount was -¥58,612,590.18, a significant decline of 252.05% compared to ¥38,549,057.27 in the same period last year[5] - The net cash flow from operating activities decreased by 252.05% compared to the same period last year, primarily due to a reduction in government subsidies received and an increase in cash paid for goods and services[15] - The net cash flow from investing activities increased by 80.05% year-on-year, mainly due to a decrease in cash paid for the purchase of fixed assets, intangible assets, and other long-term assets[15] - The net cash flow from financing activities decreased by 70.87% compared to the previous year, primarily due to a reduction in minority shareholder investment and a decrease in the recovery of note deposits[15] - Cash flow from operating activities shows a net outflow of -58,612,590.18, compared to a net inflow of 38,549,057.27 in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,151,562,550.08, a decrease of 4.62% from ¥3,304,265,575.79 at the end of the previous year[5] - The total current assets decreased to CNY 425,161,968.33 from CNY 551,096,327.51, a decline of about 22.8%[24] - The total liabilities decreased to CNY 2,368,228,465.79 from CNY 2,457,361,951.67, showing a reduction of approximately 3.6%[26] - The total equity attributable to shareholders decreased to CNY 219,593,034.90 from CNY 241,842,814.58, a decline of about 9.2%[26] - Cash and cash equivalents decreased to CNY 145,573,159.57 from CNY 249,903,509.44, a drop of approximately 41.7%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,884, with no preferred shareholders having restored voting rights[18] - The largest shareholder, Hainan Liansheng Technology Co., Ltd., holds 13.87% of the shares, totaling 51,601,566 shares[18] - The second-largest shareholder, Wan Jiugen, holds 5.69% of the shares, totaling 21,175,200 shares, which are pledged[18] - The company has a total of 6,309,275 restricted shares at the end of the reporting period, with no shares released during the current period[21] - The company’s management has signed a voting rights entrustment agreement, allowing Hainan Liansheng to exercise voting rights for shares held by Wan Jiugen[19] Operational Costs and Expenses - The company’s operating costs rose by 116.86% to ¥109,253,839.99, mainly due to increased costs associated with solar cell production[12] - The total operating costs for the current period amount to CNY 157,842,514.64, up from CNY 104,768,513.18 in the previous period, indicating an increase of about 50.7%[28] - The operating cost specifically rose to CNY 109,253,839.99 from CNY 50,379,202.62, reflecting an increase of approximately 117.5%[28] - Research and development expenses decreased by 35.53% to ¥4,546,213.49, attributed to the disposal of a subsidiary[12] - Research and development expenses decreased to 4,546,213.49 from 7,051,226.61, a reduction of about 35.7%[30] - The company incurred financial expenses of 14,506,804.82, up from 12,277,698.22, representing an increase of approximately 10.0%[30] Other Income and Investments - The company reported a significant increase in other income, which rose by 2288.90% to ¥5,270,453.54, primarily due to increased government subsidies received[11] - The company’s long-term equity investments increased by 100.36% to ¥4,217,682.09, reflecting increased investments in joint ventures[9] - The long-term equity investments increased to CNY 4,217,682.09 from CNY 2,105,059.08, reflecting an increase of approximately 100.5%[25] Regulatory and Compliance - The company received a warning letter from the Jiangsu Securities Regulatory Bureau on January 27, 2025, indicating regulatory scrutiny[22] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents increased by 1941.74% year-on-year, mainly due to the effects of exchange rate fluctuations during the period[16] - The net increase in cash and cash equivalents rose by 62.99% compared to the same period last year, attributed to a decrease in cash paid for the purchase of fixed assets, intangible assets, and other long-term assets[16] - Cash and cash equivalents at the end of the period stand at 82,027,444.19, compared to 28,542,424.42 at the end of the previous period, an increase of approximately 187.5%[32]