AsAc(SH:601890)2025-04-28 12:25Financial Performance - The company's operating revenue for Q1 2025 was CNY 588,005,925.46, representing a year-on-year increase of 30.88% compared to CNY 449,287,304.29 in the same period last year[4]. - The net profit attributable to shareholders of the listed company decreased by 22.77% to CNY 52,499,470.24 from CNY 67,977,348.85 in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 36.22% to CNY 60,037,341.54 compared to CNY 44,075,322.78 in the same period last year[4]. - The weighted average return on net assets decreased by 0.51 percentage points to 1.44% from the previous year[4]. - Net profit for Q1 2025 was ¥53,036,219.34, a decrease of 23.1% compared to ¥68,886,710.86 in Q1 2024[19]. - Earnings per share for Q1 2025 was ¥0.0547, down from ¥0.0709 in Q1 2024[20]. Cash Flow - The net cash flow from operating activities improved significantly to CNY 71,586,269.99, a 170.51% increase from a negative cash flow of CNY -101,522,450.58 in the previous year[4]. - Cash inflow from operating activities in Q1 2025 totaled ¥570,727,439.44, significantly higher than ¥320,774,920.05 in Q1 2024[21]. - The net cash flow from operating activities was 71,586,269.99, a significant improvement from -101,522,450.58 in the previous period, indicating a recovery in operational efficiency[22]. - Cash outflow from investing activities totaled 605,251,148.06, compared to 331,103,098.56 in the prior period, reflecting increased investment efforts[22]. - The net cash flow from financing activities was 78,258,807.81, up from 16,438,495.82, showing enhanced capital raising activities[22]. - The total cash and cash equivalents at the end of the period decreased to 1,343,494,937.94 from 1,356,683,420.60, indicating a slight decline in liquidity[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,414,907,358.45, reflecting a 2.33% increase from CNY 5,291,679,403.84 at the end of the previous year[5]. - Total current assets as of March 31, 2025, amount to ¥4,417,843,665.90, an increase from ¥4,322,797,532.67 as of December 31, 2024[13]. - Total liabilities as of March 31, 2025, are ¥1,160,149,980.22, compared to ¥1,227,856,568.32 on December 31, 2024, indicating a decrease[14]. - The company has a short-term loan of ¥234,546,449.16, which increased from ¥173,361,534.33[14]. - The company has a long-term loan of ¥297,279,021.97, which increased from ¥166,778,458.60[14]. - Total liabilities as of the latest reporting period were ¥1,547,253,174.63, an increase from ¥1,477,061,439.36[15]. Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 116,883[9]. - The largest shareholder, Tao Anxiang, holds 265,793,716 shares, representing 27.70% of total shares[9]. - Total equity attributable to shareholders reached ¥3,678,391,170.66, up from ¥3,625,891,700.42[15]. Research and Development - Research and development expenses rose by 46.09% during the reporting period, indicating increased investment in innovation[7]. - Research and development expenses increased to ¥28,137,331.36 in Q1 2025, compared to ¥19,260,793.37 in Q1 2024, reflecting a 46.2% rise[19]. Investment Income - The company reported a significant increase in investment income of 642.67%, attributed to higher returns from financial assets[7]. - The company reported an investment income of ¥43,708,297.54 in Q1 2025, compared to ¥5,885,306.31 in Q1 2024[19]. Employee Compensation and Tax - The company paid 64,670,071.87 in cash to employees, an increase from 58,511,719.71, reflecting higher employee compensation[22]. - The company incurred tax payments of 26,280,059.22, significantly higher than 11,871,687.92 in the previous period, indicating increased tax liabilities[22].