TC(SH:603085)2025-04-28 12:25Financial Performance - The company's operating revenue for Q1 2025 was CNY 539,252,278.15, representing a 46.74% increase compared to CNY 367,499,926.73 in the same period last year[4]. - Net profit attributable to shareholders was CNY 20,919,276.47, up 108.77% from CNY 10,020,129.53 year-on-year[4]. - The net cash flow from operating activities increased by 207.20%, reaching CNY 75,191,216.18 compared to CNY 24,476,078.76 in the previous year[4]. - Basic earnings per share rose to CNY 0.05, a 66.67% increase from CNY 0.03 in the same period last year[4]. - Operating profit for Q1 2025 reached CNY 28,687,111.94, compared to CNY 6,936,573.66 in the same period last year, indicating a substantial increase of 313.5%[18]. - Total comprehensive income for Q1 2025 was CNY 14,137,495.51, an increase from CNY 9,367,813.09 in Q1 2024, representing a growth of 50.5%[19]. - The company reported a net profit excluding non-recurring gains and losses of CNY 15,280,832.11, which is a 47.32% increase from CNY 10,372,657.87 year-on-year[4]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,507,218,186.60, reflecting a 3.32% increase from CNY 3,394,553,409.59 at the end of the previous year[5]. - Current assets totaled ¥1,966,917,822.64 as of March 31, 2025, an increase of 4.2% from ¥1,888,311,766.57 at the end of 2024[13]. - Non-current assets amounted to ¥1,540,300,363.96, up from ¥1,506,241,643.02, indicating a growth of 2.3%[14]. - Total liabilities were ¥2,636,775,373.30, an increase of 4.0% compared to ¥2,534,640,275.93[15]. Revenue and Costs - Total operating revenue for Q1 2025 reached ¥539,252,278.15, a significant increase of 46.6% compared to ¥367,499,926.73 in Q1 2024[17]. - Total operating costs for Q1 2025 were ¥520,530,831.00, up 44.3% from ¥360,942,992.20 in Q1 2024[17]. - The increase in revenue and profit was primarily driven by a rise in orders for passenger car seat business[4][6]. - The total revenue from sales of goods and services received in Q1 2025 was CNY 452,152,719.56, compared to CNY 380,575,952.53 in Q1 2024, showing a growth of 18.8%[22]. Cash Flow and Financing - Cash flow from operating activities generated a net amount of CNY 75,191,216.18 in Q1 2025, compared to CNY 24,476,078.76 in Q1 2024, reflecting a growth of 207.5%[23]. - Cash and cash equivalents at the end of Q1 2025 amounted to CNY 125,293,994.62, a significant increase from CNY 23,226,853.21 at the end of Q1 2024[23]. - The company raised CNY 143,000,000.00 in borrowings during Q1 2025, compared to CNY 69,800,000.00 in Q1 2024, indicating a 105.5% increase in financing activities[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,912[9]. - The weighted average return on equity improved to 2.54%, an increase of 1.33 percentage points compared to the previous year[4]. Research and Development - Research and development expenses rose to CNY 32,368,427.10 in Q1 2025, up from CNY 19,779,664.10 in Q1 2024, marking a 63.4% increase[18]. Taxation - The company incurred a total tax expense of CNY 7,342,840.46 in Q1 2025, compared to a tax benefit of CNY 3,205,327.81 in Q1 2024[18]. Government Subsidies - The company received government subsidies amounting to CNY 7,463,298.16, contributing to the increase in net profit[6].