Financial Performance - The company's revenue for Q1 2025 reached ¥181,281,439.13, representing a 26.92% increase compared to ¥142,828,765.81 in the same period last year[5] - Net profit attributable to shareholders was ¥24,774,183.58, up 33.48% from ¥18,560,265.14 year-on-year[5] - Basic and diluted earnings per share increased by 40.00% to ¥0.21 from ¥0.15 in the same quarter last year[5] - The company reported a 54.62% increase in net profit after deducting non-recurring gains and losses, amounting to ¥22,826,522.64 compared to ¥14,763,352.80 in the previous year[5] - Net profit for the current period was ¥32,651,877.94, representing a 53.6% increase compared to ¥21,230,390.80 in the previous period[24] - The total comprehensive income for the current period was ¥32,670,536.75, up from ¥21,253,541.90 in the prior period[24] Cash Flow - The net cash flow from operating activities improved significantly to ¥26,162,447.65, a 236.82% increase from a negative cash flow of ¥19,121,921.71 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥26,162,447.65, a significant recovery from a net outflow of ¥19,121,921.71 in the previous period[26] - Cash flow from investing activities resulted in a net outflow of ¥2,528,783.36, an improvement from a net outflow of ¥154,231,411.36 in the prior period[27] - Cash flow from financing activities showed a net outflow of ¥25,560,368.89, compared to a net inflow of ¥54,626,590.69 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,413,417,420.97, a decrease of 1.39% from ¥1,433,301,737.70 at the end of the previous year[5] - The company’s total equity increased from CNY 1,107,362,152.75 to CNY 1,121,084,571.50, representing a growth of approximately 1.2%[21] - Total liabilities decreased from CNY 325,939,584.95 to CNY 292,332,849.47, a reduction of about 10.3%[21] - The company reported a decrease in short-term borrowings from CNY 3,500,000.00 to CNY 0.00, indicating a reduction of 100%[21] - The company’s non-current liabilities decreased from CNY 82,448,331.75 to CNY 79,509,761.45, a reduction of approximately 3.5%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period was 12,583[13] - The largest shareholder, Dong Jing, holds 35.33% of shares, totaling 42,399,000 shares[13] - The second-largest shareholder, Xue Yuqiang, owns 12.23% of shares, amounting to 14,670,000 shares[13] - The company approved a share repurchase plan on February 24, 2025, with a budget of between RMB 15 million and RMB 20 million, aiming to buy back shares at a price not exceeding RMB 25 per share[17] - The company repurchased 800,000 shares from March 5 to March 17, 2025, accounting for 0.67% of the total share capital, with a total transaction amount of RMB 18,948,118[17] Research and Development - Research and development expenses rose by 42.20% to ¥10,476,444.39 from ¥7,367,639.71 year-on-year[9] - Research and development expenses increased to ¥10,476,444.39, up from ¥7,367,639.71 in the previous period, indicating a focus on innovation[23] Tax and Other Expenses - Tax refunds received decreased to $2,706,569.79, down 72.16% compared to the previous period[11] - The company reported a tax expense of ¥4,620,754.16, compared to ¥2,228,047.53 in the previous period, reflecting higher profitability[23] - Cash paid to employees increased to $42,740,259.61, up 78.75% primarily due to the completion of a major asset restructuring[11] Stock and Equity Plans - The company has implemented the first employee stock ownership plan, with a subscription price of CNY 12.00 per share, raising CNY 9.6 million as of April 23, 2025[18] - The company is focused on implementing employee stock ownership plans and equity incentives through the repurchased shares[17] Other Financial Information - The first quarter report is unaudited[29] - The new accounting standards will be implemented starting in 2025[29] - The financial statement items related to the first year of implementation will be adjusted[29] - The board of directors of Shanghai Weiman Sealing Technology Co., Ltd. issued the report on April 29, 2025[29]
唯万密封(301161) - 2025 Q1 - 季度财报