GONGJIN(603118)2025-04-28 12:40Revenue and Profitability - The company's revenue for Q1 2025 was CNY 2,050,986,574.05, representing a 6.75% increase compared to CNY 1,921,223,558.57 in the same period last year[3]. - Net profit attributable to shareholders increased by 267.63% to CNY 22,299,043.38 from CNY 6,065,669.55 year-on-year[3]. - The basic and diluted earnings per share rose to CNY 0.03, a 200.00% increase from CNY 0.01 in the previous year[3]. - The company reported a net profit margin for Q1 2025, calculated from the difference between total revenue and total costs, indicating a focus on maintaining profitability amidst rising costs[15]. - The company's net profit for Q1 2025 reached ¥22,299,043.38, a significant increase from ¥2,291,300.78 in Q1 2024, representing a growth of approximately 871%[16]. - Operating profit for the first quarter was ¥25,440,068.94, compared to ¥3,035,676.04 in the same period last year, indicating a substantial improvement[16]. - Total revenue from sales of goods and services in Q1 2025 was ¥1,859,565,828.35, up from ¥1,458,169,110.45 in Q1 2024, reflecting a year-over-year increase of about 27.5%[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,988,144,432.72, an increase of 8.53% from CNY 9,202,939,304.19 at the end of the previous year[4]. - Current assets totaled ¥6,525,061,500.53 as of March 31, 2025, compared to ¥5,709,959,482.93 at the end of 2024, representing a growth of 14.29%[11]. - Total liabilities reached ¥5,002,750,966.97 as of March 31, 2025, compared to ¥4,238,262,569.32 at the end of 2024, reflecting an increase of 18.06%[12]. - The total assets increased to ¥10,726,304,714.59 as of March 31, 2025, compared to ¥8,142,890,952.59 at the end of 2024, reflecting a growth of 31.7%[24]. - The total liabilities rose to ¥6,089,605,288.35, up from ¥3,544,799,993.11, indicating an increase of 72.3%[24]. Cash Flow - The net cash flow from operating activities was negative at CNY -149,774,163.45, an improvement from CNY -311,572,839.95 in the same period last year[3]. - The net cash flow from operating activities for Q1 2025 was -¥149,774,163.45, an improvement from -¥311,572,839.95 in Q1 2024[21]. - The company reported a net cash outflow from investing activities of -¥604,449,177.01 in Q1 2025, compared to -¥44,967,029.56 in Q1 2024, indicating increased investment activity[21]. - The net cash flow from investing activities was -595,950,288.49 RMB in Q1 2025, a significant decline from 46,981,856.83 RMB in Q1 2024[30]. - The net cash flow from financing activities was 867,710,205.65 RMB in Q1 2025, a recovery from -128,213,090.90 RMB in Q1 2024[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,541[8]. - The top two shareholders, Tang Funan and Wang Davi, hold 20.84% and 19.88% of the shares, respectively[8]. Expenses and Financial Performance - The company reported a decrease in expense ratio by 1.90 percentage points, contributing to the increase in net profit[6]. - The company incurred research and development expenses of ¥59,104,249.24 in Q1 2025, compared to ¥95,768,494.39 in Q1 2024, showing a decrease in R&D spending[16]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥11,967,554.25 in Q1 2025 from ¥17,572,294.26 in Q1 2024[16]. - The company's financial income, including interest income, was ¥8,961,712.24, compared to ¥6,843,565.37 in Q1 2024, an increase of 31%[26]. - The company reported a credit impairment loss of ¥2,582,598.44 in Q1 2025, compared to a gain of ¥1,517,034.99 in Q1 2024[26].