ECH(603200)2025-04-28 12:40Financial Performance - The company's operating revenue for Q1 2025 was ¥102,798,215.36, a decrease of 17.73% compared to ¥124,946,060.54 in the same period last year[4] - Net profit attributable to shareholders was ¥9,828,510.35, down 51.39% from ¥20,220,249.90 year-on-year[4] - The basic earnings per share decreased by 51.52% to ¥0.0560 from ¥0.1155 in the previous year[4] - The net cash flow from operating activities was ¥6,204,247.31, a decline of 62.47% compared to ¥16,531,791.22 in the same period last year[4] - Total revenue for Q1 2025 was CNY 102,798,215.36, a decrease of 17.7% compared to CNY 124,946,060.54 in Q1 2024[19] - Net profit for Q1 2025 was CNY 8,216,004.09, down 56.7% from CNY 18,972,353.40 in Q1 2024[19] - Operating profit for Q1 2025 was CNY 9,836,981.48, a decline of 55.5% compared to CNY 22,048,574.14 in Q1 2024[19] Assets and Equity - Total assets at the end of the reporting period were ¥1,583,281,619.43, a slight increase of 0.04% from ¥1,582,650,273.98 at the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 1.07% to ¥970,972,166.57 from ¥960,730,432.96 at the end of the previous year[5] - Total assets amounted to CNY 1,583,281,619.43, slightly up from CNY 1,582,650,273.98 in the previous period[16] - The total equity attributable to shareholders increased to CNY 970,972,166.57 from CNY 960,730,432.96, reflecting a growth of 1.3%[16] Cash Flow - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 169,578,080.92, an increase from RMB 165,668,954.49 on December 31, 2024, reflecting a growth of approximately 1.1%[14] - Cash flow from operating activities for Q1 2025 was not detailed, but the overall financial health indicates a focus on cost management[22] - Cash flow from operating activities for Q1 2025 was 16,531,791.22 in Q1 2024[23] - Total cash inflow from operating activities was 155,225,193.75 in the previous year[23] - Cash outflow for purchasing goods and services increased to 73,460,349.21, representing a 17.5% rise[23] - Net cash flow from investing activities was -9,391,515.49 in the same quarter last year[24] - Cash inflow from financing activities totaled 51,286,651.75 in Q1 2024, showing a slight increase[24] - Net cash flow from financing activities decreased to 14,898,632.09 year-over-year[24] - The ending cash and cash equivalents balance for Q1 2025 was 295,851,674.73 in Q1 2024[24] - Cash received from the sale of investments increased to 300,000.00, marking a significant growth[23] - Cash paid for fixed assets and other long-term assets was 9,788,167.70 in the previous year[24] - The company experienced a foreign exchange gain of 46,862.90 in Q1 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,274[9] - The company has no significant changes in the shareholding structure among the top 10 shareholders, with no participation in margin trading or securities lending activities reported[11] Inventory and Receivables - Accounts receivable increased to RMB 312,979,523.91 from RMB 302,968,076.91, representing a growth of about 3.3%[14] - The company’s inventory increased to RMB 122,647,088.41 from RMB 105,754,631.37, reflecting a growth of approximately 16%[14] - The company’s prepayments rose to RMB 20,961,829.68 from RMB 16,210,449.49, indicating an increase of about 29%[14] - The company’s contract assets decreased to RMB 56,583,168.42 from RMB 93,112,063.44, a decline of approximately 39.3%[14] Strategic Initiatives - The company completed 13 batches of solid-state electrolyte powder deliveries covering 12 customers, and 19 batches of new silicon-carbon anode material deliveries covering 15 customers, indicating steady revenue growth in these segments, although the scale remains small[12] - The company has initiated a strategic investment by transferring part of its equity in Shandong Fuyuan New Materials Technology Co., Ltd., which will no longer be included in the consolidated financial statements post-transaction[12] Research and Development - Research and development expenses increased to CNY 9,423,604.88 in Q1 2025, compared to CNY 8,699,003.46 in Q1 2024, indicating a commitment to innovation[19] Other Income - The company reported a non-operating income of ¥196,861.80 after accounting for tax and minority interests[7] - Other comprehensive income for Q1 2025 was CNY 413,223.26, compared to a loss of CNY 66,839.71 in Q1 2024, showing improvement in this area[20] Profitability Metrics - The weighted average return on net assets decreased by 1.13 percentage points to 1.03% from 2.16% year-on-year[4] - The decline in net profit was primarily due to the high base from the previous year when the company undertook a high-margin engineering consulting service for an offshore wind power project[7]