Financial Performance - Net profit attributable to shareholders for Q1 2025 was -¥11,580,423.51, a decrease of 127.33% year-over-year[10] - Operating revenue for Q1 2025 was ¥71,279,399.78, down 6.57% from the same period last year[10] - The net profit for the period was -¥12,178,717.12, reflecting a 151.13% decline, primarily due to decreased operating profit[13] - Total operating revenue for Q1 2025 was CNY 71,279,399.78, a decrease of 6.6% compared to CNY 76,291,894.04 in Q1 2024[42] - Net profit for Q1 2025 was a loss of CNY 12,178,717.12, compared to a loss of CNY 4,849,545.12 in Q1 2024, representing a significant decline[44] - Net profit for Q1 2025 was a loss of CNY 9,875,290.90, compared to a loss of CNY 4,689,769.25 in Q1 2024, representing a 110.5% increase in losses year-over-year[48] Cash Flow - The company's cash flow from operating activities improved significantly, with a net inflow of ¥16,821,788.42, compared to a net outflow of -¥18,030,521.29 in the previous year, marking a 193.30% increase[10] - Cash flow from operating activities for Q1 2025 was CNY 16,821,788.42, a significant improvement from a negative cash flow of CNY 18,030,521.29 in Q1 2024[49] - Total cash inflow from operating activities in Q1 2025 was 129,908,749.11 CNY, while cash outflow was 121,818,028.24 CNY, resulting in a net cash flow of 8,090,720.87 CNY[51] - The company reported a cash inflow from financing activities of 15,682,415.09 CNY in Q1 2025, with a net cash outflow of -167,499.00 CNY[51] Assets and Liabilities - Total assets as of March 31, 2025, reached ¥1,111,062,896.95, an increase of 1.07% compared to the end of 2024[10] - The asset-liability ratio for the consolidated entity increased to 31.01%, up from 29.16% at the end of 2024[10] - Total liabilities rose to ¥344,514,880.72 from ¥320,622,550.25, indicating an increase of approximately 7.4%[36] - Total current assets as of March 31, 2025, amounted to ¥762,343,113.30, a slight increase from ¥756,005,380.36 on December 31, 2024[34] - Accounts receivable decreased to ¥309,992,226.82 from ¥363,909,226.79, reflecting a reduction of approximately 14.8%[34] - Inventory increased significantly to ¥199,808,451.80, up from ¥160,644,294.48, representing a growth of about 24.3%[34] Shareholder Information - The total number of ordinary shares is 79,610,000, with 62.74% being freely tradable shares[18] - The largest shareholder, Deng Xiang, holds 11,169,000 shares, representing 14.03% of the total shares[21] - The top ten shareholders collectively own 42,085,207 shares, accounting for 52.86% of the total shares[21] - The company has 5,228 ordinary shareholders[20] - There are no pledged or judicially frozen shares among the top ten shareholders[24] - The shareholding structure includes 37.26% of shares under lock-up agreements[18] Legal and Compliance - The company has ongoing litigation matters, but the amounts do not meet the threshold for significant litigation disclosure[27] - The company has fulfilled all disclosed commitments without any overdue or violations[29] - The company has no external guarantees or loans during the reporting period[26] Investment Activities - The net cash flow from investing activities decreased by 192.32% to -¥23,660,405.47, mainly due to the purchase of financial products using idle funds[13] - Total investment cash outflow for Q1 2025 was CNY 52,024,250.16, compared to CNY 26,502,679.38 in Q1 2024, indicating increased investment activity[50] - The company reported a net cash flow from investing activities of -CNY 23,660,405.47 in Q1 2025, worsening from -CNY 8,094,140.33 in Q1 2024[50] Research and Development - Research and development expenses remained stable at CNY 14,493,343.27, slightly down from CNY 14,570,039.89 year-over-year[42] - Research and development expenses for Q1 2025 were CNY 10,670,098.79, slightly up from CNY 10,623,629.68 in Q1 2024, indicating a focus on innovation[46] Other Financial Metrics - The company reported a significant increase in credit impairment losses, amounting to CNY 6,580,328.45, compared to CNY 2,127,065.71 in the previous year[42] - The company experienced a significant increase in credit impairment losses, which rose to CNY 5,688,125.89 in Q1 2025 from CNY 1,193,578.24 in Q1 2024, indicating potential challenges in asset quality[46]
派诺科技(831175) - 2025 Q1 - 季度财报