Financial Performance - Operating revenue increased by 19.21% to ¥31,078,046.75 year-on-year[10] - Net profit attributable to shareholders rose by 191.55% to ¥7,512,052.32 compared to the same period last year[10] - Basic earnings per share increased by 166.67% to ¥0.08[10] - The company reported a net profit margin improvement, with net income for Q1 2025 showing a positive trend compared to the previous year, although specific figures were not disclosed in the provided data[42] - The company's net profit for Q1 2025 reached CNY 7,793,044.92, a significant increase from CNY 2,554,322.21 in Q1 2024, representing a growth of approximately 205.5%[45] - Total operating revenue for Q1 2025 reached ¥31,078,046.75, an increase from ¥26,069,542.53 in Q1 2024, representing a growth of approximately 19.3%[42] - The operating profit for Q1 2025 was CNY 8,138,424.80, compared to CNY 2,552,490.71 in Q1 2024, reflecting an increase of approximately 219.5%[45] - The total comprehensive income for Q1 2025 was CNY 7,793,044.92, significantly higher than CNY 2,554,322.21 in Q1 2024, showing an increase of about 205.5%[46] Cash Flow - Cash flow from operating activities showed a net outflow of ¥49,129,715.29, a decrease of 23.80% compared to the previous year[10] - Cash inflows from operating activities totaled CNY 28,331,152.87 in Q1 2025, compared to CNY 25,384,196.23 in Q1 2024, representing an increase of approximately 7.7%[47] - The net cash flow from operating activities for Q1 2025 was -46,955,457.96, compared to -39,483,375.65 in Q1 2024, indicating a decline of approximately 19.5% year-over-year[50] - Cash inflow from operating activities totaled 28,330,377.58 in Q1 2025, up from 25,220,006.18 in Q1 2024, representing an increase of about 8.4%[49] - Cash outflow from operating activities increased to 75,285,835.54 in Q1 2025, compared to 64,703,381.83 in Q1 2024, reflecting a rise of approximately 16.3%[50] - The net cash flow from investment activities was -26,829,986.09 in Q1 2025, an improvement from -41,100,000.00 in Q1 2024, showing a reduction in losses of about 34.6%[50] - Cash inflow from investment activities reached 51,562,653.91 in Q1 2025, compared to 36,500,000.00 in Q1 2024, marking an increase of approximately 41.2%[50] Assets and Liabilities - Total assets decreased by 3.91% to ¥605,016,180.74 compared to the end of last year[10] - Current assets totaled ¥542,868,198.60, down from ¥567,266,470.10, indicating a reduction of about 4.3%[36] - Total liabilities decreased to ¥50,348,678.20 from ¥83,594,064.49, a reduction of approximately 39.8%[38] - Shareholders' equity increased to ¥554,667,502.54 from ¥546,018,564.59, reflecting a growth of about 1.3%[38] - The company reported a significant decrease in accounts payable from ¥17,674,080.86 to ¥13,728,077.26, a decline of approximately 22.1%[37] - Total assets decreased to ¥605,237,913.20 as of March 31, 2025, down from ¥628,232,592.28 as of December 31, 2024, a reduction of approximately 3.7%[40] - Total liabilities decreased to ¥51,316,386.66 as of March 31, 2025, from ¥83,240,996.29 as of December 31, 2024, a decline of about 38.3%[41] - Shareholders' equity increased to ¥553,921,526.54 as of March 31, 2025, compared to ¥544,991,595.99 as of December 31, 2024, an increase of approximately 1.6%[41] Expenses - Research and development expenses increased by 51.26% to ¥6,894,483.02, reflecting increased investment in R&D[13] - Management expenses rose by 69.15% to ¥4,172,619.48, primarily due to new share-based payment expenses[13] - Sales expenses increased from 7,663,732.28 to 8,445,818.56 year-over-year[17] - Total operating costs for Q1 2025 were ¥33,862,461.17, up from ¥26,903,923.37 in Q1 2024, indicating an increase of about 25.8%[42] - The company incurred operating costs of CNY 13,717,213.24 in Q1 2025, up from CNY 12,365,224.65 in Q1 2024, which is an increase of about 10.9%[45] - Research and development expenses rose to CNY 6,574,926.97 in Q1 2025, compared to CNY 4,487,696.79 in Q1 2024, indicating a growth of approximately 46.5%[45] Shareholder Information - The total number of unrestricted shares increased from 25,944,200 (28.23%) to 27,263,667 (29.67%) during the reporting period[18] - The total share capital remained at 91,904,900, with 7,755 common shareholders[18] - Major shareholder Han Chengzhi holds 50,542,831 shares, representing 54.99% of the total shares[19] - The number of shares held by the top ten shareholders accounts for 74.96% of the total shares, with no pledges or judicial freezes reported[21] Government Subsidies - Other income surged by 275.45% to ¥9,752,710.87, mainly from government subsidies of ¥7.23 million[13] - The company received government subsidies amounting to 7,430,000.00, which are closely related to its business operations[15] Stock Repurchase and Incentive Plans - The company approved the 2024 stock option incentive plan, granting 1,377,175 stock options to 91 incentive targets on December 20, 2024[27] - The stock repurchase plan allows for the buyback of 1,100,000 to 1,750,000 shares, with a maximum price of 17.00 CNY per share, totaling an estimated repurchase fund of 18.7 million to 29.75 million CNY[29] - As of January 31, 2025, the company repurchased 1,377,175 shares, accounting for 1.50% of the total share capital, with a total payment of 18,201,332.51 CNY[30] - The highest transaction price during the repurchase was 15.41 CNY per share, while the lowest was 11.47 CNY per share[30] - The repurchased shares will be used for stock incentive plans and will not have voting rights or profit distribution rights until utilized[30] - The stock option incentive plan was publicly solicited for employee feedback, with no objections raised against the nomination of 82 core employees[25] - The stock repurchase plan was approved by the board on July 25, 2024, and does not require shareholder meeting approval[28] - The repurchase period is set from July 25, 2024, to February 26, 2025[30] - The company is committed to enhancing long-term investment value through the stock repurchase initiative[29] Accounting and Adjustments - The company has not reported any adjustments or restatements in accounting data for the current period[16] - The company has no new commitments during the reporting period, with previously disclosed commitments available in the prospectus dated August 2, 2023[30]
国子软件(872953) - 2025 Q1 - 季度财报