TOREAD(300005)2025-04-28 12:50Financial Performance - The company's operating revenue for Q1 2025 was ¥355,519,306.63, a decrease of 7.04% compared to ¥382,424,534.01 in the same period last year[5] - The net profit attributable to shareholders for Q1 2025 was ¥49,322,963.15, down 30.70% from ¥71,177,670.32 in the previous year[5] - The basic earnings per share for Q1 2025 was ¥0.0584, a decrease of 28.61% from ¥0.0818 in the same period last year[5] - Net profit fell to ¥44,642,422.73 compared to ¥67,035,045.37 in the previous period, reflecting a decline of approximately 33.47%[19] - The company reported a total comprehensive income of ¥42,859,285.33, down from ¥57,833,457.44, reflecting a decrease of approximately 26.00%[19] Cash Flow - The net cash flow from operating activities was -¥119,433,371.68, representing an 87.99% decline compared to -¥63,531,375.33 in Q1 2024[5] - Cash flow from operating activities showed a net outflow of ¥119,433,371.68, worsening from a net outflow of ¥63,531,375.33 in the previous period[22] - The net cash flow from investing activities decreased by 43.05% to ¥120,176,037.98, attributed to reduced net recoveries from financial products[9] - Cash flow from investing activities generated a net inflow of ¥120,176,037.98, down from ¥211,018,251.04 year-over-year[22] - Cash and cash equivalents at the end of the period decreased to ¥680,342,214.01 from ¥772,991,833.19, a decline of approximately 11.93%[23] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥2,604,093,776.79, an increase of 0.58% from ¥2,588,996,229.30 at the end of the previous year[5] - The company's total liabilities decreased to CNY 646,794,322.30 from CNY 674,556,060.14, indicating a reduction in financial obligations[16] - The total current assets decreased slightly to CNY 1,786,288,072.13 from CNY 1,811,032,868.45, indicating a minor reduction in overall current resources[15] - Cash and cash equivalents decreased to CNY 695,027,441.88 from CNY 747,839,557.69, showing a decline in liquidity[15] - Accounts receivable increased to CNY 265,817,115.67 from CNY 216,981,924.13, indicating a rise in credit sales[15] - Inventory rose significantly to CNY 438,485,634.65 from CNY 349,100,411.77, suggesting increased stock levels[15] Shareholder Equity - The equity attributable to shareholders increased by 2.45% to ¥1,996,725,179.92 from ¥1,948,934,626.56 at the end of the previous year[5] - The total equity attributable to the parent company increased to CNY 1,996,725,179.92 from CNY 1,948,934,626.56, reflecting a growth in shareholder value[17] - The company's retained earnings increased to CNY 443,151,461.66 from CNY 393,828,498.51, reflecting improved profitability[17] Operating Expenses - The company reported a significant increase in other current assets by 90.87%, primarily due to an increase in VAT receivables[9] - The company experienced a 91.93% reduction in financial expenses, mainly due to decreased exchange gains from subsidiaries[9] - The company reported a 546.46% increase in operating expenses, primarily due to increased donations during the reporting period[9] - Total operating costs reduced to ¥303,858,229.33 from ¥310,032,156.50, a decrease of about 1.88%[18] - Research and development expenses increased to ¥15,667,943.98 from ¥12,384,734.91, marking a rise of about 26.25%[18] Stock Information - The company held 38,764,727 shares in its stock repurchase account, representing 4.39% of the total share capital[12] - The company's short-term borrowings remained stable at CNY 10,000,000.00, indicating no change in short-term financing needs[16]