Actions(SH:688049)2025-04-28 13:20Financial Performance - The company achieved operating revenue of CNY 191.95 million in Q1 2025, representing a year-on-year increase of 62.03%, marking a historical high for quarterly revenue [5]. - The net profit attributable to shareholders reached CNY 41.45 million, up 385.67% year-on-year, while the net profit excluding non-recurring gains and losses was CNY 38.62 million, reflecting a 606.03% increase [7]. - Basic earnings per share were CNY 0.29, up 383.33% year-on-year, while diluted earnings per share were CNY 0.28, reflecting a 366.67% increase [7]. - Operating profit for Q1 2025 was RMB 41,481,450.28, up from RMB 8,667,644.86 in Q1 2024, reflecting a growth of 377.5% [24]. - Net profit for Q1 2025 was RMB 41,449,725.71, compared to RMB 8,534,610.54 in Q1 2024, marking an increase of 385.5% [24]. - The total comprehensive income for the period reached CNY 41,323,924.89, significantly up from CNY 8,662,584.44 in the previous year, indicating a strong performance improvement [25]. Cash Flow and Investments - The net cash flow from operating activities was CNY 34.87 million, a significant increase of 246.54% compared to the same period last year, primarily due to increased sales revenue [7]. - Cash flow from operating activities generated a net inflow of CNY 34,871,876.86, compared to CNY 10,062,862.33 in the same quarter last year, showcasing enhanced operational efficiency [27]. - Cash inflow from investment activities totaled CNY 1,324,020,069.95, a significant increase from CNY 288,107,171.14 year-over-year [27]. - The net cash flow from investment activities was negative at CNY -138,252,693.15, contrasting with a positive inflow of CNY 18,128,276.22 in the previous year, indicating increased investment expenditures [27]. - Cash and cash equivalents at the end of the period amounted to CNY 226,831,629.40, down from CNY 144,247,663.09 a year earlier, reflecting cash management challenges [27]. Research and Development - Total R&D investment amounted to CNY 51.01 million, which is 13.38% higher than the previous year, but the proportion of R&D investment to operating revenue decreased to 26.58% from 37.98% [6]. - Research and development expenses for Q1 2025 were RMB 51,014,383.57, compared to RMB 44,996,040.06 in Q1 2024, an increase of 13.4% [24]. - The company is actively embracing edge product development, continuously investing in technology R&D, and iterating new products, contributing to rapid revenue growth [12]. Market Presence and Sales - The company is expanding its market presence and deepening cooperation with clients, particularly in the audio product segment, which has seen increased sales and product iterations [12]. - The company reported a significant increase in sales volume of edge processor chips and low-latency high-quality wireless audio products, driving revenue growth [12]. - The company reported cash inflow from sales of goods and services of CNY 196,732,968.63, up from CNY 128,769,353.53 in the prior year, indicating strong sales growth [26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,519 [14]. - The largest shareholder, Zhuhai Ruisheng Investment Partnership, holds 33,868,320 shares, representing 23.18% of the total shares [14]. - The top ten shareholders include various investment funds, with the second-largest being China Bank's investment fund holding 3,580,000 shares, or 2.45% [15]. - The top ten unrestricted shareholders include several investment partnerships, with the largest being Zhuhai Ruisheng Investment Partnership [15]. - The company has a total of 146,136,404 shares outstanding [17]. Share Repurchase Plans - The company plans to repurchase shares using raised funds, with a total amount not less than RMB 22.5 million and not exceeding RMB 45 million, at a price not exceeding RMB 30.00 per share [16]. - As of April 1, 2025, the company has repurchased 160,000 shares, accounting for 0.109% of the total share capital, with a total payment of RMB 7,731,452.38 [17]. - The repurchase price ceiling has been adjusted from RMB 30.00 to RMB 53.00 per share [17]. Financial Position - The company's total assets at the end of the reporting period were CNY 2.14 billion, a slight decrease of 0.92% from the end of the previous year [6]. - Current assets totaled RMB 1,902,242,411.66, down from RMB 1,922,829,342.69 at the end of 2024, representing a decrease of 1.5% [20]. - Current liabilities decreased to RMB 205,098,961.91 from RMB 266,533,879.17, a reduction of 23.0% [20]. - The total liabilities as of March 31, 2025, were RMB 220,436,321.02, down from RMB 282,562,220.41 at the end of 2024, a decrease of 21.9% [21]. - The equity attributable to shareholders increased by 2.25% to CNY 1.92 billion compared to the end of the previous year [6]. - The equity attributable to shareholders increased to RMB 1,921,606,594.96 from RMB 1,879,391,800.63, an increase of 2.2% [21]. Operational Strategy - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending [16]. - The company has not disclosed any significant changes in its operational situation during the reporting period [16]. - The company did not execute any mergers or acquisitions during the reporting period, focusing instead on organic growth strategies [28]. - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting [28].