Financial Performance - The company's revenue for Q1 2025 was ¥1,535,488,273.72, a decrease of 6.14% compared to ¥1,635,891,968.96 in the same period last year[5] - Net profit attributable to shareholders increased by 36.93% to ¥177,843,328.64 from ¥129,875,271.69 year-on-year[5] - The net profit after deducting non-recurring gains and losses rose by 49.90% to ¥198,023,241.46 compared to ¥132,106,250.10 in the previous year[5] - Basic earnings per share rose by 36.66% to ¥0.3627 from ¥0.2654 in the same period last year[5] - Total operating revenue for the current period is ¥1,535,488,273.72, a decrease of 6.14% from ¥1,635,891,968.96 in the previous period[27] - Net profit for the current period is ¥177,902,067.50, an increase of 37.0% compared to ¥129,862,821.27 in the previous period[28] - Basic earnings per share increased to ¥0.3627 from ¥0.2654, reflecting a growth of 36.5%[28] - The total comprehensive income for the current period is ¥350,537,922.63, compared to ¥120,998,203.58 in the previous period, indicating a substantial increase[28] Assets and Liabilities - The company's total assets increased by 16.88% to ¥10,990,968,772.78 from ¥9,403,298,316.92 at the end of the previous year[5] - The total current assets increased to RMB 8,946,920,050.11 from RMB 7,303,988,505.63, reflecting a growth of approximately 22.5%[24] - The company's total liabilities increased to RMB 6,261,013,278.07 from RMB 5,026,997,777.21, representing a rise of approximately 24.6%[26] - The company's equity attributable to shareholders increased by 8.08% to ¥4,730,542,066.28 from ¥4,376,945,850.14 at the end of the previous year[5] - The company's equity attributable to shareholders increased to RMB 4,730,542,066.28 from RMB 4,376,945,850.14, showing a growth of approximately 8.1%[26] Cash Flow - The net cash flow from operating activities was negative at -¥262,308,524.52, worsening by 25.83% compared to -¥208,468,119.38 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥262,308,524.52, worsening from a net outflow of ¥208,468,119.38 in the previous period[31] - Cash flow from investing activities resulted in a net outflow of ¥325,882,052.84, compared to a net inflow of ¥374,468,751.24 in the previous period[31] - Cash flow from financing activities generated a net inflow of ¥1,188,302,524.24, significantly higher than the previous period's inflow of ¥128,379,052.74[32] - The company reported a significant increase in cash flow from financing activities, which rose by 825.62% to ¥118,830.25 from ¥12,837.91 in the previous year[12] - The ending balance of cash and cash equivalents is ¥2,670,783,212.90, up from ¥2,046,216,566.88 in the previous period[32] - The company experienced a 42.00% increase in cash and cash equivalents, reaching ¥376,995.67 from ¥265,349.54 at the beginning of the period[10] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,412[14] - GLOBE HOLDINGS (HONG KONG) CO., LIMITED holds 52.13% of shares, totaling 255,598,466 shares[14] - The second largest shareholder, Junma Enterprise Limited, holds 18.52% with 90,790,870 shares[14] - The total number of shares held by the top 10 shareholders is 99.91% of the total shares[15] - The total number of shares held by the top 10 unrestricted shareholders is 96,790,870 shares[15] - The company has 6,645,100 unrestricted shares held in the repurchase special securities account, representing 1.36%[15] - The total number of restricted shares at the end of the reporting period is 278,021,304 shares[18] - No restricted shares were released during the reporting period[18] - The company plans to release restricted shares for GLOBE HOLDINGS and Chen Yin on February 8, 2027[17] - The company plans to repurchase shares using funds between RMB 100 million and RMB 200 million, with the aim of reducing registered capital[19] - As of March 31, 2025, the company has repurchased a total of 6,645,100 shares, accounting for 1.36% of the total share capital, with a total transaction amount of RMB 87,903,623.05[20] Strategic Initiatives - The company is closely monitoring international trade policies, particularly the impact of U.S. tariffs on its export business, and has established a comprehensive response system[21] - The company has built a global capacity coordination network across the U.S., Vietnam, and China to enhance supply chain flexibility[21] - The company has increased its R&D investment to enhance global competitiveness and product innovation[22] Accounting and Reporting - The first quarter report of Greebo (Jiangsu) Co., Ltd. is unaudited[33] - The new accounting standards will be implemented starting from 2025[33] - The financial statement items related to the first year of the new accounting standards will be adjusted[33] - The board of directors announced the first quarter report on April 29, 2025[33] - There is no indication of user data or performance guidance in the report[33] - No new products or technologies were mentioned in the conference call[33] - There are no details on market expansion or mergers and acquisitions provided[33] - The report does not include any strategic initiatives or future outlook[33] - The company did not disclose any specific financial figures or percentages in the report[33] - The report is focused solely on compliance with accounting standards and audit status[33]
格力博(301260) - 2025 Q1 - 季度财报