Greenway(SH:688345)2025-04-28 13:30Revenue and Profitability - The company's revenue for Q1 2025 reached ¥620,131,295.57, representing a 73.36% increase compared to ¥357,720,738.50 in the same period last year[4]. - The net profit attributable to shareholders was ¥12,635,563.54, a significant recovery from a loss of ¥20,652,607.93 in the previous year[4]. - The total operating revenue for Q1 2025 reached ¥620,131,295.57, a significant increase of 73.3% compared to ¥357,720,738.50 in Q1 2024[17]. - The net profit for Q1 2025 was ¥12,375,487.50, a turnaround from a net loss of ¥20,652,607.93 in Q1 2024[18]. - The company reported a total comprehensive income of ¥36,989,676.04 for Q1 2025, contrasting with a loss of ¥12,939,934.14 in Q1 2024[30]. - The company's operating profit for Q1 2025 was ¥29,641,592.11, a recovery from an operating loss of ¥9,211,682.83 in Q1 2024[29]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥96,894,104.17, an improvement from -¥237,030,294.25 year-on-year[4]. - In Q1 2025, the company reported a net cash flow from operating activities of -96,894,104.17 RMB, an improvement from -237,030,294.25 RMB in Q1 2024[21]. - The cash flow from operating activities generated a net cash inflow of ¥153,119,550.21 in Q1 2025, compared to a net cash outflow of ¥135,958,981.36 in Q1 2024[30]. - The company's financing activities generated a net cash inflow of 387,360,415.58 RMB in Q1 2025, compared to 183,570,999.18 RMB in Q1 2024[23]. Assets and Liabilities - Total assets increased by 16.69% to ¥3,141,581,697.34 from ¥2,692,272,188.53 at the end of the previous year[5]. - The total assets of the company as of March 31, 2025, amounted to 3,059,059,179.91 RMB, an increase from 2,760,681,514.87 RMB at the end of 2024[25]. - The total liabilities increased to ¥2,067,098,500.08 as of March 31, 2025, from ¥1,638,321,777.60 at the end of 2024, representing a rise of 26.2%[15]. - The company’s total liabilities increased to 1,800,000,000.00 RMB as of March 31, 2025, compared to 1,600,000,000.00 RMB at the end of 2024[25]. - The total liabilities increased to ¥1,754,398,528.72 in 2025 from ¥1,493,010,539.72 in 2024, reflecting a growth of 17.5%[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,085[9]. - The largest shareholder, Shenzhen Kunlun Dingtian Investment Co., Ltd., holds 42.25% of the shares[10]. Research and Development - R&D expenses totaled ¥31,502,507.66, accounting for 5.08% of revenue, down from 8.38% in the previous year[5]. - The company reported a significant increase in R&D expenses, which amounted to ¥31,502,507.66 in Q1 2025, compared to ¥29,982,076.68 in Q1 2024, an increase of 5.1%[18]. - Research and development expenses for Q1 2025 were ¥28,263,530.35, up from ¥26,360,627.63 in Q1 2024, indicating a focus on innovation[29]. Inventory and Receivables - The accounts receivable increased to ¥646,901,440.02 from ¥610,961,735.52, showing a growth of 5.9%[13]. - The inventory level as of March 31, 2025, was ¥494,259,969.62, up from ¥478,387,440.33, reflecting an increase of 3.3%[13]. - The company’s inventory as of March 31, 2025, was 373,078,828.76 RMB, slightly up from 362,604,108.24 RMB at the end of 2024[24]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20].