2025-04-28 13:30Financial Performance - In Q1 2025, the company reported revenue of approximately CNY 88.79 million, a decrease of 0.54% compared to the same period last year[3]. - Net profit attributable to shareholders was approximately CNY 13.62 million, down 15.55% year-on-year, while the net profit excluding non-recurring gains and losses was approximately CNY 13.30 million, a decrease of 14.21%[4]. - The company achieved a 67.28% increase in net profit compared to Q4 2024, despite the year-on-year decline[4]. - Total operating revenue for Q1 2025 was ¥887,947,169.25, a slight decrease of 0.9% compared to ¥892,743,914.70 in Q1 2024[19]. - Net profit for Q1 2025 was ¥128,718,576.65, a decrease of 18.7% from ¥158,345,185.16 in Q1 2024[20]. - The company reported a total comprehensive income of ¥128,544,124.29 for Q1 2025, down from ¥158,376,563.30 in Q1 2024[21]. Cash Flow and Liquidity - The company's cash flow from operating activities was negative at CNY -2.66 million, compared to a positive CNY 1.06 million in the same period last year[3]. - The net cash flow from operating activities was -$26,589,691.20, a decrease from $10,580,615.27 in the previous period, indicating a decline in operational performance[24]. - Cash outflow for operating activities totaled $829,724,854.56, up from $765,413,481.69, reflecting higher operational costs[24]. - The ending balance of cash and cash equivalents was $940,707,884.85, a decrease from $740,560,120.10, indicating a decline in liquidity[25]. Investment and R&D - R&D investment totaled CNY 26.71 million, a decrease of 7.31% from the previous year, representing 30.09% of revenue, down 2.19 percentage points[4]. - Research and development expenses for Q1 2025 were ¥247,894,406.78, slightly up from ¥245,299,852.18 in Q1 2024[20]. - Total cash inflow from investment activities was $301,380,681.28, compared to $161,100,016.13 in the prior period, showing an increase in investment returns[24]. - The net cash flow from investment activities was -$60,013,848.02, an improvement from -$236,550,874.02 previously, reflecting better investment management[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 921.82 million, an increase of 1.96% from the end of the previous year[4]. - Current assets totaled CNY 6,663,577,154.75, compared to CNY 6,480,978,592.52 at the end of 2024, reflecting a growth of approximately 2.82%[15]. - Total liabilities as of the latest reporting period were ¥2,539,354,652.04, up from ¥2,496,991,876.30[17]. - Total current liabilities were CNY 2,262,885,521.83, slightly up from CNY 2,224,391,190.13, marking an increase of approximately 1.73%[16]. Shareholder Information - The company had 23,460 A-share shareholders and 12 H-share shareholders as of the report date[12]. - The top ten shareholders held a combined 84.88% of the total shares, with the largest shareholder owning 34.60%[12]. Other Financial Metrics - The gross profit margin for the product lines increased from 56.65% to 58.14% year-on-year, with a gross profit amounting to CNY 10.49 million higher than the previous year[5]. - The revenue from the non-volatile memory segment decreased by 18.82% to approximately CNY 23.70 million, impacting overall revenue performance[5]. - The company experienced an increase in credit impairment losses by CNY 40.23 million due to changes in accounts receivable and inventory aging[5]. - Earnings per share for Q1 2025 was ¥0.17, compared to ¥0.20 in Q1 2024[21]. - Deferred income was reported at ¥19,554,004.32, compared to ¥20,516,501.67 in the previous period[17].