华立科技(301011) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥185,011,252.10, a decrease of 14.04% compared to ¥215,233,546.05 in the same period last year[5] - Net profit attributable to shareholders was ¥11,429,685.43, down 42.78% from ¥19,976,197.44 year-on-year[5] - Basic and diluted earnings per share decreased to ¥0.08, down 42.86% from ¥0.14 in the same period last year[5] - Total operating revenue for the current period is ¥185,011,252.10, a decrease of 14.06% from ¥215,233,546.05 in the previous period[26] - Net profit for the current period is ¥11,429,685.43, down 42.58% from ¥19,976,197.44 in the previous period[28] - Earnings per share (basic and diluted) decreased to ¥0.08 from ¥0.14, a decline of 42.86%[29] Cash Flow - The net cash flow from operating activities was -¥64,503,679.01, a significant decline of 461.60% compared to ¥17,838,357.73 in the previous year[5] - Cash inflow from operating activities increased to ¥230,301,574.90 from ¥224,474,154.88, an increase of 2.93%[30] - The net cash flow from operating activities was -$64.5 million, a decrease from $17.8 million in the previous period[31] - Cash inflow from financing activities was $59.2 million, significantly higher than $10 million in the previous period[31] - The net cash flow from financing activities was $21.3 million, improving from -$4.2 million year-over-year[31] - The net increase in cash and cash equivalents was -$78.8 million, compared to -$31.8 million in the previous period[31] - The ending balance of cash and cash equivalents was $83.5 million, down from $123.7 million at the end of the previous period[31] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥1,300,968,843.20, a slight decrease of 0.42% from ¥1,306,513,320.93 at the end of the previous year[5] - Current assets decreased from CNY 788,567,155.92 to CNY 787,433,458.85, primarily due to a reduction in cash and cash equivalents[22] - The company's short-term borrowings increased significantly from CNY 40,030,833.33 to CNY 89,283,868.44, indicating a potential increase in leverage[23] - Total liabilities decreased to ¥538,994,445.70 from ¥557,278,628.65, a reduction of 3.28%[24] - Total liabilities of the company increased, with current liabilities rising from CNY 51,434,045.49 to CNY 26,526,793.67 in accounts payable[23] Inventory and Receivables - Accounts receivable decreased from CNY 293,853,094.02 to CNY 261,425,773.00, reflecting a reduction in sales or improved collection efforts[22] - Inventory increased from CNY 267,323,040.15 to CNY 312,755,120.68, suggesting potential overstocking or anticipated demand[23] Shareholder Information - The company had a total of 17,019 common shareholders at the end of the reporting period[15] Operational Efficiency and Future Growth - The company is focusing on improving operational efficiency and exploring new market opportunities to drive future growth[21] Other Financial Metrics - The gross margin for game and amusement equipment sales was 28.88%, a decrease of 12.97% compared to the previous year[16] - Research and development expenses rose to ¥9,309,119.63 from ¥7,473,510.92, an increase of 24.58%[27] - The company reported a tax expense of ¥2,957,421.50, down from ¥4,210,124.90, a decrease of 29.77%[28] - Other comprehensive income after tax for the current period was -¥280,707.62, compared to ¥37,273.33 in the previous period[28] Accounting and Governance - The company did not undergo an audit for the first quarter report[33] - The new accounting standards will be implemented starting in 2025[32] - The board of directors meeting was held on April 28, 2025[34]