Financial Performance - Operating revenue for Q1 2025 was CNY 161,264,239.68, representing a decrease of 23.92% from CNY 211,968,942.81 in the same period last year[9] - Net profit attributable to shareholders for Q1 2025 was CNY 9,757,812.12, down 62.79% from CNY 26,226,725.33 in Q1 2024[9] - The basic earnings per share for Q1 2025 was CNY 0.10, down 61.54% from CNY 0.26 in Q1 2024[9] - In Q1 2025, the net profit decreased by 63.24% year-on-year, amounting to 9,384,642.17 yuan, primarily due to reduced production and order volume from downstream customers[12] - The operating income for Q1 2025 decreased by 4,382.00 million yuan compared to the same period last year, influenced by production line changes and declining orders[12] - The company reported a total profit of ¥11,310,914.97 in Q1 2025, a decrease of 63.1% from ¥30,692,020.46 in Q1 2024[64] - The net profit for Q1 2025 is CNY 16,335,992.84, a decrease of 50.06% compared to CNY 32,621,950.83 in Q1 2024[68] - Operating profit for Q1 2025 is CNY 17,878,175.50, down 52.23% from CNY 37,363,902.89 in Q1 2024[68] Cash Flow - The net cash flow from operating activities improved significantly to CNY 17,843,637.18, a 636.48% increase compared to a negative CNY 3,326,027.68 in the previous year[9] - The cash flow from operating activities increased by 636.48% year-on-year, reaching 17,843,637.18 yuan, despite a decrease in cash received from sales[12] - Cash flow from operating activities for Q1 2025 is CNY 17,843,637.18, compared to a negative cash flow of CNY -3,326,027.68 in Q1 2024[70] - Cash flow from investing activities for Q1 2025 shows a net outflow of CNY -25,816,908.92, compared to a net outflow of CNY -18,770,883.00 in Q1 2024[71] - Cash flow from financing activities for Q1 2025 is CNY 34,981,658.75, an increase from CNY 22,476,131.25 in Q1 2024[71] Assets and Liabilities - Total assets as of March 31, 2025, reached CNY 806,794,212.11, an increase of 4.38% compared to CNY 772,955,762.56 at the end of 2024[9] - The company's asset-liability ratio (consolidated) was 55.46% at the end of Q1 2025, slightly up from 54.81% at the end of 2024[9] - Total liabilities increased to ¥447,438,602.81 from ¥423,691,180.33, which is an increase of approximately 5.6%[57] - Total current assets amounted to ¥429,962,273.41, an increase from ¥415,085,759.09 as of December 31, 2024, representing a growth of approximately 2.3%[55] - Total non-current assets reached ¥376,831,938.70, up from ¥357,870,003.47, marking an increase of about 5.5%[56] Research and Development - Research and development expenses for Q1 2025 amounted to CNY 9,422,751.14, an increase of 37.19% compared to the same period last year[11] - Research and development expenses increased to ¥9,422,751.14 in Q1 2025, up 37.5% from ¥6,868,586.47 in Q1 2024[63] - Research and development expenses increased by 134.42 million yuan compared to the same period last year, reflecting the company's commitment to innovation[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,445, with a total share capital of 100,582,560 shares[17] - The company plans to lift the trading restrictions on 1,084,815 shares on August 26, 2024, with 229,185 shares remaining under restriction[36] - The company has disclosed a plan for shareholders to reduce their holdings of up to 1,084,815 shares through market transactions starting December 19, 2024[36] Legal Matters - The company reported a net asset involvement of 10.45% related to a lawsuit involving an amount of 37,545,600[24] - The ongoing arbitration case with Magnum Technologies involves a claim of approximately 35 million USD for damages due to breach of contract[29] - The company has committed to covering any potential losses from the lawsuit regarding commercial secrets, ensuring no financial impact on the company[26] - The company is currently involved in multiple legal proceedings, with the outcomes still pending[31] Stock Options and Incentives - The 2021 employee stock ownership plan involved 45 employees holding a total of 730,000 shares, representing 1.32% of the company's total shares[34] - The 2022 stock option incentive plan initially granted 2,300,000 options, which is 4.17% of the company's total share capital at the time of announcement, with 1,960,000 options granted initially[38] - As of November 10, 2023, 79,110 options from the 2022 stock option incentive plan have been exercised by 63 eligible participants[41] - The company has approved the recognition of core employees for the 2022 stock option incentive plan, with subsequent grants planned[40] - The company reported that the first exercise condition for the 2022 stock option incentive plan has been met, allowing eligible participants to exercise their options[41] Financial Obligations - The company has provided guarantees totaling $3,800,000, with a remaining guarantee amount of $3,583,333.33 as of the reporting period[32] - The company has a loan agreement with Wuxi Dechuang, with a repayment plan in place, and has received a repayment of 900,000 yuan during the reporting period. The remaining balance of the loan, discounted for interest, is 18,528,100 yuan as of March 31, 2025[33]
骏创科技(833533) - 2025 Q1 - 季度财报