Financial Performance - Net profit attributable to shareholders decreased by 83.48% to CNY 3,860,450.61 compared to the same period last year[11] - Operating income rose by 21.44% to CNY 144,831,816.96 compared to the same period last year[11] - The net profit for Q1 2025 was CNY 30,719.40, a significant decrease from CNY 21,258,289.05 in Q1 2024[44] - Operating revenue for Q1 2025 was CNY 51,253,200.38, compared to CNY 75,210,057.45 in Q1 2024, indicating a decline[44] - The total profit for Q1 2025 was CNY 477,573.94, down from CNY 24,210,131.89 in Q1 2024[44] - The company reported a basic and diluted earnings per share of CNY 0.03 for Q1 2025, compared to CNY 0.23 in Q1 2024[42] Cash Flow - Cash flow from operating activities showed a negative net flow of CNY -14,590,801.65, a decrease of 136.06% compared to the same period last year[14] - The cash inflow from operating activities in Q1 2025 was CNY 104,960,007.35, down from CNY 147,795,892.17 in Q1 2024[46] - The cash outflow from operating activities in Q1 2025 was CNY 119,550,809.00, compared to CNY 107,332,976.44 in Q1 2024[46] - The net cash flow from operating activities was -4,908,655.67 yuan for Q1 2025, compared to 39,582,324.30 yuan in Q1 2024, indicating a significant decline[49] - Total cash inflow from financing activities reached 155,861,200.00 yuan in Q1 2025, a substantial increase from 15,000,000.00 yuan in Q1 2024[50] - The net cash flow from financing activities was 139,568,931.79 yuan in Q1 2025, compared to 414,570.12 yuan in Q1 2024, showing a strong improvement[50] - The net cash flow from investment activities was -40,295,962.50 yuan in Q1 2025, slightly worse than -39,794,469.33 yuan in Q1 2024[50] Assets and Liabilities - Total assets increased by 13.15% to CNY 915,479,712.69 compared to the end of last year[11] - The company's debt-to-asset ratio decreased from 55.07% to 47.57%[11] - Total liabilities decreased to ¥435,449,919.56 from ¥445,581,980.30, a reduction of about 2.5%[36] - Current assets totaled ¥379,459,572.90, compared to ¥276,645,263.39 at the end of 2024, indicating a growth of about 37.2%[34] - Fixed assets rose to ¥464,336,177.70 from ¥437,425,766.70, reflecting an increase of approximately 6.1%[35] - The company has pledged assets totaling ¥216,304,099.93, which accounts for 23.63% of total assets[30] Shareholder Information - The total number of ordinary shares increased from 100,000,000 to 123,000,000, with a significant increase in restricted shares from 95,712,250 to 99,712,250, representing 81.07% of total shares[19] - The largest shareholder, Zhou Hong, holds 51,852,875 shares, accounting for 42.16% of the total shares[20] - The number of ordinary shareholders increased to 5,752 during the reporting period[19] - The company has not engaged in any share buyback activities during the reporting period[24] Guarantees and Commitments - The company provided guarantees totaling 7,000,000.00 from September 23, 2022, to September 23, 2025, which have not yet been fulfilled[28] - A guarantee of 500,000.00 was fulfilled on March 21, 2025, provided by the same parties[28] - The company has a total of 14,100,000.00 in guarantees that are not yet fulfilled, starting from November 4, 2022, to November 4, 2025[28] - Guarantees amounting to 63,798,566.66 are recorded, with a significant portion still outstanding[27] - The company has multiple guarantees with varying amounts, including 3,000,000.00 and 6,000,000.00, which are not yet fulfilled[28] Expenses - Management expenses increased by 81.30% to CNY 7,840,550.74, primarily due to expenses related to the Thai subsidiary's production preparations[13] - Research and development expenses for Q1 2025 were ¥7,291,708.31, down from ¥10,153,811.04 in Q1 2024, indicating a decrease of about 28.3%[40] - The company incurred credit impairment losses of CNY 1,464,594.47 in Q1 2025, compared to a gain of CNY 166,069.25 in Q1 2024[44] - Other income for Q1 2025 was CNY 1,217,642.35, significantly lower than CNY 5,380,610.04 in Q1 2024[44] Government Subsidies and Non-Recurring Gains - Government subsidies recognized in the current profit and loss amounted to ¥46,213.05 million, which are closely related to the company's normal business operations[16] - The total non-recurring gains and losses for the period reached ¥53,062.18 million, with a net amount of ¥45,102.85 million after tax effects[17]
宏海科技(920108) - 2025 Q1 - 季度财报