Financial Performance - Operating revenue for the first quarter of 2025 was CNY 169,578,323.17, down 21.65% year-on-year[10] - Net profit attributable to shareholders rose by 22.38% to CNY 31,536,143.92 compared to CNY 25,769,005.23 in the same period last year[10] - Total operating revenue for Q1 2025 was ¥169,578,323.17, a decrease of 21.6% compared to ¥216,450,589.07 in Q1 2024[33] - Net profit for Q1 2025 reached ¥31,536,143.92, a decline of 54.4% from ¥69,005.23 in Q1 2024[34] - The company reported a profit before tax of ¥37,658,532.61 in Q1 2025, compared to ¥77,447.61 in Q1 2024[34] - The company’s total operating profit for Q1 2025 was ¥37,487,865.57, compared to ¥25,485.45 in Q1 2024[34] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 1,058,601,026.88, a decrease of 2.88% compared to the end of 2024[10] - Total liabilities decreased from 592,851,272.29 to 512,774,723.79, a reduction of about 13.5%[28] - Current liabilities decreased from 581,518,593.78 to 500,787,427.06, a decrease of approximately 13.9%[27] - Total current assets decreased from 926,062,898.96 to 898,243,871.00, a decline of about 3.0%[26] - Total non-current assets decreased from 203,963,561.28 to 200,644,334.27, a decline of about 1.6%[31] Shareholder Information - Net assets attributable to shareholders increased by 9.80% to CNY 545,826,303.09 from CNY 497,102,704.61[10] - The number of ordinary shareholders increased to 6,982, reflecting a growing investor interest[16] - The total number of shares held by the top ten shareholders increased to 110,670,046, representing 76.14% of the total shares[19] - The largest shareholders, Fang Gaoyuan and Fang Pintian, each hold 47,843,337 shares, accounting for 32.91% of the total shares[19] Cash Flow - Cash flow from operating activities decreased by 75.35% to CNY 4,720,168.15, primarily due to a reduction in recovered deposits[12] - Operating cash inflow for Q1 2025 was CNY 192,526,693.62, a decrease of 12.7% compared to CNY 220,402,161.79 in Q1 2024[38] - Net cash flow from operating activities for Q1 2025 was CNY 4,720,168.15, significantly lower than CNY 19,147,056.56 in Q1 2024[39] - Cash inflow from financing activities for Q1 2025 was CNY 16,129,854.00, while cash outflow was CNY 254,834.16, resulting in a net cash flow of CNY 15,875,019.84[39] - The net increase in cash and cash equivalents for Q1 2025 was CNY 10,407,760.54, compared to CNY 14,617,142.20 in Q1 2024[39] Expenses - Research and development expenses increased by 64.99% to CNY 3,545,389.10, indicating a focus on innovation[12] - Total operating costs for Q1 2025 were ¥147,701,443.27, down 20% from ¥184,647,828.83 in Q1 2024[33] - The company experienced a credit impairment loss of ¥5,030,266.26 in Q1 2025, compared to a gain of ¥1,166,932.93 in Q1 2024[34] Other Financial Information - The company received government subsidies amounting to CNY 12,000,000, contributing positively to non-recurring gains[14] - The company has no new commitments or violations of previously disclosed commitments during the reporting period[23] - There were no significant legal disputes, guarantees, or related party transactions reported during the period[22] - The company has not issued any preferred shares during the reporting period[20]
方正阀门(920082) - 2025 Q1 - 季度财报