Financial Performance - The company's revenue for Q1 2025 was ¥101,455,084.79, a decrease of 25.51% compared to ¥136,192,892.63 in the same period last year[3] - Net profit attributable to shareholders was ¥8,715,101.26, down 52.81% from ¥18,467,062.86 year-on-year[3] - Basic and diluted earnings per share decreased by 50.00%, both standing at ¥0.03 compared to ¥0.06 in the same period last year[3] - The weighted average return on equity fell by 1.69 percentage points to 1.56% from 3.25% year-on-year[3] - Total revenue for Q1 2025 was CNY 101,455,084.79, a decrease of 25.5% compared to CNY 136,192,892.63 in Q1 2024[16] - Net profit for Q1 2025 was CNY 8,715,100.91, a decline of 52.9% from CNY 18,467,062.92 in Q1 2024[16] - Total operating costs for Q1 2025 were CNY 88,731,537.71, down 19% from CNY 109,416,320.71 in Q1 2024[16] Cash Flow - The net cash flow from operating activities improved by 63.28%, reaching -¥4,140,527.62 compared to -¥11,275,254.19 in the previous year[3] - Cash inflows from operating activities totaled ¥85,640,069.12 in Q1 2025, down from ¥99,054,650.61 in Q1 2024, indicating a decrease of about 13.5%[20] - Total cash outflows from operating activities were ¥89,780,596.74 in Q1 2025, down from ¥110,329,904.80 in Q1 2024, indicating a reduction of about 18.6%[21] - The net cash flow from financing activities for Q1 2025 was ¥15,161,864.80, a decrease from ¥42,850,837.76 in Q1 2024[21] - The company raised ¥67,000,000.00 through borrowings in Q1 2025, compared to ¥101,100,000.00 in Q1 2024, reflecting a decrease of approximately 33.7%[21] - The company recorded cash inflows from the disposal of fixed assets of ¥7,300.00 in Q1 2025, compared to a loss of ¥186,706.00 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,076,284,913.77, a slight decrease of 0.42% from ¥1,080,802,327.61 at the end of the previous year[4] - Total liabilities decreased to CNY 512,513,533.16 in Q1 2025 from CNY 527,154,778.97 in Q1 2024, a reduction of 2.8%[13] - The company reported a decrease in inventory to CNY 426,376,327.56 in Q1 2025 from CNY 427,770,572.34 in Q1 2024, a slight decline of 0.3%[12] - The total equity attributable to shareholders increased to CNY 563,611,176.48 in Q1 2025 from CNY 553,487,344.16 in Q1 2024, an increase of 1.2%[14] Research and Development - Research and development expenses decreased to CNY 578,058.40 in Q1 2025 from CNY 900,589.43 in Q1 2024, a reduction of 35.8%[17] Comprehensive Income - The total comprehensive income for the first quarter of 2025 reached ¥10,123,831.97, compared to ¥6,830,806.47 in the same period of 2024, representing an increase of approximately 48.5%[18] - The total comprehensive income attributable to the parent company was ¥10,123,832.32 in Q1 2025, compared to ¥6,830,806.41 in Q1 2024, marking an increase of approximately 48.5%[18] Other Information - Non-recurring gains and losses totaled ¥243,909.02, primarily influenced by government subsidies and other income[5] - The company reported a significant decline in net profit due to reduced operating income, which was the main reason for the financial downturn[5] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in this report[10]
威龙股份(603779) - 2025 Q1 - 季度财报