Revenue and Profitability - The company's revenue for Q1 2025 was ¥259,596,933.62, representing a 22.74% increase compared to ¥211,500,068.89 in the same period last year[4] - Net profit attributable to shareholders decreased by 46.93% to ¥7,838,878.34 from ¥14,771,668.63 year-on-year[4] - Basic and diluted earnings per share fell by 45.45% to ¥0.06 from ¥0.11 in the same period last year[4] - Total operating revenue for the current period reached ¥259,596,933.62, an increase of 22.7% compared to ¥211,500,068.89 in the previous period[16] - Net profit for the current period was -¥3,009,602.20, a significant decrease from ¥14,771,668.63 in the previous period[18] - The company reported a total comprehensive income of -¥3,009,602.20 for the current period, compared to ¥14,771,668.63 in the previous period[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥36,734,675.25, a decline of 281.70% compared to ¥20,216,860.80 in the previous year[4] - Cash flow from operating activities showed a net outflow of -¥36,734,675.25, compared to a net inflow of ¥20,216,860.80 in the prior period[18] - The net increase in cash and cash equivalents was -$82,516,503.83, with an ending balance of $89,206,344.78[19] - The cash balance at the beginning of the period was $171,722,848.61, showing a decrease in liquidity[19] - The impact of exchange rate changes on cash and cash equivalents was -$1,633,466.05, reflecting currency volatility[19] Assets and Liabilities - Total assets increased by 2.67% to ¥1,512,632,124.27 from ¥1,473,259,357.57 at the end of the previous year[4] - The total current assets decreased from CNY 378,337,173.75 to CNY 350,520,322.75, a decline of approximately 7.37%[13] - The total non-current assets rose from CNY 1,094,922,183.82 to CNY 1,162,111,801.52, an increase of approximately 6.12%[14] - The total liabilities increased from CNY 708,394,277.38 to CNY 750,700,200.48, reflecting a growth of about 5.95%[14] - The company's total equity attributable to shareholders increased to ¥760,126,399.07 from ¥752,211,074.93, reflecting a growth of 1.2%[15] Receivables and Inventory - Accounts receivable rose by 77.72% to ¥114,262,313.65, attributed to increased revenue[8] - Inventory increased by 49.88% to ¥9,993,749.48 due to higher turnover materials[8] - Accounts receivable increased significantly from CNY 64,292,101.97 to CNY 114,262,313.65, representing a growth of about 77.91%[13] Borrowings and Financial Management - Long-term borrowings increased by 69.50% to ¥257,109,680.37, reflecting a rise in long-term loans[9] - The company's short-term borrowings decreased from CNY 119,023,377.95 to CNY 80,956,747.41, a reduction of about 32.06%[14] - The company reported a financial expense of ¥6,233,382.02, which is a significant increase from ¥2,391,306.99 in the prior period[16] - Cash paid for debt repayment was $124,972,836.57, indicating significant debt management efforts[19] Research and Development - Research and development expenses decreased by 35.79% to ¥386,001.18, primarily due to reduced technical service fees[9] - Research and development expenses decreased to ¥386,001.18 from ¥601,161.59, indicating a reduction of 35.8%[16] Government Support and Future Outlook - The company received government subsidies amounting to ¥2,000,000.00 during the period, which positively impacted other income[5] - The first quarter report was not audited, which may affect the reliability of the financial data presented[20] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[21]
炬申股份(001202) - 2025 Q1 - 季度财报