Shenli(SH:603819)2025-04-28 14:55Financial Performance - The company's operating revenue for Q1 2025 was ¥326,379,696.84, representing a 21.55% increase compared to ¥268,517,921.09 in the same period last year[4] - The net profit attributable to shareholders decreased by 95.01%, falling to ¥458,101.91 from ¥9,187,450.66 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses dropped by 92.47%, amounting to ¥610,901.90 compared to ¥8,108,546.07 in the previous year[4] - The basic and diluted earnings per share both decreased by 95.00%, from ¥0.04 to ¥0.002[4] - Total operating revenue for Q1 2025 reached ¥326,379,696.84, a 21.5% increase from ¥268,517,921.09 in Q1 2024[17] - Net profit for Q1 2025 was ¥458,101.91, a significant decrease of 95.0% compared to ¥9,187,450.66 in Q1 2024[18] - Basic and diluted earnings per share for Q1 2025 were both ¥0.002, down from ¥0.04 in Q1 2024[19] Cash Flow and Financing - The company reported a net cash flow from operating activities of -¥113,227,898.68, compared to -¥39,397,752.95 in the same period last year[4] - Cash inflow from financing activities in Q1 2025 was ¥169,000,000.00, compared to ¥70,000,000.00 in Q1 2024, indicating a 141.4% increase[23] - Cash outflow for debt repayment in Q1 2025 was ¥104,000,000.00, down from ¥126,000,000.00 in Q1 2024[23] - Net cash flow from financing activities was $61,290,048.64, a significant improvement compared to a net outflow of $58,852,397.49 in the previous period[24] - The total cash and cash equivalents at the end of the period decreased to $96,972,377.36 from $100,523,725.23, reflecting a net decrease of $66,190,854.98[24] - The initial cash and cash equivalents balance was $163,163,232.34, indicating a strong starting position for cash management[24] - The impact of exchange rate fluctuations on cash and cash equivalents was negative, amounting to -$453,328.76[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,492,593,757.27, a 3.92% increase from ¥1,436,233,204.15 at the end of the previous year[5] - Current assets amounted to CNY 1,136,913,276.11, up from CNY 1,094,041,724.23, indicating an increase of about 3.9%[14] - Total liabilities reached CNY 702,226,852.33, compared to CNY 646,324,401.12, reflecting an increase of about 8.7%[15] - The company’s short-term borrowings rose to CNY 549,420,277.78 from CNY 484,364,930.56, indicating an increase of approximately 13.5%[15] - The total equity remained stable at CNY 217,730,187.00, unchanged from the previous period[15] Operational Challenges - The increase in operating revenue was primarily due to an increase in customer orders and delivery volume[7] - The company faced challenges such as declining raw material prices, frequent customer price adjustments, and intensified market competition, leading to a significant drop in gross margin[7] - The company experienced a significant loss of ¥2,195,368.45 from the disposal of non-current assets, contributing to the decline in net profit[6] Research and Development - Research and development expenses for Q1 2025 were ¥3,364,160.25, slightly up from ¥3,328,863.32 in Q1 2024[17] Shareholder and Strategic Updates - The company has no significant changes in the shareholder structure or any new strategies reported during the conference call[11] - There were no new product launches or technological advancements mentioned in the earnings call[12] Accounting Standards - The company will not apply new accounting standards starting from 2025, which may affect the financial statements[24]