高测股份(688556) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥685,788,649.85, representing a decrease of 51.70% compared to ¥1,419,996,947.52 in the same period last year[4] - The net profit attributable to shareholders was -¥74,139,768.85, a decline of 135.03% from ¥211,652,080.92 year-on-year[4] - The basic earnings per share decreased by 135.90%, from ¥0.39 to -¥0.14[5] - Total operating revenue for Q1 2025 was ¥685.79 million, a decrease of 52.3% compared to ¥1,420.00 million in Q1 2024[17] - Net profit for Q1 2025 was a loss of ¥74.14 million, compared to a profit of ¥211.65 million in Q1 2024, representing a significant decline[18] - Basic and diluted earnings per share for Q1 2025 were both -¥0.14, compared to ¥0.39 in Q1 2024[19] Research and Development - Research and development expenses totaled ¥45,861,004.93, down 44.08% from ¥82,017,896.86, while the R&D expense ratio increased to 6.69% of operating revenue[5] - Research and development expenses for Q1 2025 were ¥45.86 million, a decrease of 44.4% from ¥82.02 million in Q1 2024[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,564,210,437.53, a decrease of 2.42% from ¥7,751,986,184.06 at the end of the previous year[5] - Total liabilities as of the end of the reporting period were ¥3,955.97 million, a slight decrease from ¥4,071.74 million in the previous year[16] - Total equity attributable to shareholders was ¥3,608.25 million, down from ¥3,680.24 million year-over-year[16] - Current assets totaled RMB 4,593,347,548.39, down from RMB 4,731,615,452.85, indicating a decrease of about 2.93%[14] - Accounts receivable increased to RMB 2,357,177,456.06 from RMB 2,550,372,050.05, representing a decrease of approximately 7.59%[12] - Cash and cash equivalents slightly decreased to RMB 471,112,870.31 from RMB 475,034,441.32, a decline of about 0.19%[12] - Inventory remained stable at RMB 664,205,203.42, showing a marginal increase from RMB 662,350,641.42[14] - Short-term borrowings decreased to RMB 149,268,590.29 from RMB 155,992,308.99, reflecting a reduction of approximately 4.67%[14] - Accounts payable decreased significantly to RMB 694,981,117.15 from RMB 918,373,586.44, a decline of about 24.48%[14] Cash Flow - The company reported a net cash flow from operating activities of -¥298,301,011.78, an improvement from -¥391,705,359.88 in the previous year[4] - In Q1 2025, cash inflow from operating activities was $642.1 million, a decrease of 22.5% compared to $828.8 million in Q1 2024[21] - Cash outflow from operating activities in Q1 2025 was $940.4 million, down from $1.22 billion in Q1 2024, resulting in a net cash flow from operating activities of -$298.3 million[21] - Cash inflow from investment activities in Q1 2025 was $623.6 million, significantly lower than $2.13 billion in Q1 2024, leading to a net cash flow from investment activities of -$13.9 million[22] - Cash inflow from financing activities in Q1 2025 was $415.5 million, compared to $15.3 million in Q1 2024, resulting in a net cash flow from financing activities of $316.2 million[22] - The ending cash and cash equivalents balance for Q1 2025 was $459.4 million, an increase from $402.8 million in Q1 2024[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,185[8] - The largest shareholder, Zhang Xu, holds 29.12% of the shares, totaling 159,240,208 shares[8] - The company reported a total of 5,584,000 shares held by Qingdao Jiushi Investment Management Co., Ltd. under the Jiushi Selected No. 1 Private Securities Investment Fund[9] - The company has not disclosed any significant changes in shareholder relationships or actions regarding the top ten shareholders[11] Financial Challenges - The decline in revenue and profit was attributed to a significant drop in prices of photovoltaic products and overall industry underutilization[7] - The company reported a significant increase in financial expenses, totaling ¥20.15 million in Q1 2025, compared to ¥7.05 million in Q1 2024[17] - Other income for Q1 2025 was ¥16.51 million, down from ¥61.10 million in Q1 2024, indicating a decline in additional revenue sources[17] - The company experienced a credit impairment loss of -¥4.67 million in Q1 2025, an improvement from -¥7.13 million in Q1 2024[18] - The company’s cash outflow for employee compensation in Q1 2025 was $211.8 million, a decrease from $417.8 million in Q1 2024[21] - The company experienced a foreign exchange impact of -$484.7 thousand on cash and cash equivalents in Q1 2025[22] Audit and Compliance - There are no applicable audit opinions for the financial statements as of the reporting date[13]