VITI(SH:603023)2025-04-28 15:55Financial Performance - The company's operating revenue for Q1 2025 was ¥38,159,176.65, representing an increase of 85.84% compared to ¥20,533,677.14 in the same period last year[4] - The net profit attributable to shareholders decreased by 81.72% to ¥801,063.01 from ¥4,382,814.76 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 91.33% to ¥356,646.46 from ¥4,114,862.40 in the previous year[4] - Basic and diluted earnings per share decreased by 87.5% to ¥0.001 from ¥0.008 year-on-year[4] - Total operating revenue for Q1 2025 reached ¥38,159,176.65, a significant increase of 85.6% compared to ¥20,533,677.14 in Q1 2024[17] - The net profit for Q1 2025 was ¥650,698.42, a decrease of 85.2% from ¥4,382,819.84 in Q1 2024[18] - Total comprehensive income for the first quarter of 2025 was CNY 801,063.01, compared to CNY 4,382,814.76 in the same period of 2024, indicating a significant decrease[19] - The company’s total comprehensive income for Q1 2025 was CNY 599,476.18, a decrease of 86.4% from CNY 4,414,887.18 in Q1 2024[28] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥2,692,105.39, a decline of 120.59% compared to ¥13,073,882.72 in the same period last year[4] - Net cash flow from operating activities for Q1 2025 was -CNY 2,692,105.39, a decline from CNY 13,073,882.72 in Q1 2024[21] - The company incurred cash outflows from operating activities totaling CNY 25,432,188.39 in Q1 2025, compared to CNY 11,598,122.17 in Q1 2024[21] - The company experienced a significant drop in cash inflows from operating activities, totaling CNY 15,850,913.95 in Q1 2025 compared to CNY 24,661,528.54 in Q1 2024[30] - Cash and cash equivalents at the end of Q1 2025 stood at CNY 519,008,375.55, down from CNY 561,301,938.30 at the end of Q1 2024[21] - The total cash and cash equivalents at the end of Q1 2025 were CNY 503,625,793.65, down from CNY 540,622,869.98 at the end of Q1 2024[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥899,944,142.08, an increase of 1.67% from ¥885,127,023.62 at the end of the previous year[5] - Current assets totaled ¥691,079,912.72 as of March 31, 2025, down from ¥712,085,882.56 at the end of 2024, indicating a decrease of 2.0%[12] - The total liabilities increased to ¥116,209,437.38 as of March 31, 2025, compared to ¥100,714,705.35 at the end of 2024, marking a rise of 15.3%[14] - The company's total assets as of March 31, 2025, amounted to ¥899,944,142.08, compared to ¥885,127,023.62 at the end of 2024[13] - The company reported a total asset value of CNY 782,304,568.40 as of March 31, 2025, slightly down from CNY 784,824,183.24 at the end of 2024[25] - Total liabilities decreased to CNY 12,323,541.58 as of March 31, 2025, compared to CNY 14,114,320.61 at the end of 2024[25] - The company's total equity as of March 31, 2025, was CNY 769,981,026.82, a slight decrease from CNY 770,709,862.63 at the end of 2024[26] Business Operations - The company expanded its business into the passenger vehicle parts sector, contributing to the increase in operating revenue[7] - The company completed a share buyback of 3,962,400 shares, accounting for 0.70% of the total share capital, to reduce registered capital[10] - Total operating costs for Q1 2025 were ¥38,334,390.14, up from ¥16,187,257.88 in Q1 2024, reflecting a growth of 136.5%[17] - Research and development expenses for Q1 2025 were ¥3,634,466.62, an increase of 26.7% from ¥2,870,360.34 in Q1 2024[18] - The company reported a decrease in accounts payable to ¥62,543,298.20 as of March 31, 2025, from ¥71,474,560.49 at the end of 2024, a decline of 12.5%[14] - The company incurred a financial expense of CNY -1,630,593.62 in Q1 2025, compared to CNY -3,171,506.17 in Q1 2024[27] - The company reported a decrease in sales expenses to CNY 1,021,091.51 in Q1 2025 from CNY 832,346.46 in Q1 2024[27]