德新科技(603032) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥97,683,603.54, representing an increase of 84.44% compared to ¥52,962,047.69 in the same period last year[4] - The net profit attributable to shareholders was -¥1,074,639.29, an improvement from -¥13,570,516.45 year-on-year, indicating a significant reduction in losses[4] - The basic earnings per share for the period was -¥0.0047, an improvement from -¥0.0597 year-on-year[4] - In Q1 2025, the company achieved total revenue of RMB 97.68 million, representing a year-on-year increase of 84.44%[11] - The net profit attributable to shareholders was a loss of RMB 1.07 million, which is a reduction in loss of RMB 12.50 million compared to the same period last year[11] - The company's total liabilities increased to CNY 542,087,675.43 in the latest reporting period, compared to CNY 480,989,161.94 previously[19] - The total equity attributable to shareholders was CNY 1,097,032,635.34, a marginal increase from CNY 1,096,505,133.31[19] - The company reported a comprehensive income total of CNY 3,966,704.14 for Q1 2025, contrasting with a comprehensive loss of CNY -13,725,380.18 in Q1 2024[23] Cash Flow - The net cash flow from operating activities was -¥15,370,927.42, a decline of 229.03% compared to ¥11,912,284.43 in the previous year, primarily due to reduced notes receivable[4] - Cash inflow from operating activities totaled CNY 91,112,537.83 in Q1 2025, slightly down from CNY 93,886,860.47 in Q1 2024[24] - The net cash flow from investing activities was -$185,861,478.64, worsening from -$83,471,012.70 in the prior period[25] - Cash inflow from investing activities was $256,662,724.48, up from $239,662,634.24 year-over-year[25] - The net cash flow from financing activities was $84,974,387.56, compared to -$9,858,473.66 previously[25] - Cash inflow from financing activities was $94,000,000.00, with no inflow recorded in the previous period[25] - The total cash and cash equivalents at the end of the period was $96,611,247.13, slightly up from $95,014,160.17 last year[26] - The net increase in cash and cash equivalents was -$116,133,030.02, compared to -$81,417,776.84 in the previous period[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,681,833,265.28, up 4.12% from ¥1,615,279,766.09 at the end of the previous year[5] - As of March 31, 2025, total assets amounted to RMB 1.68 billion, an increase from RMB 1.62 billion at the end of 2024[16] - Current assets totaled RMB 655.56 million, up from RMB 582.34 million at the end of 2024[16] - The company's total liabilities increased to CNY 542,087,675.43 in the latest reporting period, compared to CNY 480,989,161.94 previously[19] - Non-current liabilities rose to CNY 249,734,214.35, up from CNY 178,593,984.23, indicating a growth of 39.9%[19] Shareholder Information - The top shareholder, Delixi Xinjiang Investment Group Co., Ltd., holds 47.87% of the shares, with 49,000,000 shares pledged[9] - The company has a total of 28,709 common shareholders at the end of the reporting period[8] - The company plans to repurchase and cancel 78,400 restricted shares, reducing the total number of shares from 234,053,400 to 233,975,000[13] Operational Highlights - The increase in operating revenue was mainly attributed to the inclusion of Anhui Hamps' revenue in the consolidated financial statements[7] - Total operating costs for Q1 2025 were CNY 92,078,234.57, up 34.8% from CNY 68,283,865.04 in Q1 2024[21] - Research and development expenses increased to CNY 8,449,930.61 in Q1 2025, compared to CNY 6,786,000.35 in Q1 2024, reflecting a growth of 24.5%[21] - A procurement contract worth RMB 40 million was signed between the company's subsidiary and related parties[14] - The company applied for a bank loan of RMB 91 million, secured by its own assets, to support its development plans[14] Accounting and Reporting - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[26]