江特电机(002176) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥500,923,683.64, representing a 67.74% increase compared to ¥298,630,575.04 in the same period last year[5] - The net loss attributable to shareholders was ¥43,083,225.19, a 42.24% increase from a loss of ¥30,289,147.99 in the previous year[5] - The net loss for the current period was ¥43,580,184.38, compared to a net loss of ¥31,669,691.69 in the previous period, reflecting a deterioration in profitability[20] - The company reported a total comprehensive loss of ¥42,075,254.95, compared to a loss of ¥32,159,965.16 in the prior period[21] - The basic and diluted earnings per share were both reported at -0.0252, compared to -0.0178 in the previous period, indicating a decline in earnings performance[21] Cash Flow - The net cash flow from operating activities decreased by 508.79%, amounting to -¥141,160,334.11, compared to ¥34,531,660.11 in the same period last year[5] - Cash flow from operating activities generated a net outflow of ¥141,160,334.11, contrasting with a net inflow of ¥34,531,660.11 in the previous period[22] - Net cash flow from investing activities was -$146.6 million, compared to $80.1 million in the previous period[23] - The net increase in cash and cash equivalents was -$257.6 million, contrasting with a positive increase of $159.7 million previously[23] - The ending balance of cash and cash equivalents stood at $420.7 million, compared to $321.5 million at the end of the previous period[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥6,558,336,564.28, a decrease of 1.24% from ¥6,640,996,631.95 at the end of the previous year[5] - The total current assets decreased from CNY 2,913,807,951.00 to CNY 2,696,592,644.48, a decline of approximately 7.45%[15] - Total liabilities rose from CNY 2,252,105,665.46 to CNY 2,341,309,239.00, an increase of about 3.95%[16] - The total liabilities decreased from ¥3,127,890,259.86 to ¥3,087,395,709.96, showing a slight improvement in the company's leverage[19] - The total equity attributable to shareholders decreased from ¥3,504,821,893.73 to ¥3,463,153,335.15, reflecting the impact of the net loss on shareholder value[19] Revenue and Costs - The increase in operating revenue was primarily driven by higher sales volume of lithium salt products[9] - Total operating costs amounted to ¥554,459,045.02, up 58.5% from ¥349,748,342.71 in the prior period, with operating costs specifically rising from ¥272,656,912.06 to ¥472,465,276.95[19] - The gross profit margin declined due to a decrease in sales prices of lithium salt products, contributing to the overall profit decline[9] Financial Expenses - The financial expenses increased by 141.54% due to higher loan amounts and corresponding interest expenses[12] - The company’s financial expenses rose significantly to ¥8,115,566.43 from ¥3,359,890.62, primarily due to increased interest expenses[19] Current Assets and Liabilities - The company experienced a 582.29% increase in current liabilities due to an increase in short-term borrowings[12] - Short-term borrowings increased from CNY 786,499,375.98 to CNY 806,700,668.33, a rise of approximately 2.83%[16] - Long-term borrowings decreased from CNY 756,544,237.64 to CNY 633,680,000.00, a decline of about 16.24%[16] Other Income and Expenses - The company reported a significant increase in other income, which rose by 508.72% due to increased government subsidies[12] - Research and development expenses increased to ¥17,932,795.56, up from ¥16,176,289.97, indicating a focus on innovation[19] Inventory and Receivables - Accounts receivable increased from CNY 508,875,393.63 to CNY 522,847,370.85, showing a growth of approximately 2.14%[15] - Inventory decreased from CNY 452,143,972.41 to CNY 427,822,940.86, a reduction of about 5.37%[15] - The company reported a significant increase in prepayments from CNY 30,335,064.82 to CNY 106,921,920.99, an increase of about 252.06%[15] Audit Status - The first quarter report was not audited, indicating preliminary financial results[24]