国科军工(688543) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥124,509,750.82, a decrease of 32.11% compared to ¥183,394,671.60 in the same period last year[4] - Net profit attributable to shareholders was ¥28,691,292.33, down 12.96% from ¥32,963,227.31 year-on-year[4] - The net profit after deducting non-recurring gains and losses dropped by 50.06%, amounting to ¥15,159,238.18 compared to ¥30,353,725.18 in the previous year[4] - Total operating revenue for Q1 2025 was CNY 124,509,750.82, a decrease of 32.1% compared to CNY 183,394,671.60 in Q1 2024[19] - Net profit for Q1 2025 was CNY 28,598,839.82, a decline of 18.2% from CNY 35,025,212.93 in Q1 2024[20] - Basic earnings per share for Q1 2025 were CNY 0.16, compared to CNY 0.19 in Q1 2024[21] Cash Flow - The net cash flow from operating activities was ¥249,371,151.69, a significant improvement from a negative cash flow of ¥207,281,138.57 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was CNY 249,371,151.69, compared to a negative cash flow of CNY 207,281,138.57 in Q1 2024[24] - Cash inflow from operating activities totaled CNY 671,632,946.24 in Q1 2025, significantly higher than CNY 123,983,022.91 in Q1 2024[24] - Cash flow from financing activities totaled 101,074,106.38, with a net cash flow of -101,074,106.38[25] - The net increase in cash and cash equivalents was 177,681,299.23, compared to a decrease of 369,382,736.76 in the previous period[25] - The ending balance of cash and cash equivalents was 1,500,502,461.80, up from 1,457,211,144.17 in the previous period[25] Research and Development - Research and development expenses totaled ¥25,134,167.14, an increase of 27.97% from ¥19,640,347.78, representing 20.19% of operating revenue, up from 10.71%[5] - Research and development expenses increased to CNY 25,134,167.14 in Q1 2025, up 28.0% from CNY 19,640,347.78 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,146,053,612.91, a slight decrease of 0.41% from ¥3,159,143,008.03 at the end of the previous year[5] - The company reported a total current assets of approximately CNY 2.22 billion, slightly down from CNY 2.22 billion in the previous period[15] - Total liabilities decreased to CNY 762.54 million from CNY 816.25 million, a decline of 6.6%[16] - The company reported a total liability of CNY 808,416,959.04, down from CNY 861,161,655.42 year-over-year[17] - Total equity attributable to shareholders increased to CNY 2,318,863,748.82, up from CNY 2,279,218,169.29 in the previous year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,401[9] - The company’s major shareholders include Jiangxi Provincial Military Industry Holding Group with a 33.81% stake[10] Operational Challenges - The decline in operating revenue was primarily due to delays in the delivery of upstream pyrotechnic products, affecting production and delivery schedules[7] Government Subsidy - The company recognized a government subsidy of ¥13,936,708.13, which positively impacted the financial results[6]