Financial Performance - The company's operating revenue for Q1 2025 was ¥259,273,691.29, a decrease of 44.50% compared to ¥467,186,480.32 in the same period last year[3]. - Net profit attributable to shareholders was ¥17,337,179.46, down 62.88% from ¥46,708,675.07 year-on-year[3]. - Basic and diluted earnings per share decreased by 62.82% to ¥0.29 from ¥0.78 in the same period last year[3]. - Operating profit decreased to ¥21,763,249.01 from ¥50,465,829.16, a decrease of about 56.9% year-over-year[17]. - Net profit decreased to ¥17,337,179.46 from ¥46,708,675.07, reflecting a decline of approximately 63.0% year-over-year[17]. - Total operating revenue decreased to ¥259,273,691.29 from ¥467,186,480.32, representing a decline of approximately 44.5% year-over-year[16]. - Total operating costs decreased to ¥254,756,136.14 from ¥424,202,684.59, a reduction of about 40% year-over-year[16]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 685.89%, reaching ¥106,504,685.13, compared to a negative cash flow of ¥18,178,419.56 in the previous year[3]. - Cash flow from operating activities improved to ¥106,504,685.13 from a negative cash flow of ¥18,178,419.56 in the previous period[19]. - Cash and cash equivalents at the end of the period amounted to ¥358,186,151.65, up from ¥297,615,134.69[20]. - The company's cash and cash equivalents decreased to CNY 415,383,749.84 from CNY 549,680,335.35, a decline of approximately 24.4%[12]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,343,742,588.61, reflecting a 7.93% increase from ¥4,024,540,753.79 at the end of the previous year[3]. - The total assets of the company as of March 31, 2025, amounted to CNY 4,343,742,588.61, an increase from CNY 4,024,540,753.79 at the beginning of the period[12]. - The company's current assets reached CNY 3,703,442,630.09, up from CNY 3,352,642,631.44, indicating a growth of approximately 10.4%[12]. - The total liabilities increased to CNY 3,308,006,013.49 from CNY 3,006,351,724.96, reflecting a rise of about 10%[14]. - The company's long-term borrowings rose to CNY 348,615,200.00 from CNY 223,365,200.00, an increase of about 56.2%[14]. - The company's short-term borrowings decreased to CNY 240,017,111.11 from CNY 290,017,111.11, a reduction of approximately 17.2%[13]. - The total non-current assets were reported at CNY 640,299,958.52, down from CNY 671,898,122.35, indicating a decline of about 4.7%[13]. Shareholder Information - The top ten shareholders held a total of 42.33% of shares, with the largest shareholder, Luo Caihua, owning 33,861,385 shares[8]. - The total equity attributable to the parent company was CNY 1,035,736,575.12, compared to CNY 1,018,189,028.83 at the beginning of the period, showing a slight decrease of about 1.7%[14]. Expenses - Research and development expenses decreased to ¥21,758,117.28 from ¥32,209,021.58, a reduction of approximately 32.3% year-over-year[16]. - Sales expenses decreased significantly to ¥13,663,757.77 from ¥31,658,200.31, a decline of about 56.8% year-over-year[16]. Other Information - There were no significant non-recurring gains or losses reported during the period[4]. - The decline in revenue was attributed to longer order cycles, which delayed the completion of acceptance procedures[6]. - The company reported a decrease in gross margin, contributing to a larger decline in net profit compared to revenue[6]. - The weighted average return on equity decreased to 1.69%, down 6.50% from 8.19% in the previous year[3].
宏工科技(301662) - 2025 Q1 - 季度财报