AA Belt(SH:603580)2025-04-28 16:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 47,640,645.30, representing a 30.18% increase compared to CNY 36,596,637.78 in the same period last year[4] - Net profit attributable to shareholders for Q1 2025 reached CNY 5,410,246.22, a significant increase of 338.97% from CNY 1,232,476.88 in the previous year[4] - Basic earnings per share for Q1 2025 was CNY 0.0414, up 340.43% from CNY 0.0094 in the same period last year[5] - Total operating revenue for Q1 2025 reached ¥47,640,645.30, an increase of 30.3% compared to ¥36,596,637.78 in Q1 2024[19] - Net profit for Q1 2025 was ¥5,004,902.36, compared to ¥698,345.26 in Q1 2024, representing a significant increase of 617.5%[20] - The company's gross profit margin improved to approximately 12.5% in Q1 2025 from 1.8% in Q1 2024[19] - Total comprehensive income for the first quarter of 2025 was CNY 4,045,194.53, compared to CNY 869,006.60 in the same period of 2024, representing a significant increase[21] - Basic and diluted earnings per share for the first quarter of 2025 were CNY 0.0414, up from CNY 0.0094 in the first quarter of 2024, indicating a growth of 340.43%[21] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 508,758,326.83, a slight increase of 0.12% from CNY 508,148,789.98 at the end of the previous year[5] - The equity attributable to shareholders increased to CNY 424,723,679.37, reflecting a 1.19% growth from CNY 419,723,129.40 at the end of the previous year[5] - Total liabilities decreased to ¥69,138,843.59 from ¥73,124,512.85, indicating a reduction of 5.4%[15] - The total assets as of the latest reporting period amounted to ¥508,758,326.83, a slight increase from ¥508,148,789.98[16] - The total liabilities amounted to ¥34,946,295.13, slightly down from ¥35,386,761.75 in the previous period[29] - Total equity increased to ¥397,153,832.32 from ¥393,556,552.92, indicating a positive growth in shareholder value[29] Cash Flow - The net cash flow from operating activities decreased by 68.14%, amounting to CNY 3,579,657.15 compared to CNY 11,235,313.54 in the previous year[4] - Cash flow from operating activities for Q1 2025 was CNY 3,579,657.15, a decrease of 68.06% compared to CNY 11,235,313.54 in Q1 2024[25] - Cash inflow from investment activities for Q1 2025 was CNY 2,408,824.31, compared to a cash outflow of CNY 5,115,414.27 in Q1 2024, marking a turnaround[25] - Cash outflow from financing activities in Q1 2025 totaled CNY 1,749,783.73, compared to CNY 707,327.10 in Q1 2024, representing an increase of 147.5%[26] - The net increase in cash and cash equivalents for Q1 2025 was CNY 4,672,097.08, compared to CNY 5,449,077.56 in Q1 2024, reflecting a decrease of 14.2%[26] - Cash and cash equivalents at the end of Q1 2025 increased to CNY 44,477,469.70 from CNY 39,257,887.07 at the end of Q1 2024, reflecting a growth of 5.5%[26] - Cash and cash equivalents at the end of Q1 2025 were ¥19,493,711.87, up from ¥12,110,811.28 at the end of Q1 2024, indicating strong liquidity[34] Operational Efficiency - The increase in operating revenue is attributed to a higher number of sales orders compared to the same period last year[8] - The company reported a decrease in accounts receivable to ¥53,286,441.31 from ¥46,145,694.11, indicating a rise of 15.5%[14] - The net cash flow from operating activities for Q1 2025 was ¥10,417,691.71, up from ¥5,906,040.41 in Q1 2024, reflecting improved operational efficiency[33] - Operating profit for Q1 2025 was ¥4,138,168.59, a significant recovery from a loss of ¥27,316.00 in Q1 2024[31] - The company experienced a credit impairment loss of ¥-373,182.50 in Q1 2025, a significant improvement from a gain of ¥1,062,570.89 in Q1 2024[31] Research and Development - Research and development expenses for Q1 2025 were ¥2,020,510.53, slightly up from ¥1,993,822.73 in Q1 2024[20] - The company reported a decrease in R&D expenses to ¥635,415.98 in Q1 2025 from ¥932,487.53 in Q1 2024, suggesting a potential shift in investment strategy[30] Government Support - The company received government subsidies amounting to CNY 639.31, which are closely related to its normal business operations[6] Market Activity - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in this report[12]