CIG(SH:603083)2025-04-29 07:45Financial Performance - The company's operating revenue for Q1 2025 was ¥893,554,813.08, representing a 5.18% increase compared to ¥849,534,829.54 in the same period last year[4] - Net profit attributable to shareholders increased by 21.11% to ¥31,433,649.67 from ¥25,954,695.51 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 96.15% to ¥30,299,220.87, up from ¥15,446,742.29 in the previous year[4] - Basic and diluted earnings per share increased by 20.00% to ¥0.12 from ¥0.10 year-on-year[4] - Net profit for Q1 2025 was ¥30,261,900.70, a decrease of 2.9% from ¥31,158,227.97 in Q1 2024[22] - Other comprehensive income after tax for Q1 2025 was ¥2,120,474.08, compared to a loss of ¥2,797,453.31 in Q1 2024[22] Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 349.48% to -¥142,198,129.78, compared to a positive cash flow of ¥56,997,618.81 in the same period last year[4] - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 405,340,172.76, a decrease from RMB 527,341,089.80 as of December 31, 2024, representing a decline of approximately 23.1%[16] - The ending cash and cash equivalents balance decreased to ¥385,340,172.76 in Q1 2025 from ¥725,047,316.65 in Q1 2024, a decline of 47%[25] - The net cash flow from investment activities was negative at ¥-188,544,915.68 in Q1 2025, worsening from ¥-70,133,801.18 in Q1 2024[25] - Cash inflow from financing activities amounted to ¥784,256,713.96 in Q1 2025, compared to ¥610,754,821.18 in Q1 2024, reflecting an increase of 28.4%[25] - The net cash flow from financing activities was positive at ¥209,530,677.59 in Q1 2025, down from ¥314,772,705.58 in Q1 2024[25] - The company received tax refunds totaling ¥132,126,790.32 in Q1 2025, significantly higher than ¥73,368,564.48 in Q1 2024, marking an increase of 80.1%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,306,745,090.51, a 2.27% increase from ¥5,188,814,731.26 at the end of the previous year[4] - Total liabilities increased to ¥2,811,555,173.64 from ¥2,727,825,420.11, representing a rise of 3.1%[19] - Shareholders' equity totaled ¥2,495,189,916.87, up from ¥2,460,989,311.15, indicating an increase of 1.4%[19] - Total current assets as of March 31, 2025, were RMB 3,693,367,111.74, slightly up from RMB 3,633,171,330.85 as of December 31, 2024[17] Operational Highlights - The company has successfully established a global production and supply chain layout, primarily based in China and Malaysia, supplemented by factories in Germany-Poland and the US-Mexico, enhancing its ability to respond to geopolitical challenges[13] - The company plans to significantly increase production capacity in Malaysia, with the factory already meeting the market demand for products exported to the US[12] - The cooperation factory in Germany-Poland has commenced production, catering to local European customers and US clients requiring compliance with the Trade Agreements Act (TAA)[12] - The company has adopted a strategy of granting exclusive intellectual property licenses to North American partners, addressing the demand for supply chain diversification[12] - The company has effectively mitigated the impact of US tariffs on its products by adjusting sales prices and utilizing tariff exemptions for exports from Malaysia[11] - The company continues to innovate its business model, expanding into new areas while promoting its own brand in non-conflicting markets[12] Expenses - Total operating costs for Q1 2025 were ¥865,293,035.17, up from ¥834,854,765.10 in Q1 2024, reflecting a rise of 3.7%[21] - R&D expenses increased to ¥77,605,330.99 in Q1 2025, compared to ¥67,562,496.79 in Q1 2024, marking a growth of 14.9%[22] - The company reported a decrease in sales expenses to ¥25,436,957.03 from ¥23,153,614.31, reflecting a rise of 9.8%[22] - Cash outflow for purchasing goods and services increased to ¥1,073,208,700.36 in Q1 2025, up from ¥823,768,038.34 in Q1 2024, representing a rise of 30.4%[24] - Cash outflow for employee payments rose to ¥92,032,150.38 in Q1 2025, compared to ¥77,604,131.49 in Q1 2024, an increase of 18.5%[24]