腾景科技(688195) - 2025 Q1 - 季度财报

Key Financial Data Summary In Q1 2025, the company achieved operating revenue of 113 million RMB, a 20.60% year-over-year increase, and net profit attributable to shareholders of 13.03 million RMB, up 15.81% year-over-year, driven by AI computing demand and increased sales collections Q1 2025 Key Accounting Data and Financial Indicators | Item | Current Period (RMB) | Prior Year Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 113,229,735.98 | 93,886,682.13 | 20.60 | | Net Profit Attributable to Shareholders | 13,033,979.39 | 11,254,674.78 | 15.81 | | Net Profit Attributable to Shareholders Excluding Non-Recurring Gains/Losses | 11,820,800.95 | 9,633,472.31 | 22.71 | | Net Cash Flow from Operating Activities | 29,141,515.96 | -2,121,110.32 | N/A | | Basic Earnings Per Share (RMB/share) | 0.10 | 0.09 | 11.11 | | Weighted Average Return on Net Assets (%) | 1.40 | 1.24 | Increased by 0.16 percentage points | | Total R&D Investment (RMB) | 12,846,630.37 | 10,300,545.94 | 24.72 | | R&D Investment as Percentage of Operating Revenue (%) | 11.35 | 10.97 | Increased by 0.38 percentage points | - Performance growth during the reporting period was primarily driven by the increasing market demand for high-speed optical communication components due to AI computing needs, with the company actively expanding business and product delivery in this area, alongside continued growth in high-end optical module business in emerging fields like semiconductor equipment[6] - Net cash flow from operating activities significantly improved year-over-year, primarily due to increased sales collections during the reporting period[9] Q1 2025 Non-Recurring Gains and Losses | Non-Recurring Gain/Loss Item | Current Period Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -191,685.94 | | Government Grants Included in Current Period Profit/Loss | 1,058,754.79 | | Fair Value Changes and Disposal Gains/Losses of Financial Assets/Liabilities | 902,481.81 | | Other Non-Operating Income and Expenses | 72,633.17 | | Total | 1,213,178.44 | Shareholder Information As of the end of Q1 2025, the company had 11,223 common shareholders, with controlling shareholder Yu Hongrui holding a combined 27.53% stake directly and indirectly, indicating a relatively concentrated ownership structure among the top ten shareholders who collectively hold approximately 48.18% of shares - As of the end of the reporting period, the company had a total of 11,223 common shareholders[11] Top 10 Shareholders' Holdings | Shareholder Name | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | | Yu Hongrui | 23,660,000 | 18.29 | | Wang Qiping | 11,900,000 | 9.20 | | Yancheng Guangyuan Investment Partnership (Limited Partnership) | 9,750,000 | 7.54 | | Jin Tianbing | 4,900,000 | 3.79 | | Liu Wei | 3,950,000 | 3.05 | | Fujian Huaxing Venture Capital Co., Ltd. | 2,540,349 | 1.96 | | Fujian Longyao Investment Co., Ltd. | 2,460,236 | 1.90 | | Yancheng Qili Investment Partnership (Limited Partnership) | 2,200,000 | 1.70 | | Lin Jie | 1,800,351 | 1.39 | | Zhang Qing | 1,759,856 | 1.36 | - Yu Hongrui is the company's controlling shareholder, directly holding 18.29% and indirectly controlling 9.24% through Yancheng Guangyuan Investment Partnership and Yancheng Qili Investment Partnership, totaling 27.53% of the company's shares[12] - A portion of shares held by Yancheng Guangyuan Investment Partnership and Yancheng Qili Investment Partnership were temporarily frozen at the end of March 2025 due to an inquiry transfer, which has now been completed[13] Quarterly Financial Statements Analysis The financial statements for this quarter are unaudited, showing total assets of 1.30 billion RMB and total liabilities of 323 million RMB as of period-end, indicating a stable asset-liability structure, with the income statement reflecting growth in both revenue and net profit, and the cash flow statement showing significant improvement in operating cash flow despite net outflows from investing and financing activities Consolidated Balance Sheet As of March 31, 2025, total assets were 1.30 billion RMB, a slight 0.07% increase from year-end, with construction in progress significantly rising from 10.79 million RMB to 32.54 million RMB, while total liabilities decreased 1.95% to 323 million RMB primarily due to reduced short-term borrowings, and owner's equity grew 0.75% to 977 million RMB Major Balance Sheet Item Changes | Item | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,300,057,205.04 | 1,299,206,049.14 | 0.07 | | Total Liabilities | 322,736,881.49 | 329,170,211.96 | -1.95 | | Total Equity Attributable to Parent Company Owners | 927,815,486.03 | 921,357,359.27 | 0.70 | - Among non-current assets, construction in progress significantly increased from approximately 10.79 million RMB to 32.54 million RMB, indicating ongoing project investment and construction, while short-term borrowings among current liabilities decreased from approximately 85.44 million RMB to 59.14 million RMB[16] Consolidated Income Statement In Q1 2025, the company achieved total operating revenue of 113 million RMB, a 20.60% year-over-year increase, with operating costs growing 16.20%, lower than revenue growth, while R&D expenses continued to rise 24.72% to 12.85 million RMB, resulting in a net profit attributable to parent company shareholders of 13.03 million RMB, up 15.81% year-over-year Major Income Statement Items | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 113,229,735.98 | 93,886,682.13 | 20.60 | | Total Operating Costs | 101,583,628.78 | 85,531,632.20 | 18.77 | | R&D Expenses | 12,846,630.37 | 10,300,545.94 | 24.72 | | Operating Profit | 15,214,844.30 | 10,867,530.90 | 40.00 | | Net Profit Attributable to Parent Company Shareholders | 13,033,979.39 | 11,254,674.78 | 15.81 | Consolidated Cash Flow Statement In Q1 2025, net cash flow from operating activities significantly improved to 29.14 million RMB from -2.12 million RMB in the prior year, primarily due to cash received from sales increasing from 74.16 million RMB to 122 million RMB, while investing activities resulted in a net outflow of 51.01 million RMB and financing activities a net outflow of 30.32 million RMB, mainly for asset acquisition, investments, and debt repayment Major Cash Flow Statement Items | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 29,141,515.96 | -2,121,110.32 | | Net Cash Flow from Investing Activities | -51,010,635.66 | -75,331,319.42 | | Net Cash Flow from Financing Activities | -30,321,590.31 | 66,903,926.59 | | Net Increase in Cash and Cash Equivalents | -51,831,987.39 | -10,206,342.87 | - The improvement in operating cash flow was primarily driven by a 64.9% year-over-year increase in cash received from sales of goods and services[25] - Cash flow from financing activities shifted from positive to negative, mainly due to 50 million RMB paid for debt repayment in the current period, with no such expenditure in the prior year, alongside a year-over-year decrease in cash received from borrowings[26]