Elegant(603221)2025-04-29 08:23Financial Performance - The company's operating revenue for Q1 2025 was ¥310,113,002.27, a decrease of 6.31% compared to ¥330,993,309.25 in the same period last year[4] - Net profit attributable to shareholders decreased by 37.81% to ¥22,171,310.08 from ¥35,648,225.76 year-on-year[4] - The basic earnings per share fell by 40.00% to ¥0.09 from ¥0.15 in the previous year[5] - The weighted average return on equity decreased by 1.01 percentage points to 1.38% from 2.39%[5] - The net profit excluding non-recurring gains and losses decreased by 45.75% to ¥22,135,817.01 from ¥40,805,563.77 year-on-year[4] - Net profit for Q1 2025 was ¥16,679,029.25, down 47.4% from ¥31,689,396.33 in Q1 2024[21] - The company reported a total comprehensive income of ¥17,463,867.11 for Q1 2025, down from ¥32,142,434.38 in Q1 2024[22] Cash Flow and Assets - The net cash flow from operating activities was ¥62,609,972.61, down 17.59% from ¥75,976,735.20 in the same period last year[4] - The company's cash and cash equivalents amount to approximately RMB 575.11 million, an increase from RMB 533.29 million at the end of the previous period[16] - Cash received from sales of goods and services in Q1 2025 was ¥358,342,809.61, an increase of 10.6% from ¥324,045,007.18 in Q1 2024[25] - The ending balance of cash and cash equivalents reached $545,524,998.62, up from $414,300,261.36 in the previous period, marking an increase of approximately 31.7%[27] - Total assets increased by 3.90% to ¥2,636,814,747.17 from ¥2,537,768,565.74 at the end of the previous year[5] - Total liabilities increased to ¥907,005,553.63 in Q1 2025, compared to ¥827,257,210.14 in Q1 2024[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,636[10] - The largest shareholder, Zhangjiagang Bohua Enterprise Management Co., Ltd., holds 154,800,000 shares, accounting for 63.29% of total shares[10] - The equity attributable to shareholders rose by 1.57% to ¥1,616,278,533.34 from ¥1,591,317,451.71 at the end of the previous year[5] Expenses and Costs - Total operating costs increased to ¥294,637,830.73 in Q1 2025, up 2.4% from ¥288,509,918.68 in Q1 2024[20] - Research and development expenses for Q1 2025 were ¥7,502,561.04, a decrease of 11.1% from ¥8,442,741.47 in Q1 2024[21] - Cash paid to employees was $58,702,687.61, compared to $52,843,233.45 in the previous period, showing an increase of about 11.1%[26] Market and Trade Environment - The decrease in net profit was primarily due to a reduction in orders, increased expenses during the establishment of the Mexican subsidiary, and decreased foreign exchange gains[8] - The company emphasizes the potential negative impact of US-China trade tensions and tariffs on exports to the US[12] - The company is focused on expanding its market presence and is monitoring the implications of international trade policies[12] Non-Recurring Items - Non-recurring gains and losses for the period amounted to ¥35,493.07 after tax and minority interest adjustments[7] Accounting Changes - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[28]