Financial Performance - The company's operating revenue for Q1 2025 was ¥44,829,345.72, representing a 100.91% increase compared to ¥22,313,007.48 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥12,834,346.22, an improvement from a loss of ¥15,950,956.55 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥44,829,345.72, a 100.9% increase from ¥22,313,007.48 in Q1 2024[19] - Net loss for Q1 2025 was ¥12,809,274.48, compared to a net loss of ¥15,950,956.55 in Q1 2024, representing a 19.5% improvement[20] - Operating profit for Q1 2025 was -¥13,024,573.10, an improvement from -¥18,418,723.67 in Q1 2024[19] - The weighted average return on equity improved to -1.44%, an increase of 0.13 percentage points from -1.57% in the previous year[4] - The company reported a basic and diluted earnings per share of -¥0.17 for Q1 2025, an improvement from -¥0.22 in Q1 2024[20] Research and Development - Research and development expenses totaled ¥14,815,002.45, which is a 29.19% increase from ¥11,467,335.35 year-over-year[4] - R&D expenses accounted for 33.05% of operating revenue, down from 51.39% in the previous year, a decrease of 18.34 percentage points[5] - Research and development expenses for Q1 2025 were ¥14,815,002.45, an increase of 29.5% compared to ¥11,467,335.35 in Q1 2024[19] Cash Flow and Assets - The net cash flow from operating activities was a negative ¥21,425,239.34, an improvement from a negative ¥24,016,342.03 in the same period last year[4] - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 178,337,888, an increase from RMB 173,387,046 as of December 31, 2024[14] - The total current assets reached RMB 836,697,608.66, compared to RMB 829,216,540.27 at the end of 2024, indicating a growth of approximately 0.57%[14] - The company's inventory increased to RMB 132,666,113.49 from RMB 114,324,826.76, reflecting a rise of about 16.06%[14] - The net cash flow from operating activities was -21,425,239.34, compared to -24,016,342.03 in the previous period, indicating an improvement[23] - The ending balance of cash and cash equivalents was 178,238,976.04, compared to 409,245,520.86 in the previous period, indicating a significant decrease[24] Liabilities and Equity - Total liabilities increased to ¥72,767,249.50 in Q1 2025, up from ¥59,561,475.83 in Q1 2024, reflecting a 22.4% rise[16] - The company's total equity decreased to ¥896,956,324.78 in Q1 2025 from ¥905,206,547.68 in Q1 2024, a decline of 0.3%[16] - The equity attributable to shareholders decreased by 2.26% to ¥884,804,729.24 from ¥905,234,059.39 at the end of the previous year[5] Strategic Initiatives - The increase in operating revenue was primarily driven by new product mass production and increased downstream demand, along with the consolidation of a newly invested holding company[8] - The company has established a strategic focus on market expansion and new product development as part of its growth strategy[12] - The company plans to utilize repurchased shares for employee stock ownership plans or equity incentives in the future[12] Share Repurchase - The company has approved a share repurchase plan with a total amount not less than RMB 10 million and not exceeding RMB 20 million, with a maximum repurchase price of RMB 57.66 per share[12] - A total of 63,364 shares have been repurchased, representing 0.09% of the company's total share capital, with a total expenditure of RMB 1,998,998.02[13] Other Financial Metrics - The total assets at the end of the reporting period were ¥969,723,574.28, a slight increase of 0.51% from ¥964,768,023.51 at the end of the previous year[5] - The trading financial assets decreased to RMB 391,245,520.55 from RMB 422,707,090.42, a decline of about 7.48%[14] - The company reported accounts receivable of RMB 87,627,830.15, up from RMB 79,099,541.27, marking an increase of approximately 10.67%[14]
锴威特(688693) - 2025 Q1 - 季度财报