Holystar(688330)2025-04-29 09:03Financial Performance - The company's operating revenue for Q1 2025 was ¥158,955,221.78, a decrease of 26.90% compared to ¥217,434,467.16 in the same period last year[4] - Net profit attributable to shareholders was ¥20,896,750.57, down 42.68% from ¥36,458,013.28 year-on-year[4] - The net profit excluding non-recurring gains and losses decreased by 59.57%, amounting to ¥12,999,328.32 compared to ¥32,156,262.03 in the previous year[4] - The basic earnings per share were ¥0.1507, a decrease of 42.35% from ¥0.2614 in the same period last year[4] - Net profit for Q1 2025 was ¥19,811,931.38, a decline of 46% from ¥36,458,013.28 in Q1 2024[19] - Basic earnings per share for Q1 2025 were ¥0.1507, compared to ¥0.2614 in Q1 2024, indicating a 42% decrease[20] Cash Flow - The net cash flow from operating activities was -¥4,365,835.99, an improvement from -¥23,446,219.16 in the same period last year[4] - Cash received from sales in Q1 2025 was ¥141,832,858.97, down 29% from ¥199,121,680.04 in Q1 2024[22] - The total cash outflow from operating activities was $152,087,905.72, compared to $231,458,626.09 last year[23] - The ending cash and cash equivalents balance was $331,523,583.20, down from $730,561,807.31 at the end of the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,126,566,079.82, down 1.83% from ¥4,203,381,676.12 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to 3,109,822,730.89 RMB, a decrease from 3,257,272,662.97 RMB as of December 31, 2024[15] - Total liabilities decreased to ¥331,560,123.16 from ¥428,187,650.84, a reduction of approximately 23%[17] - The company reported a significant reduction in short-term borrowings, which decreased from ¥67,729,919.16 to ¥51,863,688.10, a decline of 23%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,185[10] - The largest shareholder, Shanghai Hongyuan Investment Group Co., Ltd., holds 25,267,722 shares, accounting for 18.05% of total shares[10] Research and Development - R&D investment totaled ¥8,525,190.35, a decrease of 16.62% from ¥10,224,138.81, while the R&D investment as a percentage of operating revenue increased to 5.36%[5] Market Conditions - The decline in net profit was primarily due to intensified market competition and a decrease in product prices, along with reduced delivery volumes of distribution network equipment[8] Investment Activities - The net cash flow from investment activities was -$477,273,006.56, worsening from -$77,791,276.61 in the previous year[23] - The company received $818,500,000.00 from the recovery of investments, slightly down from $859,500,000.00 last year[23] Stock Incentive Plan - The company plans to grant 1,301,916 shares of restricted stock at a price of 14.76 RMB per share as part of its 2025 incentive plan[11] - The company approved the first grant of 1,222,216 shares of restricted stock to 29 incentive objects on April 15, 2025[12]