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龙泉股份(002671) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥178,257,698.87, representing a 35.86% increase compared to ¥131,203,078.44 in the same period last year[4] - The net profit attributable to shareholders was -¥14,689,410.50, a decrease of 77.04% from -¥8,297,021.02 year-over-year[4] - The net profit margin decreased, leading to a 74.51% decline in net profit[9] - The net profit for the current period is -14,488,067.77, compared to -8,302,172.10 in the previous period, indicating a significant increase in losses[24] - Operating profit for the current period is -13,243,988.97, compared to -7,214,400.93 in the previous period, reflecting a worsening operational performance[24] - The total comprehensive income attributable to the parent company is -14,689,410.50, compared to -8,297,021.02 in the previous period, reflecting a significant increase in losses[24] Cash Flow - The net cash flow from operating activities improved by 8.38%, amounting to -¥35,461,541.90 compared to -¥38,705,603.78 in the previous year[4] - Cash flow from operating activities shows a net outflow of -35,461,541.90, slightly improved from -38,705,603.78 in the previous period[25] - Cash flow from investing activities saw a drastic decline of 1952.87%, mainly due to payments for equity transfer[10] - Cash flow from investing activities has a net outflow of -190,509,540.56, compared to -9,280,176.52 in the previous period, indicating increased investment expenditures[26] - Cash flow from financing activities shows a net inflow of 124,491,426.27, significantly improved from 18,714,195.45 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,951,064,809.42, a slight increase of 0.18% from ¥2,945,847,182.65 at the end of the previous year[4] - Total liabilities decreased slightly to ¥1,275,007,406.89 from ¥1,281,337,103.70, a reduction of 0.5%[22] - The company's equity attributable to shareholders decreased to ¥1,640,652,214.93 from ¥1,665,887,584.91, a decline of 1.5%[22] - Non-current assets totaled ¥1,225,108,615.60, an increase of 9.7% from ¥1,117,004,419.87[21] Expenses - The company's sales expenses rose by 60.09%, primarily due to the acquisition and increased sales personnel costs[8] - Total operating costs increased to ¥196,239,188.21, up 33.4% from ¥147,068,890.28 in the previous period[23] - Research and development expenses were ¥4,030,228.08, slightly down from ¥4,164,688.54 in the previous period[23] - The company reported an investment loss of ¥460,030.51, an improvement from a loss of ¥519,666.05 in the previous period[23] Acquisitions and Goodwill - The company reported a significant increase in goodwill by 92.10%, attributed to the acquisition of control over Nantong Power Station Valve Co., Ltd.[7] - The company acquired 80% of Nantong Electric Valve Co., Ltd. for cash, completing the transfer of ownership as of December 26, 2024[13] - The acquisition resulted in an increase of goodwill by RMB 71.5572 million, subject to final audit confirmation[14] - The company experienced a 2670.24% increase in minority interests, driven by the acquisition of Nantong Power Station Valve Co., Ltd.[7] Shareholder Actions - The company approved a share repurchase plan with a total fund of no less than RMB 10 million and no more than RMB 18 million, with a maximum repurchase price of RMB 6.00 per share[15] - As of February 6, 2025, the company repurchased 3,460,000 shares, accounting for 0.61% of the total share capital, with a total transaction amount of RMB 15,708,839[15] - The company completed the repurchase and cancellation of 722,413 restricted stocks from 58 incentive targets, reducing total share capital from 564,566,759 shares to 563,694,346 shares[17] - The company plans to grant 2.86 million restricted stocks at a price of RMB 2.28 per share to 28 incentive targets under the second phase of the 2024 restricted stock incentive plan[18] Inventory and Receivables - Accounts receivable rose to ¥729,408,609.63, an increase of 4.0% from ¥697,584,998.25[20] - Inventory increased to ¥265,459,984.89, up 18.0% from ¥225,067,904.44[20] - The company's cash and cash equivalents decreased to ¥390,942,796.88 from ¥658,807,502.71, a decline of 40.7%[20] - Total cash and cash equivalents at the end of the period is 202,706,756.26, up from 100,467,422.59 in the previous period[27] Earnings Per Share - The basic earnings per share for the current period is -0.0262, compared to -0.0148 in the previous period, indicating a decline in earnings performance[24] - The company incurred credit impairment losses of 4,504,678.65, compared to 7,365,842.97 in the previous period, showing a decrease in credit losses[24]