凤凰光学(600071) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 334,571,600.31, a decrease of 15.24% compared to CNY 394,747,818.37 in the same period last year[4] - The net profit attributable to shareholders was CNY 3,752,128.47, a significant improvement from a loss of CNY 22,421,290.61 in the previous year[4] - The basic earnings per share increased by 112.50% to CNY 0.01 from a loss of CNY 0.08 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥334,571,600.31, a decrease of 15.2% compared to ¥394,747,818.37 in Q1 2024[17] - Net profit for Q1 2025 was ¥4,527,919.85, a significant recovery from a net loss of ¥22,484,381.93 in Q1 2024[18] - The company reported a gross profit of ¥4,550,715.47 for Q1 2025, compared to a gross loss of ¥18,999,344.17 in Q1 2024[18] - The company achieved a basic earnings per share of ¥0.01 in Q1 2025, compared to a loss per share of ¥0.08 in Q1 2024[18] Cash Flow and Assets - The net cash flow from operating activities decreased by 98.71% to CNY 314,853.76, down from CNY 24,359,155.50 in the previous year[4] - As of March 31, 2025, total current assets decreased to RMB 916.76 million from RMB 1.16 billion as of December 31, 2024, reflecting a decline of approximately 21%[12] - The company’s cash and cash equivalents decreased to RMB 199.77 million from RMB 209.13 million, a decline of approximately 4%[12] - Cash flow from operating activities for Q1 2025 was ¥314,853.76, a decrease from ¥24,359,155.50 in Q1 2024[20] - The company’s cash inflow from operating activities totaled ¥342,089,708.36 in Q1 2025, down from ¥412,122,580.13 in Q1 2024[20] - The cash and cash equivalents at the end of the period amounted to $191,982,152.15, an increase from $190,582,276.80 at the beginning of the period[21] - The company experienced a net increase in cash and cash equivalents of $1,399,875.35 during the period[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,612,320,461.84, a decrease of 14.18% from CNY 1,878,715,843.17 at the end of the previous year[5] - Total assets decreased to RMB 1.61 billion from RMB 1.88 billion, a decline of around 14%[13] - The company’s total liabilities decreased to ¥1,084,755,793.45 in Q1 2025 from ¥1,324,789,731.54 in Q1 2024, reflecting a reduction of approximately 18.1%[14] - Total equity attributable to shareholders increased to ¥478,225,969.80 in Q1 2025 from ¥475,249,779.32 in Q1 2024[14] - The company’s long-term equity investments amounted to RMB 28.41 million, indicating a stable investment position[13] - The company’s total liabilities and equity structure remains stable despite the overall asset reduction[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,844[9] - The largest shareholder, China Electric Hekang Group Co., Ltd., holds 47.16% of the shares, totaling 132,790,648 shares[9] Strategic Focus - The company plans to continue focusing on new product development and market expansion strategies in the upcoming quarters[4] - The company transferred 9.106% equity of its subsidiary, Phoenix New Energy (Huizhou) Co., Ltd., for RMB 6.4787 million, losing control over the subsidiary and excluding it from the consolidated financial statements[11] Research and Development - Research and development expenses for Q1 2025 were ¥22,967,706.64, down 32.8% from ¥34,104,386.09 in Q1 2024[17] Investment Activities - The net cash inflow from investment activities was $16,443,163.96, compared to a net outflow of $17,713,878.31 in the previous period[21] - Total cash inflow from investment activities was $33,812,054.51, while cash outflow was $9,051,309.80[21] - The company reported a total cash outflow from investment activities of $17,368,890.55, compared to $18,257,410.91 in the previous period[21] Accounting Standards - The company is set to implement new accounting standards starting from 2025, which may affect future financial reporting[21]