盛剑科技(603324) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 321,248,275.33, representing a 21.20% increase compared to CNY 265,059,414.95 in the same period last year[3]. - The net profit attributable to shareholders was CNY 20,619,255.29, an increase of 8.43% from CNY 19,015,799.15 year-on-year[3]. - Basic and diluted earnings per share increased to CNY 0.14, up 7.69% from CNY 0.13 in the previous year[3]. - The total comprehensive income for the first quarter of 2025 was CNY 21,090,360.89, compared to CNY 19,326,200.48 in the first quarter of 2024, representing an increase of approximately 9.1%[26]. - Net profit for Q1 2025 was ¥21,155,597.73, representing a 9.5% increase from ¥19,326,200.48 in Q1 2024[25]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to -CNY 65,356,403.65, compared to -CNY 250,292,333.54 in the previous year, indicating better collection of accounts receivable[5]. - Cash inflows from operating activities amounted to CNY 365,936,980.32 in Q1 2025, compared to CNY 241,958,593.91 in Q1 2024, reflecting an increase of approximately 51.2%[28]. - The ending cash and cash equivalents balance for Q1 2025 was CNY 320,192,067.63, compared to CNY 253,479,520.44 in Q1 2024, reflecting an increase of about 26.3%[29]. - The company reported a decrease in cash and cash equivalents from RMB 548.16 million to RMB 429.75 million as of March 31, 2025[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,693,285,485.45, a decrease of 6.32% from CNY 3,942,382,816.71 at the end of the previous year[3]. - Total liabilities decreased to ¥1,992,195,165.02 from ¥2,252,106,625.29 year-over-year[21]. - The company's total assets decreased to ¥3,693,285,485.45 from ¥3,942,382,816.71 year-over-year[22]. - The company's short-term borrowings decreased to ¥482,752,545.19 from ¥504,593,104.91 year-over-year[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,723[6]. - The largest shareholder, Zhang Weiming, holds 59.95% of the shares, totaling 89,373,021 shares[7]. - The company has a share repurchase account holding 1,714,900 shares, accounting for 1.15% of the total share capital[8]. - The total share capital after the 2023 annual equity distribution will be 149,462,500 shares, with a capital increase of 0.2 shares per share for all shareholders[10]. Share Repurchase and Equity Plans - The company plans to repurchase shares using between RMB 30 million and RMB 60 million from February 19, 2024, to February 18, 2025, for employee stock ownership plans or equity incentives[9]. - The maximum repurchase price was adjusted from RMB 41.43 per share to RMB 34.34 per share due to the equity distribution[11]. - As of February 13, 2025, the company repurchased 1,205,900 shares, accounting for 0.81% of the total share capital, with an average repurchase price of RMB 25.08 per share[12]. - The company completed the cancellation of 388,440 restricted stocks from the 2021 equity incentive plan, reducing total share capital to 149,074,060 shares[14]. - The company is adjusting the funding source for share repurchases to include self-raised funds and bank loans[11]. Future Financing Plans - The company plans to issue convertible bonds to raise up to RMB 500 million for semiconductor equipment projects and working capital[15]. - The company is undergoing a review process for its application to issue convertible bonds, responding to inquiries from the Shanghai Stock Exchange[16]. Research and Development - Research and development expenses for Q1 2025 were ¥18,260,758.84, up from ¥16,799,071.45 in Q1 2024[24]. Other Financial Metrics - The weighted average return on equity was 1.22%, an increase of 0.03 percentage points compared to 1.19% in the previous year[3]. - The company recognized non-recurring gains and losses totaling CNY 1,376,938.44 for the period[4]. - The company reported a credit impairment loss of ¥15,132,738.63 in Q1 2025, compared to a gain of ¥2,201,080.87 in Q1 2024[25]. - The company is not applying new accounting standards or interpretations for the first time in 2025[30].