SEC(SH:603988)2025-04-29 13:15Financial Performance - The company's operating revenue for Q1 2025 was ¥118,082,880.22, representing a 7.04% increase compared to ¥110,321,130.81 in the same period last year[5] - Net profit attributable to shareholders was ¥4,198,469.52, a significant turnaround from a loss of ¥18,424,110.23 in the previous year, marking a 122.79% increase[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,628,721.55, up 142.64% from a loss of ¥6,165,082.44 in the same period last year[5] - Basic and diluted earnings per share both improved to ¥0.02, compared to a loss of ¥0.08 per share in the previous year, reflecting a 125% increase[5] - The weighted average return on equity increased to 0.65%, up 3.39 percentage points from -2.74% in the previous year[6] - The company reported a net cash flow from operating activities of -¥38,573,534.35, slightly worse than -¥36,839,145.44 in the same period last year, indicating a 4.71% decline[5] - Total operating revenue for Q1 2025 reached ¥118,082,880.22, an increase of 7.9% compared to ¥110,321,130.81 in Q1 2024[19] - Total operating costs decreased to ¥112,267,956.94 from ¥115,707,899.00, reflecting a reduction of 3.9%[19] - Net profit for Q1 2025 was ¥4,198,469.52, a significant recovery from a net loss of ¥18,424,110.23 in Q1 2024[20] - Operating profit improved to ¥4,216,943.14 from a loss of ¥17,092,934.30 year-over-year[19] - Cash received from sales of goods and services increased to ¥156,708,155.38, compared to ¥66,818,221.98 in Q1 2024[23] - The company reported a significant increase in other income, rising to ¥1,841,426.45 from ¥681,120.97 year-over-year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,128,234,393.54, a 1.09% increase from ¥1,116,071,435.28 at the end of the previous year[6] - The total assets increased from ¥1,116,071,435.28 to ¥1,128,234,393.54, reflecting a growth of about 1.1%[15] - The total liabilities increased from ¥1,116,071,435.28 to ¥1,128,234,393.54, indicating a rise in financial obligations[15] - The total liabilities increased to ¥482,084,126.29 from ¥474,676,992.75, indicating a rise of 0.9%[16] - Total equity attributable to shareholders rose to ¥646,150,267.25 from ¥641,394,442.53, reflecting a growth of 0.9%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,079[11] - The largest shareholder, Beijing Gaodi Resource Development Co., Ltd., holds 70,560,000 shares, accounting for 30.00% of total shares[11] Cash Flow and Investments - The company’s cash and cash equivalents decreased from ¥110,049,816.20 to ¥71,683,531.70, a decline of approximately 34.8%[14] - Accounts receivable decreased from ¥281,272,301.73 to ¥246,278,538.68, a reduction of about 12.5%[14] - Inventory increased from ¥275,041,634.05 to ¥291,689,051.14, an increase of approximately 6.1%[14] - Investment activities resulted in a net cash outflow of ¥49,994,600.00, with cash inflow from investment recovery at ¥33,089,400.00[24] - The net cash flow from financing activities amounted to $50,000,000.00[25] - The impact of exchange rate changes on cash and cash equivalents was $1,159,010.43[25] - The net increase in cash and cash equivalents was -$37,409,123.92[25] - The beginning balance of cash and cash equivalents was $73,039,900.81[25] - The ending balance of cash and cash equivalents was $35,630,776.89[25] Business Expansion Plans - The company plans to expand its business into upstream resource industries, including non-ferrous and precious metal investment, exploration, mining, and processing[13] - The company has completed the registration of changes in business scope to include upstream resource-related operations[13] - The company aims to enhance profitability and sustainable operations by diversifying into dual main businesses of electric motor and upstream resources[13] Other Income and Financial Assets - The company experienced a 186.89% increase in trading financial assets, primarily due to investments in financial products during the reporting period[8] - The company recorded a 100% increase in other income, attributed to a rise in VAT deductions compared to the previous year[8] - The company’s total profit increased by 125.74%, driven by the appreciation in the fair value of equity investments compared to the previous year[8]