Financial Performance - The company's operating revenue for Q1 2025 was ¥87,320,620.42, a decrease of 21.63% compared to ¥111,416,076.93 in the same period last year[4] - The net profit attributable to shareholders was -¥1,230,166.30, representing a decline of 111.60% from ¥10,601,285.52 year-on-year[4] - The basic earnings per share were -¥0.01, down 111.11% from ¥0.09 in the same period last year[4] - The weighted average return on net assets decreased to -0.14%, down 2.20 percentage points from 2.06% year-on-year[4] - Total revenue for Q1 2025 was CNY 87,320,620.42, a decrease of 21.6% compared to CNY 111,416,076.93 in Q1 2024[18] - Net profit for Q1 2025 was a loss of CNY 1,230,166.30, compared to a net profit of CNY 10,601,285.52 in Q1 2024, indicating a significant decline[19] - Operating profit for Q1 2025 was a loss of CNY 2,636,512.98, contrasting with an operating profit of CNY 11,429,350.02 in Q1 2024[19] Cash Flow - The net cash flow from operating activities improved to ¥29,783,860.92, compared to -¥22,998,747.65 in the previous year, indicating a significant recovery[4] - Cash flow from operating activities in Q1 2025 was CNY 118,518,744.43, an increase from CNY 109,229,226.02 in Q1 2024, representing a growth of 8.4%[23] - Total cash inflow from operating activities amounted to CNY 144,163,372.13, compared to CNY 113,397,584.68 last year, indicating a year-over-year increase of approximately 27.2%[24] - Cash outflow from operating activities decreased to CNY 114,379,511.21 from CNY 136,396,332.33, reflecting a reduction of about 16.1%[24] - The ending cash and cash equivalents balance was CNY 83,259,921.00, compared to CNY 55,145,563.59 at the end of the previous period, showing an increase of approximately 50.9%[25] Assets and Liabilities - Total assets increased by 3.72% to ¥1,150,957,045.32 from ¥1,109,677,969.49 at the end of the previous year[5] - Total liabilities rose to CNY 295,462,471.50, compared to CNY 253,315,181.14 in the previous year, marking an increase of 16.7%[16] - The company's equity attributable to shareholders decreased to CNY 855,494,573.82 from CNY 856,362,788.35, a decline of 0.1%[16] Research and Development - Research and development expenses totaled ¥5,818,658.24, accounting for 6.66% of operating revenue, an increase of 1.27 percentage points from the previous year[5] - Research and development expenses for Q1 2025 were CNY 5,818,658.24, slightly down from CNY 6,007,585.46 in Q1 2024[19] Shareholder Structure - The company has a significant shareholder structure, with the top three shareholders holding a combined 50.56% of the total shares[12] - The largest shareholder, Wen Hongfu, holds 20.24% of the shares, while Shenzhen Hongwen Chuangxin Technology Co., Ltd. holds 18.74%[12] - The company has no shares under pledge, marking a stable financial position regarding shareholder equity[12] - There were no significant changes in the shareholding structure due to margin trading or securities lending activities during the reporting period[12] Operational Insights - The company experienced a significant increase in operating costs due to depreciation and personnel expenses related to new projects[8] - The company reported a foreign exchange loss due to the appreciation of the Japanese yen, contributing to the decline in net profit[8] - The company received government subsidies that positively impacted cash flow, aiding in the reduction of raw material procurement costs[8] - The company has not reported any significant operational issues or concerns that would impact its financial performance in the near term[13]
欧莱新材(688530) - 2025 Q1 - 季度财报