Financial Performance - The company's operating revenue for Q1 2025 was ¥65,222,251.21, a decrease of 13.05% compared to ¥75,011,959.64 in the same period last year[3]. - Net profit attributable to shareholders was ¥3,791,273.85, down 79.81% from ¥18,780,658.79 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥991,537.03, a decline of 105.93% compared to ¥16,732,967.21 in the previous year[3]. - Total operating revenue for Q1 2025 was ¥65,222,251.21, a decrease of 13.5% from ¥75,011,959.64 in Q1 2024[18]. - Net profit for Q1 2025 was ¥3,791,273.85, down 79.8% compared to ¥18,780,658.79 in Q1 2024[19]. - Earnings per share for Q1 2025 was ¥0.02, a decrease from ¥0.10 in Q1 2024[20]. Research and Development - The company's R&D investment totaled ¥14,427,492.45, representing 22.12% of operating revenue, an increase of 3.72 percentage points from 18.40%[4]. - Research and development expenses for Q1 2025 were ¥14,427,492.45, up from ¥13,800,339.93 in Q1 2024[18]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥24,894,214.98, an improvement from -¥43,973,286.58 in the previous year[3]. - Cash inflow from operating activities in Q1 2025 was ¥47,319,954.10, compared to ¥26,770,771.73 in Q1 2024, representing an increase of 76.8%[22]. - The net increase in cash and cash equivalents was -$272,839,201.54, compared to -$75,421,682.55 in the prior period[24]. - The ending balance of cash and cash equivalents was $226,052,913.45, down from $555,109,875.69 year-over-year[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,916,925,629.94, a decrease of 2.36% from ¥1,963,322,285.86 at the end of the previous year[4]. - Current assets totaled RMB 1,559,846,713.08, down from RMB 1,627,038,041.89 at the end of 2024[14]. - The company's total liabilities decreased to RMB 190,370,545.28 from RMB 224,082,086.53 at the end of 2024[15]. - Accounts receivable increased to RMB 393,423,444.45 from RMB 367,898,068.34 at the end of 2024[13]. - The company reported an increase in inventory to RMB 169,954,367.69 from RMB 159,718,910.87 at the end of 2024[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,786[8]. - The largest shareholder, Li Weiping, holds 34,160,000 shares, accounting for 18.37% of the total shares[8]. - There are no significant changes in the shareholding structure or participation in margin trading activities among the top shareholders[10]. Government Support - The company received government subsidies amounting to ¥1,258,482.03, which are closely related to its normal business operations[5]. Share Repurchase - As of March 31, 2025, the company repurchased a total of 2,103,671 shares, accounting for 1.13% of the total share capital, with a total expenditure of RMB 50,440,345.74[12]. - The highest repurchase price was RMB 30.52 per share, while the lowest was RMB 19.74 per share, with an average repurchase price of RMB 23.98 per share[12]. Other Income and Expenses - The company reported a significant increase in other income to ¥1,798,759.11 in Q1 2025, compared to ¥673,058.79 in Q1 2024[19]. - Financial expenses in Q1 2025 showed a significant improvement, with a net income of -¥379,258.12 compared to -¥2,675,605.73 in Q1 2024[18]. - Other comprehensive income after tax for Q1 2025 was -¥396,458.82, compared to -¥515,969.71 in Q1 2024[19]. Product Development - The company has not disclosed any new product or technology developments during the reporting period[11].
高华科技(688539) - 2025 Q1 - 季度财报