江航装备(688586) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 210,187,624.13, a decrease of 31.96% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 20,023,868.30, down 67.10% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 19,532,079.42, a decline of 63.97% compared to the previous year[4] - Total operating revenue for Q1 2025 was ¥210,187,624.13, a decrease of 32% compared to ¥308,921,731.50 in Q1 2024[17] - Net profit for Q1 2025 was ¥20,023,868.30, a decline of 67% from ¥60,868,475.85 in Q1 2024[19] - Operating profit for Q1 2025 was ¥22,613,219.94, down 67.3% from ¥68,975,438.42 in Q1 2024[17] - The basic and diluted earnings per share were both CNY 0.03, a decrease of 62.50% compared to the same period last year[4] - The basic and diluted earnings per share for Q1 2025 were both ¥0.03, down from ¥0.08 in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 34,748,843.61, a significant improvement from a negative cash flow of CNY -80,947,723.55 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was ¥34,748,843.61, compared to a negative cash flow of -¥80,947,723.55 in Q1 2024[22] - The company's cash and cash equivalents reached RMB 860,868,960.15, up from RMB 834,004,018.42, indicating an increase of about 3.2%[13] - Cash and cash equivalents at the end of Q1 2025 increased to ¥832,149,560.70 from ¥922,003,076.36 at the end of Q1 2024[23] - The company reported a significant increase in cash received from sales, totaling ¥221,130,711.04 in Q1 2025, compared to ¥118,806,704.95 in Q1 2024[22] - The company experienced a decrease in total investment cash flow, reporting a net cash outflow of -¥7,407,358.89 in Q1 2025 compared to a net inflow of ¥2,589,214.27 in Q1 2024[23] Research and Development - Research and development expenses totaled CNY 32,705,392.28, representing 15.56% of operating revenue, an increase of 5.51 percentage points year-on-year[5] - Research and development expenses for Q1 2025 were ¥18,068,331.97, an increase of 18.5% from ¥15,253,391.59 in Q1 2024[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,653,184,135.20, a slight increase of 0.94% from the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to RMB 2,932,607,668.57, an increase from RMB 2,889,201,535.85 as of December 31, 2024, reflecting a growth of approximately 1.5%[13] - Total liabilities as of March 31, 2025, were RMB 1,136,554,851.45, compared to RMB 1,123,815,074.15 at the end of 2024, showing a slight increase of about 1.8%[15] - The total assets of the company stood at RMB 3,653,184,135.20, up from RMB 3,619,236,555.59, marking an increase of approximately 0.9%[15] - The company's non-current assets totaled RMB 720,576,466.63, a decrease from RMB 730,035,019.74, reflecting a decline of about 1.9%[14] - The total equity attributable to shareholders increased to RMB 2,516,629,283.75 from RMB 2,495,421,481.44, indicating a growth of approximately 0.9%[15] - The company reported a decrease in inventory to RMB 532,286,741.18 from RMB 550,361,841.60, which is a decline of about 3.3%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,356[10] Market Conditions - The company attributed the decline in revenue and profit to changes in market conditions and the delivery schedule of product orders[8]