Financial Performance - The company's operating revenue for Q1 2025 was ¥133,134,354.14, representing a decrease of 34.17% compared to the same period last year[4] - Net profit attributable to shareholders was ¥9,435,260.98, down 74.04% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥4,969,693.94, a decline of 84.56% compared to the previous year[4] - Basic and diluted earnings per share were both ¥0.0204, reflecting a decrease of 79.23% from the same period last year[4] - The company's net profit for Q1 2025 was a significant decrease from ¥36,348,044.76 in Q1 2024, representing a decline of approximately 74%[19] - The total operating profit for Q1 2025 was CNY 9,413,825.45, down from CNY 41,254,886.00 in Q1 2024, indicating a decrease of about 77%[19] - The total revenue from sales of goods and services received in Q1 2025 was CNY 62,976,924.78, down from CNY 93,021,358.26 in Q1 2024, indicating a decrease of about 32%[22] - The company reported a total comprehensive income of CNY 9,435,260.98 for Q1 2025, down from CNY 36,348,044.76 in Q1 2024, reflecting a decline of approximately 74%[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥103,304,427.11, indicating a negative cash flow situation[4] - The cash flow from operating activities for Q1 2025 was negative CNY 103,304,427.11, compared to negative CNY 100,079,423.42 in Q1 2024, reflecting a worsening cash flow situation[22] - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 491,002,398.98, down from CNY 619,548,343.82 as of December 31, 2024[15] - The cash and cash equivalents decreased to CNY 491,002,398.98 as of March 31, 2025, from CNY 619,548,343.82 as of December 31, 2024[15] - The total current assets as of March 31, 2025, were CNY 2,328,090,312.62, slightly down from CNY 2,361,944,186.47 as of December 31, 2024[15] - The total assets at the end of the reporting period were ¥3,329,840,226.92, a decrease of 1.18% from the end of the previous year[5] - The total assets as of March 31, 2025, were CNY 3,329,840,226.92, down from CNY 3,369,643,677.01 at the end of 2024[16] Liabilities and Shareholder Information - The total liabilities as of March 31, 2025, were CNY 877,943,731.33, a decrease from CNY 928,080,707.90 at the end of 2024[17] - The company reported a significant reduction in accounts payable, which stood at CNY 286,884,371.32 as of March 31, 2025, compared to CNY 288,191,713.76 at the end of 2024[16] - The total number of ordinary shareholders at the end of the reporting period was 17,187[12] Research and Development - Research and development expenses totaled ¥11,058,992.86, accounting for 8.31% of operating revenue, an increase of 1.49 percentage points[5] - Research and development expenses for Q1 2025 amounted to CNY 11,058,992.86, a decrease of 19.8% compared to CNY 13,790,393.20 in Q1 2024[18] Other Financial Metrics - The weighted average return on equity was 0.39%, down 1.72 percentage points year-on-year[4] - Interest expenses for Q1 2025 were CNY 1,740,331.84, compared to CNY 2,028,572.80 in Q1 2024, showing a reduction of approximately 14%[19] - The company incurred credit impairment losses of CNY -13,684,986.39 in Q1 2025, worsening from CNY -11,027,703.20 in Q1 2024[19] - The total cash outflow from financing activities in Q1 2025 was CNY 17,019,000.00, compared to CNY 2,256,043.54 in Q1 2024, indicating a significant increase in cash outflows[23] Revenue and Cost of Goods Sold - The cost of goods sold in Q1 2025 was CNY 88,787,416.99, down 28.5% from CNY 124,133,957.99 in Q1 2024[18] - The decrease in revenue and profit was primarily attributed to a phase adjustment in orders from certain downstream markets[10]
金天钛业(688750) - 2025 Q1 - 季度财报