Financial Performance - Operating revenue for the first quarter of 2025 was ¥39,984,190.35, representing a decline of 35.42% year-on-year[8] - Net profit attributable to shareholders for the first quarter was a loss of ¥2,869,481.09, a decrease of 233.01% compared to the same period last year[8] - Total operating revenue for Q1 2025 was CNY 39,984,190.35, a decrease from CNY 61,912,516.00 in Q1 2024[35] - Net profit for Q1 2025 was a loss of CNY 3,096,325.00, compared to a net profit of CNY 2,385,025.06 in Q1 2024[35] - Basic earnings per share for Q1 2025 was -CNY 0.03, compared to CNY 0.02 in Q1 2024[37] - Total comprehensive income for Q1 2025 was 659,244.39, compared to 3,587,056.70 in Q1 2024, reflecting a substantial decline[41] Cash Flow - The net cash flow from operating activities was ¥9,828,839.62, an increase of 165.96% year-on-year[8] - Cash flow from operating activities for Q1 2025 was 9,828,839.62, contrasting with a negative cash flow of -14,901,638.81 in Q1 2024[42] - Cash flow from investment activities in Q1 2025 was -42,915,362.02, compared to -9,948,150.87 in Q1 2024, showing increased cash outflow[43] - The company reported a significant increase in cash inflow from investment activities, totaling 93,270,584.48 in Q1 2025 compared to 131,736,613.13 in Q1 2024[43] - Total cash inflow from financing activities was $10.47 million, while cash outflow was $0.1 million, resulting in a net cash flow of -$0.1 million compared to $9.89 million in the previous period[45] Assets and Liabilities - Total assets as of March 31, 2025, amounted to ¥727,123,468.35, a decrease of 1.08% compared to the end of the previous year[8] - Total current assets as of March 31, 2025, amounted to CNY 574,605,623.80, a slight decrease from CNY 580,181,702.29 on December 31, 2024[28] - Total liabilities decreased to CNY 95,196,244.88 from CNY 100,007,012.65, reflecting a reduction in financial obligations[30] - The company's total equity decreased to CNY 631,927,223.47 from CNY 635,023,548.47, indicating a reduction in shareholder value[30] - The company's debt-to-asset ratio (consolidated) was 13.09%, slightly down from 13.61% at the end of the previous year[8] Shareholder Information - The total number of unrestricted shares is 42,077,762, accounting for 46.10% of the total share capital[15] - The largest shareholder, Wang Laifu, holds 58,389,850 shares, representing 63.97% of the total shares[17] - The total number of shareholders holding ordinary shares is 7,065[15] Research and Development - Research and development expenses for the quarter were ¥3,016,419.08, down 48.11% year-on-year due to reduced material input and project completion[10] - Research and development expenses for Q1 2025 were CNY 3,016,419.08, down from CNY 5,813,166.42 in Q1 2024[35] - The company plans to use raised funds for the expansion of the diamond micro-powder production base and the upgrade of the R&D center, with 5.06 thousand yuan already utilized for the R&D project[25] Other Financial Metrics - The company reported a significant increase in credit impairment losses by 268.26%, primarily due to an increase in overdue receivables[10] - Cash and cash equivalents decreased by 53.68% to ¥28,668,731.71 due to the investment of idle funds in financial products[9] - Trade receivables decreased by 26.91% to ¥14,966,094.23, attributed to a reduction in bank acceptance bills received[9] - The company has 3,650,000 yuan in restricted cash, representing 0.50% of total assets, due to bank acceptance guarantees[24] - The company has not experienced any litigation or arbitration matters during the reporting period[20] - The company has not pledged or frozen any shares of its major shareholders[18] - The company has not encountered any overdue commitments during the reporting period[23]
惠丰钻石(839725) - 2025 Q1 - 季度财报