Financial Performance - Operating revenue for Q1 2025 was CNY 127,429,840.00, a decline of 39.31% year-on-year[11] - Net profit attributable to shareholders was a loss of CNY 12,883,053.31, representing a decrease of 127.53% compared to the same period last year[11] - Total revenue for Q1 2025 reached ¥127,429,840, a decrease from ¥209,976,797 in Q1 2024, representing a decline of approximately 39.3%[33] - Net profit for Q1 2025 was a loss of ¥12,883,053, compared to a profit of ¥46,793,297 in Q1 2024, marking a significant decline[34] - The total comprehensive income attributable to the parent company was -12,883,053.31 yuan, compared to 46,793,297.33 yuan in the same period last year[35] - Basic and diluted earnings per share were both -0.03 yuan, down from 0.14 yuan year-over-year[35] Cash Flow - The company's cash flow from operating activities increased by 148.09% to CNY 14,767,288.58[11] - Cash inflow from operating activities was 38,634,752.58 yuan, significantly lower than 101,663,152.21 yuan in the previous year[35] - Cash outflow from operating activities totaled 23,867,464.00 yuan, compared to 132,369,741.92 yuan in the same period last year[35] - The net cash flow from operating activities was 14,767,288.58 yuan, a turnaround from -30,706,589.71 yuan year-over-year[35] - The company did not incur any financing activities, resulting in a net cash flow from financing activities of -CNY 54,043,298.87, a decrease of 298.25%[15] - Cash outflow from financing activities was 54,043,298.87 yuan, compared to 52,739,930.47 yuan in the previous year[36] - The net cash flow from financing activities was -54,043,298.87 yuan, a decline from 27,260,069.53 yuan year-over-year[36] - The ending cash and cash equivalents balance was 187,373,108.11 yuan, down from 132,466,437.70 yuan in the previous year[36] Assets and Liabilities - Total assets decreased by 2.39% to CNY 2,095,534,089.67 compared to the end of the previous year[11] - Current assets totaled ¥532,440,201.87 as of March 31, 2025, a decrease from ¥564,345,736.35 at the end of 2024, reflecting a reduction of approximately 5.6%[30] - Total liabilities decreased to ¥444,312,725.04 as of March 31, 2025, down from ¥483,700,460.24 at the end of 2024, indicating a decline of about 8.1%[32] - Non-current assets amounted to ¥1,563,093,887.80 as of March 31, 2025, a slight decrease from ¥1,582,557,365.64 at the end of 2024, representing a reduction of approximately 1.5%[31] - The company's short-term borrowings decreased by 62.54% to CNY 30,000,000.00 due to repayment of loans[13] Shareholder Information - The company reported a total of 422,060,067 shares outstanding, with 10,233 common shareholders[20] - The largest shareholder, China Pingmei Shenma Holdings Group Co., Ltd., holds 82,509,718 shares, representing 19.55% of total shares[21] - The second-largest shareholder, Henan Pingmei Shenma Shoushan Carbon Materials Co., Ltd., holds 76,618,338 shares, accounting for 18.15%[21] - The third-largest shareholder, Henan Shouchuang Chemical Technology Co., Ltd., owns 72,568,452 shares, which is 17.19% of total shares[21] - The company has no pledged or judicially frozen shares among the top ten shareholders[24] Research and Development - Research and development expenses decreased by 60.34% to CNY 1,571,258.09, indicating reduced investment in R&D[12] - The company reported a significant increase in research and development expenses, which reached ¥1,571,258.09 in Q1 2025, compared to ¥3,961,872.73 in Q1 2024, indicating a strategic focus on innovation despite overall losses[33] Legal and Regulatory - There were no significant legal disputes or external guarantees during the reporting period[26] - The company has not made any changes to accounting policies or corrected accounting errors during the reporting period[18] - The company has approved daily related transactions for 2025, which were reviewed by the board and shareholders[27] Other Financial Metrics - The company's gross profit margin narrowed significantly due to a decrease in product prices and reduced demand[14] - The cash received from sales decreased by 62.22% to CNY 38,159,287.42, reflecting a significant drop in revenue[14] - The total non-recurring gains and losses amounted to ¥1,193,176.08, with a net amount of ¥894,882.06 after tax effects[17] - The company has recognized an asset freeze on receivables amounting to ¥61,520,696.31, which constitutes 2.94% of total assets[28] - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth despite the current financial challenges[34]
硅烷科技(838402) - 2025 Q1 - 季度财报