万盛股份(603010) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥775,996,799.87, representing a 16.02% increase compared to ¥668,855,622.52 in the same period last year[5] - Net profit attributable to shareholders decreased by 78.87% to ¥9,636,186.23 from ¥45,607,078.78 year-on-year[5] - Basic and diluted earnings per share dropped by 75.00% to ¥0.02 from ¥0.08 year-on-year[5] - Operating profit for Q1 2025 was CNY 26,145,211.27, down 48.70% from CNY 51,043,775.83 in Q1 2024[20] - Net profit for Q1 2025 was CNY 15,169,214.74, a decrease of 64.60% compared to CNY 42,731,703.42 in Q1 2024[20] - The total comprehensive income attributable to the parent company was CNY 10,452,476.75 in the current period, down from CNY 45,544,918.26 in the previous period[21] - The company reported a total comprehensive income of CNY 15,985,505.26, compared to CNY 42,669,542.90 in the previous period[21] Cash Flow - The net cash flow from operating activities was negative at -¥6,152,265.64, a decline of 105.88% compared to ¥104,543,245.56 in the previous year[5] - In Q1 2025, the company reported cash inflows from operating activities of CNY 890,939,888.46, an increase of 25.3% compared to CNY 711,104,586.39 in Q1 2024[23] - The net cash flow from operating activities for Q1 2025 was -CNY 6,152,265.64, a significant decline from CNY 104,543,245.56 in Q1 2024[24] - The company generated CNY 106,406,929.14 in cash inflows from investing activities in Q1 2025, up from CNY 84,617,681.15 in Q1 2024[24] - Cash outflows from investing activities totaled CNY 349,013,013.10 in Q1 2025, compared to CNY 259,777,695.48 in Q1 2024, resulting in a net cash flow of -CNY 242,606,083.96[24] - The company raised CNY 721,839,868.69 from financing activities in Q1 2025, an increase from CNY 593,649,089.19 in Q1 2024[25] - The net cash flow from financing activities was CNY 305,664,582.46 in Q1 2025, compared to CNY 223,293,207.13 in Q1 2024, indicating a 37% increase[25] Assets and Liabilities - Total assets increased by 2.09% to ¥7,350,655,907.82 from ¥7,200,203,063.83 at the end of the previous year[6] - Total assets as of March 31, 2025, amounted to CNY 7,350,655,907.82, up from CNY 7,200,203,063.83 at the end of 2024[15] - Current assets increased to CNY 3,018,483,282.62 from CNY 2,850,964,534.83 at the end of 2024, reflecting a growth of 5.88%[15] - Total liabilities rose to CNY 3,425,744,714.19, compared to CNY 3,288,938,694.76 at the end of 2024, indicating an increase of 4.16%[15] - The company reported a significant increase in short-term borrowings, which rose to CNY 781,466,958.72 from CNY 519,290,564.86, an increase of 50.47%[15] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 22,780[10] - The company added Guangzhou Shangen to its consolidated financial statements, contributing to the revenue growth[8] Costs and Expenses - The decline in net profit was primarily due to increased costs associated with the Shandong Wansheng project during its capacity ramp-up phase[7] - Research and development expenses for Q1 2025 were CNY 30,434,174.64, up from CNY 23,159,770.81 in Q1 2024, reflecting a growth of 31.58%[20]