Neoway(SH:688159)2025-04-29 15:45Financial Performance - The company's revenue for Q1 2025 reached ¥1,057,757,239.81, representing a year-on-year increase of 22.66% compared to ¥862,350,045.17 in the same period last year[3] - Net profit attributable to shareholders decreased by 70.03% to ¥17,599,519.06 from ¥58,730,402.96 in the previous year[3] - Basic earnings per share fell by 70.31% to ¥0.19, down from ¥0.64 in the same period last year[4] - The net profit for Q1 2025 is CNY 16,865,231.74, a decrease of 70.7% compared to CNY 57,544,244.52 in Q1 2024[17] - The total profit before tax for Q1 2025 is CNY 20,314,322.89, a decrease of 69.7% from CNY 67,073,667.52 in Q1 2024[17] - The net profit for Q1 2025 was CNY 10,544,299.16, a decrease of 84.5% from CNY 64,025,605.08 in Q1 2024[28] Assets and Liabilities - Total assets increased by 20.08% to ¥2,130,246,770.83 from ¥1,774,025,769.80 at the end of the previous year[4] - Total assets as of March 31, 2025, were RMB 2,130,246,770.83, up from RMB 1,774,025,769.80 at the end of 2024, indicating a growth of 20.1%[13] - Total liabilities increased to RMB 1,258,076,394.22 from RMB 919,717,338.13, marking a rise of 36.8%[14] - Shareholders' equity as of March 31, 2025, was RMB 872,170,376.61, compared to RMB 854,308,431.67 at the end of 2024, showing an increase of 2.5%[14] Cash Flow - The net cash flow from operating activities improved to ¥779,593.17, a significant recovery from a negative cash flow of ¥18,739,138.68 in the same period last year[3] - In Q1 2025, the company generated a net cash flow from operating activities of ¥60,766,672.11, a significant improvement compared to a net outflow of ¥-37,744,316.65 in Q1 2024[29] - Total cash inflow from operating activities was ¥1,286,680,090.09, up from ¥980,821,983.19 in the same period last year, representing a year-over-year increase of approximately 31.1%[29] - Cash and cash equivalents at the end of Q1 2025 reached ¥363,107,635.22, a substantial increase from ¥117,493,234.00 at the end of Q1 2024[30] Research and Development - Research and development expenses totaled ¥21,103,211.04, a decrease of 20.73% compared to ¥26,622,230.24 in the previous year, accounting for 2.00% of revenue[4] - Research and development expenses decreased to CNY 17,250,877.47 in Q1 2025 from CNY 22,160,787.25 in Q1 2024, reflecting a reduction of 22.3%[17] - Research and development expenses for Q1 2025 were CNY 14,713,132.92, down 26.2% from CNY 19,926,255.45 in Q1 2024[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,559[8] - The largest shareholder, Shenzhen Jisr Investment Development Co., Ltd., holds 23.52% of the shares, totaling 21,641,000 shares[8] Operational Performance - The company is focusing on expanding its market presence and enhancing product development to drive future growth[10] - The company reported a significant increase in sales expenses, which rose to CNY 12,815,086.07 in Q1 2025 from CNY 9,445,805.56 in Q1 2024, an increase of 35.1%[17] - The company's total cash inflow from operating activities was significantly higher than cash outflows, indicating strong operational performance in the first quarter of 2025[29]