富创精密(688409) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 76,193.42 million, an increase of 8.62% compared to CNY 70,147.60 million in the same period last year[3]. - The net profit attributable to shareholders decreased by 136.67% to -CNY 2,215.69 million from CNY 6,042.96 million year-on-year[3]. - Total operating revenue for Q1 2025 reached ¥761,934,162.14, an increase of 8.6% compared to ¥701,476,021.12 in Q1 2024[17]. - Net profit for Q1 2025 was a loss of ¥33,810,178.34, compared to a profit of ¥50,826,577.08 in Q1 2024[18]. - Operating profit for Q1 2025 was a loss of ¥30,078,404.23, down from a profit of ¥67,215,203.83 in Q1 2024[17]. - The company's total equity decreased to ¥4,668,922,499.79 in Q1 2025 from ¥4,699,031,695.31 in Q1 2024[15]. - Basic and diluted earnings per share for Q1 2025 were both -¥0.07, compared to ¥0.29 in Q1 2024[18]. Cash Flow - The net cash flow from operating activities was CNY 144.95 million, a significant recovery from -CNY 8,046.50 million in the previous year[3]. - In Q1 2025, the cash inflow from operating activities was CNY 790,053,802.93, a significant increase of 49% compared to CNY 530,126,166.70 in Q1 2024[20]. - The net cash flow from operating activities turned positive at CNY 1,449,459.10, recovering from a loss of CNY 80,464,953.10 in the same quarter last year[20]. - The company’s cash flow statement for Q1 2025 indicates ongoing financial challenges, with significant losses reported[19]. - The ending cash and cash equivalents balance decreased to CNY 1,188,903,291.84 from CNY 1,207,722,867.11, reflecting a decline of 1.5% year-over-year[21]. - The company received CNY 72,588,969.38 in tax refunds, significantly higher than CNY 61,571.52 in Q1 2024, indicating improved cash flow management[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 847,401.00 million, a 1.41% increase from CNY 835,655.97 million at the end of the previous year[4]. - Total liabilities increased to ¥3,805,087,477.12 in Q1 2025, compared to ¥3,657,528,028.71 in Q1 2024[15]. - The company's total current assets amounted to approximately CNY 3.77 billion, an increase from CNY 3.73 billion as of December 31, 2024, reflecting a growth of about 1.5%[13]. - The equity attributable to shareholders decreased by 0.40% to CNY 456,971.83 million from CNY 458,817.42 million at the end of the previous year[4]. Research and Development - R&D investment totaled CNY 5,469.71 million, representing 7.18% of operating revenue, up from 6.71% in the previous year[4]. - R&D expenses increased by CNY 7.65 million for key technology breakthroughs[6]. - Research and development expenses for Q1 2025 were ¥54,697,141.01, an increase from ¥47,047,391.14 in Q1 2024[17]. Shareholder Information - The top shareholder, Guotou (Shanghai) Venture Capital Management Co., holds 37,645,989 shares, representing 12.29% of total shares[10]. - The second-largest shareholder, Liaoning Kefa Industrial Co., Ltd., holds 14,800,000 shares, accounting for 4.83% of total shares[10]. - There are no significant changes in the shareholder structure or any related party transactions reported during the period[11]. Operating Costs - Total operating costs for Q1 2025 were ¥773,272,351.97, up 16.2% from ¥665,495,824.85 in Q1 2024[17]. - Cash outflow for purchasing goods and services was CNY 420,636,277.60, up from CNY 349,020,052.07, reflecting a 20.5% increase year-over-year[20]. - Total cash outflow for operating activities was CNY 788,604,343.83, up from CNY 610,591,119.80, representing a 29% increase year-over-year[20]. Investment Activities - The cash inflow from investment activities was CNY 10,252,868.67, a decrease of 98.9% from CNY 912,475,920.00 in Q1 2024[21]. - The net cash flow from investment activities was negative at CNY -207,057,779.30, compared to CNY -347,148,758.24 in the previous year, indicating a reduced loss[21]. - Cash inflow from financing activities was CNY 242,887,552.60, an increase of 13.4% from CNY 214,134,954.82 in Q1 2024[21]. - The net cash flow from financing activities improved to CNY 154,488,962.80, compared to CNY 94,237,960.43 in the same quarter last year, marking a 64% increase[21].