万里股份(600847) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥123,804,706.09, representing a slight increase of 0.22% compared to ¥123,528,340.30 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥9,083,793.73, worsening from a loss of ¥6,854,982.89 in the previous year[4] - The basic and diluted earnings per share were both -¥0.06, compared to -¥0.04 in the same period last year[4] - Total revenue for Q1 2025 was CNY 123,804,706.09, a slight increase from CNY 123,528,340.30 in Q1 2024, representing a growth of 0.22%[29] - Net loss for Q1 2025 was CNY -9,083,793.73, compared to a net loss of CNY -6,854,982.89 in Q1 2024, reflecting a deterioration of 32.5%[30] - Total operating costs for Q1 2025 were CNY 132,765,985.27, up from CNY 128,206,264.43 in Q1 2024, indicating an increase of 3.93%[29] Assets and Liabilities - The company's total assets decreased by 2.38% to ¥605,333,134.26 from ¥620,119,188.70 at the end of the previous year[5] - Total assets decreased from CNY 620,119,188.70 in the previous period to CNY 605,333,134.26, a decline of 2.5%[26] - Total liabilities decreased from CNY 72,489,544.04 to CNY 66,787,283.33, representing a reduction of 7.4%[26] - The company's total equity attributable to shareholders decreased by 1.66% to ¥538,545,850.93 from ¥547,629,644.66 at the end of the previous year[5] - The company's total equity attributable to shareholders decreased from CNY 547,629,644.66 to CNY 538,545,850.93, a decline of 1.98%[26] Cash Flow - Cash flow from operating activities was a negative ¥30,632,282.58, an improvement from a negative ¥33,183,459.92 in the previous year[4] - The net cash flow from operating activities was -30,632,282.58, an improvement from -33,183,459.92 in the previous period[34] - Total cash inflow from operating activities amounted to 119,721,668.30, compared to 111,839,033.10 previously[34] - Cash outflow from operating activities totaled 150,353,950.88, up from 145,022,493.02 in the prior period[34] - The net cash flow from investing activities was -139,520.00, an improvement from -797,564.93 in the previous period[34] - The net increase in cash and cash equivalents was -30,771,802.58, compared to -33,981,024.85 previously[35] - The ending balance of cash and cash equivalents was 57,369,298.13, up from 31,558,347.87 in the prior period[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,059[9] - The top ten shareholders hold a total of 66.84% of the shares, with Jia Tian Xia Asset Management Co., Ltd. holding 11.55%[10] - Zhang Zhidong, a significant shareholder, holds 3.37% of the shares, participating in margin trading[12] - The company has no restrictions on the shares held by the top ten unrestricted shareholders, all of which are common shares[10] Legal and Dispute Matters - The controlling shareholder, Jia Tian Xia, received a court notice regarding a shareholder transfer dispute with Nan Fang Tong Zheng Company, which was accepted by the Shanghai Financial Court on May 18, 2023[13] - The court ruled that Nan Fang Tong Zheng Company must return a compensation amount of RMB 200 million to Jia Tian Xia within ten days of the judgment, along with a maximum penalty of RMB 300 million[14] - The company is currently involved in a legal dispute that may impact its financial position and shareholder relations[15] - The company has initiated arbitration against Liu Xi Cheng and Qiu Xiao Wei for failing to fulfill their obligation to cover the investment loss[16] - Nan Fang Tong Zheng Company has pledged 10,072,158 shares as collateral, which are part of the ongoing legal disputes[14] Investment and R&D - Research and development expenses surged by 536.01%, primarily due to increased R&D spending by subsidiaries[7] - Research and development expenses increased significantly to CNY 1,811,813.11 in Q1 2025 from CNY 284,873.24 in Q1 2024, marking a rise of 535.5%[30] - The company incurred an investment loss of RMB 127.11 million from the transfer of shares in Chongqing Te Rui Battery Materials Co., Ltd., which was acquired for RMB 255.2 million[16] - The company holds a 15.54% stake in Chongqing Te Rui Battery Materials Co., Ltd., acquired through capital increase and share transfer[16] - The company has incurred a total of RMB 127,110,000 in investment losses to be paid to Wanli Co., Ltd. as per the arbitration ruling[17] - The company has reported a total of RMB 30,000 in legal fees to be paid as part of the arbitration outcome[17] Receivables and Provisions - Accounts receivable increased by 10.46%, attributed to higher sales on credit during the first quarter[7] - Inventory levels rose by 19.42%, driven by the need to maintain higher stock levels for operations[7] - The company has confirmed a receivable loss compensation amount of RMB 191,392,940.94 from Southern Tongzheng Company as of December 31, 2022, with losses for 2023 and 2024 projected at RMB 21,550,217.00 and RMB 34,802,176.92 respectively[19][20][22] - The company has recognized a bad debt provision of RMB 76,208,517.14 against the expected recoverable cash flow from the loss compensation[22]