祥和实业(603500) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 189,340,075.85, representing a 21.33% increase compared to CNY 156,049,009.15 in the same period last year[3]. - Net profit attributable to shareholders was CNY 35,449,543.21, a significant increase of 92.87% from CNY 18,379,812.22 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 33,645,215.80, reflecting an 89.01% increase compared to CNY 17,800,965.03 in the previous year[3]. - Basic and diluted earnings per share increased to CNY 0.11, up 120.00% from CNY 0.08 in the previous year[4]. - The company reported a 40.1% increase in investment income and government subsidies compared to the same period last year, contributing to the overall profit growth[8]. - The total comprehensive income for Q1 2025 was CNY 36.14 million, up from CNY 20.45 million in Q1 2024[19]. - The company's total profit for Q1 2025 was ¥42,406,767.49, significantly higher than ¥16,266,364.99 in Q1 2024, representing an increase of approximately 160.5%[29]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 19,454,368.25, a turnaround from a negative cash flow of CNY -31,400,945.97 in the same period last year, marking a 161.95% improvement[3]. - In Q1 2025, the company generated cash inflows from operating activities amounting to CNY 166,827,088.38, a 49.2% increase compared to CNY 111,736,625.50 in Q1 2024[20]. - The cash flow from operating activities for Q1 2025 was ¥11,849,410.89, a turnaround from a negative cash flow of ¥26,120,298.42 in Q1 2024[30]. - The company reported cash and cash equivalents of RMB 386,708,977.54 as of March 31, 2025, slightly down from RMB 392,600,461.93 on December 31, 2024[14]. - The company reported a total cash and cash equivalents balance of ¥285,197,618.05 at the end of Q1 2025, down from ¥296,392,645.96 at the beginning of the quarter[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,561,396,527.88, a 4.82% increase from CNY 1,489,650,446.67 at the end of the previous year[4]. - The company's total assets reached CNY 1.56 billion, an increase from CNY 1.49 billion in the previous year[17]. - Total liabilities increased to CNY 526.78 million in the latest reporting period, up from CNY 461.01 million[17]. - Current liabilities increased to CNY 208,243,496.92 in Q1 2025, compared to CNY 176,316,639.18 at the end of 2024, reflecting an 18.1% rise[25]. - The company's short-term borrowings increased to RMB 190,744,952.44 as of March 31, 2025, compared to RMB 130,675,982.81 on December 31, 2024, indicating a rise of approximately 46%[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,455[9]. - As of March 31, 2025, the company has repurchased a total of 7,494,447 shares, accounting for 2.18% of the total share capital, with a maximum purchase price of RMB 7.95 per share and a minimum of RMB 6.66 per share, totaling RMB 53,331,444.02 spent (excluding transaction fees)[13]. - The company has approved a share repurchase plan to reduce registered capital, indicating a strategic move to enhance shareholder value[12]. Research and Development - Research and development expenses for Q1 2025 were CNY 8.03 million, an increase of 16.9% from CNY 6.87 million in Q1 2024[18]. - The company incurred research and development expenses of ¥4,161,792.65 in Q1 2025, slightly down from ¥4,772,109.54 in Q1 2024[29].