Financial Performance - The company's revenue for Q1 2025 was CNY 155,667,231.84, representing an increase of 11.86% compared to CNY 139,163,637.74 in the same period last year[4] - Net profit attributable to shareholders decreased by 62.68% to CNY 21,881,762.52 from CNY 58,627,178.26 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 42.76% to CNY 20,407,964.66 compared to CNY 35,654,881.90 in the previous year[4] - The basic and diluted earnings per share decreased by 70.00% to CNY 0.03 from CNY 0.10 in the same period last year[4] - The weighted average return on equity decreased to 0.78% from 3.23%, a decline of 2.45 percentage points[4] - Total operating revenue for Q1 2025 reached ¥155,667,231.84, an increase of 11.5% compared to ¥139,163,637.74 in Q1 2024[18] - Net profit for Q1 2025 was ¥22,176,000.45, a decrease of 62.7% from ¥59,362,314.51 in Q1 2024[19] Research and Development - The total R&D investment reached CNY 49,679,252.23, an increase of 40.16% from CNY 35,443,593.09 in the previous year, accounting for 31.91% of total revenue[5] - Research and development expenses increased to ¥49,679,252.23 in Q1 2025, compared to ¥35,443,593.09 in Q1 2024, reflecting a growth of 40.2%[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -158,271,051.37, compared to CNY -46,144,539.11 in the previous year, indicating increased cash outflows due to order growth and inventory buildup[7] - Cash inflow from operating activities totaled ¥93,037,131.53 in Q1 2025, a decrease of 39.3% from ¥153,425,226.06 in Q1 2024[22] - The net cash flow from operating activities was -158,271,051.37, compared to -46,144,539.11 in the previous period, indicating a significant decline[23] - The total cash and cash equivalents at the end of the period were 955,946,228.12, down from 1,006,279,793.38 at the beginning of the period[24] - The company experienced a net decrease in cash and cash equivalents of -50,333,565.26, contrasting with an increase of 1,413,304,975.67 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,673,218,856.83, a slight increase of 0.10% from CNY 3,669,593,588.18 at the end of the previous year[5] - Current assets decreased to CNY 2,885,887,958.40 from CNY 2,910,563,246.04, primarily due to a reduction in cash and cash equivalents[14] - Accounts receivable increased to CNY 1,105,286,562.83 from CNY 1,028,579,482.10, indicating a growth of approximately 7.5%[13] - Inventory rose to CNY 530,546,748.09 from CNY 473,948,258.54, reflecting an increase of about 11.9%[14] - Non-current assets totaled CNY 787,330,898.43, up from CNY 759,030,342.14, marking an increase of approximately 3.7%[14] - Total liabilities as of the end of the reporting period were ¥816,061,474.93, slightly down from ¥839,839,462.98 in the previous period[16] - Non-current liabilities decreased to ¥184,930,203.21 from ¥261,121,783.48, indicating a reduction of 29.1%[16] Shareholder Information - Shareholders' equity attributable to the parent company increased by 0.96% to CNY 2,836,475,224.99 from CNY 2,809,366,206.22 at the end of the previous year[5] - The top shareholder, China Zhinhua Electronics Group Co., Ltd., holds 44.84% of the shares, followed by Huada Semiconductor Co., Ltd. with 18.17%[10] - The company has no significant changes in the participation of major shareholders in margin financing and securities lending activities[11] Government Support and Other Information - The company received government subsidies amounting to CNY 1,204,500.00, which contributed to the non-recurring gains[6] - The company is focused on expanding its market presence and developing new technologies, although specific details were not disclosed in the call[11] - There were no significant reminders or additional important information regarding the company's operational performance during the reporting period[11]
成都华微(688709) - 2025 Q1 - 季度财报