Financial Performance - The company's revenue for 2024 reached ¥419,080,178.55, representing a 27.42% increase compared to ¥328,896,154.28 in 2023[23]. - The net profit attributable to shareholders for 2024 was -¥95,970,755.94, a decline from -¥56,315,589.64 in 2023[23]. - The operating cash flow for 2024 was -¥46,515,613.62, a significant decrease of 191.15% from ¥51,030,263.22 in 2023[23]. - The total assets as of the end of 2024 were ¥2,465,703,479.40, down 2.11% from ¥2,518,818,229.77 at the end of 2023[23]. - The basic earnings per share for 2024 was -¥0.22, compared to -¥0.13 in 2023[24]. - The net assets attributable to shareholders decreased by 6.83% to ¥1,951,619,806.64 at the end of 2024 from ¥2,094,705,214.65 at the end of 2023[23]. - The company reported a revenue of ¥417,131,879.18 after excluding non-main business income, which is a 27.29% increase from ¥327,711,855.84 in 2023[23]. - The diluted earnings per share for 2024 was also -¥0.22, consistent with the basic earnings per share[24]. - The company experienced a significant decline in net profit after excluding non-recurring items, which was -¥89,486,714.30 in 2024 compared to -¥66,655,612.27 in 2023[23]. - The company's financial performance indicates a challenging year with substantial losses and declining asset values, necessitating strategic adjustments moving forward[23]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of 0.3 RMB per 10 shares, totaling approximately 12,978,938.25 RMB (including tax) based on 432,631,275 shares eligible for distribution[6]. - The total amount for cash dividends and share repurchase in 2024 is approximately 32,986,697.35 RMB, including 20,007,759.10 RMB for share repurchase[6]. - The company has not proposed any stock dividends or capital reserve transfers for 2024[6]. Audit and Compliance - The company has received a standard unqualified audit report from Beijing Dehao International Accounting Firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures for providing guarantees[9]. - The company has not experienced any issues with the majority of directors being unable to ensure the authenticity, accuracy, and completeness of the annual report[9]. - The company received an "A" rating for information disclosure from the Shanghai Stock Exchange for two consecutive years, reflecting its compliance and effective investor relations management[54]. Research and Development - Research and development expenses accounted for 68.90% of operating revenue, a decrease of 3.15 percentage points[25]. - The company achieved a total R&D investment of 289 million yuan, a year-on-year increase of 21.84%, with R&D expenses accounting for 68.90% of operating revenue[51]. - The company has established a comprehensive R&D project management system to track and capitalize project expenses[102]. - The company has a robust pipeline of over 100 pending patent applications, indicating a strong focus on innovation and technology development[99]. - The company has increased its R&D personnel to 423, representing 71.94% of the total workforce, up from 358 and 70.06% in the previous period[107]. Market Position and Strategy - The EDA industry is expected to maintain a high compound growth rate due to the rapid development of the semiconductor industry and increasing complexity in chip design[37]. - The company is focusing on increasing R&D investments to accelerate the domestic replacement process in the EDA industry, supported by national policies[37]. - The company aims to provide differentiated, high-value data-driven solutions through continuous product iteration and new product development[65]. - The company is committed to expanding its global market footprint, enhancing customer support capabilities, and improving overall competitiveness[110]. - The company is exploring new strategies for market penetration and product development through its various partnerships and investments[200]. Risks and Challenges - The company faces significant competition risks due to a relatively limited EDA market size and the presence of larger competitors like Synopsys, Cadence, and Siemens EDA[126]. - The company must maintain a competitive edge through continuous innovation and timely upgrades to existing technologies, as failure to do so may result in lost market opportunities[120]. - The EDA industry is characterized by high technical content and long R&D cycles, necessitating continuous investment in product upgrades and new product development to meet changing market demands[122]. - The company faces risks related to significant increases in R&D expenses and share-based payment costs, which may lead to potential losses in certain periods[119]. Acquisitions and Partnerships - The company has completed acquisitions of several EDA firms, including Bodawave and Entasys, to strengthen its market position and expand its product offerings[113]. - The company aims to expand its market share and technical strength through strategic mergers and acquisitions, focusing on targets that have synergistic effects with existing businesses[186]. - The company has established multiple investment partnerships, including the Jiangxi XinYue Investment Partnership and Hubei Semiconductor Industry Investment Fund Management, indicating a focus on expanding its investment portfolio[200]. Future Outlook - Future outlook indicates a strong focus on new product development and technology innovation to sustain growth[196]. - The management has provided guidance for the next fiscal year, projecting a revenue growth of approximately 15%[196]. - The company plans to enhance market expansion strategies, targeting new geographical regions[196]. - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[197]. - The company is committed to improving customer satisfaction and retention through enhanced service offerings[196].

Financial Performance - The company's operating revenue for Q1 2025 was ¥421,060,236.88, a decrease of 4.87% compared to ¥442,628,552.95 in the same period last year[3]. - Net profit attributable to shareholders was ¥78,909,141.97, representing a year-on-year increase of 4.34% from ¥75,627,498.03[3]. - The net profit after deducting non-recurring gains and losses was ¥77,447,440.66, up 13.05% from ¥68,509,630.24 in the previous year[3]. - Total operating revenue for Q1 2025 was CNY 421,060,236.88, a decrease of 4.8% compared to CNY 442,628,552.95 in Q1 2024[15]. - Net profit for Q1 2025 reached CNY 78,909,141.97, an increase of 4.8% from CNY 75,627,498.03 in Q1 2024[17]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.66, up from CNY 0.63 in Q1 2024[17]. Cash Flow - The net cash flow from operating activities was -¥116,887,365.56, a significant decline compared to ¥13,448,975.41 in the same period last year, reflecting a decrease of 969.12%[3][6]. - Cash flow from operating activities for Q1 2025 was negative at CNY -116,887,365.56, compared to a positive CNY 13,448,975.41 in Q1 2024[19]. - Net cash flow from financing activities was -1,629,444.08 in the current period compared to -1,856,187.39 in the previous period, indicating a decrease of approximately 12.2%[21]. - The net increase in cash and cash equivalents was -56,738,864.53, compared to -11,657,000.52 in the previous period, showing a significant decline[21]. - The ending balance of cash and cash equivalents was 50,957,030.95, down from 71,114,763.69, reflecting a decrease of approximately 28.4%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,246,208,375.48, an increase of 3.34% from ¥3,141,392,073.85 at the end of the previous year[4]. - The total liabilities increased to RMB 519,339,351.66 from RMB 492,610,396.38, which is an increase of about 5.4%[13]. - Total liabilities as of the latest reporting period were CNY 661,757,926.66, an increase from CNY 636,294,595.31[14]. - Total equity attributable to shareholders was CNY 2,584,450,448.82, up from CNY 2,505,097,478.54[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,591[7]. - The top two shareholders held a combined 49.32% of the company's shares, with China Aviation Engine Asset Management Co., Ltd. holding 28.5% and Li Xiaoyu holding 20.82%[8]. Research and Development - R&D investment totaled ¥25,377,921.85, accounting for 6.03% of operating revenue, down from 6.09% in the previous year[4]. Other Financial Metrics - The weighted average return on net assets was 3.10%, a decrease of 0.16 percentage points compared to the previous year[3]. - The company received government subsidies amounting to ¥1,870,478.06, which are expected to have a continuous impact on profits[5]. - The cash and cash equivalents decreased to RMB 61,589,743.10 from RMB 120,506,809.77, representing a decline of about 48.9%[12]. - The accounts receivable increased to RMB 585,401,927.64 from RMB 557,875,398.03, showing an increase of approximately 4.9%[12]. - The inventory rose significantly to RMB 184,745,776.71 from RMB 125,768,034.70, indicating an increase of around 46.9%[12]. - The total non-current assets decreased to RMB 960,857,403.18 from RMB 1,546,834,887.90, reflecting a decline of approximately 37.9%[13]. - The accounts payable rose to RMB 165,870,093.66 from RMB 150,274,759.61, indicating an increase of approximately 10.4%[13]. - The company reported a significant increase in prepayments, which decreased to RMB 133,074,228.32 from RMB 142,834,379.60, a decline of about 6.0%[12]. - The impact of exchange rate changes on cash and cash equivalents was 2,706,679.87, up from 1,223,910.71, representing an increase of approximately 121.5%[21].

Financial Performance - The company's operating revenue for 2024 reached approximately CNY 3.07 billion, a year-on-year increase of 229.33% compared to CNY 931.92 million in 2023 [22]. - Net profit attributable to shareholders was CNY 100.25 million, a significant turnaround from a loss of CNY 38.43 million in the previous year, marking a year-on-year increase of 360.84% [23][25]. - The net cash flow from operating activities improved to CNY 12.82 million, a year-on-year increase of 105.75% from a negative cash flow of CNY 222.84 million in 2023 [23][25]. - Total assets increased by 13.05% year-on-year to CNY 1.77 billion, while net assets rose by 14.78% to CNY 855.23 million [25]. - Basic earnings per share turned positive at CNY 1.09, compared to a loss of CNY 0.42 in 2023 [24]. - The company reported a total revenue of 70,991.31 million RMB, with a net profit of 9,515.61 million RMB, and a gross profit of 53,458.89 million RMB [76]. - The company achieved a revenue of 3.069 billion RMB, representing a year-on-year growth of 229.33% [93]. - The net profit attributable to shareholders reached 100.25 million RMB, with a year-on-year increase of 360.84% [93]. - The net cash flow from operating activities was 12.82 million RMB, showing a year-on-year increase of 105.75% [93]. Research and Development - The company’s R&D expenditure as a percentage of operating revenue decreased to 3.10%, down from 12.34% in the previous year, reflecting a reduction of 9.24 percentage points [24]. - The company’s R&D investment amounted to CNY 9,515.61 million, representing 3.10% of operating revenue, with 267 R&D personnel making up 60.82% of total employees [34]. - The company has accumulated 153 patents and 150 software copyrights, with 30 new intellectual property rights obtained during the reporting period [66][67]. - The company launched several new IoT wireless communication products, including next-generation Cat.1, 4G, 5G, Wi-Fi Halow, and GNSS modules, integrating AI technology into its 5G AI module [66]. - The company is developing a lightweight IoT terminal software aimed at enhancing development speed and reducing costs, with a project budget of 532.00 million RMB [12]. - The company is focusing on expanding its product offerings in the smart city and environmental monitoring sectors, leveraging AI and big data technologies [10]. - The company’s R&D focus includes the development of 5G RedCap technology, which is expected to accelerate the commercialization of 5G applications starting in 2024 [62]. Market Expansion and Strategy - The increase in revenue was driven by the expansion into overseas power markets and the domestic vehicle networking market, alongside growth in IoT wireless communication module sales [25]. - The company is focusing on market expansion and product development to sustain growth momentum in the upcoming periods [25]. - The company is actively expanding its overseas market presence in Asia, the Middle East, and Europe, leading in market share in several countries, including being the top player in the Indian power market [58]. - The company plans to enhance cash flow management and improve the collection speed of accounts receivable to mitigate liquidity risks [89]. - The company plans to continue enhancing its cloud product offerings to meet customer demands in data storage and computing [25]. - The company is targeting a revenue of 316.87 million in August 2023 from its smart sensing solutions in Xi'an, with a 100% market share [2000]. - The company plans to increase investment in overseas markets, particularly in Southeast Asia, the EU, and India, to significantly boost sales volume and market share of its power wireless communication modules and "cloud-end" solutions [139]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm, Lixin Zhonglian [5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties [8]. - The company has stated that there are no violations of decision-making procedures regarding external guarantees [8]. - The company has not disclosed any special arrangements for corporate governance [9]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors [7]. - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, finance, and organization [144]. - The board of supervisors strictly adheres to the Company Law and relevant regulations, ensuring compliance and oversight of financial matters [144]. Risks and Challenges - The company has detailed various operational risks in the report, which can be found in the "Management Discussion and Analysis" section [4]. - The company faces risks related to the potential failure of R&D projects to meet market demands, which could adversely affect its operations [85]. - The company is actively addressing risks associated with global trade policy changes and potential chip shortages that could impact production and costs [86]. - The company faced risks related to declining gross margins due to increased competition and fluctuations in chip prices [90]. - The company is exposed to risks from international trade tensions that could adversely affect its business operations [92]. Investment and Financial Management - The company plans to apply for comprehensive credit lines from banks and financial institutions for the year 2024 [165]. - The company is considering the issuance of stock options and the repurchase of certain restricted stock plans as part of its incentive strategy [166]. - The company plans to adjust its comprehensive credit limit for 2024, indicating a focus on financial management and liquidity [166]. - The company has implemented a stock incentive plan, granting 492,000 shares of restricted stock to 14 incentive targets [188]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 3.67 million RMB [161]. Product Development and Innovation - The company launched several new products, including LTE Cat.1 industrial-grade wireless communication modules and 5G RedCap modules, aimed at enhancing IoT connectivity and applications [36]. - The company is working on a smart city IoT application development platform with a total investment of ¥5,070.00 million, currently investing ¥376.96 million [73]. - The company is developing a low-power logistics asset tracking terminal with a total investment of ¥1,335.46 million, currently investing ¥291.56 million [72]. - The company has integrated a modular platform for ecological environment monitoring, with a project budget of 648.00 million RMB, currently in the R&D phase [11]. - The company is focusing on creating a stable, reliable, and secure solution that covers data collection, transmission, computation, and storage, serving more government and enterprise clients [140].

Financial Performance - The company's operating revenue for 2024 was CNY 98,437,840.91, a decrease of 18.03% compared to CNY 120,087,042.73 in 2023[22]. - The net profit attributable to shareholders for 2024 was CNY 11,571,327.43, down 35.73% from CNY 18,003,159.33 in 2023[22]. - The net profit after deducting non-recurring gains and losses was CNY 6,337,593.94, a decline of 39.89% from CNY 10,543,762.65 in 2023[22]. - The net cash flow from operating activities decreased by 54.71% to CNY 15,518,145.06 from CNY 34,262,944.74 in 2023[24]. - The company's total assets at the end of 2024 were CNY 869,730,005.30, a slight increase of 0.30% from CNY 867,136,669.16 at the end of 2023[22]. - The basic earnings per share for 2024 were CNY 0.14, down 33.33% from CNY 0.21 in 2023[23]. - The company's net assets attributable to shareholders decreased by 1.91% to CNY 820,417,433.33 at the end of 2024 from CNY 836,366,334.10 at the end of 2023[22]. - The company achieved total operating revenue of CNY 35,096,112.29 in Q4, with a year-over-year decline of 18.03% for the full year, totaling CNY 98,437,800[36]. - Net profit attributable to shareholders for Q4 was CNY 6,362,841.34, while the annual net profit decreased by 35.73% to CNY 11,571,300[36]. Dividend and Capital Management - The company plans to distribute a cash dividend of 0.42 RMB per 10 shares, totaling approximately 3,473,122.80 RMB (including tax) for the 2024 fiscal year[6]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares in 2024[6]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - All board members attended the board meeting, ensuring governance compliance[5]. - The company has not reported any special arrangements in corporate governance[8]. - The financial report is guaranteed to be true, accurate, and complete by the responsible personnel[6]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The supervisory board held six meetings, effectively overseeing the company's operations and protecting shareholder rights[173]. - The company held three shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[171]. Research and Development - Research and development expenses accounted for 9.69% of operating revenue, an increase of 1.72 percentage points from 7.97% in 2023[23]. - The company holds 37 patents as of the end of the reporting period, reflecting its focus on innovation in key technologies[32]. - The total R&D investment for the year is approximately ¥9.54 million, a slight decrease of 0.31% compared to the previous year[72]. - The company has applied for 7 new software copyrights during the reporting period, bringing the total to 70[71]. - The company has established a strong competitive position in the power distribution network information security industry through independent innovation[70]. - The company has made significant progress in its core technology reserves, including industrial safety communication and industrial data security management[70]. Market and Industry Position - The company focuses on the development, production, and sales of intelligent security devices and information security cloud platforms, primarily serving the electric power distribution network sector[37]. - The company has established a core competitive advantage in the electric power distribution network information security sector, leveraging industrial safety communication and data security management technologies[54]. - The company is positioned to benefit from the increasing emphasis on information security in the context of global digitalization and the evolving landscape of industrial information security[51]. - The company is actively expanding its customer base and market share by improving product performance and launching innovative products that meet customer needs[55]. - The company is exploring expansion into non-electric sectors, but faces challenges due to limited experience and resource allocation in these new areas[105]. Risks and Challenges - The company faces risks of significant revenue decline or losses if major clients are lost or if new product and business development does not meet expectations[97]. - The company is heavily reliant on the electric power sector, with major clients being State Grid and Southern Power Grid, making it vulnerable to changes in national electricity policies and investment plans[106]. - The company has a high proportion of accounts receivable, which poses a risk of bad debts if clients face financial difficulties or if external funding conditions tighten[110]. - The company operates in a rapidly evolving industry, and failure to innovate or keep pace with technological advancements may weaken its competitive position[99]. - The company faces risks related to macroeconomic changes that could impact its supply chain and sales[116]. Strategic Initiatives - The company aims to enhance the power industry’s network and information security management requirements through its projects[74]. - The company is committed to meeting industry-leading standards in its product developments, particularly in power metering and security[74]. - The marketing strategy includes strengthening nationwide sales service networks and expanding into other industries while maintaining a focus on the power distribution network sector[163]. - The company plans to implement cost-cutting measures that could save approximately 50 million yuan annually[185]. - The company is investing 100 million yuan in R&D for new technologies aimed at enhancing product offerings[185]. Human Resources and Management - The company has established a comprehensive compensation incentive policy, including performance bonuses and equity incentives, based on its development stage and strategic planning[200]. - Talent development is prioritized, with a focus on creating an effective human resource management system to attract and retain skilled personnel[165]. - The company employs a total of 103 staff members, with 30 in R&D and 26 in technical support[198]. - The educational background of employees includes 1 PhD, 6 Master's degrees, and 60 Bachelor's degrees[199]. Shareholder and Director Information - The total number of shares held by directors, supervisors, and senior management at the end of the reporting period remained unchanged at 36,341,627 shares[180]. - The total pre-tax remuneration for all directors, supervisors, and senior management combined was 2,914,900 RMB[180]. - The total pre-tax remuneration for core technical personnel at the end of the reporting period was 1.1716 million RMB[188]. - The company has maintained a stable management structure with no new appointments or resignations reported during the period[180].

Financial Performance - The company reported a net loss of 157.1553 million yuan for the year, with cumulative unallocated losses exceeding 916.3823 million yuan as of December 31, 2024[11][12]. - The company's operating revenue for 2024 was CNY 137,319.30 million, a decrease of 27.21% compared to CNY 188,646.63 million in 2023[36]. - The net profit attributable to shareholders for 2024 was CNY -15,715.53 million, compared to CNY -4,744.80 million in 2023[36]. - The net cash flow from operating activities for 2024 was CNY 1,140.93 million, a significant improvement from CNY -22,441.51 million in 2023[36]. - The company's total assets increased by 8.98% to CNY 363,956.86 million at the end of 2024, up from CNY 333,961.16 million at the end of 2023[36]. - The company's weighted average return on equity for 2024 was -9.21%, compared to -2.67% in 2023[37]. - The net assets attributable to shareholders decreased by 10.38% to CNY 161,231.62 million at the end of 2024, down from CNY 179,914.44 million at the end of 2023[36]. - The company reported a significant decrease in investment income, with a loss of 15.85 million RMB from long-term equity investments, representing 11.28% of total profit[189]. Revenue and Sales Growth - The company reported a significant increase in revenue, achieving a total of $X million for the quarter, representing a Y% year-over-year growth[21]. - The company's robot business sales grew by over 30% year-on-year, significantly outpacing the average market growth of 3.9% in China[36]. - The sales volume of desktop and SCARA robots increased by 221.96% year-on-year, with production volume rising by 230.45%[175]. - The company has developed over 80 lighthouse customers, including major clients like BYD and Mercedes, establishing a solid customer base for future growth[77]. - The company achieved operating revenue of 1,373.19 million RMB, a year-on-year decrease of 27.21%, with operating costs of 1,136.94 million RMB, down 27.59%[170]. Research and Development - The company plans to increase R&D investment and improve operational quality to enhance competitiveness and achieve high growth in the future[9]. - Research and development expenses accounted for 9.72% of operating revenue in 2024, an increase of 4.84 percentage points from 4.88% in 2023[37]. - The total R&D investment for 2024 reached 133.41 million yuan, a significant increase of 44.78% compared to the previous year[122]. - The company applied for 23 invention patents, 12 utility model patents, and 4 design patents in 2024, while obtaining 44 invention patents and 9 utility model patents[119]. - The company has developed key core technologies, including the first domestically produced heavy-duty 165 kg robot, and holds 431 patents (including 119 invention patents) and 121 software copyrights as of the reporting period[134]. Product Development and Innovation - New product launches in 2024 included a series of heavy-load robots, SCARA robots, spraying robots, and explosion-proof robots, enhancing the product portfolio's width and density[7]. - The company is investing in R&D, allocating $F million towards the development of new technologies and automation solutions[21]. - The company has launched a new generation of SCARA products, which are competitive with international mainstream products, and introduced multiple models in the heavy-duty desktop and SCARA series[116]. - The company has completed the development of five high-speed and high-precision welding robots, achieving broad adaptability in intelligent welding applications[126]. - The company has developed a standardized spraying robot workstation under the RaaS model, aimed at reducing production costs in the furniture industry[119]. Market Expansion and Strategy - The company aims to expand its international market presence by focusing on German clients and aerospace business while scaling back operations in India and France[8]. - Market expansion efforts are underway, with plans to enter the G market by Q3 2024, targeting a market share of H%[21]. - The company plans to build a super factory in Wuhu, aiming for a production capacity of 100,000 robots over the next 5-6 years to meet market demand[88]. - The company is focusing on strategic adjustments to enhance its core business capabilities, particularly in the robotics sector, by improving resource utilization and efficiency[48]. - The company is actively promoting the establishment of industry standards and norms to enhance market recognition and reduce disorderly competition[48]. Financial Risks and Challenges - The cumulative unabsorbed losses have exceeded one-third of the paid-in capital, which may hinder future profit distribution and negatively impact shareholder returns[145]. - The company faces risks from geopolitical factors affecting overseas subsidiaries, particularly in Europe and South Asia, which could impact operational performance[146][150]. - The company is exposed to raw material supply chain risks, particularly for core components and electronic parts necessary for its robot products[154]. - The company experienced a foreign exchange loss of 8.1153 million yuan in 2024, compared to a loss of 5.5124 million yuan in 2023, highlighting exposure to currency fluctuations[151]. - Rising labor costs due to increased demand for skilled personnel may adversely affect the company's profitability[156]. Operational Management - The company is focusing on enhancing operational management capabilities, with improvements in supply delivery rates and inventory turnover rates[6]. - The company aims to enhance product quality, optimize operational management, and improve on-time delivery rates to mitigate business risks[89]. - The company maintains a "make-to-order" production model for customized industrial robots, ensuring quality control and timely delivery[95]. - The company is committed to continuous improvement and customer-centric strategies to achieve commercial success[89]. - The company is enhancing its internal organizational structure and capability building to strengthen product application empowerment for partners and end customers[50].

Financial 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]

埃夫特智能机器人股份有限公司2025 年第一季度报告 证券代码：688165 证券简称：埃夫特 埃夫特智能机器人股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人游玮、主管会计工作负责人康斌及会计机构负责人（会计主管人员）汪洋保证季度报 告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 主要会计数据和财务指标 1 / 12 单位：万元 币种：人民币 项目 本报告期 上年同期 本报告期比上年同期 增减变动幅度(%) 营业收入 25,228.09 33,506.07 -24.71 归属于上市公司股东的净利润 -6,735.75 -1,937.64 不适用 归属于上市公司股东的扣除非经常 性损益的净利润 -7,009.58 -3,657.28 不适用 经营活动产生的现金流量净额 ...

Financial Performance - The company's operating revenue for 2024 was CNY 30,341.47 million, a slight increase of 0.64% compared to CNY 30,148.71 million in 2023[24]. - The net profit attributable to shareholders for 2024 was CNY -4,474.01 million, representing a significant decrease of 241.95% from CNY 3,151.87 million in 2023[24]. - The net cash flow from operating activities increased dramatically to CNY 8,936.20 million, up 2,434.71% from CNY 352.55 million in 2023[24]. - The basic earnings per share for 2024 was CNY -0.11, a decrease of 237.5% from CNY 0.08 in 2023[25]. - The weighted average return on equity decreased to -3.07% in 2024, down 5.19 percentage points from 2.12% in 2023[25]. - The company achieved operating revenue of 303.41 million yuan, a year-on-year increase of 0.64%[148]. - The net profit attributable to shareholders was -44.74 million yuan, a year-on-year decrease of 241.95%[148]. - Operating costs increased by 37.16% to 120.61 million yuan compared to the previous year[149]. - Research and development expenses rose by 10.84% to 49.36 million yuan, reflecting an expansion of the R&D team[149]. - The gross margin for the main business decreased by 10.7 percentage points to 60.12%[152]. Research and Development - Research and development expenses accounted for 28.34% of operating revenue in 2024, an increase of 4.94 percentage points from 23.4% in 2023[25]. - The company invested 85.99 million yuan in R&D in 2024, with 28 national patents filed and 2 new veterinary drug registration certificates obtained[36]. - The company has established five major technology platforms: inactivated vaccine technology, synthetic peptide vaccine technology, virus-like particle vaccine technology, nucleic acid (mRNA) technology, and in vitro diagnostic technology[113]. - The company has increased R&D investment, with total R&D expenditures reaching ¥85,992,438.63, a 21.88% increase from the previous year, and R&D expenditures as a percentage of revenue rising to 28.34%[105]. - The company has applied for 28 new patents this year, including 8 invention patents, bringing the total number of patents to 146, with 85 granted[103]. - The company is focusing its R&D resources on key projects to enhance its competitive edge in disease prevention products[185]. - The company is actively working on new product launches and market expansion, but market promotion of new products has been affected by a complex market environment[136]. Product Development and Innovation - The company has developed proprietary technologies such as i-Molsta for vaccine antigen stabilization and i-Nada for efficient vaccine adjuvant technology, showcasing innovation in product development[14]. - The company is advancing the development of new vaccine projects, including circular RNA vaccines and genetically engineered subunit vaccines, to enhance its competitive edge in the market[26]. - The company is focusing on the development of multivalent vaccines and gene-engineered vaccines to reduce the number of vaccinations required for immunized animals, thereby alleviating the burden on farmers[84]. - The company has established a virus-like particle (VLP) vaccine technology platform that supports the development of multi-valent vaccines, having completed rapid construction and scale-up production technology for major categories of VLPs, including foot-and-mouth disease virus and rotavirus[96]. - The mRNA vaccine technology platform has made key progress, with the completion of core technology platforms for mRNA design and production, enabling the company to produce core raw materials independently, which is crucial for efficient vaccine development and cost control[98]. - The company is actively researching and developing new adjuvants, particularly water-based adjuvants, to enhance vaccine efficacy and safety[86]. - The company has successfully developed and optimized the process for the inactivated vaccine for bovine nodular dermatitis, which shows improved immunization effects[92]. Market and Sales Strategy - The company is focusing on large-scale breeding groups and provincial pig farms to enhance brand influence and product recognition[60]. - The company is enhancing its marketing system to focus on large-scale breeding groups, integrating marketing, R&D, and service functions to improve customer satisfaction[42]. - The company is actively expanding into the pet market, developing high-quality biological products to meet increasing demand[66]. - The company is implementing a "three-step overseas expansion model" targeting Southeast Asia, Central Asia, South America, and Africa to meet the demand for animal vaccines[46]. - The company is expanding its ruminant vaccine portfolio, with key breakthroughs in the development of vaccines for bovine viral diarrhea and ovine cysticercosis[38]. - The company is actively expanding its overseas market by leveraging advanced biopharmaceutical technology platforms and capital operation tools, focusing on human innovative drugs[46]. Governance and Compliance - The company has a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of its financial statements[6]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties, reflecting good governance practices[9]. - The company has strict compliance with GMP regulations, but potential risks exist regarding the renewal of necessary production licenses and permits[137]. - The company maintains a controllable biosecurity risk status, having passed the biosecurity level three acceptance, but must adhere to strict management to avoid potential biosecurity hazards[138]. - The company is committed to environmental protection but faces risks related to stricter national environmental standards that could impact its operations and reputation[140]. Risks and Challenges - The company has identified significant risk factors in its management discussion, which investors are advised to review carefully[5]. - The company is facing risks of significant performance decline due to intensified competition in the animal health industry, leading to decreased product prices and increased operational costs[132]. - The company faces risks related to accounts receivable collection due to reliance on government procurement and market sales[142]. - The company is at risk of losing tax benefits if it fails to maintain its status as a high-tech enterprise, which currently allows a reduced corporate income tax rate of 15%[143].

Financial Performance - The company's revenue for Q1 2025 reached ¥606,125,018.69, representing a 20.05% increase compared to ¥504,874,103.59 in the same period last year[6] - Net profit attributable to shareholders was ¥62,384,400.02, a significant increase of 272.28% from ¥16,757,351.46 year-on-year[6] - The basic earnings per share rose to ¥0.30, reflecting a 275.00% increase compared to ¥0.08 in the previous year[6] - Total operating revenue for Q1 2025 reached ¥606,125,018.69, an increase of 19.99% compared to ¥504,874,103.59 in Q1 2024[24] - Net profit for Q1 2025 was ¥61,178,293.66, a significant increase from ¥16,536,169.84 in Q1 2024, representing a growth of 269.36%[25] - Operating profit for Q1 2025 was ¥74,892,596.81, compared to ¥16,593,800.36 in Q1 2024, marking a growth of 351.36%[25] - The total comprehensive income for Q1 2025 was ¥61,378,679.20, compared to ¥16,883,201.98 in Q1 2024, showing a substantial increase[25] Cash Flow - The net cash flow from operating activities was negative at -¥32,501,676.43, a decline of 214.74% compared to a positive cash flow of ¥28,325,486.01 in the previous year[6] - Cash inflow from operating activities for Q1 2025 was CNY 581,435,370.72, up from CNY 474,799,584.50 in Q1 2024, indicating a growth of 22.4%[26] - The company reported a total cash outflow from operating activities of CNY 613,937,047.15 in Q1 2025, compared to CNY 446,474,098.49 in Q1 2024, which is an increase of 37.5%[26] - Net cash flow from investing activities for Q1 2025 was CNY 63,037,040.70, a significant recovery from negative CNY 119,512,265.14 in Q1 2024[27] - Cash inflow from financing activities for Q1 2025 was CNY 291,805,529.86, compared to CNY 165,645,972.06 in Q1 2024, reflecting a growth of 76.1%[27] - Net cash flow from financing activities for Q1 2025 was CNY 154,932,904.10, up from CNY 59,978,595.17 in Q1 2024, indicating a 158.5% increase[27] Assets and Liabilities - Total assets increased to ¥5,713,528,895.22, up 3.79% from ¥5,504,945,895.27 at the end of the previous year[7] - Total liabilities rose to ¥2,740,169,269.08, compared to ¥2,600,690,964.34 in the previous period, reflecting an increase of 5.36%[22] - Shareholders' equity attributable to shareholders rose to ¥2,948,187,946.51, an increase of 2.44% from ¥2,877,877,144.94 at the end of the previous year[7] - The company's equity attributable to shareholders reached ¥2,948,187,946.51, up from ¥2,877,877,144.94, indicating a growth of 2.45%[22] Research and Development - Research and development expenses totaled ¥53,713,674.32, accounting for 8.86% of revenue, down from 10.62% in the same period last year[7] - Research and development expenses for Q1 2025 were ¥53,713,674.32, slightly up from ¥53,593,858.98 in Q1 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,516[12] - The company approved a stock incentive plan to grant 3,000,000 restricted shares, representing 1.42% of the total share capital, with an initial grant of 2,400,000 shares at a price of RMB 21.62 per share[16][17] Other Financial Metrics - The company reported accounts receivable of RMB 596,903,010.64, an increase from RMB 522,072,402.52, showing a growth of approximately 14.26%[20] - The company’s trading financial assets decreased to RMB 300,150,068.49 from RMB 449,150,068.49, a decline of about 33.24%[20] - The company’s other receivables stood at RMB 28,438,140.36, slightly down from RMB 30,565,123.45, indicating a decrease of approximately 7.00%[20] - The company’s prepayments increased to RMB 16,958,773.48 from RMB 13,183,434.60, reflecting a growth of about 28.00%[20] - The company’s contract assets rose to RMB 43,226,751.19 from RMB 38,101,088.08, marking an increase of approximately 13.00%[20] Governance - The board of directors was restructured, reducing the number of members from 9 to 7, enhancing governance structure and strategic alignment[15] - The company did not apply new accounting standards for the year 2025[28] - The board of directors announced the financial results on April 30, 2025[29]

Financial Performance - The company's operating revenue for Q1 2025 was ¥528,146,308.54, representing a 60.42% increase compared to ¥329,235,593.08 in the same period last year[4]. - The net profit attributable to shareholders was -¥113,407,581.30, an improvement from -¥209,131,930.45 year-on-year[4]. - The net cash flow from operating activities was ¥24,818,625.83, a significant recovery from -¥41,650,213.82 in the previous year[4]. - Total revenue for Q1 2025 reached ¥528,146,308.54, a significant increase of 60.4% compared to ¥329,235,593.08 in Q1 2024[19]. - Net loss for Q1 2025 was ¥115,082,483.63, compared to a net loss of ¥209,713,389.43 in Q1 2024, indicating an improvement[20]. - The company reported a net loss attributable to the parent company of ¥117,410,601.87 for the current period, compared to a loss of ¥218,900,307.69 in the previous period, reflecting a reduction in losses by about 46.3%[21]. - The total comprehensive income for the period was -¥119,085,504.20, compared to -¥219,481,766.67 in the previous period, showing an improvement of about 45.6%[21]. Research and Development - Research and development expenses totaled ¥190,780,031.18, up 36.18% from ¥140,095,881.26, accounting for 36.12% of operating revenue[5]. - R&D expenses in Q1 2025 amounted to ¥190,780,031.18, an increase of 36.1% from ¥140,095,881.26 in Q1 2024[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,068,365,195.55, a decrease of 3.23% from ¥4,204,325,263.41 at the end of the previous year[5]. - Total liabilities decreased to ¥2,046,163,590.08 as of March 31, 2025, from ¥2,080,966,813.32 as of December 31, 2024[17]. - The company’s total equity decreased to ¥2,022,201,605.47 as of March 31, 2025, from ¥2,123,358,450.09 as of December 31, 2024[17]. Cash Flow - The net cash flow from operating activities for Q1 2025 was ¥24,818,625.83, a significant improvement compared to a net outflow of ¥41,650,213.82 in Q1 2024[24]. - Total cash inflow from operating activities reached ¥625,617,559.74 in Q1 2025, up from ¥360,016,540.58 in the same period last year, indicating a growth of approximately 73.8%[25]. - The company incurred a net cash outflow from investing activities of ¥193,816,664.06 in Q1 2025, compared to a larger outflow of ¥225,192,449.27 in Q1 2024, indicating a decrease in investment expenditures[25]. - Cash inflow from financing activities was ¥534,950,000.00 in Q1 2025, compared to ¥259,993,343.50 in Q1 2024, marking an increase of approximately 105.5%[26]. - The company paid ¥532,420,458.00 in debt repayments during Q1 2025, which is significantly higher than the ¥154,993,343.50 paid in Q1 2024[26]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 12,108[10]. - JoulWatt Technology Inc. Limited holds 30.18% of shares, totaling 134,857,188 shares[10]. - Hubble Technology Venture Capital Co., Ltd. holds 3.03% of shares, totaling 13,543,308 shares[11]. - The top 10 shareholders did not participate in margin trading or stock lending activities[12]. - The company plans to issue H shares and list on the Hong Kong Stock Exchange to enhance international strategy and financing capabilities[13]. Cash and Equivalents - The company reported a decrease in cash and cash equivalents to ¥1,014,340,671.94 as of March 31, 2025, from ¥1,194,198,108.57 as of December 31, 2024[15]. - Cash and cash equivalents at the end of Q1 2025 stood at ¥994,340,671.94, down from ¥1,620,258,824.27 at the end of Q1 2024, representing a decrease of approximately 38.5%[26]. - The company received ¥10,070,001.57 in tax refunds during Q1 2025, a notable increase from ¥677.48 in Q1 2024[25].