AA Belt(SH:603580) Zheng Quan Zhi Xing·2025-04-30 00:36Revenue and Profit - The company reported total revenue of 47.64 million yuan in Q1 2025, representing a year-on-year increase of 30.18% [2] - The net profit attributable to shareholders reached 5.41 million yuan, a significant year-on-year growth of 338.97%, while the net profit excluding non-recurring items was 5.41 million yuan, showing a remarkable increase of 693.73% [2] Profitability - Despite the growth in revenue and profit, the gross margin decreased to 37.24%, down 5.58% year-on-year [3] - The net profit margin, however, increased significantly to 10.51%, reflecting a year-on-year growth of 450.55%, indicating effective cost control [3] Costs and Expenses - Total selling, administrative, and financial expenses amounted to 8.88 million yuan, with the proportion of these expenses to revenue decreasing from 35.87% in the previous year to 18.64%, a year-on-year decline of 48.03% [4] Asset and Liability Situation - As of the end of the reporting period, the company's cash and cash equivalents were 44.75 million yuan, a 14.00% increase year-on-year; accounts receivable stood at 53.29 million yuan, up 17.82% year-on-year; interest-bearing liabilities were 22.57 million yuan, reflecting a year-on-year increase of 17.52% [5] Per Share Indicators - The net asset per share was 3.25 yuan, a decrease of 3.54% year-on-year; operating cash flow per share was 0.03 yuan, down 68.14% year-on-year; earnings per share were 0.04 yuan, showing a year-on-year increase of 340.43% [6] Summary - Overall, the company demonstrated strong performance in Q1 2025 with significant growth in revenue and profit, particularly in net profit and net profit excluding non-recurring items. However, the decline in gross margin, reduction in operating cash flow per share, and increase in accounts receivable warrant ongoing attention from investors [7]