Revenue and Profit - The company achieved total operating revenue of 261 million yuan in Q1 2025, representing a year-on-year increase of 42.15% [1] - The net profit attributable to the parent company reached 20.37 million yuan, up 59.49% year-on-year, while the net profit excluding non-recurring items was 18.56 million yuan, increasing by 63.85% [1] Profitability - Despite significant growth in revenue and profit, the gross margin was 27.72%, a decrease of 8.39% year-on-year [2] - The net profit margin improved to 7.8%, reflecting a year-on-year increase of 12.2% [2] - Total operating expenses (selling, administrative, and financial expenses) amounted to 31.73 million yuan, accounting for 12.15% of revenue, a decrease of 22.3% compared to the same period last year [2] - Earnings per share were 0.21 yuan, up 61.54% year-on-year [2] Assets and Liabilities - As of the end of the reporting period, the company's cash and cash equivalents stood at 219 million yuan, a decrease of 60.42% year-on-year [3] - Accounts receivable amounted to 395 million yuan, an increase of 28.92% year-on-year, representing 477.69% of the latest annual net profit [3] - Interest-bearing liabilities were 460 million yuan, down 30.38% year-on-year [3] Cash Flow - The operating cash flow per share was -0.26 yuan, a decrease of 128.97% year-on-year, indicating that cash outflows from operating activities exceeded inflows [4] Business Model and Financing - Since its listing, the company has raised a total of 629 million yuan in financing and distributed a total of 22.71 million yuan in dividends, resulting in a dividend-to-financing ratio of 0.04 [5]
安培龙：2025年一季度业绩增长显著但需关注现金流与应收账款