晨光新材第一季同比盈转亏，40岁副总梁秋鸿年薪143万全司最高、系董事长女婿

Core Viewpoint - Morning Light New Materials (晨光新材) reported a significant decline in both revenue and net profit for Q1 2025, indicating financial challenges faced by the company [1][2]. Financial Performance - The company's revenue for Q1 2025 was 233 million RMB, a decrease of 15.09% compared to the same period last year [1]. - The net profit attributable to shareholders was -4.73 million RMB, representing a decline of 118.44% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was -11.79 million RMB, down 177.75% from the previous year [1]. - Basic earnings per share were -0.02 RMB, a drop of 125% compared to the same period last year [1]. Profitability Metrics - The gross margin for the company was 13.18%, down 1.64% year-on-year and 3.01% quarter-on-quarter [2]. - The net profit margin was -2.04%, a decrease of 11.39% compared to the same period last year and down 0.38% from the previous quarter [2]. Expense Analysis - Total operating expenses for Q1 2025 were 35.16 million RMB, an increase of 12.61 million RMB compared to the same period last year [2]. - The expense ratio was 15.12%, up 6.89% year-on-year [2]. - Sales expenses increased by 18.89%, management expenses rose by 16.67%, R&D expenses grew by 5.12%, and financial expenses surged by 98.03% [2]. Company Background - Morning Light New Materials was established on September 29, 2006, and went public on August 4, 2020 [5]. - The company specializes in the research, production, and sales of functional silane basic raw materials, intermediates, and finished products [5].