Core Viewpoint - The financial report of Beijing Kaide Quartz Co., Ltd. indicates a slight increase in total assets and a decrease in net profit, highlighting potential challenges in profitability despite stable revenue growth [1][2]. Financial Data Summary Key Financial Metrics - Total assets as of March 31, 2025, amounted to CNY 1,039,332,415.62, reflecting a 2.73% increase from the previous year [1]. - Net profit attributable to shareholders decreased by 13.56% to CNY 9,976,972.59 compared to the same period last year [1]. - Operating revenue for the first quarter of 2025 was CNY 85,317,542.06, a slight increase of 0.81% year-on-year [1]. Cash Flow and Expenses - The net cash flow from operating activities was negative at CNY -2,378,574.20, showing an improvement of 81.20% compared to the previous year [1][4]. - Research and development expenses decreased by 32.21% to CNY 4,243,241.21, attributed to reduced material consumption for ongoing projects [3]. - Financial expenses saw a significant reduction of 279.86%, primarily due to decreased interest income and increased loan interest expenses from subsidiaries [3]. Balance Sheet Changes - Accounts receivable increased by 32.98% to CNY 105,422,245.96, driven by higher sales to customers [1][3]. - Short-term borrowings rose by 113.25% to CNY 38,078,806.01, reflecting increased borrowing by the parent company and its subsidiary [3]. - Tax liabilities increased by 60.99% to CNY 9,488,865.66, mainly due to higher tax obligations from subsidiaries [3]. Shareholder Structure - The total number of shares remained at 75,000,000, with a slight decrease in the proportion of unrestricted shares from 79.35% to 79.01% [4]. - The company has a diverse shareholder base, with significant holdings by various investment funds [5]. External Guarantees and Legal Matters - The company has provided guarantees for its subsidiaries, indicating a commitment to support their financial stability [7][8]. - There are no reported legal disputes or significant compliance issues affecting the company during the reporting period [8].
凯德石英: 2025年一季度报告（更正后）