AFR(300620)2025-04-23 11:45Financial Performance - The company's revenue for Q1 2025 reached ¥265,221,230.78, representing a 65.53% increase compared to ¥160,224,261.89 in the same period last year[5] - Net profit attributable to shareholders was ¥10,844,779.88, up 66.97% from ¥6,494,860.44 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥5,416,656.89, reflecting an 83.29% increase from ¥2,955,162.23 in the previous year[5] - Total operating revenue for the current period reached ¥265,221,230.78, a significant increase from ¥160,224,261.89 in the previous period, representing a growth of approximately 65.6%[24] - Net profit for the current period was ¥9,031,509.71, up from ¥6,494,860.44 in the previous period, reflecting a growth of approximately 39.5%[25] - The company reported a comprehensive income total of ¥16,100,177.60 for the current period, compared to a loss of ¥4,318,823.24 in the previous period[26] - Basic earnings per share for the current period were ¥0.0435, up from ¥0.0260 in the previous period, indicating an increase of approximately 67.3%[26] Assets and Liabilities - The company's total assets increased by 6.44% to ¥3,141,890,210.51 from ¥2,951,694,333.97 at the end of the previous year[5] - Total liabilities rose to ¥1,152,853,632.45, compared to ¥990,073,709.88 in the previous period, an increase of approximately 16.4%[23] - The company's equity attributable to shareholders increased to ¥1,954,415,823.05 from ¥1,925,186,598.91, showing a growth of about 1.5%[23] - The company's long-term borrowings increased by 52.97% to ¥248,284,843.36, primarily due to new long-term bank loans[10] - The long-term borrowings increased to ¥248,284,843.36 from ¥162,313,290.72, representing a growth of approximately 52.9%[23] Cash Flow - The net cash flow from operating activities was negative at -¥21,295,635.83, a decline of 118.55% compared to ¥114,788,343.70 in the same period last year[5] - Cash inflow from operating activities totaled 232,852,688.61 yuan, down from 257,700,656.72 yuan in the previous period, reflecting a decrease of approximately 9.7%[27] - Cash outflow from operating activities increased to 254,148,324.44 yuan, compared to 142,912,313.02 yuan in the previous period, representing an increase of about 77.5%[28] - Investment cash inflow rose sharply to 130,896,810.95 yuan from 11,111,135.93 yuan, marking an increase of approximately 1,078.5%[28] - Net cash flow from investment activities was negative at -40,801,911.46 yuan, an improvement from -111,311,910.08 yuan in the previous period[28] - Cash inflow from financing activities was 243,845,005.20 yuan, down from 291,466,352.76 yuan, a decrease of about 16.3%[28] - Net cash flow from financing activities was positive at 153,369,506.77 yuan, compared to 288,344,710.51 yuan in the previous period, indicating a decrease of approximately 46.8%[28] - The ending cash and cash equivalents balance increased to 509,649,710.28 yuan from 448,905,553.38 yuan, reflecting a growth of about 13.5%[28] - The company received 239,900,000.00 yuan in borrowings, significantly higher than 113,700,000.00 yuan in the previous period, indicating a strong reliance on debt financing[28] Research and Development - The company raised a net amount of RMB 697,054,124.51 for the lithium niobate high-speed modulator chip R&D project, with the project deadline extended to November 30, 2026[17] - The company is actively advancing the R&D of lithium niobate high-speed modulator chips and has initiated small batch production and shipment of some new products[17] - Research and development expenses for the current period were ¥38,034,885.11, compared to ¥31,477,996.82 in the previous period, reflecting an increase of approximately 20.8%[25] Market Presence and Shareholder Information - The company expanded its market presence, contributing to a 65.53% increase in revenue, driven by new customer development and the consolidation of Bai'an Industrial[10] - The total number of common shareholders at the end of the reporting period is 37,404[13] - The largest shareholder, Zhuhai Huafa Technology Industry Group Co., Ltd., holds 23.47% of shares, totaling 58,482,396 shares[13] Operational Developments - The company raised a net amount of RMB 175,314,155.53 for the Guangku Thailand LLC production base project, with the project deadline extended to March 31, 2026[19] - The company has completed the construction of the factory for the Thailand Guangku production base and is in the process of customer sample delivery and confirmation[19] Audit and Reliability - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[29]