Longtech(300916)2025-04-24 14:00Financial Performance - The company's revenue for Q1 2025 was ¥393,770,120.19, a decrease of 5.90% compared to ¥418,464,204.52 in the same period last year[5]. - Net profit attributable to shareholders was ¥30,265,428.46, down 24.85% from ¥40,274,574.65 year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥23,484,788.07, reflecting a decline of 35.01% compared to ¥36,137,546.93 in the previous year[5]. - Basic and diluted earnings per share were both ¥0.2092, down 24.86% from ¥0.2784 in the previous year[5]. - Operating profit decreased to ¥32,341,493.89 from ¥45,833,615.33, a decline of about 29.5%[28]. - Net profit fell to ¥30,227,008.00 compared to ¥40,353,596.63, representing a decrease of approximately 25.1%[28]. - Total comprehensive income amounted to ¥29,622,298.23, down from ¥37,457,299.88, indicating a decline of around 20.5%[29]. Cash Flow - Operating cash flow increased by 46.16% to ¥61,214,692.77 from ¥41,883,010.81 in the same period last year[5]. - Net cash flow from operating activities improved by 46.16% to $61.21 million[15]. - Cash flow from operating activities increased to ¥61,214,692.77 from ¥41,883,010.81, showing a growth of approximately 46.1%[32]. - Cash flow from investing activities generated a net inflow of ¥2,276,265.31, a significant improvement compared to a net outflow of ¥92,073,732.77 in the previous period[32]. - The ending balance of cash and cash equivalents increased by 17.99% to $767.25 million[15]. - Cash and cash equivalents at the end of the period stood at ¥767,250,179.61, up from ¥650,282,390.94, reflecting an increase of about 18%[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,943,694,418.13, a slight decrease of 0.24% from ¥1,948,392,726.85 at the end of the previous year[5]. - The total assets as of March 31, 2025, were CNY 1,943.69 million, slightly down from CNY 1,948.39 million at the beginning of the period[24]. - The total liabilities decreased from CNY 610.24 million to CNY 575.92 million during the same period[26]. - The company reported total equity of CNY 1,367.77 million, up from CNY 1,338.15 million at the beginning of the period[26]. Operational Highlights - The company received government subsidies amounting to ¥5,148,849.18, which significantly contributed to other income[7]. - The company reported a 401.67% increase in construction in progress, totaling ¥47,072,650.05, primarily due to ongoing projects in Thailand[11]. - The company experienced a 102.96% increase in accounts payable, reaching ¥111,519,067.39, attributed to increased payables during the reporting period[11]. - The energy storage product segment achieved revenue of CNY 172.81 million, an increase of 226.68% year-over-year, driven by customer strategy adjustments and increased market demand[22]. - The consumer electronics segment saw revenue decline to CNY 100.11 million, a drop of 61.44% year-over-year due to external macroeconomic factors[22]. Strategic Initiatives - The company is actively expanding into international markets and increasing R&D investment, which has led to a rise in expenses outpacing revenue growth[22]. - The company plans to implement a multi-profit center model to enhance internal competition and improve operational efficiency[22]. - Future strategies include optimizing production processes and expanding sales channels to enhance product competitiveness and value[22]. Research and Development - R&D expenses increased to ¥16,574,752.68 from ¥13,649,283.25, reflecting a growth of approximately 21.2% year-over-year[28]. Financial Management - The company reported a decrease in financial expenses, with interest expenses dropping to ¥390,573.47 from ¥1,354,146.42, a reduction of about 71.2%[28]. - The company experienced a significant increase in other income, rising to ¥5,259,909.74 from ¥1,443,953.57, marking an increase of approximately 264.5%[28].