Shanghai Liangxin Electrical (002706)2025-04-25 08:15Financial Performance - The company's revenue for Q1 2025 reached ¥1,088,564,969.86, representing a 15.53% increase compared to ¥942,217,611.81 in the same period last year[5] - Net profit attributable to shareholders was ¥103,144,063.29, up 15.15% from ¥89,573,760.54 year-on-year[5] - Basic earnings per share rose by 25.00% to ¥0.10, compared to ¥0.08 in the same period last year[5] - Total operating revenue for the current period reached ¥1,088,564,969.86, an increase of 15.5% compared to ¥942,217,611.81 in the previous period[21] - Net profit for the current period was ¥103,785,451.27, representing a 15.9% increase from ¥89,573,760.54 in the previous period[22] - Earnings per share (EPS) for the current period was ¥0.10, compared to ¥0.08 in the previous period, reflecting a 25% increase[23] - The company reported a total comprehensive income of ¥103,785,451.27 for the current period, compared to ¥89,573,760.54 in the previous period[23] Cash Flow - The net cash flow from operating activities increased by 86.94% to ¥53,888,995.15, compared to ¥28,826,543.21 in the previous year[5] - Cash inflow from operating activities totaled ¥802,638,097.74, an increase from ¥729,021,870.93 in the previous period[24] - The net cash flow from operating activities was 28,826,543.21 in the previous period[25] - Cash outflows from operating activities totaled 700,195,327.72, indicating a 6.3% increase[25] - The net cash flow from investing activities was 56,765,283.37 in the previous period[25] - Cash inflows from investing activities amounted to 431,923,441.09[25] - Cash outflows for investing activities decreased to 488,688,724.46, a reduction of 77.0%[25] - The net cash flow from financing activities was 100,600,000.00 in the previous period[25] - Total cash and cash equivalents at the end of the period reached 870,037,430.40[25] - The company received 110,000,000.00 from borrowings during the financing activities[25] - The impact of exchange rate changes on cash and cash equivalents was positive at 150,921.45 previously[25] - The company paid 600,000.00 in the previous period, indicating a decrease of 57.8%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,647,509,936.31, an increase of 2.57% from ¥5,505,921,466.47 at the end of the previous year[5] - The company's total assets reached ¥5,647,509,936.31, up from ¥5,505,921,466.47, indicating a growth of approximately 2.6%[18] - The company's total liabilities at the end of the period were ¥1,533,460,922.26, slightly up from ¥1,528,609,413.94 at the beginning of the period[19] - Total liabilities increased to ¥1,469,313,277.91 from ¥1,460,504,939.91, showing a slight increase of about 0.5%[18] - Accounts payable decreased to ¥767,400,407.39 from ¥865,025,667.36, showing a decline of about 11.3%[18] - The company’s long-term equity investments slightly increased to ¥16,851,493.31 from ¥16,590,553.84, reflecting a growth of 1.6%[18] - Total equity attributable to shareholders increased to ¥4,089,452,198.03 from ¥3,977,356,624.49, marking a growth of 2.8%[19] Operational Highlights - The company reported a significant increase in short-term borrowings by 550.08%, attributed to new loans obtained during the period[12] - The company experienced a 234.88% increase in asset impairment losses, mainly due to inventory write-downs[12] - The company received government subsidies amounting to ¥2,282,712.19, which are closely related to its normal business operations[7] - The company repurchased a total of 38,505,300 shares, accounting for 3.4284% of the total share capital as of March 31, 2025[14] - The number of ordinary shareholders at the end of the reporting period was 37,061[11] - Research and development expenses for the current period were ¥66,532,814.04, up from ¥64,486,524.59 in the previous period, indicating a focus on innovation[22] - Deferred income decreased to ¥62,850,378.69 from ¥64,721,987.01, reflecting a reduction in future revenue recognition[19] - The company signed a renewed agreement among major shareholders to maintain consistent decision-making for sustainable development[15] Inventory and Costs - The company’s inventory decreased to ¥441,249,471.69 from ¥469,355,120.33, indicating a reduction of approximately 6.0%[17] - Total operating costs amounted to ¥966,414,088.07, up 14.1% from ¥847,128,910.45 in the prior period, with operating costs specifically rising to ¥745,060,676.78 from ¥637,122,823.03[21]