Sijin Intelligent Forming Machinery (003025)2025-04-25 18:50Financial Performance - The company's revenue for Q1 2025 was CNY 163,258,325.75, representing a 10.45% increase compared to CNY 147,817,644.81 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2025 was CNY 40,127,289.76, up 14.45% from CNY 35,061,921.35 in Q1 2024[3]. - Basic and diluted earnings per share increased by 13.33% to CNY 0.17, compared to CNY 0.15 in the same period last year[3]. - Total operating revenue for the current period reached ¥163,258,325.75, an increase from ¥147,817,644.81 in the previous period[19]. - Net profit for the current period was ¥40,127,289.76, compared to ¥35,061,921.35 in the previous period, reflecting a growth of approximately 16%[21]. - Earnings per share (EPS) for the current period was ¥0.17, up from ¥0.15 in the previous period[21]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 17.09% to CNY 44,439,209.09, down from CNY 53,596,850.64 in the previous year[3]. - Cash and cash equivalents increased by 116.48% to CNY 61,831,881.62, compared to CNY 28,562,214.05 in the same period last year[8]. - The net cash flow from financing activities was -287,589,176.86, an increase from 61,831,881.62, compared to $28,562,214.05 in the prior period[24]. Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 1,456,483,081.56, a 1.52% increase from CNY 1,434,724,348.25 at the end of the previous year[3]. - Total current assets rose to ¥769,922,212.12 compared to ¥746,171,264.18 at the beginning of the period, indicating an increase of about 3.4%[15]. - Total liabilities decreased to ¥239,206,105.10 from ¥257,574,661.55, indicating a reduction in financial obligations[17]. - Total equity attributable to shareholders increased to ¥1,217,276,976.46 from ¥1,177,149,686.70, showing a growth of approximately 3.4%[17]. Operational Efficiency - The net cash flow from investment activities was ¥17,744,064.69, a significant improvement from a negative cash flow of -¥25,007,393.78 in the previous period[22]. - Total operating costs increased to ¥117,883,902.01 from ¥109,250,552.23, with operating costs specifically rising from ¥91,099,688.47 to ¥100,639,157.35[20]. - The company reported a decrease in research and development expenses to ¥5,378,658.36 from ¥6,127,018.86, indicating a focus on cost management[20]. Changes in Management - The company appointed Jin Libiao as the new Deputy General Manager during the board meeting held on April 24, 2025[13]. - The board approved the nomination of Li Mengsi as a non-independent director, pending approval at the 2024 annual general meeting[12]. Other Financial Metrics - The company reported a significant increase in interest income of 134.03%, reaching CNY 2,088,607.92, compared to CNY 892,458.69 in Q1 2024[8]. - The company received tax refunds of CNY 2,939,133.18, a 379.47% increase from CNY 612,992.18 in Q1 2024[8]. - The company’s financial expenses increased by 65.21% to CNY -1,692,471.47, compared to CNY -1,024,448.15 in the previous year[8]. - Inventory decreased to ¥290,865,815.08 from ¥304,803,442.24, reflecting a decline of approximately 4.6%[15]. - Accounts payable decreased to ¥129,835,073.23 from ¥138,389,574.98, showing a reduction of about 6.4%[16]. - The company reported a significant increase in accounts receivable financing, rising to ¥65,797,951.36 from ¥50,834,324.91, which is an increase of approximately 29.4%[15]. - The company’s long-term equity investments remained stable at ¥10,000.00[16].