Hiroad(300915)2025-04-27 07:35Financial Performance - The company's revenue for Q1 2025 was ¥240,055,332.33, a decrease of 5.58% compared to ¥254,231,727.87 in the same period last year[5]. - Net profit attributable to shareholders was ¥7,233,601.17, down 79.89% from ¥35,970,313.09 year-on-year[5]. - Total operating revenue decreased to ¥240,055,332.33 from ¥254,231,727.87, representing a decline of approximately 5.1% year-over-year[23]. - Net profit for the period was ¥7,221,345.49, down from ¥35,970,433.73, reflecting a decrease of approximately 80% year-over-year[24]. - Basic and diluted earnings per share decreased to ¥0.0807 from ¥0.3997, a decline of about 79.8% year-over-year[25]. Cash Flow and Assets - The net cash flow from operating activities was -¥40,303,873.57, representing a decline of 205.26% compared to -¥13,202,935.93 in the previous year[5]. - The company's cash and cash equivalents decreased from CNY 312,505,495.77 to CNY 292,621,360.77, reflecting a decline of approximately 6%[19]. - The ending balance of cash and cash equivalents was CNY 292,621,360.77, up from CNY 266,004,976.07 in the previous period[27]. - The net increase in cash and cash equivalents was CNY -19,884,135.00, compared to CNY -304,685,137.89 in the previous period[27]. - The company's total assets at the end of the reporting period were ¥1,847,538,825.17, a decrease of 0.88% from ¥1,863,924,935.23 at the end of the previous year[5]. Inventory and Liabilities - Inventory increased by 43.16% to ¥165,882,433.62, primarily due to rising raw material prices during the reporting period[11]. - Trade receivables decreased from CNY 97,611,425.13 to CNY 82,579,865.82, a reduction of about 15%[19]. - Total liabilities decreased to ¥287,636,492.15 from ¥312,348,009.22, a decline of about 7.9%[21]. Operational Challenges - The gross profit margin for the company's products decreased due to rising raw material prices, particularly for fat-containing products[9]. - The company reported a significant increase in credit impairment losses by 464.76% to ¥722,423.87 due to reduced provisions for bad debts[12]. - Total operating costs increased to ¥236,198,310.04 from ¥216,547,145.86, marking an increase of about 9.1% year-over-year[23]. Strategic Initiatives - The company plans to enhance supply chain management and adjust supplier structures to stabilize raw material supply in 2025[9]. - The company aims to optimize product structure and strengthen marketing networks to enhance market competitiveness in the upcoming year[9]. Research and Development - Research and development expenses rose to ¥9,668,497.94 from ¥7,771,098.21, an increase of about 24.4% year-over-year[23]. Other Information - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[14]. - The company has not disclosed any new strategies or market expansions during the reporting period[14]. - There are no updates on new product developments or technological advancements mentioned in the conference call[14]. - The company has not provided specific future guidance or performance outlook in the current report[14]. - The company’s first quarter report was not audited[28].