Financial Performance - The company's revenue for Q1 2025 was ¥179,043,313.29, representing a 1.03% increase compared to ¥177,216,289.64 in the same period last year[5] - Net profit attributable to shareholders decreased by 41.67% to ¥9,655,640.39 from ¥16,553,657.39 year-on-year[5] - The company's basic earnings per share decreased by 41.49% to ¥0.0983 from ¥0.1680 in the same period last year[5] - Total operating revenue for Q1 2025 was CNY 179,043,313.29, an increase of 1.03% compared to CNY 177,216,289.64 in the previous year[20] - Net profit for Q1 2025 was CNY 9,655,640.39, a decrease of 41.83% from CNY 16,553,657.39 in the prior year[21] - Basic and diluted earnings per share for the current period were CNY 0.0983, down from CNY 0.1680 in the previous year[22] Cash Flow and Assets - The net cash flow from operating activities improved by 42.00%, reaching -¥2,606,568.92 compared to -¥4,493,970.00 in Q1 2024[5] - The company reported a significant increase in cash flow from operating activities, indicating improved cash management[9] - Operating cash inflow for the current period was 204,836,793.80 in the previous period[23] - Net cash outflow from operating activities was -4,493,970.00 in the previous period[23] - Cash and cash equivalents decreased from 783,045,285.79 RMB to 640,166,561.39 RMB, a decline of about 18.2%[17] - Cash and cash equivalents at the end of the period totaled 835,776,481.56 in the previous period[24] Expenses and Investments - Research and development expenses rose by 42.51% to ¥8,856,390.31, reflecting increased investment in R&D projects[9] - Sales expenses increased by 45.83% to ¥8,219,267.85, driven by higher marketing and channel development costs[9] - Total operating costs for the same period were CNY 169,516,141.49, up from CNY 158,725,106.71, reflecting a year-over-year increase of 6.67%[20] - Cash outflow for purchasing fixed assets and intangible assets was 47,331,994.55 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,744[11] - Major shareholders include Xia Feng with 35.28% (34,680,000 shares) and Yan Hua with 33.89% (33,320,000 shares) of the total shares[11] - The company has a total of 70,500,000 restricted shares, with 630,000 shares released during the period[15] - There are no significant changes in the top ten shareholders or their shareholding due to margin trading activities[12] Asset and Liability Overview - Total assets increased by 2.81% to ¥1,340,788,300.73 from ¥1,304,168,721.42 at the end of the previous year[5] - Non-current assets totaled CNY 409,683,862.79, an increase from CNY 385,640,910.47 year-over-year[19] - Total liabilities decreased to CNY 199,432,216.94 from CNY 267,602,427.66, indicating a reduction of approximately 25.5%[19] - The total amount of current assets is 931,104,437.94 RMB, down from 1,018,811,898.95 RMB at the beginning of the period, representing a decrease of approximately 8.6%[17] - Accounts receivable decreased from 154,392,796.55 RMB to 144,975,307.48 RMB, a reduction of approximately 6.5%[17] - Inventory increased from 67,599,196.65 RMB to 72,007,392.52 RMB, an increase of about 6.5%[17] Future Plans and Strategic Focus - The company has plans for market expansion and new product development, although specific details were not disclosed in the provided content[16] - The company reported a decrease in accounts payable from CNY 177,876,298.13 to CNY 120,689,190.41, a reduction of approximately 32.2%[19] - Deferred tax assets remained stable at CNY 1,830,724.89, showing consistency in tax planning strategies[19] Audit and Compliance - The company did not conduct an audit for the first quarter report[25]
威马农机(301533) - 2025 Q1 - 季度财报