Sunfar(603938)2025-04-28 09:45Financial Performance - The company's operating revenue for Q1 2025 was ¥494,367,660.58, an increase of 8.21% compared to ¥456,874,154.06 in the same period last year[4] - Net profit attributable to shareholders was ¥27,002,805.04, representing a significant increase of 157.98% from ¥10,467,003.91 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,965,614.76, up 360.13% from ¥5,208,409.22 in the previous year[4] - Basic and diluted earnings per share were both ¥0.07, reflecting a growth of 133.33% compared to ¥0.03 in the same period last year[5] - Operating profit for Q1 2025 was ¥31,785,284.76, significantly up from ¥10,800,968.80 in Q1 2024, reflecting a growth of 194.5%[18] - Net profit for Q1 2025 was ¥26,933,412.87, compared to ¥7,627,959.90 in Q1 2024, marking an increase of 253.5%[18] - The total comprehensive income for Q1 2025 is CNY 26,933,412.87, up from CNY 7,627,959.90 in Q1 2024[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,168,568,178.15, a 2.03% increase from ¥3,105,380,127.91 at the end of the previous year[5] - Total assets as of March 31, 2025, amounted to ¥3,168,568,178.15, up from ¥3,105,380,127.91 as of December 31, 2024[15] - Current assets increased to ¥1,236,683,927.75 as of March 31, 2025, from ¥1,153,891,900.94 at the end of 2024, representing a growth of 7.2%[14] - Total liabilities rose to ¥712,671,212.97 as of March 31, 2025, compared to ¥676,596,069.16 at the end of 2024, indicating an increase of 5.3%[15] Cash Flow - The net cash flow from operating activities was negative at -¥32,778,129.34, compared to -¥20,863,975.38 in the same period last year[4] - Cash inflow from operating activities for Q1 2025 is CNY 349,368,849.14, slightly down from CNY 365,051,681.91 in Q1 2024[22] - The net cash flow from operating activities for Q1 2025 is -CNY 32,778,129.34, compared to -CNY 20,863,975.38 in Q1 2024, reflecting a worsening cash flow situation[22] - Cash inflow from investment activities for Q1 2025 is CNY 101,980,397.26, down from CNY 337,342,533.07 in Q1 2024[23] - The net cash flow from investment activities for Q1 2025 is CNY 42,362,355.60, compared to CNY 178,398,889.22 in Q1 2024, indicating a decrease of 76.32%[23] - The net cash flow from financing activities for Q1 2025 is -CNY 392,033.07, compared to -CNY 31,519,226.47 in Q1 2024, showing an improvement in financing cash flow[24] - The cash and cash equivalents at the end of Q1 2025 amount to CNY 134,540,188.75, down from CNY 205,949,547.07 at the end of Q1 2024[24] Shareholder Information - The company had a total of 26,070 common shareholders at the end of the reporting period[9] - The top two shareholders, Sun Renjing and Tangshan Yuanheng Technology Co., Ltd., held 40.16% and 26.39% of the shares, respectively[9] Research and Development - The company reported a decrease in research and development expenses to ¥12,571,586.30 in Q1 2025 from ¥18,158,399.85 in Q1 2024, a reduction of 30.9%[18] Profitability Factors - The increase in net profit was primarily due to improved profitability of silane coupling agents and potassium series products[6] Other Financial Metrics - The weighted average return on equity increased to 1.11%, up by 0.67 percentage points from 0.44% year-on-year[5] - The total cost of operations for Q1 2025 was ¥461,853,621.97, up from ¥450,535,744.14 in Q1 2024, reflecting an increase of 2.9%[18] - Cash and cash equivalents increased to ¥187,442,586.89 as of March 31, 2025, from ¥158,068,862.20 at the end of 2024, a rise of 18.6%[13] - The company’s fixed assets decreased slightly to ¥1,315,816,138.25 as of March 31, 2025, from ¥1,345,106,468.51 at the end of 2024, a decline of 2.2%[14] - The company reported a decrease in cash inflow from tax refunds, which was CNY 2,169,774.72 in Q1 2025 compared to CNY 19,477,664.73 in Q1 2024[23]