华贸物流(603128) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,992,490,977.67, representing a year-on-year increase of 2.82% compared to CNY 3,882,870,739.80 in the same period last year[4]. - Net profit attributable to shareholders decreased by 29.42% to CNY 117,506,373.13 from CNY 166,495,375.01 in the previous year[4]. - Basic and diluted earnings per share both fell by 30.77% to CNY 0.09 from CNY 0.13 in the same period last year[5]. - The weighted average return on equity decreased to 1.94% from 2.80% year-on-year[5]. - The net profit for Q1 2025 was CNY 123,959,859.31, a decrease of 27.7% compared to CNY 171,337,274.36 in Q1 2024[18]. - The total comprehensive income for Q1 2025 was CNY 124,238,950.02, down 27.7% from CNY 171,602,557.18 in Q1 2024[19]. - The company reported a total operating profit of CNY 153,990,032.22 for Q1 2025, down 31.6% from CNY 225,183,981.70 in Q1 2024[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,666,102,870.35, down 1.64% from CNY 10,844,120,568.12 at the end of the previous year[5]. - Cash and cash equivalents as of March 31, 2025, totaled ¥1,857,759,487.92, compared to ¥2,106,258,816.60 on December 31, 2024, a decline of 11.8%[13]. - Accounts receivable stood at ¥3,497,026,144.21 as of March 31, 2025, down from ¥3,701,764,709.94 on December 31, 2024, representing a decrease of 5.5%[13]. - Total current assets amounted to ¥7,523,334,035.68 as of March 31, 2025, compared to ¥7,706,426,595.34 on December 31, 2024, a reduction of 2.37%[13]. - Total liabilities decreased to ¥4,444,905,898.90 as of March 31, 2025, from ¥4,747,178,703.07 on December 31, 2024, reflecting a decline of 6.37%[15]. - Total assets as of March 31, 2025, were ¥10,666,102,870.35, down from ¥10,844,120,568.12 on December 31, 2024, a decrease of 1.64%[14]. - Shareholders' equity increased to ¥6,221,196,971.45 as of March 31, 2025, compared to ¥6,096,941,865.05 on December 31, 2024, an increase of 2.04%[15]. Cash Flow - The cash flow from operating activities showed a negative net amount of CNY -247,784,691.42, compared to CNY -164,869,370.53 in the same period last year[4]. - Cash inflows from operating activities in Q1 2025 totaled CNY 5,196,858,150.01, an increase of 15.5% from CNY 4,497,839,265.51 in Q1 2024[20]. - The net cash flow from operating activities for Q1 2025 was -CNY 247,784,691.42, worsening from -CNY 164,869,370.53 in Q1 2024[21]. - Cash outflows from investing activities in Q1 2025 were CNY 21,313,862.19, compared to CNY 23,279,389.26 in Q1 2024, indicating a decrease of 8.4%[21]. - The net cash flow from financing activities for Q1 2025 was CNY 13,412,628.42, a recovery from -CNY 109,801,809.12 in Q1 2024[21]. - The cash and cash equivalents at the end of Q1 2025 stood at CNY 1,816,914,656.00, up from CNY 1,595,815,141.49 at the end of Q1 2024[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,447[9]. - The largest shareholder, China Logistics Group Co., Ltd., held 45.81% of the shares, totaling 599,644,827 shares[9]. Costs and Expenses - Total operating costs for Q1 2025 were ¥3,841,630,075.27, up from ¥3,667,641,849.67 in Q1 2024, reflecting a year-over-year increase of 4.74%[17]. - Research and development expenses increased to ¥3,868,774.53 in Q1 2025, compared to ¥2,539,831.68 in Q1 2024, marking a significant rise of 52.3%[17]. - Net investment income for Q1 2025 was ¥3,345,765.80, down from ¥6,823,190.75 in Q1 2024, indicating a decrease of 51.0%[17]. - The company attributed the decline in net profit and earnings per share to increased costs in international air freight and investments in overseas warehouse operations[6][7].