Hangcha (603298)2025-04-21 09:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 4,506,320,432.98, representing an increase of 8.02% compared to CNY 4,171,783,078.92 in the same period last year[5]. - Net profit attributable to shareholders was CNY 436,222,652.56, up 15.18% from CNY 378,735,768.17 year-on-year[5]. - Basic earnings per share increased to CNY 0.33, reflecting a growth of 13.79% compared to CNY 0.29 in the previous year[5]. - Total operating revenue for Q1 2025 reached ¥4,506,320,432.98, an increase of 8.0% compared to ¥4,171,783,078.92 in Q1 2024[19]. - Operating profit for Q1 2025 was ¥495,314,810.14, a slight increase from ¥472,136,302.21 in Q1 2024[19]. - The net profit for Q1 2025 was CNY 451,743,267.96, an increase of 12.3% compared to CNY 402,122,665.19 in Q1 2024[20]. - The total comprehensive income for Q1 2025 was CNY 437,806,302.29, up from CNY 383,124,785.17 in Q1 2024, reflecting a growth of 14.3%[20]. - Revenue from sales of goods and services in Q1 2025 was CNY 2,982,314,552.77, an increase of 5.8% from CNY 2,817,832,430.40 in Q1 2024[22]. - The basic and diluted earnings per share for Q1 2025 were both CNY 0.33, up from CNY 0.29 in Q1 2024, indicating an increase of 13.8%[20]. Assets and Liabilities - The total assets at the end of the reporting period reached CNY 17,386,180,265.78, a rise of 6.26% from CNY 16,362,547,960.72 at the end of the previous year[6]. - Current assets as of March 31, 2025, totaled ¥11,333,341,660.63, an increase of 9.9% from ¥10,311,296,409.68 on December 31, 2024[14]. - Total liabilities increased to ¥6,083,817,376.56 as of March 31, 2025, from ¥5,476,919,337.16 at the end of 2024[16]. - Shareholders' equity as of March 31, 2025, was ¥11,302,362,889.22, up from ¥10,885,628,623.56 at the end of 2024[16]. Cash Flow - The net cash flow from operating activities decreased by 36.62% to CNY 217,504,305.31, primarily due to increased inventory for expanded overseas sales[5][10]. - Operating cash flow for Q1 2025 was CNY 217,504,305.31, a decrease of 36.7% from CNY 343,175,570.20 in Q1 2024[22]. - The net cash flow from investing activities for Q1 2025 was CNY -56,086,016.45, an improvement from CNY -110,013,649.18 in Q1 2024[23]. - The net cash flow from financing activities for Q1 2025 was CNY -56,999,896.16, compared to CNY -48,041,708.60 in Q1 2024, indicating a worsening of 18.8%[23]. Inventory and Expenses - Total operating costs for Q1 2025 were ¥4,100,011,437.47, up 8.4% from ¥3,781,415,630.66 in Q1 2024[19]. - Inventory as of March 31, 2025, was ¥2,767,870,617.70, an increase of 20.0% from ¥2,306,224,031.16 on December 31, 2024[14]. - Research and development expenses for Q1 2025 were ¥199,674,879.14, slightly down from ¥203,466,604.81 in Q1 2024[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,068[11]. - Zhejiang Hangcha Holding Co., Ltd. held 41.13% of the shares, making it the largest shareholder[11]. Government Support and Future Plans - The company received government subsidies amounting to CNY 7,919,711.81, which are closely related to its normal business operations[8]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[10].