东方电缆(603606) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥2,147,003,640.02, representing a 63.83% increase compared to ¥1,310,474,328.30 in the same period last year[4] - Net profit attributable to shareholders was ¥280,908,027.01, a 6.66% increase from ¥263,358,240.98 year-on-year[4] - The company achieved a main business revenue of 2.145 billion RMB, representing a year-on-year growth of 64.01%[13] - Operating profit for Q1 2025 was ¥326,667,521.51, slightly up from ¥306,578,074.85 in Q1 2024, reflecting a growth of 6.1%[21] - Net profit for Q1 2025 amounted to ¥280,908,027.01, an increase of 6.7% from ¥263,358,240.98 in Q1 2024[22] - Basic and diluted earnings per share were both ¥0.41, reflecting a 7.89% increase from ¥0.38 in the same period last year[4] - The basic and diluted earnings per share for Q1 2025 were both ¥0.41, an increase from ¥0.38 in Q1 2024[22] Revenue Breakdown - The revenue from power engineering and equipment cables was ¥888,500,000, up 53.28% year-on-year, driven by enhanced brand influence and market share expansion[6] - Revenue from submarine cables and high-voltage cables reached ¥1,196,000,000, marking a 218.79% increase year-on-year, attributed to international brand development and steady growth in export sales[6] - The revenue breakdown includes 885 million RMB from power engineering and equipment cables, 1.196 billion RMB from submarine cables and high-voltage cables, and 65 million RMB from marine equipment and engineering operations[13] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥431,721,920.71, compared to a positive cash flow of ¥3,066,560.90 in the previous year, indicating a significant change in cash management[4] - The total assets at the end of the reporting period were ¥12,326,202,511.61, a 1.25% increase from ¥12,174,317,850.18 at the end of the previous year[5] - The company's current assets totaled approximately 8.688 billion RMB, an increase from 8.520 billion RMB at the end of 2024[16] - The total liabilities as of the latest reporting period were ¥5,031,397,755.86, down from ¥5,312,617,436.12 in the previous period, indicating a reduction of 5.3%[18] - The total cash inflow from operating activities was ¥2,051,099,079.60, compared to ¥1,550,914,020.53 in Q1 2024, reflecting a growth of 32.3%[25] - The ending balance of cash and cash equivalents was 1,879,433,837.32, down from 2,080,203,739.67 in the last period[26] Shareholder Information - Shareholders' equity attributable to the parent company was ¥7,294,804,755.75, up 6.31% from ¥6,861,700,414.06 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 52,865[8] Strategic Focus and Development - The company plans to adjust its product classification starting in 2025 to better align with national strategic needs and improve operational efficiency[12] - The company is focusing on technology research and market expansion in smart grids, renewable energy, and deep-sea technology[12] - The company is committed to sustainable development and technological innovation in response to national energy transition initiatives[12] - The company has secured strategic partnerships and market expansion efforts in areas such as power construction, rail transit, and offshore wind power[13] Research and Development - Research and development expenses for Q1 2025 were ¥68,139,454.50, up from ¥50,408,333.29 in Q1 2024, representing a 35.1% increase[21] Other Financial Metrics - Other comprehensive income after tax for Q1 2025 was ¥168,035,527.51, significantly higher than ¥33,132,402.25 in Q1 2024[22] - The weighted average return on equity decreased to 4.01%, down 0.09 percentage points from 4.10% in the previous year[5]