China Tianying(000035)2025-04-28 13:15Financial Performance - The company's operating revenue for Q1 2025 was ¥1,206,020,654.12, a decrease of 3.64% compared to ¥1,251,525,141.72 in the same period last year[3]. - Net profit attributable to shareholders was ¥105,597,228.92, down 47.63% from ¥201,632,023.67 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥92,656,986.72, reflecting a decline of 50.25% compared to ¥186,259,165.05 in the previous year[3]. - Basic and diluted earnings per share were both ¥0.04, down 50.00% from ¥0.08 year-on-year[3]. - Total operating revenue for the current period was 1,339,067,005.66 CNY, a decrease from 1,379,993,091.13 CNY in the previous period, reflecting a decline of approximately 3.0%[21]. - Net profit for the current period was 114,515,648.61 CNY, down from 210,226,081.36 CNY in the previous period, representing a decrease of about 45.6%[20]. - Total comprehensive income for the current period was 135,737,726.90 CNY, compared to 89,302,231.19 CNY in the previous period, showing an increase of approximately 52.0%[20]. Cash Flow and Assets - The net cash flow from operating activities was ¥317,653,409.72, a decrease of 16.63% from ¥381,033,155.10 in the same period last year[3]. - Cash and cash equivalents decreased to CNY 1,218,178,911.97 from CNY 1,444,231,569.45, representing a decline of 15.6%[14]. - Cash and cash equivalents at the end of the period were 292,517,550.61 CNY, down from 450,556,456.87 CNY, a decrease of approximately 35.0%[23]. - The company reported a net cash outflow from investing activities of -281,623,971.77 CNY, compared to -782,206,214.01 CNY in the previous period, indicating an improvement in cash flow[22]. - Total assets at the end of the reporting period were ¥30,393,157,311.07, an increase of 3.66% from ¥29,320,007,895.30 at the end of the previous year[3]. - Accounts receivable increased to CNY 2,561,577,870.20 from CNY 2,352,589,208.35, reflecting a growth of 8.9%[14]. - Non-current assets totaled CNY 24,672,096,955.40, up from CNY 23,814,163,771.53, an increase of 3.6%[15]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥10,905,896,292.03, up 1.41% from ¥10,753,821,805.70 at the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 48,518[6]. - The company plans to repurchase shares worth no less than CNY 20 million within six months starting from August 27, 2024[10]. Liabilities and Borrowings - Total liabilities increased to CNY 19,322,700,130.74 from CNY 18,387,451,175.73, marking a rise of 5.1%[16]. - The company’s total liabilities increased, with borrowings received amounting to 1,258,810,677.37 CNY, compared to 1,606,426,251.51 CNY in the previous period, a decrease of about 21.7%[22]. - The company’s short-term borrowings decreased to CNY 2,469,144,283.64 from CNY 2,828,901,194.77, a decline of 12.7%[16]. Management Changes - The company’s independent director, Yu Hanqing, resigned, and Li Shuhua was elected as the new independent director[11]. Research and Development - Research and development expenses increased to 22,330,046.63 CNY from 19,828,345.27 CNY, marking an increase of approximately 7.6%[19]. - The total operating costs for the current period were 1,082,989,940.50 CNY, slightly up from 1,059,892,774.50 CNY, an increase of about 2.8%[19]. Decline in Profit - The decline in net profit was primarily due to a decrease in overseas export EPC project sales compared to the same period last year[5]. - Cash and cash equivalents decreased to CNY 1,218,178,911.97 from CNY 1,444,231,569.45, representing a decline of 15.6%[14].