时代电气(688187) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 4,536,728,879, representing a year-on-year increase of 14.81% compared to CNY 3,924,623,207 in the same period last year[2]. - Net profit attributable to shareholders of the listed company reached CNY 631,266,879, up 13.42% from CNY 567,547,208 in the previous year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 29.52%, amounting to CNY 597,096,663 compared to CNY 460,999,116 in the previous year[6]. - The basic earnings per share for the reporting period was CNY 0.45, an increase of 15.38% compared to CNY 0.39 in the same period last year[3]. - In Q1 2025, the company achieved revenue of RMB 4.537 billion, a year-on-year increase of 14.81% from RMB 3.951 billion in the same period last year[11]. - Net profit for Q1 2025 was ¥688,485,308, up 21.6% from ¥566,518,469 in Q1 2024[17]. - Operating profit for Q1 2025 was ¥777,887,759, a 28.6% increase from ¥604,941,540 in Q1 2024[17]. Cash Flow and Assets - The net cash flow from operating activities was CNY 54,459,641, a significant improvement from a negative cash flow of CNY -482,272,409 in the same period last year[2]. - The company's cash and cash equivalents stood at RMB 10.348 billion, slightly down from RMB 10.652 billion at the end of 2024[13]. - The company reported a decrease in cash and cash equivalents by ¥2,199,881,050 during Q1 2025[20]. - Cash flow from operating activities generated a net amount of ¥54,459,641, a significant recovery from a net outflow of ¥508,704,086 in Q1 2024[20]. - Investment activities resulted in a net cash outflow of ¥3,362,874,954, compared to a net inflow of ¥411,827,928 in Q1 2024[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 66,471,687,057, reflecting a 2.58% increase from CNY 64,802,246,319 at the end of the previous year[3]. - The company's total assets reached RMB 66.472 billion, an increase from RMB 64.802 billion at the end of 2024[14]. - The total liabilities of the company amounted to RMB 21.913 billion, compared to RMB 20.040 billion in the previous year[14]. - The company's equity attributable to shareholders was RMB 41.268 billion, a slight decrease from RMB 41.528 billion year-on-year[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,531[8]. - The top ten shareholders held a combined 43.84% of the shares, with the largest shareholder being CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. holding 600,381,485 shares[8]. - The number of A-share shareholders reached 23,496, while H-share shareholders numbered 1,035[10]. Business Segments - The rail transit business generated RMB 2.347 billion, up 10.72% from RMB 2.120 billion year-on-year, with the rail transit electrical equipment segment growing by 18.89% to RMB 1.923 billion[12]. - The emerging equipment business reported revenue of RMB 2.171 billion, reflecting a growth of 20.88% compared to RMB 1.795 billion in the previous year[12]. - The company reported a significant increase in industrial conversion revenue, which surged by 400.41% to RMB 205 million[12]. Research and Development - Research and development expenses accounted for a significant portion of the operating revenue, although specific figures were not disclosed in the provided content[3]. - Research and development expenses increased to ¥523,230,356, representing a 12.7% rise compared to ¥464,214,856 in the previous year[16]. Acquisition - The company made a 100% acquisition of Hunan CRRC Commercial Vehicle Power Technology Co., Ltd. in December 2024, which was included in the consolidated financial statements[3].