COMEC(600685)2025-04-29 12:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,641,442,907.15, representing a year-on-year increase of 29.73% compared to CNY 2,806,869,058.01 in the same period last year[3]. - Net profit attributable to shareholders reached CNY 184,464,019.76, a significant increase of 1,099.85% from CNY 15,373,901.72 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 177,951,301.87, up 605.35% from CNY 25,228,892.06 year-on-year[3]. - Basic and diluted earnings per share were both CNY 0.1305, reflecting a year-on-year increase of 1,097.25% from CNY 0.0109[3]. - Operating profit for Q1 2025 was RMB 221,840,221.41, compared to RMB 26,918,285.68 in Q1 2024, indicating significant growth[18]. - Net profit for Q1 2025 was RMB 223,642,641.52, a substantial increase from RMB 26,975,829.81 in Q1 2024[18]. - The net profit for Q1 2025 was approximately ¥220.94 million, a significant increase from ¥24.68 million in Q1 2024, representing a growth of 795.5%[19]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 359,469,340.17, a significant recovery from a negative cash flow of CNY -3,403,181,373.38 in the same period last year[3]. - The net cash flow from operating activities for Q1 2025 was ¥359.47 million, a recovery from a negative cash flow of ¥3.40 billion in Q1 2024[23]. - The net cash flow from investing activities for Q1 2025 was ¥1.11 billion, a substantial increase from ¥16.07 million in Q1 2024[24]. - The company incurred a total of ¥3.69 billion in cash payments for goods and services in Q1 2025, down from ¥5.79 billion in Q1 2024, reflecting a decrease of 36.3%[23]. - Cash and cash equivalents as of March 31, 2025, were RMB 15,371,732,215.13, slightly up from RMB 15,260,594,444.32 at the end of 2024[14]. - The cash and cash equivalents at the end of Q1 2025 amounted to ¥9.19 billion, an increase from ¥6.17 billion at the end of Q1 2024[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 54,876,784,503.45, an increase of 2.39% from CNY 53,596,113,615.25 at the end of the previous year[4]. - Total liabilities increased by 88.23% to ¥182,340,048.11, attributed to the rise in the fair value of hedged projects[11]. - Total liabilities rose to RMB 34,372,094,200.10 as of March 31, 2025, from RMB 32,425,656,525.38 at the end of 2024[16]. - The company's equity decreased to RMB 20,504,690,303.35 as of March 31, 2025, down from RMB 21,170,457,089.87 at the end of 2024[16]. Shareholder Information - HKSCC NOMINEES LIMITED holds 589,904,992 shares, accounting for 41.73% of total shares[9]. - China Shipbuilding Industry Group Co., Ltd. owns 481,337,700 shares, representing 34.05% of total shares[9]. - The company has no significant changes in the top 10 shareholders or their shareholding status due to margin trading activities[10]. Research and Development - Research and development expenses increased by 44.33% to ¥197,703,698.08, reflecting higher investment in research projects[12]. - Research and development expenses in Q1 2025 amounted to RMB 197,703,698.08, up from RMB 136,983,220.26 in Q1 2024, reflecting a focus on innovation[18]. Other Income and Expenses - The company received government subsidies amounting to CNY 19,800,485.72, which positively impacted the financial results[5]. - The company reported a 370.42% increase in other income, reaching ¥2,630,968.74, primarily from insurance claims[12]. - The company reported a tax expense of approximately ¥2.70 million in Q1 2025, compared to ¥2.30 million in Q1 2024, reflecting an increase of 17.6%[19].