Seazen(601155)2025-04-29 12:53Financial Performance - The company's operating revenue for Q1 2025 was CNY 9,737,836,738, a decrease of 32.17% compared to CNY 14,356,904,271 in the same period last year[4] - Net profit attributable to shareholders increased by 34.00% to CNY 304,419,539 from CNY 227,174,545 year-on-year[4] - Basic and diluted earnings per share rose by 30.00% to CNY 0.13 from CNY 0.10 in the previous year[5] - The decrease in operating revenue was primarily due to a reduction in the area of real estate delivered, leading to lower sales revenue from real estate development[6] - The company reported a total profit of ¥546,513,789 for Q1 2025, compared to ¥472,217,949 in Q1 2024, reflecting a growth of 15.7%[18] - Net profit for Q1 2025 increased to ¥316,060,694, compared to ¥278,279,016 in Q1 2024, representing a growth of 13.6%[19] Cash Flow - The net cash flow from operating activities decreased significantly by 90.96% to CNY 93,410,061 from CNY 1,033,125,501 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was ¥93,410,061, a significant decrease from ¥1,033,125,501 in Q1 2024[20] - The cash inflow from operating activities totaled CNY 21,988,667, significantly higher than CNY 2,679,754 in Q1 2024[29] - Cash and cash equivalents decreased to RMB 8.99 billion from RMB 10.30 billion, a decline of about 12.7%[13] - Cash and cash equivalents at the end of Q1 2025 were ¥5,908,802,212, down from ¥12,683,822,997 at the end of 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 298,333,896,147, down 2.88% from CNY 307,192,787,849 at the end of the previous year[5] - The company's total liabilities as of March 31, 2025, were RMB 217.59 billion, down from RMB 224.52 billion at the end of 2024, indicating a reduction of about 3.1%[15] - The total assets amounted to CNY 91,490,506,941, slightly up from CNY 91,251,873,185 in the previous period[25] - The total liabilities increased to CNY 79,541,384,478 from CNY 79,287,575,411, reflecting a rise of approximately 0.32%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,022[8] - The largest shareholder, Fuyue Development Group Co., Ltd., holds 61.09% of the shares, totaling 1,378,000,000 shares[8] Equity and Investments - The total equity attributable to shareholders increased to RMB 61.17 billion as of March 31, 2025, compared to RMB 60.87 billion at the end of 2024, reflecting a growth of approximately 0.5%[15] - The company’s total equity, including minority interests, was RMB 80.74 billion, down from RMB 82.67 billion, indicating a decrease of approximately 2.4%[15] - The company’s long-term equity investments remained stable at CNY 6,404,535,796, showing minimal change from CNY 6,405,003,986[25] Future Plans - The company plans to issue A-shares to specific investors, with the proposal approved by the board and shareholders, pending regulatory approval[10] - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[30]