潍柴动力(000338) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 57.46 billion, an increase of 1.92% compared to CNY 56.38 billion in the same period last year[5]. - Net profit attributable to shareholders was CNY 2.71 billion, reflecting a growth of 4.27% from CNY 2.60 billion year-on-year[5]. - Operating profit decreased to RMB 3.08 billion, down 25.00% from RMB 4.11 billion in the previous year[21]. - Basic earnings per share increased to RMB 0.31, compared to RMB 0.30 in the previous year, showing a growth of 3.33%[22]. - Other comprehensive income after tax was RMB 304.42 million, down from RMB 585.85 million, indicating a decrease of 48.00%[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -4.65 billion, a significant decline of 388.24% compared to CNY 1.61 billion in the previous year[5]. - Cash flow from operating activities was RMB 44.95 billion, a decrease from RMB 50.53 billion in the same period last year, representing a decline of 11.14%[23]. - The net cash flow from investment activities was -5.45 billion, a significant decline from 81.86 million in the previous period[24]. - Cash inflow from financing activities was 2.18 billion, up from 575.66 million in the previous year[24]. - The total cash and cash equivalents at the end of the period were 45.49 billion, down from 70.70 billion at the beginning of the period[24]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 353.46 billion, marking a 2.79% increase from CNY 343.88 billion at the end of the previous year[5]. - The total liabilities of the company reached RMB 228.32 billion, compared to RMB 221.92 billion at the beginning of the period, showing an increase of about 2.0%[19]. - The company's equity attributable to shareholders was CNY 89.48 billion, up 3.21% from CNY 86.70 billion at the end of the last year[5]. - The total equity of Weichai Power as of March 31, 2025, was RMB 125.14 billion, up from RMB 121.96 billion, reflecting an increase of approximately 2.0%[19]. Operational Metrics - The company reported a significant increase in accounts receivable by 34.61%, reaching CNY 4.16 billion compared to CNY 3.09 billion last year[11]. - The company reported a significant increase in inventory, which rose to RMB 36.48 billion from RMB 35.68 billion, a growth of about 2.2%[18]. - Management expenses rose by 56.61% to CNY 409.08 million, primarily due to efficiency-related expenses from the subsidiary KION GROUP AG[11]. - Research and development expenses were RMB 2.04 billion, slightly down from RMB 2.09 billion, indicating a decrease of 2.00%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 224,105[12]. - The total equity attributable to shareholders reached RMB 89.48 billion, an increase from RMB 86.70 billion, reflecting a growth of 3.00%[20]. Financing Activities - The company recorded a 116.31% increase in net cash flow from financing activities, amounting to CNY 40.97 million, due to increased borrowings[11]. - The net cash flow from financing activities improved to 409.71 million, compared to a negative 2.51 billion last year[24]. - Short-term borrowings increased to RMB 3.13 billion from RMB 1.74 billion, indicating a rise of approximately 80%[19]. Market and Product Development - The company has not disclosed any new product launches or technological advancements in the provided documents[16]. - There is no mention of market expansion or mergers and acquisitions in the current financial report[16].