Financial Performance - The company's operating revenue for Q1 2025 was ¥68,359,792.13, representing a 5.25% increase compared to ¥64,952,084.41 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥13,782,835.73, an improvement from a loss of ¥27,314,881.71 in the previous year[3]. - The basic and diluted earnings per share were both -¥0.04, compared to -¥0.08 in the previous year[3]. - The total operating revenue for the first quarter of 2025 was RMB 68,359,792.13, representing an increase from RMB 64,952,084.41 in the first quarter of 2024, indicating a growth of approximately 6.5% year-over-year[15]. - Total operating costs increased to ¥116,920,882.33 in Q1 2025 from ¥106,464,349.63 in Q1 2024, reflecting a rise of about 9.1%[16]. - The net profit for Q1 2025 was -¥13,782,835.73, an improvement compared to -¥27,314,881.71 in Q1 2024, indicating a reduction in losses by approximately 49.5%[16]. - The total comprehensive income for Q1 2025 was -¥12,070,185.03, an improvement from -¥31,709,587.05 in Q1 2024[17]. - Basic and diluted earnings per share for Q1 2025 were both -¥0.04, compared to -¥0.08 in Q1 2024, indicating a reduction in loss per share[17]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥128,864,340.00, slightly worse than the negative ¥123,866,531.72 recorded in the same period last year[3]. - Cash flow from investing activities generated a net inflow of ¥611,604,781.12 in Q1 2025, contrasting with a net outflow of -¥32,245,246.27 in Q1 2024[20]. - The company received cash inflows of ¥625,175,000.00 from investment activities in Q1 2025, with no comparable figure in Q1 2024[20]. - The company reported a tax refund of ¥7,603,482.42 in Q1 2025, up from ¥6,837,886.91 in Q1 2024, reflecting a growth of approximately 11.2%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,538,501,214.29, a decrease of 2.79% from ¥4,668,931,685.57 at the end of the previous year[4]. - As of March 31, 2025, the total current assets amounted to RMB 1,961,725,379.71, a decrease from RMB 2,049,039,293.44 as of December 31, 2024, reflecting a decline of about 4.3%[11]. - The total liabilities as of March 31, 2025, were RMB 1,020,866,927.28, down from RMB 1,135,426,718.09 at the end of 2024, showing a reduction of approximately 10.1%[13]. - The company's cash and cash equivalents decreased to RMB 854,202,736.17 from RMB 959,100,592.47, a decline of about 10.9%[11]. - The accounts receivable as of March 31, 2025, were RMB 625,380,159.86, down from RMB 654,427,444.88, indicating a decrease of approximately 4.4%[11]. - The inventory increased to RMB 335,160,717.89 from RMB 296,944,803.18, reflecting an increase of about 12.8%[12]. - The total non-current assets were RMB 2,576,775,834.58, a slight decrease from RMB 2,619,892,392.13, representing a decline of approximately 1.6%[12]. - The total equity attributable to shareholders was RMB 3,517,634,287.01, down from RMB 3,533,504,967.48, indicating a decrease of about 0.4%[13]. - The company reported a decrease in accounts payable to RMB 587,192,715.52 from RMB 659,288,494.43, a reduction of approximately 10.9%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,854[8]. - The top shareholder, Fenghuo Technology Group Co., Ltd., holds 17.20% of the shares, totaling 56,682,297 shares[8]. Company Strategy and Developments - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The company has not disclosed any significant new strategies or product developments during the reporting period[10].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,506,361,190.27, a decrease of 14.05% compared to CNY 1,752,590,421.48 in the same period last year[4] - Net profit attributable to shareholders was CNY 47,271,220.42, a significant recovery from a loss of CNY 303,953,720.68 in the previous year[4] - Basic earnings per share increased to CNY 0.14 from a loss of CNY 0.90 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥1,506,361,190.27, a decrease of 14.06% compared to ¥1,752,590,421.48 in Q1 2024[18] - Net profit for Q1 2025 was ¥38,319,163.55, a significant recovery from a net loss of ¥322,013,457.12 in Q1 2024[20] - Operating profit for Q1 2025 was ¥49,814,213.95, compared to an operating loss of ¥379,429,058.47 in Q1 2024[19] - Total comprehensive income for Q1 2025 was ¥38,319,163.55, compared to a total comprehensive loss of ¥322,013,457.12 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,786,559,872.81, up 4.80% from CNY 7,429,995,571.24 at the end of the previous year[5] - The company's current assets totaled ¥3,828,917,503.43, up from ¥3,497,305,649.64, indicating an increase of about 9.5%[13][15] - Total liabilities increased to ¥4,109,159,748.68 from ¥3,792,749,989.22, indicating a growth of approximately 8.3%[15] - The company's equity attributable to shareholders rose to ¥3,408,981,158.16 from ¥3,360,054,579.07, reflecting an increase of about 1.5%[15] Cash Flow - The company reported a net cash outflow from operating activities of CNY -34,547,957.04, an improvement from CNY -299,888,971.85 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥34,547,957.04, an improvement from -¥299,888,971.85 in Q1 2024[21] - Cash inflow from operating activities totaled ¥2,063,046,130.30 in Q1 2025, compared to ¥2,160,279,608.71 in Q1 2024[23] - Net cash flow from investing activities was -$29,447,871.04, slightly decreased from -$29,373,971.22 year-over-year[24] - Cash inflow from financing activities totaled $1,051,631,907.63, down from $1,386,940,417.69 in the previous period[24] - Net cash flow from financing activities was $108,945,138.00, a significant decrease from $425,870,174.17 year-over-year[24] - The net increase in cash and cash equivalents was $44,845,950.37, down from $95,112,718.69 in the previous period[24] - The ending balance of cash and cash equivalents was $664,880,470.85, compared to $819,733,738.30 last year[24] Accounts Receivable and Inventory - Accounts receivable increased by 62.97% due to an increase in credit sales during the reporting period[6] - Inventory levels rose by 31.39% as a result of increased stockpiling by trading companies[7] - Accounts receivable rose significantly to ¥176,559,460.67 from ¥108,338,013.25, marking an increase of around 63.1%[13][15] - Inventory levels increased to ¥2,246,020,803.68 from ¥1,709,475,380.84, which is an increase of approximately 31.4%[13][15] Borrowings and Debt - Short-term borrowings surged by 104.38%, primarily due to an increase in bank short-term loans[7] - Short-term borrowings surged to ¥1,229,052,421.99 from ¥601,362,873.34, representing an increase of about 104.1%[14][15] - Cash outflow for debt repayment was $895,330,026.96, compared to $810,000,000.00 last year[24] Research and Development - Research and development expenses decreased to ¥6,454,427.11 in Q1 2025 from ¥9,511,148.97 in Q1 2024, a reduction of 32.15%[19] Investment Income - Investment income for Q1 2025 was ¥55,900,192.22, up 48.54% from ¥37,594,775.03 in Q1 2024[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,005[8] - The company has not reported any significant changes in shareholder structure or participation in margin financing activities during the reporting period[11] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]

Financial Performance - The company's operating revenue for 2024 was approximately ¥23.77 billion, a decrease of 33.81% compared to ¥35.91 billion in 2023[21]. - The net profit attributable to shareholders for 2024 was approximately -¥4.82 billion, an improvement from -¥6.03 billion in 2023[21]. - The basic earnings per share for 2024 was -¥1.24, compared to -¥1.55 in 2023[22]. - The total assets at the end of 2024 were approximately ¥304.39 billion, down 13.40% from ¥351.50 billion in 2023[21]. - The company reported a net cash flow from operating activities of approximately -¥2.42 billion for 2024, worsening from -¥1.65 billion in 2023[21]. - The weighted average return on equity for 2024 was -89.54%, a decrease of 4.10 percentage points from -85.44% in 2023[22]. - The company will not distribute profits for 2024 due to negative distributable profits[5]. - The company reported a total revenue of 879.15 million for the Niutuo Wenquan Peacock City project, reflecting a decrease of 48.04% compared to the previous period[159]. - The total revenue for the reporting period reached approximately 34.72 billion RMB, with a significant increase in sales and turnover[155]. - The company reported a net profit margin of approximately 7.71% for the period, reflecting effective cost management strategies[155]. Cash Flow and Assets - The company's cash and cash equivalents at the end of 2024 were approximately ¥4.09 billion, a decrease of 42.81% from ¥7.16 billion in 2023[21]. - The company reported a net cash flow from operating activities of approximately -RMB 477 million in Q4 2024, indicating ongoing challenges in cash generation[26]. - Net cash flow from operating activities decreased to -2,422,061,384.23 RMB, compared to -1,645,636,034.48 RMB in the previous year[175]. - Net cash flow from investing activities increased significantly by 467.79% to 3,763,731,435.27 RMB, mainly due to cash recovered from the disposal of subsidiaries[175]. - Total assets at the end of the reporting period amounted to 4,471,719,992.54 RMB, representing 1.47% of total assets[178]. Debt Restructuring and Financial Strategy - The company is actively pursuing debt restructuring, with the debt restructuring plan approved by the debt committee on December 9, 2021, and is currently implementing various measures including asset transactions and trust plans[33]. - The company has made significant progress in its debt restructuring efforts, with various restructuring agreements and asset transactions underway[33]. - The company has recorded a total of RMB 10.05 billion in gains from debt restructuring activities in 2024[27]. - The company has implemented debt-to-equity swaps amounting to approximately 23.174 billion RMB in financial and operational debts[145]. - The company is committed to debt restructuring, adhering to the principle of "no evasion of debt" and working closely with government support[197]. Business Operations and Development - The company aims to strengthen its position as an "industrial new city service provider" and is focusing on optimizing its business model while exploring high-potential sectors such as new energy and digitalization[31]. - The company is transforming into an industrial new city service provider, focusing on comprehensive development services that include infrastructure, public services, and urban operation management[58]. - The company focuses on high-quality urban development, integrating high-end services and facilities to attract high-end talent and industries[59]. - The company operates under a long-term operational model, ensuring sustained returns while managing risks over decades[61]. - The company aims to enhance service capabilities and optimize regional economic layouts as part of its future development strategy[189]. Market Trends and Economic Environment - The macroeconomic environment shows a GDP growth of 5.0% in 2024, with the real estate sector experiencing a 14.7% decrease in land supply and a 12.9% decline in new housing sales area[44]. - The real estate market is expected to stabilize, with a reduction in housing loan interest expenses by approximately 150 billion annually for residents[193]. - The property management market in China is projected to reach a scale of 2.5 trillion yuan by 2025, with an expected management area of 315 billion square meters[195]. - The urban property service sector is shifting towards integrated and intelligent services, tapping into a trillion-yuan market opportunity[195]. Project Development and Completion - The company has ongoing construction projects valued at 59.68 billion RMB, indicating strong market demand and expansion efforts[155]. - The company is focusing on expanding its residential offerings, with multiple projects in various stages of completion across different regions[80]. - The company aims to enhance its market presence through strategic project completions and new developments, indicating a robust growth outlook[22][24][34]. - The company is expanding its footprint with new projects in the Hebei province, indicating a strategic move to capture more market share[106]. - The company has ongoing projects in Shenyang with a total area of 839,906.49 m², indicating a strong presence in the northeastern market[81]. Customer Engagement and Market Expansion - User data indicates a steady increase in customer engagement, with a notable rise in inquiries and reservations for new projects[155]. - The company plans to expand its market presence in the North China region, targeting a 15% growth in sales volume for the next fiscal year[158]. - The company is investing in technology development for smart home features, aiming to enhance user experience and increase property value[158]. - The company is actively pursuing new strategies for market expansion and product development, as evidenced by the diverse range of projects across multiple cities[79][81]. Social Responsibility and Community Engagement - The company is committed to fulfilling its social responsibilities and maintaining its promises to stakeholders, including homeowners and creditors[30]. - The company is exploring the "property service + life service" model to enhance community services and improve living conditions[196]. - The company aims to ensure project completion and delivery as its top priority, actively seeking funding through multiple channels[197].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 142,567,251.99, representing an increase of 8.52% compared to CNY 131,374,981.12 in the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 186,711,362.42, a slight improvement of 3.97% from a loss of CNY 194,420,340.21 year-over-year[2] - The basic earnings per share for the period was -0.1689 CNY, an improvement of 3.92% from -0.1758 CNY in the same period last year[2] - Net profit for Q1 2025 was a loss of CNY 202,008,978.73, compared to a loss of CNY 194,399,922.60 in Q1 2024, representing a decline of 3.3%[18] - The company’s total comprehensive income for Q1 2025 was a loss of CNY 202,008,978.73, compared to a loss of CNY 194,399,922.60 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 47,636,286.70, a 76.05% increase compared to a net outflow of CNY 198,890,304.54 in the previous year[2] - Cash flow from operating activities for Q1 2025 was a net outflow of CNY 47,636,286.70, an improvement from a net outflow of CNY 198,890,304.54 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 170,617,237.71, down from CNY 172,920,624.04 at the end of Q1 2024[21] - The company reported a total cash inflow from financing activities of CNY 146,890,112.47 in Q1 2025, significantly lower than CNY 424,000,000.00 in Q1 2024[21] - The company experienced a net cash outflow from investing activities of CNY 24,413.65 in Q1 2025, compared to a net outflow of CNY 17,440.00 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,096,923,789.58, down 2.72% from CNY 13,463,648,252.18 at the end of the previous year[3] - The company’s current liabilities totaled RMB 7,933,670,168.21 as of March 31, 2025, down from RMB 8,386,813,637.81 at the end of 2024[15] - The company’s long-term borrowings increased to RMB 4,850,876,158.19 as of March 31, 2025, compared to RMB 4,560,648,151.00 at the end of 2024[15] - The company’s total liabilities decreased to RMB 12,802,981,639.58 as of March 31, 2025, from RMB 12,967,697,123.45 at the end of 2024[15] - The company’s inventory stood at RMB 9,210,573,669.68 as of March 31, 2025, slightly down from RMB 9,252,079,891.58 at the end of 2024[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,623[6] - The largest shareholder, Tianjin State-owned Capital Investment Operation Co., Ltd., holds 190,186,440 shares, accounting for 17.20% of the total shares[7] Strategic Developments - The company has not identified any significant new strategies or product developments in the current report[5] - The company plans to acquire controlling stakes in several companies through asset swaps and cash payments, as approved in the board meeting on December 31, 2024[10] - The company is actively progressing with due diligence, auditing, and evaluation for the proposed asset restructuring[11] Financial Expenses - The company incurred financial expenses of CNY 127,625,661.49 in Q1 2025, a decrease of 18.2% from CNY 156,116,159.77 in Q1 2024[17] Non-Recurring Items - The company reported non-recurring losses of CNY -598,891.22 during the period[4]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,244,632,389.47, representing a 20.16% increase compared to CNY 1,035,842,150.60 in the same period last year[3] - Net profit attributable to shareholders was CNY 153,440,396.76, up 12.07% from CNY 136,920,130.03 year-on-year[3] - The basic earnings per share increased to CNY 0.24, reflecting a 12.50% rise from CNY 0.22 in the previous year[4] - Net profit for Q1 2025 was ¥256,579,283.02, representing a 13.7% increase compared to ¥225,663,677.17 in Q1 2024[20] - Earnings per share for Q1 2025 were ¥0.243, compared to ¥0.216 in Q1 2024, reflecting a 12.5% increase[20] - The company reported a total comprehensive income of ¥252,626,943.02 for Q1 2025, compared to ¥225,663,677.17 in Q1 2024, reflecting a growth of 12%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,879,345,676.63, a 1.80% increase from CNY 7,740,148,088.59 at the end of the previous year[4] - The total current assets as of March 31, 2025, amount to ¥2,281,544,348.46, an increase from ¥2,139,357,541.67 as of December 31, 2024[14] - Total liabilities increased to ¥2,943,962,280.01 in Q1 2025 from ¥2,755,690,629.78 in Q1 2024, marking a growth of 6.8%[18] - Total equity attributable to shareholders rose to ¥4,149,463,317.39 in Q1 2025, up from ¥3,998,209,900.62 in Q1 2024, an increase of 3.8%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 6,169,216.41, a decline of 104.97% compared to a net inflow of CNY 124,036,598.35 in the previous year[3] - Cash flow from operating activities for Q1 2025 was negative at -¥6,169,216.41, a significant decrease from ¥124,036,598.35 in Q1 2024[22] - The total cash inflow from operating activities in Q1 2025 was ¥1,478,379,052.90, compared to ¥1,154,447,433.52 in Q1 2024, indicating a 28.1% increase[22] - The net cash flow from investing activities was -46,012,609.59, compared to -25,457,391.15 in the previous period, indicating an increase in investment outflows[23] - The total cash inflow from financing activities was 774,845,512.77, down from 1,013,200,000.00 in the previous period, reflecting a decrease in financing received[23] - Cash outflows for debt repayment amounted to 551,800,000.00, compared to 986,754,733.33 previously, showing a significant reduction in debt servicing[23] - The net cash flow from financing activities was -90,521,260.84, an improvement from -180,446,528.22 in the prior period, indicating better cash management[23] - The ending cash and cash equivalents balance was 972,520,151.78, up from 815,154,448.05, reflecting an overall increase in liquidity[23] Research and Development - The company reported a significant increase in research and development expenses by 344.85%, indicating a focus on technology upgrades[8] - Research and development expenses in Q1 2025 amounted to ¥20,883,941.72, a substantial increase from ¥4,694,623.13 in Q1 2024, indicating a focus on innovation[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,394[9] - Guangxi Huaxi Group Co., Ltd. holds 357,231,798 shares, accounting for 56.47% of total shares[9] - Guangxi Beibu Gulf International Port Group Co., Ltd. holds 75,248,058 shares, representing 11.90% of total shares[9] Inventory and Accounts - The company experienced a 131.08% increase in accounts receivable, primarily due to sales not yet collected at the end of the reporting period[8] - Inventory increased to ¥874,640,396.93 from ¥718,251,743.91, indicating a growth of approximately 21.76%[14] - Accounts payable decreased to ¥580,923,249.11 from ¥705,574,391.80, a decline of approximately 17.66%[15] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[24]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,205,112,404.42, a decrease of 13.80% compared to CNY 2,558,017,665.26 in the same period last year[4] - Net profit attributable to shareholders increased by 29.37% to CNY 41,358,438.67 from CNY 31,968,192.80 year-on-year[4] - The net profit after deducting non-recurring gains and losses rose by 47.13% to CNY 37,415,840.72 compared to CNY 25,429,904.00 in the previous year[4] - The basic earnings per share increased by 29.18% to CNY 0.0518 from CNY 0.0401 in the same period last year[4] - The weighted average return on equity improved by 0.41 percentage points to 1.68% from 1.27% year-on-year[4] - Net profit for Q1 2025 reached ¥41,245,530.59, an increase of 20.5% from ¥34,186,328.08 in Q1 2024[18] - Earnings per share for Q1 2025 was ¥0.0518, compared to ¥0.0401 in Q1 2024, reflecting a 29.9% increase[18] - Operating profit for Q1 2025 was ¥0.99 million, down from ¥12.05 million in Q1 2024, reflecting a significant decline[27] - Net profit for Q1 2025 was ¥3.82 million, compared to ¥12.77 million in Q1 2024, indicating a year-over-year decrease of 70.0%[27] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 8,037,204,157.66, an increase of 1.69% from CNY 7,903,714,439.89 at the end of the previous year[5] - The total assets as of the end of the reporting period amounted to ¥8,037,204,157.66, up from ¥7,903,714,439.89[14] - Total liabilities increased to ¥5,342,818,842.98 from ¥5,250,070,796.53, representing a rise of 1.8%[14] - The total liabilities decreased to CNY 2,933,324,952.18 from CNY 3,013,560,260.57 at the end of 2024[25] - The total equity attributable to shareholders increased to ¥2,481,660,285.07 from ¥2,440,805,705.67, reflecting a growth of 1.7%[14] - The total equity increased slightly to CNY 2,808,167,899.78 from CNY 2,803,659,633.37 at the end of 2024[25] Cash Flow - The net cash flow from operating activities was CNY -174,372,162.62, showing an improvement from CNY -225,519,080.92 in the previous year[4] - In Q1 2025, the cash inflow from operating activities was CNY 1,844,255,993.52, a decrease of 28.6% compared to CNY 2,581,593,350.15 in Q1 2024[20] - The cash inflow from investment activities was CNY 91,993,535.28, compared to CNY 2,516,086.60 in Q1 2024, marking a significant increase[21] - The net cash flow from investment activities was CNY 27,168,427.28, recovering from a negative CNY -48,283,659.94 in Q1 2024[21] - The cash inflow from financing activities was CNY 191,881,119.84, down 71.4% from CNY 670,082,041.50 in Q1 2024[21] - The net cash flow from financing activities was negative at CNY -57,897,127.18, contrasting with a positive CNY 372,136,519.85 in the previous year[21] - The total cash and cash equivalents at the end of Q1 2025 were CNY 576,276,110.77, down from CNY 651,094,300.93 at the end of Q1 2024[21] - Cash flow from operating activities for Q1 2025 was negative at -¥97.21 million, an improvement from -¥138.41 million in Q1 2024[29] - Cash flow from investing activities for Q1 2025 was positive at ¥54.90 million, compared to a negative cash flow of -¥14.87 million in Q1 2024[30] - Cash flow from financing activities for Q1 2025 was positive at ¥14.44 million, a decrease from ¥135.11 million in Q1 2024[30] - Total cash and cash equivalents at the end of Q1 2025 were ¥300.90 million, up from ¥267.71 million at the end of Q1 2024[30] Shareholder Information - The company reported a total of 51,609 ordinary shareholders at the end of the reporting period[9] - The largest shareholder, Qingdao Aokema Holdings Group Co., Ltd., holds 23.03% of the shares, totaling 183,812,152 shares[9] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 1,609,500, which are closely related to its normal business operations[6] - Research and development expenses for Q1 2025 were ¥52,054,640.00, down from ¥58,743,999.61 in Q1 2024, a decrease of 11.5%[17] - Financial expenses for Q1 2025 were ¥3.21 million, significantly higher than ¥1.13 million in Q1 2024, indicating a rise of 184.1%[27] - Sales expenses increased slightly to ¥33.03 million in Q1 2025 from ¥31.97 million in Q1 2024, showing a 3.3% increase[27]

陕西建工集团股份有限公司2025 年第一季度报告 证券代码：600248 证券简称：陕建股份 陕西建工集团股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 | 非经常性损益项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动性资产处置损益，包括已计提资产减值准备的冲 | 8,463,780.29 | | | 销部分 | | | | 计入当期损益的政府补助，但与公司正常经营业务密切 相关、符合国家政策规定、按照确定的标准享有、对公 | 7,002,217.12 | | | 司损益产生持续影响的政府补助除外 | | | | ...

广西梧州中恒集团股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 广西梧州中恒集团股份有限公司2025 年第一季度报告 证券代码：600252 证券简称：中恒集团 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | | 本报告期比上年同期 | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 增减变动幅度(%) | | 营业收入 | 742,032,480.62 | 805,896,093.75 | -7.92 | | 归属于上市公司股东的净利润 | 18,267,108.80 | 54,711,195.13 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥18,483,991,561.98, representing a 164.05% increase compared to ¥7,000,110,720.18 in the same period last year[4] - Net profit attributable to shareholders decreased by 45.41% to ¥190,491,928.38 from ¥348,976,942.54 year-on-year[4] - Basic and diluted earnings per share fell by 46.15% to ¥0.07 from ¥0.13 in the same period last year[5] - Total revenue for Q1 2025 reached ¥18.48 billion, a significant increase from ¥7.00 billion in Q1 2024, representing a growth of approximately 164%[22] - Net profit for Q1 2025 was ¥232.62 million, down from ¥431.85 million in Q1 2024, indicating a decrease of approximately 46%[23] - Total operating costs for Q1 2025 were ¥18.03 billion, compared to ¥6.68 billion in Q1 2024, reflecting an increase of about 170%[22] - The company reported an investment loss of ¥28.30 million in Q1 2025, compared to a profit of ¥272.15 million in Q1 2024[23] - Other comprehensive income after tax for Q1 2025 was ¥10.84 million, down from ¥29.18 million in Q1 2024, showing a decrease of about 63%[23] - Total comprehensive income attributable to the parent company was CNY 200,595,546.39, down from CNY 382,739,517.50 year-over-year[24] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 612.34% to ¥4,107,110,081.91 compared to ¥576,564,117.20 in the previous year[4] - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 32.47 billion, a decrease from RMB 33.21 billion as of December 31, 2024[16] - Cash inflow from operating activities totaled CNY 15,571,409,189.25 in Q1 2025, compared to CNY 13,638,522,823.06 in Q1 2024, indicating a year-over-year growth of approximately 14.2%[26] - Cash outflow from investing activities was CNY 4,868,451,858.65 in Q1 2025, significantly lower than CNY 12,196,931,860.69 in Q1 2024, reflecting a reduction in investment expenditures[27] - Net cash flow from financing activities was negative at CNY -1,833,265,651.64 in Q1 2025, contrasting with a positive CNY 6,893,287,525.00 in Q1 2024, indicating a shift in financing strategy[27] - The total operating cash outflow was CNY 11,464,299,107.34 in Q1 2025, down from CNY 13,061,958,705.86 in Q1 2024, indicating improved cash management[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥412,451,085,101.47, a decrease of 1.87% from ¥420,295,121,577.00 at the end of the previous year[5] - Total liabilities decreased to ¥288.18 billion from ¥295.31 billion, showing a reduction of about 2%[18] - The company's total assets amounted to ¥412.45 billion, a decrease from ¥420.30 billion in the previous period[19] - The company's total equity decreased from ¥22,175,441,486.28 to ¥21,934,162,237.87, a decline of approximately 1.1%[30] Shareholder and Capital Management - The total number of ordinary shareholders at the end of the reporting period was 54,439[9] - The company plans to repurchase shares with a total amount not less than RMB 300 million and not exceeding RMB 600 million, with a maximum repurchase price of RMB 9.83 per share[12] - The company repurchased a total of 4.67 million shares, representing 0.17% of the total share capital, with a total transaction amount of RMB 25.08 million[12] - The company has approved a plan to issue convertible bonds with a total amount not exceeding RMB 4.8 billion, revised from a previous cap of RMB 5.5 billion[15] - The company's board meetings have approved various financial strategies, including the issuance of convertible bonds and share repurchase plans, indicating a proactive approach to capital management[13][14] Financial Expenses and Costs - Financial expenses increased compared to the previous year, contributing to the decline in net profit attributable to shareholders[8] - Financial expenses for Q1 2025 were ¥275.54 million, significantly higher than ¥69.12 million in Q1 2024, indicating an increase of approximately 299%[22] - The company's cash flow from operating activities showed significant financial strain, with financial expenses of ¥328,174,685.26 in Q1 2025 compared to ¥542,895,253.41 in Q1 2024[32] - The company reported a financial cost of ¥314,232,153.53 in interest expenses for Q1 2025, down from ¥675,407,234.59 in Q1 2024, indicating a reduction in debt servicing costs[32] Other Financial Metrics - The weighted average return on equity decreased by 0.61 percentage points to 0.95% from 1.56% year-on-year[5] - Research and development expenses for Q1 2025 were ¥16.64 million, up from ¥11.60 million in Q1 2024, reflecting a growth of about 43%[22] - The company reported trading financial assets of RMB 22.49 million as of March 31, 2025, an increase from RMB 21.67 million as of December 31, 2024[16] - The company’s derivative financial assets rose to RMB 49.22 million as of March 31, 2025, compared to RMB 32.83 million as of December 31, 2024[16] - The company’s prepayments increased to RMB 1.98 billion as of March 31, 2025, up from RMB 1.86 billion as of December 31, 2024[16]

Financial Performance - The company's operating revenue for 2024 was CNY 7,816,074,375.10, a decrease of 15.99% compared to CNY 9,303,766,761.58 in 2023[22] - The net profit attributable to shareholders for 2024 was CNY -48,525,391.16, representing a decline of 186.56% from CNY 56,062,180.87 in 2023[22] - The basic earnings per share for 2024 was CNY -0.06, down 185.71% from CNY 0.07 in 2023[23] - The total assets at the end of 2024 were CNY 7,903,714,439.89, a slight decrease of 0.23% from CNY 7,921,570,809.38 at the end of 2023[22] - The net assets attributable to shareholders at the end of 2024 were CNY 2,440,805,705.67, a decrease of 2.35% from CNY 2,499,593,752.14 at the end of 2023[22] - The company reported a cash flow from operating activities of CNY 208,740,370.33, compared to CNY -22,918,826.15 in 2023[22] - The weighted average return on equity for 2024 was -1.96%, a decrease of 4.22 percentage points from 2.26% in 2023[23] - The company did not distribute cash dividends or issue bonus shares for the 2024 fiscal year[6] Market and Product Development - The company launched the industry’s first -36℃ deep cold fully embedded refrigerator, achieving a 99% home integration rate[32] - The company’s air conditioning division introduced the Linglong 2.0 version of the new wind air conditioner, featuring four-dimensional intelligent control[32] - The company expanded its retail capabilities by establishing the "Aojia Hui" collaborative platform with agents, enhancing market responsiveness[33] - The company introduced new high-efficiency display cabinets and smart vending machines, solidifying its leadership in the smart retail market[35] - The company accelerated its overseas market expansion, establishing a presence in Mexico and developing markets in Jordan and Kyrgyzstan[37] - The company launched a new product line including high-end integrated home appliances, with significant upgrades to smart product offerings, integrating over 70 smart products into its "Smart Life" platform[38] - The company achieved a notable increase in brand exposure, reaching 400 million impressions through various advertising channels and 228 million through new media campaigns[41] Research and Development - The company invested in R&D, achieving significant breakthroughs in green low-carbon and AI technologies, with 638 patent applications filed, including 233 invention patents[38] - The total R&D investment for the period amounted to ¥274,477,042.19, representing 3.51% of the operating revenue[64] - The number of R&D personnel is 701, accounting for 10.61% of the total workforce[65] - The company has increased its R&D investment and technology talent reserves to enhance its competitive edge in R&D[65] Operational Efficiency and Management - The company’s management initiatives led to improved product gross margins and operational efficiency, with a focus on quality management and user satisfaction[39][40] - The company is transitioning towards a full cold chain IoT enterprise, enhancing its product offerings in various sectors including medical and retail cold chain solutions[45][46] - The company is enhancing its human resources management system to attract high-end management and technical talent to support its digital transformation[103] - The company is implementing a comprehensive risk management system to address credit risks associated with customer receivables[104] Corporate Governance and Compliance - The company has established a robust corporate governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholder rights[107] - The company guarantees the independence of its personnel, assets, and financial operations to maintain operational integrity[108][109] - The company has committed to independent financial decision-making and compliance with tax regulations to ensure financial autonomy[109][111] - The company is focused on minimizing related party transactions to avoid conflicts of interest and ensure operational independence[111] Environmental and Social Responsibility - The company invested 3.42 million yuan in environmental protection during the reporting period[151] - The company reduced hazardous waste disposal by approximately 41.8%, totaling 21.6 tons for the year[153] - The company achieved a 100% accuracy and real-time rate in wastewater discharge monitoring during the reporting period[152] - The company implemented energy-saving measures that are expected to save approximately 200,000 yuan in steam costs annually[156] - The company plans to increase R&D investment to develop more energy-efficient and low-carbon products[157] - The company provided 40,000 yuan in donations for rural revitalization and public welfare activities[158] Future Outlook and Strategic Initiatives - The company anticipates a challenging market environment in 2025, with a focus on innovation as a key driver for high-quality development[84] - The company aims to enhance its competitive edge in the refrigeration sector through a digital transformation and the "Internet + Full Cold Chain" strategy[88] - The company plans to implement a "1+3+N" strategic framework focusing on becoming a leading international innovative technology enterprise in smart refrigeration[88] - The company aims to achieve a revenue target of 8.5 billion yuan and total costs of 8.43 billion yuan for 2025, focusing on maximizing sales and minimizing expenses[89] Shareholder and Financial Information - The total number of ordinary shareholders increased from 51,609 to 62,010 during the reporting period[188] - The largest shareholder, Qingdao Aokema Holding Group Co., Ltd., holds 183,812,152 shares, accounting for 23.03% of total shares[190] - The second-largest shareholder, Qingdao Enterprise Development Investment Co., Ltd., holds 124,605,073 shares, representing 15.61% of total shares[190] - The company has a structured compensation policy that emphasizes performance-based rewards and internal equity among employees[135]