Revenue and Profitability - The company's revenue for Q1 2025 was ¥506.83 million, a decrease of 10.16% compared to ¥564.12 million in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥44.07 million, an improvement of 1.26% from a loss of ¥44.63 million year-on-year[5]. - The company reported a 31.29% decline in revenue from the bathroom business, which generated ¥1.19 billion in sales[9]. - Total operating revenue decreased to ¥506,829,495.36 from ¥564,121,831.18, representing a decline of approximately 10.1% year-over-year[22]. - Net profit for the period was a loss of ¥44,072,061.10, slightly improved from a loss of ¥44,713,917.59 in the previous period[22]. - The company reported an operating loss of ¥39,890,030.05, an improvement from a loss of ¥45,553,412.67 in the previous period[22]. - Basic and diluted earnings per share remained at -¥0.12, consistent with the previous period[22]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to ¥18.47 million, compared to a negative cash flow of ¥53.49 million in the previous year, marking a 134.53% increase[5][10]. - Operating cash flow for the current period is ¥18,470,188.08, a significant improvement from a negative cash flow of ¥53,486,970.39 in the previous period[24]. - Total cash inflow from financing activities increased to ¥669,041,048.64, compared to ¥217,250,833.43 in the prior period, indicating strong financing support[25]. - Net cash flow from financing activities reached ¥159,393,468.13, a turnaround from a negative cash flow of ¥43,411,385.08 in the previous period[25]. - The company reported a net increase in cash and cash equivalents of ¥185,943,842.53, contrasting with a decrease of ¥101,486,163.74 in the previous period[25]. - Cash and cash equivalents increased by 35.96% to ¥741.91 million, driven by increased bank financing and cash generated from operations[12]. - Cash and cash equivalents at the end of the period totaled ¥458,950,966.72, up from ¥336,762,139.41 at the end of the previous period[25]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5.94 billion, a slight increase of 0.72% from the previous year[5]. - The company's total assets amounted to ¥5,935,185,754.74, an increase from ¥5,892,712,569.49[20]. - Current liabilities increased to ¥2,607,502,051.54 from ¥2,545,560,329.79, reflecting a rise of approximately 2.3%[20]. - Non-current liabilities totaled ¥1,741,035,190.11, up from ¥1,716,453,964.85, indicating an increase of about 1.4%[20]. - The company's total equity attributable to shareholders decreased to ¥1,586,648,513.09 from ¥1,630,698,274.85, a decline of approximately 2.7%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,293[14]. - The top 10 shareholders collectively hold 38.77% of the shares, with Liu Jin holding 7.87% (31,016,189 shares) and Wu Zhixiong holding 7.72% (30,421,897 shares)[14]. - The company has a total of 21,791,700 shares in its repurchase account, representing 5.53% of the total share capital[14]. - The company has not reported any changes in the top 10 shareholders due to securities lending activities[15]. - The company has not issued any preferred shares or reported on preferred shareholders[16]. Research and Development - Research and development expenses decreased by 36.24% to ¥18.08 million compared to ¥28.35 million in the same period last year[13]. - Research and development expenses were ¥18,075,227.57, down from ¥28,350,966.86, a decrease of about 36.3% year-over-year[22]. Inventory and Receivables - Accounts receivable stand at ¥730,399,446.77, slightly up from ¥722,068,558.44 at the start of the period[18]. - Inventory decreased to ¥610,975,070.18 from ¥680,728,910.24, indicating a reduction in stock levels[18]. - The total current assets amount to ¥2,604,010,757.74, compared to ¥2,517,075,942.31 at the beginning of the period[18]. Investment Activities - The company achieved a 275.64% increase in cash flow from investing activities, totaling ¥8.08 million, primarily due to cash received from the disposal of assets[13]. - Cash inflow from investment activities increased to ¥29,213,343.67, compared to ¥10,105,040.80 in the previous period, showing enhanced asset management[24]. - Cash outflow for investment activities rose to ¥21,135,553.04 from ¥14,704,168.99, reflecting ongoing investments in long-term assets[24]. Audit and Reporting - The company has not yet audited its first-quarter report for 2025, which may impact the reliability of the financial data presented[26].

Financial Performance - The company's revenue for Q1 2025 was ¥750,944,541.83, a decrease of 22.60% compared to ¥970,218,416.49 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥13,043,887.84, representing a decline of 298.13% from a loss of ¥3,276,270.44 in the previous year[5] - The basic and diluted earnings per share were both -¥0.0160, a decrease of 300.00% from -¥0.0040 in the same period last year[5] - The company reported a net loss of CNY 731,536,209.16, compared to a loss of CNY 718,492,321.32 in the previous period[15] - The company incurred a total comprehensive loss of -¥10,076,098.93, contrasting with a total comprehensive income of ¥8,511,524.92 in the previous period[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,705,185,993.82, down 4.38% from ¥1,783,275,882.79 at the end of the previous year[5] - Current assets totaled CNY 1,243,116,733.14, down from CNY 1,324,168,212.74[14] - Total liabilities decreased to CNY 1,308,444,700.80 from CNY 1,387,292,773.10[15] - Current liabilities totaled CNY 1,237,348,930.71, down from CNY 1,318,319,597.20[15] - The equity attributable to shareholders decreased by 7.50% to ¥43,768,300.47 from ¥47,317,783.82 at the end of the previous year[5] Cash Flow - The net cash flow from operating activities was ¥93,866,959.30, a slight decrease of 0.36% compared to ¥94,210,066.09 in the same period last year[5] - Cash and cash equivalents increased to CNY 38,485,961.13 from CNY 30,625,751.38[13] - Cash and cash equivalents at the end of the period amount to ¥38,485,961.13, compared to ¥40,391,549.16 at the end of the previous period[19] Inventory and Expenses - The company reported a significant increase in inventory, which rose by 90.63% to ¥324,960,767.77 from ¥170,464,602.17[8] - Total operating costs for the current period are ¥756,099,080.51, down 20.1% from ¥946,978,040.87 in the previous period[16] - The company experienced a decrease in sales expenses to ¥9,173,018.78 from ¥9,244,493.52 in the previous period[16] - Research and development expenses decreased to ¥1,602,820.62 from ¥1,931,944.98 in the previous period, reflecting a reduction in investment in innovation[16] Other Financial Metrics - The company's contract liabilities surged by 1994.78% to ¥12,734,435.62, indicating a substantial increase in customer prepayments[8] - Financial expenses decreased by 40.12% to ¥7,878,756.54, primarily due to a reduction in factoring interest expenses[8] - The company recorded a credit impairment loss of ¥508,551.25, a significant increase of 961.76% compared to a loss of -¥59,013.30 in the previous year[8] - The company reported an investment loss of -¥1,048,046.46, an improvement from -¥2,045,057.78 in the previous period[16]

Financial Performance - The company's operating revenue for Q1 2025 was ¥960,815,810.42, a decrease of 3.30% compared to ¥993,649,730.58 in the same period last year[5] - Net profit attributable to shareholders increased by 44.74% to ¥81,046,998.85 from ¥55,993,847.24 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 154.61% to ¥81,702,229.17 compared to ¥32,089,673.80 in the previous year[5] - Basic earnings per share rose by 44.64% to ¥0.1092 from ¥0.0755 in the same period last year[5] - The total revenue for the current period is CNY 960,815,810.42, a decrease of approximately 3.3% compared to CNY 993,649,730.58 in the previous period[24] - The total profit for the current period is 98,408,173.00, up from 86,331,999.22, reflecting a growth of 14.4%[25] - The total comprehensive income for the current period is 81,847,008.29, compared to 56,455,399.07 in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,885,755,829.54, reflecting a 3.61% increase from ¥10,506,489,178.26 at the end of the previous year[5] - The total liabilities increased to CNY 7,991,358,677.58 from CNY 7,693,493,743.21, reflecting an increase of about 3.9%[23] - The equity attributable to the owners of the parent company rose to CNY 2,885,616,943.61 from CNY 2,804,835,501.96, showing an increase of approximately 2.9%[23] Cash Flow - Cash flow from operating activities turned negative at -¥52,325,874.53, a decline of 123.33% compared to ¥224,275,567.07 in the same period last year[5] - The net cash flow from operating activities is -52,325,874.53, a decrease from 224,275,567.07 in the previous period[27] - The company generated 791,308,561.41 in cash from sales, a decrease of 30.9% compared to 1,146,467,462.45 in the previous period[27] - The net cash flow from investing activities is 100,504,176.84, compared to -50,907,886.26 in the previous period[28] - The company raised 384,300,000.00 in cash from financing activities, a significant decrease from 1,054,284,877.52[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,806, with no preferred shareholders having restored voting rights[19] - The top 10 shareholders hold a combined 87.88% of the shares, with the largest shareholder, He Qiqiang, owning 25.77% (191,213,800 shares) and the second-largest, Mai Zhenghui, owning 23.06% (171,101,000 shares)[19] - The top 10 unrestricted shareholders include Zhongshan Changqing New Industry Co., Ltd. with 88,800,000 shares and He Qiqiang with 47,803,450 shares[19] - He Qiqiang and Mai Zhenghui have signed an agreement to continue as concerted actors, extending their agreement until January 13, 2026[20] - The company has a total of 4,292,700 shares held by shareholder Li Xin through a margin trading account[19] - The company reported that Huang Wangping's shares are frozen, totaling 12,083,000 shares[19] Strategic Developments - The company has signed a share transfer agreement to sell 100% of its subsidiary, Yutai Changqing Environmental Energy Co., Ltd., for a total consideration of RMB 293 million, with RMB 139 million already received[20] - The company has entered into a strategic cooperation framework agreement with Zhongke Xinkong (Beijing) Technology Co., Ltd. to promote digital transformation and smart upgrades in the industry[20] - The company has acquired a 49% stake in Zhongke Xinkong Big Data Co., Ltd. for RMB 5.025587 million, with the transaction completed and registered[20] - The company is currently undergoing compliance review for a share transfer agreement with Beijing Zhongke Hongyuan Information Technology Co., Ltd.[20] Tax and Other Income - Other income increased by 35.57% due to more projects meeting tax refund conditions, leading to higher VAT refunds[13] - The company experienced a 43.58% decrease in income tax expenses, primarily due to a decline in taxable income from some profitable subsidiaries[15] - The company reported a foreign exchange gain of 179,734.18, recovering from a loss of -203,413.19 in the previous period[25]

Financial Performance - The company's revenue for Q1 2025 reached ¥2,117,841,363.93, representing a 30.88% increase compared to ¥1,618,200,158.07 in the same period last year[5] - Net profit attributable to shareholders was ¥260,269,655.73, up 5.85% from ¥245,896,563.91 year-on-year[5] - Net profit for the current period was ¥267,816,764.05, representing a 7% increase from ¥250,366,108.23 in the previous period[20] - Basic and diluted earnings per share for the current period were both ¥0.5469, compared to ¥0.5167 in the previous period, reflecting an increase of 5.2%[20] Cash Flow - The net cash flow from operating activities improved significantly to -¥32,159,095.88, a 85.74% increase compared to -¥225,514,244.79 in the previous year[5] - Operating cash flow for the current period was -32,159,095.88 CNY, an improvement from -225,514,244.79 CNY in the previous period[21] - Cash inflow from operating activities was 1,703,307,176.08 CNY, slightly up from 1,633,916,295.80 CNY[21] - Net cash flow from financing activities was 1,053,215,659.64 CNY, compared to 478,863,236.00 CNY in the previous period[22] - Cash and cash equivalents at the end of the period totaled 1,974,163,073.74 CNY, an increase from 1,840,036,693.33 CNY[22] Assets and Liabilities - Total assets increased by 7.61% to ¥15,922,855,850.69 from ¥14,796,659,087.29 at the end of the previous year[5] - Total liabilities rose to ¥6,652,565,190.40, up from ¥5,752,834,677.02, indicating an increase of 15.6%[17] - The company's equity attributable to shareholders reached ¥7,422,362,634.90, an increase from ¥7,203,443,493.20, marking a growth of 3%[17] - The total liabilities to equity ratio increased to 0.72 from 0.64, indicating a higher leverage position[17] Shareholder Information - The company reported a total of 51,276 common shareholders at the end of the reporting period[11] - The company reported a total of 10 major shareholders, with the largest shareholder holding 22.00% of the shares[12] Operational Metrics - The company's basic earnings per share rose to ¥0.5469, reflecting a 5.84% increase from ¥0.5167 in the same period last year[5] - Total operating revenue for the current period reached ¥2,117,841,363.93, a significant increase of 30.9% compared to ¥1,618,200,158.07 in the previous period[19] - Total operating costs amounted to ¥1,803,344,764.23, up 37.3% from ¥1,312,236,045.44 in the prior period[19] Investments and Expenses - Research and development expenses for the current period were ¥68,672,025.00, up 25.9% from ¥54,456,917.48 in the previous period[19] - Long-term borrowings surged by 129.08% to ¥2,284,573,687.53, primarily due to increased borrowing for asset acquisition[9] - Sales expenses increased by 70.31% to ¥85,787,223.61, driven by higher sales activities during the quarter[9] Other Information - The company has not disclosed any new product or technology developments during the conference call[14] - There were no significant mergers or acquisitions mentioned in the earnings call[14] - The company did not provide specific future guidance or market expansion strategies in the call[14] - The company reported a decrease in other comprehensive income, with a net amount of -¥45,261,043.80 compared to -¥100,402,408.69 in the previous period[20] - The impact of exchange rate changes on cash and cash equivalents was -58,926,832.47 CNY, compared to a positive impact of 28,789,098.01 CNY in the previous period[22]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,479,463,215.33, a decrease of 3.54% compared to CNY 5,680,365,003.03 in the same period last year[4] - Net profit for Q1 2025 reached CNY 2,246,863,297.16, representing a significant increase of 35.62% from CNY 1,656,724,643.77 year-on-year[4] - The net profit attributable to shareholders was CNY 1,977,325,721.80, up 42.50% from CNY 1,387,612,479.52 in the previous year[4] - The net cash flow from operating activities was CNY 16,857,018,413.64, a substantial improvement from a negative cash flow of CNY -12,579,208,313.59 in the same period last year[4] - The company's basic earnings per share increased to CNY 0.08, a rise of 33.33% compared to CNY 0.06 in the same period last year[4] - The weighted average return on equity improved to 1.87%, an increase of 0.50 percentage points from 1.37% year-on-year[4] - Net commission and fee income increased to RMB 1,910,800,799.43, up 31.66% from RMB 1,451,792,419.36 in the same period last year[18] - Investment income surged to RMB 4,240,046,254.86, compared to a loss of RMB 1,729,602,177.23 in Q1 2024[18] - The company reported a total comprehensive income of RMB 2,103,569,008.29 for Q1 2025, slightly down from RMB 2,181,401,837.68 in Q1 2024[18] Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 671,479,514,843.67, down 3.74% from CNY 697,596,593,301.18 at the end of the previous year[4] - Total assets as of March 31, 2025, amounted to RMB 671.48 billion, a decrease from RMB 697.60 billion as of December 31, 2024[16] - Total liabilities decreased to RMB 536.01 billion from RMB 564.25 billion during the same period[16] - The company's cash and cash equivalents were RMB 126.43 billion, down from RMB 134.14 billion[16] - Customer deposits decreased to RMB 92.64 billion from RMB 100.27 billion[16] - The total equity attributable to shareholders increased to RMB 106.61 billion from RMB 104.78 billion[16] Shareholder Information - The number of common shareholders at the end of the reporting period was 234,677, with 10 major shareholders holding 73.31% of the shares[12] - The largest shareholder, China Jianyin Investment, held 26.34% of the shares, totaling 6,596,306,947 shares[12] - The total number of shares held by the top 10 unrestricted shareholders was 18,000,000,000 shares[12] Business Segments - The investment banking business net income rose by 79.40% to CNY 307,285,593.06 from CNY 171,283,493.82 in the previous year[9] - The core net capital at the end of the reporting period was CNY 67,501,612,277.13, reflecting a 2.19% increase from CNY 66,054,819,574.41 at the end of the previous year[9] - The risk coverage ratio improved to 403.36%, an increase of 19.32 percentage points from 384.04% at the end of the previous year[9] Cash Flow and Expenses - The operating expenses decreased to RMB 2,677,449,128.56, down 27.54% from RMB 3,700,989,966.02 in the same quarter last year[18] - Total cash and cash equivalents at the end of Q1 2025 amounted to RMB 153,782,260,861.91, compared to RMB 132,925,447,430.94 at the end of Q1 2024[20] Other Information - The company did not report any new product launches or significant market expansion strategies during the conference call[21]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,767,593,240, representing a 1.40% increase compared to CNY 5,688,211,871 in the same period last year[4] - Net profit attributable to shareholders decreased by 12.39% to CNY 565,467,923 from CNY 645,401,996 in the previous year[4] - The net profit after deducting non-recurring gains and losses fell by 18.36% to CNY 486,600,462 from CNY 596,005,077 year-on-year[4] - Basic and diluted earnings per share decreased to CNY 0.33 from CNY 0.56, a decline of 13.16%[5] - The weighted average return on net assets decreased by 0.82 percentage points to 2.85% from 3.67%[5] - Total operating revenue for Q1 2025 was ¥5,767,593,240, a slight increase from ¥5,688,211,871 in Q1 2024, representing a growth of approximately 1.4%[22] - Net profit for Q1 2025 was ¥566,016,679.57, down from ¥647,965,983.87 in Q1 2024, indicating a decrease of approximately 12.6%[23] - The company reported a total comprehensive income of ¥586,236,716.23 for Q1 2025, down from ¥648,208,736.76 in Q1 2024, reflecting a decline of about 9.6%[23] - Basic and diluted earnings per share for Q1 2025 were both ¥0.33, compared to ¥0.38 in Q1 2024, indicating a decrease of approximately 13.2%[23] - The company’s total profit before tax for Q1 2025 was ¥667,657,454.46, down from ¥783,515,553.34 in Q1 2024, representing a decrease of approximately 14.8%[23] Cash Flow and Assets - Cash flow from operating activities increased significantly by 93.64% to CNY 887,754,726 compared to CNY 458,453,067 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was ¥887,754,726.36, significantly higher than ¥458,453,066.99 in Q1 2024, showing an increase of approximately 93.8%[26] - Cash and cash equivalents increased to RMB 4,112,318,962.73 from RMB 3,987,765,850.28, representing a growth of approximately 3.14%[17] - Cash and cash equivalents at the end of Q1 2025 were ¥3,686,674,967.34, a decrease from ¥3,767,773,851.67 at the end of Q1 2024[27] - As of March 31, 2025, the total assets of the company amounted to RMB 37,928,040,016.12, an increase from RMB 37,543,871,905.42 as of December 31, 2024, reflecting a growth of approximately 1.03%[17][19] - The company's current assets totaled RMB 19,017,982,080.00, up from RMB 18,683,213,806.32, indicating an increase of about 1.79%[17] - The company's accounts receivable decreased to RMB 5,155,425,358.10 from RMB 6,425,588,731.75, a decline of about 19.77%[17] - The total liabilities decreased to RMB 15,207,615,108.38 from RMB 17,960,618,429.96, a reduction of approximately 15.43%[19] - The company reported a total of RMB 10,897,848,381.27 in capital reserves as of March 31, 2025, compared to RMB 8,255,524,193.88 at the end of 2024, indicating an increase of approximately 32.1%[19] Shareholder Equity and Dividends - Shareholders' equity attributable to the parent company increased by 16.04% to CNY 22,686,886,003 from CNY 19,550,263,950 at the end of the previous year[5] - The company's equity attributable to shareholders increased to RMB 22,686,886,003.16 from RMB 19,550,263,949.66, reflecting a growth of about 15.67%[19] - The company plans to distribute a cash dividend of CNY 0.556 per share and increase capital by 0.45 shares for every share held, totaling CNY 646,503,426.53 in cash dividends[5] Expenses and Costs - Total operating costs increased to ¥5,272,263,011.79 in Q1 2025 from ¥4,983,177,157.08 in Q1 2024, reflecting a rise of about 5.8%[22] - Research and development expenses rose to ¥342,177,460.03 in Q1 2025, compared to ¥255,646,435.02 in Q1 2024, marking an increase of about 33.8%[22] Debt and Borrowings - The company's short-term borrowings rose to RMB 1,226,830,470.31 from RMB 930,632,816.92, an increase of approximately 31.8%[19] - The company completed the redemption of "Top Bond" on March 14, 2025, resulting in a total share count of 1,737,835,580 shares[13][14] Accounting Changes - Ningbo Top Group Co., Ltd. will implement new accounting standards starting from 2025, affecting the financial statements from the beginning of that year[28]

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,562,489,599.05, representing an increase of 800.98% compared to the same period last year[4] - Net profit attributable to shareholders was ¥376,144,390.86, a significant recovery from a loss of ¥218,754,276.47 in the previous year[4] - The net cash flow from operating activities improved to ¥729,755,962.41, compared to a negative cash flow of ¥1,018,886,181.06 in the same quarter last year[4] - Net profit for Q1 2025 reached ¥378.83 million, a significant recovery from a net loss of ¥216.65 million in Q1 2024[23] - Total operating revenue for Q1 2025 was ¥1.56 billion, a substantial increase from ¥173.42 million in Q1 2024, reflecting a growth of approximately 803.5%[23] - The company reported a net interest income of -¥4.68 million in Q1 2025, an improvement from -¥26.79 million in Q1 2024[23] - Commission and fee income for Q1 2025 was ¥845.79 million, up from ¥338.34 million in Q1 2024, indicating a growth of about 150.5%[23] - Investment income for Q1 2025 was ¥689.62 million, a recovery from a loss of -¥867.99 million in Q1 2024[23] - The company reported a total comprehensive income of ¥243.52 million for Q1 2025, compared to ¥97.21 million in Q1 2024[32] Asset and Liability Management - Total assets increased by 79.53% year-on-year, reaching ¥174,517,507,696.98 at the end of the reporting period[5] - The company's total liabilities increased significantly, with accounts payable rising to 874,547,862.46, a 128.27% increase from the previous year, primarily due to newly consolidated subsidiaries[10] - Total assets as of March 31, 2025, amounted to CNY 128.04 billion, an increase from CNY 95.14 billion at the end of 2024[29] - The company's total liabilities were CNY 78.29 billion, slightly up from CNY 77.05 billion at the end of 2024[30] - Total liabilities rose to ¥123.54 billion, compared to ¥78.26 billion at the end of 2024, marking an increase of about 58.0%[20] Equity and Capital Structure - The total equity attributable to shareholders increased by 171.68% to ¥50,490,133,266.27 compared to the end of the previous year[5] - The total equity attributable to shareholders increased to CNY 49.76 billion from CNY 18.09 billion at the end of 2024[30] - The net capital of the parent company rose to ¥17,938,915,523.01, up from ¥16,342,765,035.57 at the end of the previous year[6] - The company completed the issuance of 2,640,269,065 new A-shares, increasing total A-shares to 5,029,402,233[19] Cash Flow Analysis - The net cash flow from investing activities surged to 15,697,421,692.86, a 493.35% increase compared to 2,645,572,124.88 in Q1 2024, mainly attributed to newly consolidated subsidiaries[10] - Operating cash flow for Q1 2025 was CNY 729.76 million, a significant improvement from a net outflow of CNY 1.02 billion in Q1 2024[26] - Cash and cash equivalents at the end of Q1 2025 reached CNY 46.00 billion, compared to CNY 18.49 billion at the end of Q1 2024[27] - The net cash flow from operating activities for Q1 2025 was ¥891.43 million, a significant improvement from a negative cash flow of ¥1.23 billion in Q1 2024[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,094, with no preferred shareholders with restored voting rights[11] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 23.86% of the shares, while the combined holdings of related parties amount to 38.52%[13] Other Financial Metrics - The liquidity coverage ratio improved to 237.79%, compared to 161.85% at the end of the previous year[6] - The company achieved a weighted average return on equity of 0.96%, an increase of 2.19 percentage points from the previous year[4] - The basic and diluted earnings per share for the period were CNY 0.08, compared to a loss of CNY 0.08 in the previous period[24] - The company raised CNY 4.57 billion through bond issuance in Q1 2025, compared to CNY 3.19 billion in the same period last year[27]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,849,869,296.47, representing a decrease of 8.08% compared to CNY 2,012,495,619.91 in the same period last year[3] - Net profit attributable to shareholders increased by 16.61% to CNY 456,446,940.45 from CNY 391,428,528.81 year-on-year[3] - Basic and diluted earnings per share rose by 11.33% to CNY 0.1425 from CNY 0.1280 in the previous year[4] - Total operating revenue for Q1 2025 was ¥1,849,869,296.47, a decrease of 8.09% from ¥2,012,495,619.91 in Q1 2024[22] - Net profit for Q1 2025 reached ¥477,424,961.00, an increase of 17.43% compared to ¥406,578,028.41 in Q1 2024[23] - Total comprehensive income for the period reached CNY 475,507,836.91, an increase from CNY 411,264,331.75 in the previous year, representing a growth of approximately 15.6%[24] - Basic and diluted earnings per share increased to CNY 0.1425 from CNY 0.1280, reflecting a rise of about 3.5%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 63,374,669,479.87, reflecting a growth of 3.77% from CNY 61,070,435,445.00 at the end of the previous year[4] - Total liabilities increased to ¥42,217,542,279.56 from ¥41,574,810,358.73, reflecting a growth of 1.55%[19] - Long-term borrowings stood at ¥35,281,441,819.17, an increase from ¥33,593,725,819.17, indicating a growth of 5.02%[18] - The company reported a decrease in short-term borrowings to ¥510,308,194.45 from ¥710,503,750.01, a reduction of 28.19%[18] Shareholder Information - Shareholders' equity attributable to the parent company increased by 8.91% to CNY 20,044,104,190.31 from CNY 18,404,171,806.44 year-on-year[4] - The total number of ordinary shareholders at the end of the reporting period was 49,867[9] - The total number of ordinary shareholders as of the report date is 49,867, including 49,625 A-share shareholders and 242 H-share shareholders[11] - The top 10 shareholders hold a significant portion of the company's shares, with Shudao Investment Group holding 1,218,979,662 shares, representing 39.86% of the total[10] - The company’s major shareholder, Shudao Investment Group, has a 5.77% stake in the controlling subsidiary, indicating a complex ownership structure[11] Cash Flow - The net cash flow from operating activities decreased by 35.88% to CNY 512,374,211.98, down from CNY 799,025,576.88 in the same period last year, primarily due to lower operating revenue and unreceived tax refunds[7] - Cash flow from operating activities generated a net amount of CNY 512,374,211.98, down from CNY 799,025,576.88, indicating a decrease of approximately 35.9%[27] - Cash inflow from financing activities significantly increased to CNY 7,542,854,000.00 compared to CNY 1,585,410,000.00 in the previous year, marking a growth of about 376.5%[27] - The net cash flow from investing activities was negative at CNY -798,159,992.14, an improvement from CNY -1,003,295,308.12 year-over-year[27] - The ending balance of cash and cash equivalents rose to CNY 4,512,436,933.83, up from CNY 2,666,369,525.39, representing an increase of approximately 69.1%[28] - Cash received from sales of goods and services was CNY 1,713,290,749.11, a decrease from CNY 2,042,567,783.24, reflecting a decline of about 16.1%[26] - Total cash outflow from operating activities was CNY 1,392,907,317.61, slightly down from CNY 1,393,365,311.69, indicating a marginal decrease of 0.03%[27] - Cash received from investment activities totaled CNY 32,877,693.35, compared to CNY 14,550,695.71 in the previous year, showing an increase of approximately 125.5%[27] Projects and Investments - The Chengle Expressway expansion project has a total estimated investment of approximately RMB 251.5 billion, with cumulative investments reaching about RMB 137.82 billion as of March 31, 2025[12][13] - The Tianqiong Expressway BOT project has an estimated total investment of approximately RMB 86.85 billion, with cumulative investments of about RMB 69.56 billion as of March 31, 2025[14] - The company is involved in the investment and construction of the Chengdu Tianfu New Area to Qionglai Expressway project, which is expected to be completed by September 13, 2024[14] - The company has completed the dual-lane operation of the Chengle Expressway expansion project, enhancing overall traffic capacity and service levels[12] Audit and Review - The company did not conduct an audit for the quarterly financial report[2] - The company’s financial statements are unaudited as of March 31, 2025, indicating a need for further review before finalizing financial results[15] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and revenue growth[29]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 6,895,682,446, representing a 4.47% increase compared to CNY 6,600,382,306 in the same period last year[5] - Net profit attributable to shareholders decreased by 14.40% to CNY 468,184,864 from CNY 546,940,436 year-on-year[5] - The net profit after deducting non-recurring gains and losses fell by 23.02% to CNY 416,187,540 compared to CNY 540,658,598 in the previous year[5] - Basic and diluted earnings per share decreased by 14.29% to CNY 0.066 from CNY 0.077 year-on-year[5] - Net profit for Q1 2025 was CNY 469,320,847, down 14.26% from CNY 547,495,690 in Q1 2024[17] - The company reported a basic earnings per share of CNY 0.066 for Q1 2025, down from CNY 0.077 in Q1 2024[19] Cash Flow and Assets - The net cash flow from operating activities was CNY 849,822,972, down 5.58% from CNY 900,003,348 in the same period last year[5] - Cash and cash equivalents at the end of Q1 2025 were CNY 2,335,160,601, down from CNY 2,617,982,772 in Q1 2024[21] - Operating cash flow for Q1 2025 was CNY 849,822,972, a decrease from CNY 900,003,348 in Q1 2024[21] - Total assets at the end of the reporting period were CNY 36,189,454,267, a decrease of 1.03% from CNY 36,567,255,729 at the end of the previous year[5] - Total assets as of March 31, 2025, amounted to CNY 36,189,454,267, a decrease from CNY 36,567,255,729 at the end of 2024[15] Shareholder Equity - Shareholders' equity attributable to shareholders increased by 1.95% to CNY 27,638,428,357 from CNY 27,109,235,057 at the end of the previous year[5] - The total equity attributable to shareholders increased to CNY 27,638,428,357 from CNY 27,109,235,057[15] Liabilities - Total liabilities decreased to CNY 8,589,904,968 from CNY 9,498,035,713, reflecting a reduction of 9.57%[15] Government Support - The company received government subsidies amounting to CNY 79,842,279, which positively impacted the financial results[7] Future Outlook - The company plans to continue focusing on operational efficiency and cost management to improve profitability in the upcoming quarters[22]

赛力斯集团股份有限公司2025 年第一季度报告 证券代码：601127 证券简称：赛力斯 赛力斯集团股份有限公司 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。 公司负责人张正萍、主管会计工作负责人刘联及会计机构负责人（会计主管人员）刘德林保证季 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 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 1 / 11 项目 本报告期 上年同期 本报告期比上年同期 增减变动幅度(%) 营业收入 19,147,080,403.63 26,560,677,504.81 -27.91 归属于上市公司股东的净利润 747,793,485.81 219,551,774.68 240.60 归属于上市公司股东的扣除非 经常性损益的净利润 393,854,971.81 114,379,37 ...