许继电气(000400) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,348,151,832.86, a decrease of 16.42% compared to ¥2,809,529,576.01 in the same period last year[3] - Net profit attributable to shareholders was ¥207,580,192.56, down 12.47% from ¥237,156,160.87 year-on-year[3] - Basic earnings per share were ¥0.2054, reflecting a decline of 12.67% from ¥0.2352 in the same period last year[3] - Net profit for the current period was CNY 236,322,518.20, a decline of 10.3% from CNY 263,546,497.94 in the previous period[19] - Earnings per share (basic) decreased to 0.2054 from 0.2352, reflecting a decline of 20.5%[19] Cash Flow - The net cash flow from operating activities decreased by 37.44%, amounting to ¥162,863,495.54 compared to ¥260,311,577.56 in the previous year[3] - Cash flow from operating activities generated a net amount of CNY 162,863,495.54, down 37.4% from CNY 260,311,577.56 in the previous period[20] - The company reported a cash inflow from operating activities totaling CNY 3,685,661,683.35, compared to CNY 3,456,505,276.04 in the previous period, indicating a growth of 6.6%[20] - Cash outflow for investment activities was $55.18 million, compared to $26.75 million in the prior period, resulting in a net cash flow from investment activities of -$55.11 million[21] - Cash outflow for financing activities amounted to $87.12 million, a substantial rise from $1.25 million in the previous period, leading to a net cash flow from financing activities of -$87.12 million[21] - The net increase in cash and cash equivalents was $20.92 million, down from $232.33 million in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥24,854,163,596.44, a decrease of 1.62% from ¥25,264,618,662.84 at the end of the previous year[3] - Accounts receivable decreased to ¥7,777,451,139.38 from ¥8,794,490,484.78, reflecting a decline of approximately 11.5%[14] - Total liabilities decreased to CNY 12,219,694,829.62 from CNY 12,882,777,516.93, a reduction of 5.1%[16] - Total equity increased to CNY 12,634,468,766.82 from CNY 12,381,841,145.91, an increase of 2.0%[16] Expenses - Sales expenses rose by 68.73% to ¥111,928,585.46, primarily due to the establishment of a secondary marketing system[7] - Research and development expenses rose to CNY 98,460,302.48, up 16.5% from CNY 84,250,282.22 in the previous period[18] - Total operating costs decreased to CNY 2,114,398,659.15, down 17.4% from CNY 2,561,629,169.45 in the previous period[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 80,733[10] - The largest shareholder, China Electric Equipment Group Co., Ltd., holds 37.91% of shares, totaling 386,286,454 shares[10] Other Information - The company reported a significant increase in contract liabilities, rising to ¥2,167,376,108.92 from ¥1,713,252,096.39, which is an increase of about 26.5%[15] - The company has no reported changes in the participation of major shareholders in margin trading or securities lending activities[12] - The company’s first quarter report was not audited[22] - The new accounting standards will be implemented starting in 2025[22] - The company’s board of directors issued a statement on April 9, 2025[23]