Hsino Tower (SH:601096)2025-04-15 13:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,292,200,943.80, a decrease of 9.28% compared to CNY 2,526,777,419.66 in the same period last year[3] - Net profit attributable to shareholders increased by 113.13% to CNY 88,728,797.48 from CNY 41,630,680.02 year-on-year[3] - The net profit after deducting non-recurring gains and losses rose by 133.73% to CNY 83,284,075.14 compared to CNY 35,632,038.91 in the previous year[3] - The basic and diluted earnings per share were both CNY 0.0332, reflecting a growth of 112.82% from CNY 0.0156 in the same period last year[3] - Operating profit for Q1 2025 was ¥111,974,895.65, up 112.5% from ¥52,568,254.08 in Q1 2024[17] - Net profit for Q1 2025 reached ¥88,728,797.48, representing a significant increase of 113.25% from ¥41,630,680.02 in Q1 2024[18] - The basic and diluted earnings per share for Q1 2025 were both ¥0.0332, compared to ¥0.0156 in Q1 2024, reflecting improved profitability[18] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -299,151,051.23, a significant decline compared to CNY 26,166,309.55 in the same period last year, representing a decrease of 1,243.27%[3] - Cash flow from operating activities for Q1 2025 was negative at -¥299,151,051.23, compared to a positive cash flow of ¥26,166,309.55 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 totaled ¥1,474,296,003.33, a decrease from ¥1,264,228,208.48 in Q1 2024[21] - Total current assets as of March 31, 2025, amounted to RMB 7,199.2959 million, a decrease from RMB 7,366.7059 million on December 31, 2024[12] Liabilities and Equity - Total liabilities as of March 31, 2025, were RMB 4,847.5548 million, down from RMB 4,912.7266 million[14] - The equity attributable to shareholders rose to RMB 4,489.7069 million from RMB 4,395.3188 million, an increase of approximately 2.1%[14] Research and Development - Research and development expenses increased to ¥33,538,947.14 in Q1 2025, up from ¥25,148,827.22 in Q1 2024, indicating a focus on innovation[17] Government and Land Compensation - Government subsidies recognized in the current period amounted to CNY 5,250,815.67, contributing to the overall financial performance[5] - Zhejiang Shengda's land of 234.47 acres will be legally expropriated, with a total compensation amount of RMB 645.0736 million[10] - The first compensation payment of RMB 193.5221 million was received on November 13, 2024[10] - The first phase of land auction was completed on December 26, 2024, with a transaction price of RMB 98 million for 196 acres[10] - The company signed a compensation agreement with the Xiaoshan Economic Development Zone Management Committee on October 30, 2024[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 92,547[8] Inventory and Receivables - Accounts receivable increased to RMB 2,924.6632 million from RMB 2,268.0799 million, reflecting a growth of approximately 28.9%[12] - Inventory decreased to RMB 1,995.8762 million from RMB 2,292.0453 million, a decline of about 12.9%[12] Cost Management - The company is focusing on cost reduction and efficiency improvement measures to enhance gross margins amid fluctuating raw material prices[6] - Total operating costs for Q1 2025 were ¥2,163,521,606.23, down 11.85% from ¥2,454,743,608.16 in Q1 2024[17]