HISUN(SH:600267)2025-04-16 10:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,631,818,241.67, a decrease of 3.48% compared to CNY 2,726,615,253.70 in the same period last year[4] - Net profit attributable to shareholders decreased by 21.85% to CNY 194,227,169.89 from CNY 248,531,288.09 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 36.94% to CNY 182,165,119.51, driven by sales growth in formulation products and a decrease in management and financial expenses[9] - Basic and diluted earnings per share were both CNY 0.17, a decline of 19.05% compared to CNY 0.21 in the same period last year[4] - Operating profit for the first quarter of 2025 was CNY 250,471,888.13, down from CNY 272,881,031.20 in the same period last year, reflecting a decline of 8.2%[22] - The company reported a total comprehensive income of CNY 196,473,268.78 for the first quarter of 2025, down from CNY 245,632,682.54 in the previous year[22] Cash Flow and Investments - The cash flow from operating activities was CNY 262,707,064.99, down 16.62% from CNY 315,089,920.00 in the previous year[4] - The company incurred a net cash outflow from investing activities of CNY 70,337,276.94 in the first quarter of 2025, compared to a net outflow of CNY 44,937,611.26 in the same period last year[26] - Cash and cash equivalents at the end of the first quarter of 2025 amounted to CNY 1,309,245,786.53, slightly down from CNY 1,328,867,292.79 at the end of the first quarter of 2024[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,007,754,840.98, a slight increase of 0.22% from CNY 15,972,478,068.00 at the end of the previous year[5] - Current assets as of March 31, 2025, totaled RMB 5,897,305,458.33, an increase from RMB 5,661,385,005.93 as of December 31, 2024[15] - Total liabilities as of March 31, 2025, were RMB 7,231,171,793.27, down from RMB 7,393,464,632.58 at the end of 2024[17] - Total equity attributable to shareholders as of March 31, 2025, was RMB 8,536,352,053.62, an increase from RMB 8,341,353,163.16 at the end of 2024[17] Shareholder Information - The top ten shareholders hold a combined 47.73% of the company's shares, with Zhejiang Haizheng Group Co., Ltd. being the largest shareholder at 26.76%[12] - The company plans to implement an employee stock ownership plan using repurchased shares, which currently account for 2.52% of total shares outstanding[1] Operational Focus - The company plans to focus on the growth of its formulation products and improve operational efficiency to enhance profitability in the upcoming quarters[9] Revenue and Costs - Total operating revenue for Q1 2025 was RMB 2,631,818,241.67, a decrease of 3.5% compared to RMB 2,726,615,253.70 in Q1 2024[20] - Total operating costs for Q1 2025 were RMB 2,362,401,236.88, down 8.4% from RMB 2,578,018,340.82 in Q1 2024[20] - Operating costs included RMB 1,522,948,352.79 for cost of goods sold in Q1 2025, a decrease of 12.5% from RMB 1,740,824,816.68 in Q1 2024[20] Accounts and Inventory - Cash and cash equivalents amounted to RMB 1,589,058,962.48 as of March 31, 2025, compared to RMB 1,497,647,788.41 at the end of 2024[15] - Accounts receivable increased to RMB 1,849,295,800.80 as of March 31, 2025, from RMB 1,773,514,695.37 at the end of 2024, reflecting a growth of 4.3%[15] - Inventory as of March 31, 2025, was RMB 1,755,340,579.32, a slight decrease from RMB 1,794,664,257.48 at the end of 2024[15] Expenses - The company’s sales expenses increased to CNY 504,930,925.85 in the first quarter of 2025, up from CNY 470,410,988.15 in the same period last year, reflecting an increase of 7.4%[22] - The company reported a significant decrease in investment income, with a loss of CNY 14,858,735.54 in the first quarter of 2025, compared to a gain of CNY 122,620,672.11 in the first quarter of 2024[22]