Financial Performance - The company's operating revenue for Q1 2025 was CNY 9,910,012,731, representing a 12.16% increase compared to CNY 8,835,664,711 in the same period last year[8]. - Net profit attributable to shareholders for the same period was CNY 2,029,740,416, marking a significant increase of 46.25% from CNY 1,387,825,463 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 1,986,938,205, which is a 30.90% increase compared to CNY 1,517,878,496 in the previous year[8]. - Basic and diluted earnings per share were both CNY 0.78, up 47.17% from CNY 0.53 in the previous year[8]. - The weighted average return on equity increased to 5.53%, up from 4.32% year-on-year, indicating improved profitability[8]. - The company reported a net profit margin improvement, with net income for Q1 2025 expected to show a positive trend compared to the previous year[25]. - The company has shown a strong performance in Q1 2025 with a notable increase in both revenue and net profit, indicating positive market trends and operational efficiency[44]. Cash Flow - The net cash flow from operating activities reached CNY 2,007,595,043, reflecting a 54.41% increase from CNY 1,300,199,825 in the same quarter last year[8]. - The company reported a net cash inflow from operating activities of CNY 10,602,726,041 in Q1 2025, compared to CNY 8,780,538,631 in Q1 2024, a rise of 20.8%[31]. - The net cash flow from operating activities for Q1 2025 was CNY 1,097,018,850, compared to a negative cash flow of CNY -791,097,941 in Q1 2024, showing a turnaround[51]. - The total cash outflow from operating activities in Q1 2025 was CNY 8,595,130,998, compared to CNY 7,480,338,806 in Q1 2024, indicating an increase of about 14.9%[32]. - The company reported a significant increase in cash received from operating activities, which totaled CNY 22,300,922,409 in Q1 2025, compared to CNY 845,538,845 in Q1 2024[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 65,982,028,535, a 4.31% increase from CNY 63,254,182,536 at the end of the previous year[10]. - The total liabilities as of March 31, 2025, were CNY 20,816,389,859, compared to CNY 17,988,933,782, marking an increase of approximately 15.7%[22]. - The company's total assets reached CNY 79,354,120,212 as of March 31, 2025, compared to CNY 51,947,545,405 at the end of 2024, indicating substantial growth in asset base[41]. - The total liabilities as of March 31, 2025, were CNY 49,497,867,873, up from CNY 26,511,355,434 at the end of 2024, suggesting increased leverage[40]. - The total equity attributable to shareholders increased to CNY 37,729,537,408, an increase from CNY 35,694,366,243 at the end of 2024, reflecting a growth of 5.7%[24]. Investments and Expenses - Research and development expenses for Q1 2025 amounted to CNY 423,075,914, compared to CNY 375,899,900 in Q1 2024, indicating a growth of 12.5%[26]. - The company recorded a decrease in investment income from joint ventures, with a loss of CNY 6,536,239 in Q1 2025 compared to a profit of CNY 5,526,238 in Q1 2024[27]. - The company paid CNY 2,421,649,074 for debt repayment in Q1 2025, compared to CNY 2,552,095,265 in Q1 2024, indicating a decrease of approximately 5.1%[36]. - The company distributed CNY 85,367,082 in dividends in Q1 2025, slightly higher than CNY 77,462,056 in Q1 2024, representing an increase of about 10.5%[35]. Shareholder Information - As of March 31, 2025, the total number of shareholders was 100,993, including 100,949 A-share shareholders and 44 H-share registered shareholders[14]. - The company reported a total of 595,373,144 shares held by HKSCC NOMINEES LIMITED, representing 22.81% of the total shares[16]. - The number of shares held by San Yi Development Co., Ltd. was 390,578,816, accounting for 14.97% of the total shares[16].
福耀玻璃(03606) - 2025 Q1 - 季度业绩