JMC(SZ:000550)2025-04-23 09:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 7,967,428,172, a decrease of 0.09% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 305,997,821, down 36.56% year-on-year[3]. - The number of vehicles sold in Q1 2025 reached 76,007 units, an increase of 2.27% year-on-year[6]. - Total operating revenue for the period was CNY 7,967,428,172, slightly down from CNY 7,974,792,045 in the previous period, representing a decrease of approximately 0.1%[17]. - Total operating costs decreased to CNY 7,938,917,337 from CNY 8,118,408,806, a reduction of about 2.2%[17]. - Net profit for the period increased to CNY 309,381,628, compared to CNY 239,069,590 in the previous period, marking an increase of approximately 29.3%[17]. - The company reported a basic earnings per share of CNY 0.35, down from CNY 0.56 in the previous period[17]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 2,297,115,303, a decline of 273.95% compared to the previous year[3]. - The net cash flow from operating activities was -2,297,115,303.00, a significant decline from -614,291,227.00 in the previous period, indicating worsening operational cash flow[19]. - Total cash inflow from operating activities decreased to 8,720,049,777.00 from 9,508,372,089.00, reflecting a year-over-year decline of approximately 8.3%[19]. - Cash received from sales of goods and services was 8,486,465,921.00, down from 9,429,271,287.00, indicating a decrease in revenue generation[19]. - The company paid 8,798,857,074.00 for goods and services, an increase from 8,145,373,016.00, reflecting rising operational costs[19]. - The total cash and cash equivalents at the end of the period decreased to 8,666,302,200.00 from 10,007,002,631.00, a decline of approximately 13.4%[19]. - The company's cash and cash equivalents decreased by CNY 38.13 billion, a decline of 30.39% compared to the end of the previous year[6]. Assets and Liabilities - The company's total assets decreased by 11.65% to CNY 27,247,466,311 compared to the end of the previous year[3]. - Total assets decreased to CNY 27,247,466,311 from CNY 30,839,912,640, a reduction of approximately 11.8%[15]. - Total liabilities decreased to CNY 16,343,842,149 from CNY 20,244,568,119, a decline of about 19.0%[15]. - The company's short-term borrowings decreased by CNY 12.5 billion, a reduction of 83.33% compared to the end of the previous year[6]. Expenses and Investments - The first quarter's income tax expense increased by 115.98% year-on-year, amounting to CNY 93,530,000[7]. - Research and development expenses were CNY 286,230,316, down from CNY 319,007,229, a decrease of approximately 10.3%[17]. - The company’s inventory decreased to CNY 1,845,623,327 from CNY 2,054,517,242, a decline of about 10.1%[14]. - The company’s long-term investments decreased to CNY 209,155,860 from CNY 219,298,031, a reduction of approximately 4.6%[14]. - The company reported a significant increase in investment activity cash outflow, up 56.18% year-on-year, primarily due to increased cash payments for fixed asset purchases[9]. Financing Activities - Cash inflow from financing activities increased significantly to 1,784,325,555.00 from 498,886,258.00, indicating a strong reliance on borrowing[19]. - The net cash flow from financing activities was -1,173,303,979.00, worsening from -908,514,843.00, highlighting increased financial strain[19]. - Cash outflow from investing activities was -338,454,527.00, compared to -216,709,914.00 in the previous period, showing an increase in investment losses[19]. - The company did not report any cash inflow from investment recoveries this period, contrasting with 200,000,000.00 received in the previous period[19].