Huaqin Technology (SH:603296)2025-04-23 11:50Financial Performance - The company's operating revenue for Q1 2025 reached ¥34,997,696,296.08, representing a year-over-year increase of 115.65%[5] - Net profit attributable to shareholders was ¥841,991,186.77, up 39.04% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥760,704,356.67, reflecting a 43.55% increase year-over-year[5] - Basic earnings per share increased to ¥0.84, a rise of 40.00% from the previous year[6] - The diluted earnings per share also rose to ¥0.83, marking a 38.33% increase compared to the same period last year[6] - The total comprehensive income for the first quarter of 2025 was CNY 825,288,918.04, compared to CNY 485,437,928.12 in the first quarter of 2024, indicating an increase of about 70%[23] Revenue and Costs - The total operating revenue for the first quarter of 2025 was CNY 35,929,061,055.02, compared to CNY 18,031,061,876.46 in the first quarter of 2024, indicating a significant increase of about 99.5%[25] - The total operating costs for the first quarter of 2025 were CNY 34,196,462,754.78, compared to CNY 15,534,303,663.03 in the first quarter of 2024, which is an increase of about 120%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥81,591,395,409.59, a 6.94% increase from the end of the previous year[6] - Current assets as of March 31, 2025, amounted to RMB 60,000,566,967.09, up from RMB 56,221,554,768.08 as of December 31, 2024, indicating an increase of about 3.2%[16] - Total assets as of March 31, 2025, were RMB 81,591,395,409.59, compared to RMB 76,296,821,729.28 at the end of 2024, showing a growth of approximately 7.0%[18] - Total liabilities increased to RMB 57,803,589,546.51 from RMB 53,372,762,249.41, representing an increase of about 8.1%[18] - The company's non-current liabilities rose to RMB 5,912,563,214.39 from RMB 3,703,829,449.10, indicating a significant increase of approximately 59.6%[18] Cash Flow - The net cash flow from operating activities was negative at -¥1,409,805,028.32, a decline of 242.39% compared to the same period last year[5] - The net cash flow from operating activities for the first quarter of 2025 was negative at CNY -1,409,805,028.32, a decline from a positive CNY 990,083,374.62 in the same quarter of 2024[26] - The cash inflow from financing activities in the first quarter of 2025 was CNY 15,554,128,373.62, a significant increase from CNY 2,103,298,899.92 in the same period of 2024[27] Shareholder Information - There were no significant changes in the top 10 shareholders or their participation in financing activities during the reporting period[13] Research and Development - Research and development expenses amounted to CNY 1,370,304,085.32 in the first quarter of 2025, up from CNY 1,081,164,076.42 in the previous year, reflecting a growth of approximately 27%[22] Future Outlook - The company continues to focus on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[21] - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year of first-time application[28]