航锦科技(000818) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥1,069,367,886.08, representing a decrease of 34.26% compared to ¥1,626,762,691.36 in the same period last year[7]. - Net profit attributable to shareholders was ¥5,152,864.91, down 89.82% from ¥50,604,570.31 year-on-year[7]. - Basic and diluted earnings per share decreased to ¥0.01, down 85.71% from ¥0.07 in the same period last year[7]. - Total operating revenue for the current period was ¥1,069,367,886.08, a decrease of 34.3% compared to ¥1,626,762,691.36 in the previous period[21]. - Net profit for the current period was ¥31,214,363.25, a decline of 57.7% from ¥73,653,187.90 in the previous period[22]. - The net profit attributable to the parent company was ¥5,152,864.91, down 89.8% from ¥50,604,570.31 in the previous period[22]. - Basic and diluted earnings per share for the current period were both ¥0.01, compared to ¥0.07 in the previous period[22]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥147,230,213.75, a 232.78% increase from -¥110,885,074.21 in the previous year[7]. - The net cash flow from operating activities was $147,230,213.75, a significant improvement compared to a negative cash flow of $110,885,074.21 in the previous period, indicating a recovery in operational performance[25]. - Total cash inflow from financing activities amounted to $856,091,324.90, up from $751,877,592.93, driven by increased borrowings and other financing activities[26]. - The company reported a total cash and cash equivalents balance of $1,057,543,239.28 at the end of the period, compared to $410,338,622.58 in the previous period, showing a strong liquidity position[26]. - Cash received from operating activities totaled $1,465,717,706.14, down from $1,994,553,873.13, indicating a decline in operational cash generation[25]. - Cash paid for purchasing goods and services was $1,164,959,305.40, a decrease from $1,922,035,682.88, suggesting improved cost management[25]. - The cash outflow for financing activities was $727,161,882.87, significantly higher than $170,510,290.50 in the previous period, indicating increased dividend payments and other financing costs[26]. - The company received $240,591,324.90 from other financing activities, a notable increase from $79,092,296.00, highlighting enhanced capital raising efforts[26]. - The impact of exchange rate changes on cash and cash equivalents was positive at $166,425.19, contrasting with a negative impact of -$18,322.65 previously, indicating favorable currency movements[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,419,345,338.09, a decrease of 1.44% from ¥8,541,999,872.43 at the end of the previous year[7]. - The company reported a total current assets of RMB 3,570,568,624.18 as of March 31, 2025, down from RMB 3,788,227,522.05 at the beginning of the period, representing a decrease of approximately 5.77%[18]. - Total liabilities decreased to ¥5,670,565,393.63 from ¥5,824,079,448.51, a decline of 2.6%[20]. - Total equity increased to ¥2,748,779,944.46 from ¥2,717,920,423.92, an increase of 1.1%[20]. - The company’s fixed assets totaled RMB 2,602,060,037.66, down from RMB 2,619,788,191.25, reflecting a decrease of approximately 0.68%[18]. - Long-term equity investments slightly decreased to RMB 20,989,062.68 from RMB 21,600,922.65, a decline of about 2.83%[18]. - The company’s goodwill remained stable at RMB 188,978,077.69, unchanged from the previous period[18]. - The company’s non-current assets totaled RMB 3,000,000,000, with a focus on enhancing technology and market expansion strategies[16]. Shareholder Information - The company had a total of 138,566 common shareholders at the end of the reporting period[13]. - The top shareholder, Wuhan New Energy Industry Development Co., Ltd., holds a 16.69% stake, amounting to 113,363,924 shares[13]. Operational Insights - The electronic segment's revenue decline was a major factor in the overall revenue drop, with operating costs also decreasing by 39% to ¥874,370,561.52[12]. - Government subsidies recognized in the current period amounted to ¥5,844,987.79, contributing to the overall financial performance[8]. - The company reported a significant increase in long-term borrowings, which rose by 76% to ¥518,007,041.66, attributed to increased long-term financing[11]. - The company established a new subsidiary, Lihang Intelligent Technology (Wuhan) Co., Ltd., with a registered capital of RMB 36 million, where the company holds an 85% stake[16]. - Cash flow from operating activities details are pending further information[23]. - The company reported a significant increase in financial expenses, totaling ¥40,977,661.71, compared to ¥12,540,770.61 in the previous period[21].