ZTT(SH:600522)2025-04-24 12:30Financial Performance - The company's operating revenue for Q1 2025 was ¥9,755,837,943.24, representing an increase of 18.37% compared to ¥8,242,066,930.57 in the same period last year[3] - Net profit attributable to shareholders decreased by 1.33% to ¥627,613,415.73 from ¥636,050,562.61 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 20.45% to ¥596,929,571.64 from ¥495,578,126.91 in the previous year[3] - Basic earnings per share decreased by 1.07% to ¥0.185 from ¥0.187 year-on-year[3] - Net profit for Q1 2025 was ¥623,979,425.88, slightly down from ¥632,337,701.66 in Q1 2024, representing a decrease of 1.4%[20] - Total comprehensive income for Q1 2025 was ¥831,053,425.95, significantly higher than ¥522,049,001.10 in Q1 2024[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,136,247,540.17, an improvement from -¥1,559,488,209.15 in the same period last year[3] - The net cash flow from operating activities for Q1 2025 was -¥1,136,247,540.17, an improvement from -¥1,559,488,209.15 in Q1 2024[22] - The company received cash from operating activities totaling ¥10,438,358,142.54 in Q1 2025, compared to ¥8,414,733,012.83 in Q1 2024[22] - The company's cash and cash equivalents decreased from 17.0149 billion RMB to 15.7499 billion RMB during the same period[13] - The ending balance of cash and cash equivalents stood at $14.70 billion, up from $11.62 billion, demonstrating a healthier liquidity position[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥58,106,964,617.57, a slight decrease of 0.37% from ¥58,324,381,816.14 at the end of the previous year[3] - The company's total assets as of March 31, 2025, were 58.1070 billion RMB, down from 58.3244 billion RMB at the end of 2024[16] - The company's total liabilities decreased from 22.5091 billion RMB on December 31, 2024, to 21.6380 billion RMB as of March 31, 2025[15] - The company reported a short-term loan of 2.6482 billion RMB as of March 31, 2025, an increase from 2.2669 billion RMB at the end of 2024[14] Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.89% to ¥35,654,763,376.46 from ¥34,994,171,832.06[3] - The total number of common shareholders at the end of the reporting period was 252,628[7] - The largest shareholder, Zhongtian Technology Group Co., Ltd., holds 22.68% of the shares, totaling 774,117,883 shares[8] - As of March 31, 2025, the company has repurchased a total of 15.2578 million shares, accounting for 0.4471% of the total share capital, with a total expenditure of 205.4224 million RMB[10] Investments and Expenses - Research and development expenses for Q1 2025 were ¥403,985,585.62, a slight decrease from ¥407,810,433.33 in Q1 2024[19] - The company reported investment income of ¥50,399,323.81 in Q1 2025, down from ¥299,363,538.17 in Q1 2024[19] - The company changed the depreciation period for large deep-sea construction vessels from 10 years to 20 years, expected to reduce the depreciation expense by 97.1182 million RMB in 2025, increasing net profit attributable to shareholders by 37.1477 million RMB after tax adjustments[10] Other Comprehensive Income - Other comprehensive income after tax for Q1 2025 was ¥207,074,000.07, a recovery from a loss of -¥110,288,700.56 in Q1 2024[20] Financing Activities - Cash inflow from financing activities totaled $1.58 billion, up from $974.76 million, reflecting a strong capital raising effort[23] - Cash outflow for financing activities was $1.49 billion, down from $1.92 billion, showing improved cash management[23] - Cash received from borrowings was $1.54 billion, compared to $974.76 million, reflecting increased leverage[23] - Cash paid for debt repayment was $1.26 billion, slightly down from $1.26 billion, indicating stable debt servicing[23]