Shaanxi Heimao(SH:601015)2025-04-24 12:40Financial Performance - The company's operating revenue for Q1 2025 was ¥2,584,782,832.45, a decrease of 37.31% compared to ¥4,123,158,490.50 in the same period last year[3]. - The net profit attributable to shareholders was -¥261,562,434.02, representing a decline of 23.21% from -¥212,296,316.72 year-on-year[3]. - The basic earnings per share decreased by 30.00% to -¥0.13 from -¥0.10 in the same period last year[3]. - Net loss for Q1 2025 was ¥345,199,033.76, compared to a net loss of ¥237,182,306.69 in Q1 2024, representing an increase in loss of 45.5%[13]. Cash Flow - The net cash flow from operating activities improved to ¥300,525,124.16, a significant increase of 147.62% compared to -¥631,095,693.07 in the previous year[3]. - In Q1 2025, the net cash flow from operating activities was ¥300,525,124.16, a significant improvement compared to a net outflow of ¥631,095,693.07 in Q1 2024[16]. - Total cash inflow from operating activities decreased to ¥3,139,048,362.33 in Q1 2025 from ¥3,385,378,932.19 in Q1 2024, reflecting a decline of approximately 7.3%[16]. - Cash outflow for purchasing goods and services was ¥2,202,689,113.30 in Q1 2025, down from ¥3,038,304,289.45 in Q1 2024, indicating a reduction of about 27.5%[16]. - The net cash flow from investing activities was -¥71,741,184.77 in Q1 2025, an improvement from -¥146,253,593.65 in Q1 2024[17]. - Cash inflow from financing activities totaled ¥1,958,643,319.45 in Q1 2025, compared to ¥2,106,352,583.38 in Q1 2024, representing a decrease of approximately 7.0%[17]. - The net cash flow from financing activities was ¥247,662,844.39 in Q1 2025, down from ¥788,650,736.94 in Q1 2024, showing a decline of about 68.6%[17]. - The ending balance of cash and cash equivalents increased to ¥527,754,170.94 in Q1 2025 from ¥158,692,335.47 in Q1 2024, marking a substantial increase of approximately 232.5%[17]. - The company received ¥859,000,000.00 in cash from borrowings in Q1 2025, compared to ¥1,039,430,000.00 in Q1 2024, reflecting a decrease of about 17.3%[17]. - Cash received from other financing activities was ¥1,099,643,319.45 in Q1 2025, slightly up from ¥1,066,922,583.38 in Q1 2024, indicating a growth of approximately 3.1%[17]. - The total cash outflow for financing activities was ¥1,710,980,475.06 in Q1 2025, compared to ¥1,317,701,846.44 in Q1 2024, representing an increase of about 29.8%[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥20,230,858,639.52, down 3.03% from ¥20,863,555,247.51 at the end of the previous year[4]. - Total assets decreased to ¥20,230,858,639.52 as of March 31, 2025, from ¥20,863,555,247.51 at the end of 2024[12]. - Total liabilities decreased to ¥12,247,891,875.11 as of March 31, 2025, from ¥12,537,762,629.72 at the end of 2024[12]. - The company's total equity decreased to ¥7,982,966,764.41 as of March 31, 2025, from ¥8,325,792,617.79 at the end of 2024[12]. Inventory and Investments - Inventory decreased to ¥881,066,760.88 as of March 31, 2025, from ¥1,357,275,971.08 at the end of 2024, indicating a reduction of 35.1%[10]. - Long-term investments increased to ¥1,713,568,058.43 as of March 31, 2025, from ¥1,665,302,166.22 at the end of 2024[11]. Profitability Metrics - The company's gross profit margin declined due to a decrease in sales prices and volumes of major products, leading to operating losses[5]. - The weighted average return on equity decreased by 1.35 percentage points to -4.18% from -2.83% year-on-year[3]. - Non-recurring gains and losses amounted to ¥44,460,290.83, primarily from government subsidies and asset disposal gains[5]. - The company reported a basic loss per share of ¥0.13 for Q1 2025, compared to a loss of ¥0.10 in Q1 2024[14].