L&K(SH:603929)2025-04-24 13:15Financial Performance - The company's operating revenue for Q1 2025 was ¥835,003,533.61, a decrease of 23.83% compared to ¥1,096,238,079.65 in the same period last year[3] - Net profit attributable to shareholders was ¥81,990,935.83, down 29.82% from ¥116,836,671.73 year-on-year[3] - Basic and diluted earnings per share were both ¥0.3843, reflecting a decrease of 29.82% from ¥0.5476 in the previous year[3] - Total revenue for Q1 2025 was CNY 835,003,533.61, a decrease of 23.87% compared to CNY 1,096,238,079.65 in Q1 2024[16] - The net profit for Q1 2025 was CNY 82,852,170.37, a decrease of 28.8% compared to CNY 116,374,405.83 in Q1 2024[17] - The total comprehensive income for Q1 2025 was CNY 89,129,790.77, down from CNY 113,697,072.53 in Q1 2024, representing a decline of 21.5%[18] - The company's total revenue for Q1 2025 was ¥805,568,420.71, a decrease of 26.4% compared to ¥1,093,783,629.84 in Q1 2024[26] - The net profit for Q1 2025 was ¥82,523,558.20, down 30.1% from ¥118,022,865.92 in Q1 2024[27] Cash Flow and Assets - The net cash flow from operating activities increased by 36.74% to ¥909,628,640.68, primarily due to advance payments received for the Singapore VSMC project[6] - Cash and cash equivalents increased to CNY 3,348,938,374.90 as of March 31, 2025, up 34.83% from CNY 2,483,621,459.26 at the end of 2024[12] - Cash and cash equivalents at the end of Q1 2025 reached CNY 3,322,187,735.66, up from CNY 1,683,457,657.35 at the end of Q1 2024, indicating a growth of 97.4%[21] - The company's cash and cash equivalents at the end of Q1 2025 were ¥3,165,042,137.81, up from ¥1,506,410,665.25 at the end of Q1 2024, representing a growth of 109.0%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,957,390,786.98, an increase of 22.72% from ¥4,039,585,433.57 at the end of the previous year[4] - Total assets reached CNY 4,957,390,786.98, a growth of 22.73% compared to CNY 4,039,585,433.57 at the end of 2024[15] - Total liabilities increased to CNY 3,016,961,571.69, up 37.83% from CNY 2,189,645,964.88 at the end of 2024[14] - The total liabilities rose to ¥2,837,748,885.60 in Q1 2025, compared to ¥2,149,845,662.31 in Q1 2024, marking an increase of 31.9%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,874[8] - The largest shareholder, 亚翔工程股份有限公司, holds 53.99% of the shares, totaling 115,200,000 shares[10] Research and Development - Research and development expenses for Q1 2025 were CNY 8,280,016.05, a decrease of 12.09% compared to CNY 9,419,841.38 in Q1 2024[16] - Research and development expenses for Q1 2025 were ¥8,280,016.05, a decrease of 12.1% from ¥9,419,841.38 in Q1 2024[26] Other Financial Metrics - The return on equity (ROE) decreased to 4.38%, down 3.49 percentage points from 7.87%[4] - The company reported a significant reduction in accounts payable, which decreased to CNY 1,357,998,732.48 from CNY 1,579,408,476.62[14] - The company experienced a net cash outflow from investing activities of CNY -50,955,015.78 in Q1 2025, compared to CNY -49,284,873.99 in Q1 2024[21] - The company's cash flow from investing activities for Q1 2025 was negative at -¥50,963,041.81, compared to -¥40,522,240.58 in Q1 2024[30] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year[31]