SACO(SZ:002025)2025-04-24 13:30Financial Performance - The company's operating revenue for Q1 2025 was ¥1,466,109,655.32, a decrease of 9.15% compared to ¥1,613,746,590.12 in the same period last year[4]. - Net profit attributable to shareholders was ¥46,561,119.51, down 79.35% from ¥225,504,083.74 year-on-year[4]. - The total profit for the period was ¥55,572,875.97, down 80.21% from the previous year, primarily due to a decrease in operating revenue and changes in product mix[9]. - Operating profit decreased significantly to ¥58,784,657.39, down 79.09% from ¥280,802,581.49 in the previous period[19]. - Net profit for the current period is ¥62,369,762.39, a decrease of 75.52% compared to ¥254,172,594.36 in the previous period[19]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥453,912,191.79, representing a decline of 23.82% compared to -¥366,584,114.30 in the previous year[4]. - Cash inflow from operating activities decreased to CNY 794,557,196.29 from CNY 974,184,753.16, while cash outflow increased to CNY 1,248,469,388.08 from CNY 1,340,768,867.46, resulting in a net cash flow from operating activities of -CNY 453,912,191.79[21]. - The company's cash and cash equivalents at the end of the reporting period amount to ¥2,302,416,827.29, down from ¥2,773,099,155.36 at the beginning of the period[15]. - Cash and cash equivalents at the end of the period decreased to CNY 2,131,977,434.76 from CNY 2,928,937,604.50[22]. - The company recorded a foreign exchange impact on cash and cash equivalents of CNY 804,406.93, up from CNY 279,005.01[22]. Research and Development - Research and development expenses increased by 33.15% to ¥181,648,370.89, driven by investments in new technologies and solutions in various strategic sectors[8]. - Research and development expenses increased to ¥181,648,370.89, up from ¥136,425,957.62 in the previous period, indicating a focus on innovation[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,754[12]. - The largest shareholder, Aerospace Jiangnan Group Co., Ltd., holds 37.25% of the shares, totaling 170,164,760 shares[12]. - The second-largest shareholder, Guizhou Meiling Power Supply Co., Ltd., holds 3.61% of the shares, totaling 16,504,995 shares[12]. - The top 10 shareholders collectively hold a significant portion of the company's shares, with the top three shareholders accounting for over 44%[12]. - The company is under the control of China Aerospace Science and Industry Corporation, which holds a combined 41.37% of the shares through its subsidiaries[13]. Assets and Liabilities - The company’s total assets at the end of the reporting period were ¥12,077,271,289.09, reflecting a growth of 1.10% from the previous year[4]. - Total liabilities rose to ¥4,511,495,439.92, compared to ¥4,442,707,676.67 in the previous period[17]. - The total equity attributable to shareholders increased to ¥6,510,152,470.45, up from ¥6,463,033,200.78 in the previous period[17]. Other Financial Metrics - The weighted average return on equity decreased to 0.72%, down 2.81% from 3.53% in the same period last year[4]. - The company reported a credit impairment loss of ¥68,158,576.77, slightly worse than the previous period's loss of ¥67,407,370.94[19]. - The company paid CNY 311,668,343.60 to employees, a decrease from CNY 362,136,476.05 in the previous period[21]. Corporate Activities - The company has not reported any changes in the participation of the top 10 shareholders in margin financing and securities lending activities[13]. - There are no preferred shareholders or significant changes in preferred shareholder holdings reported[14]. - The company has not disclosed any new product developments or market expansion strategies in the current reporting period[14]. - There are no significant mergers or acquisitions reported during this period[14]. Audit and Reporting - The first quarter report was not audited[23].