Linglong Tyre(601966)2025-04-24 14:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,696,837,335, representing a 12.92% increase compared to CNY 5,044,861,883 in the same period last year[4] - Net profit attributable to shareholders decreased by 22.78% to CNY 340,576,200 from CNY 441,062,925 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 34.60% to CNY 279,725,820, primarily due to a significant increase in raw material procurement costs[7] - Basic and diluted earnings per share decreased by 23.33% to CNY 0.23 from CNY 0.30 year-on-year[4] - Comprehensive income totalled ¥464,980,170 in Q1 2025, compared to ¥368,223,772 in Q1 2024, reflecting a significant increase[18] Cash Flow - The net cash flow from operating activities was negative at CNY -318,206,722, a decline of 163.41% compared to CNY 501,805,840 in the previous year[4] - Cash flow from operating activities showed a net outflow of ¥318,206,722 in Q1 2025, contrasting with a net inflow of ¥501,805,840 in Q1 2024[21] - Investment activities generated a net cash inflow of ¥80,230,182 in Q1 2025, recovering from a net outflow of ¥600,570,946 in Q1 2024[21] - Financing activities produced a net cash inflow of ¥998,033,006 in Q1 2025, compared to ¥235,707,382 in Q1 2024, indicating improved financing conditions[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 48,477,287,537, an increase of 2.96% from CNY 47,083,203,511 at the end of the previous year[5] - The company's total assets amounted to CNY 48.48 billion, an increase from CNY 47.08 billion as of December 31, 2024, representing a growth of approximately 2.97%[12] - Total liabilities stood at CNY 26.33 billion, compared to CNY 25.40 billion, marking an increase of about 3.67%[14] - The company's equity attributable to shareholders rose to CNY 22.15 billion from CNY 21.68 billion, showing an increase of approximately 2.17%[14] - The company's total liabilities and equity totaled CNY 48.48 billion, consistent with the total assets reported[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,852[8] - The largest shareholder, Linglong Group Co., Ltd., holds 39.86% of the shares, amounting to 583,349,027 shares[9] Current Assets - The company's current assets reached CNY 16.90 billion, up from CNY 15.89 billion, indicating an increase of about 6.35%[12] - The cash and cash equivalents increased to CNY 4.52 billion from CNY 3.63 billion, reflecting a growth of approximately 24.66%[12] - The company's inventory amounted to CNY 5.92 billion, slightly up from CNY 5.79 billion, indicating an increase of approximately 2.25%[12] - The company's accounts receivable increased to CNY 4.43 billion from CNY 4.34 billion, reflecting a growth of about 2.15%[12] Research and Development - Research and development expenses were ¥205,259,762 in Q1 2025, slightly up from ¥202,329,398 in Q1 2024, reflecting continued investment in innovation[17] Taxation - The company reported a tax expense of ¥42,049,729 in Q1 2025, compared to ¥40,160,947 in Q1 2024, indicating a slight increase in tax obligations[17] Return on Equity - The weighted average return on equity decreased by 0.54 percentage points to 1.55%[4]