Yongjin Technology (SH:603995)2025-04-25 07:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 9,388,616,718.19, representing a year-on-year increase of 0.89% compared to CNY 9,305,378,722.42 in the same period last year[4]. - Net profit attributable to shareholders decreased by 15.41% to CNY 103,606,739.65 from CNY 122,481,099.52 in the previous year[4]. - The basic and diluted earnings per share were both CNY 0.28, down 12.50% from CNY 0.32 in the same period last year[4]. - Net profit for Q1 2025 was ¥119,899,826.97, a decrease of 27.67% from ¥165,762,374.82 in Q1 2024[17]. - The company's total comprehensive income attributable to the parent company was approximately ¥100.57 million in the current period, down from ¥114.12 million in the previous period, representing a decrease of 11.3%[18]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.28, down from ¥0.32 in Q1 2024, indicating a decline of 12.5%[18]. - The company's total comprehensive income for minority shareholders was approximately ¥14.59 million in the current period, down from ¥40.08 million in the previous period, a decline of 63.6%[18]. Cash Flow - The company's cash flow from operating activities was negative at CNY -262,715,875.84, compared to a positive cash flow of CNY 74,192,180.28 in the previous year[4]. - In Q1 2025, the company's cash inflow from operating activities was approximately ¥9.96 billion, a decrease of 10.0% compared to ¥11.17 billion in Q1 2024[20]. - The net cash outflow from operating activities in Q1 2025 was approximately -¥262.72 million, contrasting with a net inflow of ¥74.19 million in Q1 2024[21]. - The total cash inflow from financing activities in Q1 2025 was approximately ¥1.45 billion, an increase of 88.5% compared to ¥769.91 million in Q1 2024[21]. - The net cash flow from financing activities was approximately ¥253.60 million in Q1 2025, down by 52.0% from ¥527.04 million in Q1 2024[21]. - The cash outflow from investing activities in Q1 2025 was approximately ¥226.13 million, a decrease of 44.4% compared to ¥406.97 million in Q1 2024[21]. - The cash inflow from investment activities was approximately ¥96.72 million in Q1 2025, down from ¥151.87 million in Q1 2024, reflecting a decrease of 36.3%[21]. Assets and Liabilities - Total assets increased by 5.90% to CNY 15,253,643,276.86 from CNY 14,403,596,911.71 at the end of the previous year[5]. - The company's total assets as of March 31, 2025, amounted to ¥15,253,643,276.86, an increase from ¥14,403,596,911.71 at the end of 2024[14]. - Current assets totaled ¥6,985,029,084.56 as of March 31, 2025, compared to ¥6,052,267,727.61 at the end of 2024, indicating a growth of 15.39%[12]. - The company's total liabilities increased to ¥8,247,585,467.19 as of March 31, 2025, from ¥7,549,845,076.48 at the end of 2024, representing a rise of 9.25%[14]. - Cash and cash equivalents decreased to ¥1,288,457,592.22 from ¥1,383,016,091.56, a decline of 6.86%[12]. - Accounts receivable rose significantly to ¥1,224,699,487.32, up from ¥870,248,708.73, marking an increase of 40.67%[12]. - Inventory levels increased to ¥3,395,067,816.30 from ¥2,793,320,061.66, reflecting a growth of 21.55%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,063[9]. - The largest shareholder, YU JI QUN, holds 23.87% of the shares, while the second-largest shareholder, CAO PEI FENG, holds 19.40%[9]. Research and Development - The company reported R&D expenses of ¥184,469,129.99 for Q1 2025, which is an increase of 34.38% compared to ¥137,328,006.79 in Q1 2024[17]. Non-recurring Gains and Losses - Non-recurring gains and losses amounted to CNY 5,579,955.52, with significant contributions from government subsidies and asset disposals[6]. Return on Equity - The company reported a weighted average return on equity of 1.79%, down 0.56 percentage points from 2.35% in the previous year[4].