HZIS(SH:600126)2025-04-25 07:50Financial Performance - The company's operating revenue for Q1 2025 was ¥14.44 billion, a decrease of 10.01% compared to ¥16.04 billion in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥34.99 million, a decline of 202.49% from a profit of ¥34.14 million in the previous year[5]. - The company reported a comprehensive loss of CNY 34.56 million for Q1 2025, compared to a comprehensive income of CNY 25.97 million in Q1 2024[22]. - The total operating profit for the current period was reported at -¥59,329,106.35, compared to a profit of ¥36,424,139.33 in the previous year[33]. - Net profit for Q1 2025 was a loss of CNY 34.92 million, compared to a profit of CNY 33.23 million in Q1 2024, indicating a significant decline in profitability[21]. Cash Flow - The net cash flow from operating activities improved by 13.66%, amounting to -¥1.87 billion compared to -¥2.16 billion in the same period last year[5]. - The cash flow from investment activities showed a net inflow, primarily due to increased financial management income[9]. - The net cash flow from investing activities was 921,425,334.78 RMB, compared to -88,197,195.65 RMB in the previous year, indicating a significant positive shift[25]. - Operating cash flow for the first quarter of 2025 was negative at ¥11,605,414.90, a stark contrast to the positive cash flow of ¥75,903,628.65 in the first quarter of 2024[35]. - The company generated cash inflows from investment activities totaling ¥4,908,082,690.11, significantly higher than the previous year's inflow of ¥2,347,837,700.00[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31.77 billion, down 3.77% from ¥33.02 billion at the end of the previous year[6]. - Total current assets as of March 31, 2025, amount to ¥16,226,897,553.87, a decrease from ¥17,337,800,387.58 as of December 31, 2024[15]. - Total liabilities decreased to ¥12,207,890,518.41 from ¥13,421,096,512.66[16]. - The company's total liabilities decreased to 2,401,614,299.44 RMB from 4,312,816,209.94 RMB, indicating a reduction of approximately 44.4%[28]. - Total assets as of March 31, 2025, are ¥31,772,571,568.96, down from ¥33,016,238,767.01[16]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 247,979[11]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, accounting for 45.23% of total shares[11]. - The company has no significant changes in shareholder relationships or actions related to margin trading[12]. Research and Development - Research and development expenses increased by 48.19%, indicating a rise in investment in innovation and technology[8]. - Research and development expenses increased to CNY 147.88 million in Q1 2025, up 48.19% from CNY 99.79 million in Q1 2024[20]. Other Financial Metrics - The weighted average return on net assets decreased by 0.35 percentage points to -0.18%[5]. - The company experienced a 1275.69% increase in other operating income, mainly from penalty income related to project settlements[8]. - The company faced a 108.25% decrease in investment income, attributed to the absence of dividends from associated companies this period[8]. - Basic and diluted earnings per share for Q1 2025 were both CNY -0.01, compared to CNY 0.01 in Q1 2024[22]. - The company's financial expenses improved, with a net financial expense of CNY -17.24 million in Q1 2025, compared to CNY -86.82 million in Q1 2024[21].