DS(600694)2025-04-25 08:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,925,202,315.03, representing a decrease of 8.04% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 265,045,544.47, showing a slight increase of 0.70% year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 8.21% to CNY 250,269,752.61[4] - The basic earnings per share for the period was CNY 0.85, down from CNY 0.92 in the same period last year[4] - The weighted average return on equity decreased by 0.09 percentage points to 3.00%[4] - Net profit for Q1 2025 reached CNY 289,531,629.66, a slight increase from CNY 287,369,956.82 in Q1 2024, representing a growth of approximately 0.75%[20] - Operating profit for Q1 2025 was CNY 377,582,355.77, compared to CNY 372,931,506.12 in Q1 2024, indicating an increase of about 1.8%[20] - Total comprehensive income for Q1 2025 was CNY 289,531,629.66, slightly higher than CNY 287,369,956.82 in Q1 2024, reflecting a growth of approximately 0.75%[21] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 58.97%, amounting to CNY 313,643,419.14[4] - Cash flow from operating activities in Q1 2025 was CNY 313,643,419.14, significantly lower than CNY 764,339,156.25 in Q1 2024, a decline of about 59%[24] - Investment activities generated a net cash flow of CNY 16,358,996.35 in Q1 2025, compared to CNY 174,376,067.75 in Q1 2024, a decrease of approximately 90.6%[24] - The company incurred financial expenses of CNY 18,061,059.72 in Q1 2025, down from CNY 35,815,708.29 in Q1 2024, a reduction of about 49.5%[20] - Tax expenses for Q1 2025 were CNY 101,210,650.81, compared to CNY 104,482,274.96 in Q1 2024, a decrease of approximately 3.3%[20] - The company's cash and cash equivalents at the end of Q1 2025 totaled CNY 3,344,887,851.46, an increase from CNY 3,226,738,859.96 at the end of Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,823,980,933.85, reflecting a 0.20% increase from the end of the previous year[5] - Total liabilities decreased to CNY 8,527,763,077.29 as of March 31, 2025, from CNY 8,782,121,284.36 at the end of 2024[16] - Shareholders' equity attributable to the parent company increased by 3.05% to CNY 8,961,599,509.34[5] - Total assets as of March 31, 2025, were CNY 17,823,980,933.85, slightly up from CNY 17,788,807,511.26 at the end of 2024[16] - The company's total liabilities as of March 31, 2025, were CNY 8,417,457,592.68, slightly up from CNY 8,401,995,639.91 at the end of 2024[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,387[10] - Shareholders' equity increased to CNY 9,296,217,856.56 as of March 31, 2025, compared to CNY 9,006,686,226.90 at the end of 2024[16] - The total equity attributable to shareholders increased to CNY 7,703,315,464.89 from CNY 7,645,813,242.55, reflecting a growth of approximately 0.76%[27] Inventory and Receivables - Inventory as of March 31, 2025, was CNY 4,719,581,829.51, a slight increase from CNY 4,698,601,467.54 on December 31, 2024[14] - Accounts receivable as of March 31, 2025, were CNY 305,477,583.60, down from CNY 315,198,412.86 at the end of 2024[14] - The company's inventory as of March 31, 2025, was CNY 765,734,593.87, an increase from CNY 727,471,504.44, indicating a rise of about 5.26%[25] Other Income and Expenses - The company reported non-recurring gains of CNY 14,775,791.86 after tax, with significant contributions from government subsidies and asset disposals[8] - The company's other income for the first quarter of 2025 was CNY 1,321,569.95, compared to CNY 4,791,287.53 in the first quarter of 2024, showing a decline of approximately 72.4%[28] - The company's financial expenses decreased significantly to CNY 8,354,728.72 from CNY 17,889,054.62, a reduction of about 53.3%[28]