CMST(SH:600787)2025-04-25 09:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 13.23 billion, a decrease of 5.01% compared to CNY 13.93 billion in the same period last year[4]. - Net profit attributable to shareholders was CNY 64.41 million, down 76.49% from CNY 273.93 million year-on-year[4]. - Basic earnings per share decreased by 76.43% to CNY 0.0296 from CNY 0.1256 in the previous year[4]. - The weighted average return on equity fell to 0.468% from 1.996% in the same period last year, a decrease of 1.53 percentage points[4]. - Total operating revenue for Q1 2025 was ¥13,231,315,464.16, a decrease of 5.0% compared to ¥13,929,275,560.71 in Q1 2024[17]. - Net profit for Q1 2025 was ¥78,805,395.78, a decline of 73.3% from ¥294,427,273.12 in Q1 2024[18]. - The total comprehensive income attributable to the parent company for the current period was CNY 64,029,770.47, down from CNY 274,448,330.01 in the previous period[19]. - Operating profit for Q1 2025 was CNY 46.22 million, down 87.9% from CNY 383.60 million in Q1 2024[29]. - Net profit for Q1 2025 was CNY 32.70 million, a decline of 89.3% compared to CNY 304.29 million in Q1 2024[29]. Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 22.07 billion, down 2.68% from CNY 22.68 billion at the end of the previous year[5]. - The company's total assets amounted to ¥22,072,782,388.71, a decrease from ¥22,680,307,450.42 in the previous period[14]. - Total liabilities decreased to ¥7,184,727,282.68 from ¥7,864,971,714.54[14]. - The company’s total liabilities as of March 31, 2025, were CNY 5,475,833,042.03, a decrease from CNY 6,295,695,935.42 at the end of 2024[24]. - Total liabilities decreased from CNY 6.30 billion in the previous period to CNY 5.48 billion[26]. Cash Flow - The net cash flow from operating activities was negative at CNY -79.00 million, an improvement from CNY -541.77 million in the same period last year[4]. - In Q1 2025, the company generated cash inflows from operating activities amounting to CNY 15,715,974,499.20, a 25.4% increase from CNY 12,511,973,553.85 in Q1 2024[21]. - The net cash flow from operating activities for Q1 2025 was -CNY 79,002,666.53, an improvement compared to -CNY 541,768,913.15 in Q1 2024[22]. - The company reported a net cash outflow from investing activities of -CNY 31,813,973.51 in Q1 2025, compared to a net inflow of CNY 219,315,375.13 in Q1 2024[22]. - The company reported a net cash outflow from investing activities of CNY 55.41 million in Q1 2025, compared to an inflow of CNY 339.35 million in Q1 2024[31]. Shareholder Equity - The company’s equity attributable to shareholders increased slightly by 0.47% to CNY 13.79 billion from CNY 13.73 billion at the end of the previous year[5]. - The total equity attributable to shareholders was ¥13,794,852,489.52, slightly up from ¥13,730,822,719.05[14]. - Total equity increased slightly from CNY 12.89 billion to CNY 12.93 billion[26]. Expenses and Investments - Total operating costs for Q1 2025 were ¥13,124,159,005.64, down 5.0% from ¥13,823,555,125.53 in Q1 2024[17]. - Research and development expenses for Q1 2025 were ¥25,252,559.05, compared to ¥24,960,472.01 in Q1 2024, indicating a slight increase[17]. - The company reported a decrease in financial expenses to ¥6,754,010.18 from ¥4,909,571.58 in the previous year[17]. - Financial expenses for Q1 2025 were CNY 12.17 million, an increase from CNY 8.45 million in Q1 2024[28]. - The company experienced a significant drop in investment income, reporting a loss of ¥12,268,416.39 compared to a loss of ¥14,124,019.06 in the previous year[18]. Strategic Focus - The company plans to focus on improving cash flow management and reducing inventory procurement in response to slow domestic and international steel demand[4]. - The company plans to focus on market expansion and new product development in the upcoming quarters[28]. Inventory - The company’s inventory decreased to CNY 313,115.20 as of March 31, 2025, from CNY 1,263,930.34 at the end of 2024[24].