ZFTC(SH:600794)2025-04-25 09:30Financial Performance - The company's operating revenue for Q1 2025 was ¥228,195,934.74, a decrease of 20.09% compared to ¥285,557,628.06 in the same period last year[3] - Net profit attributable to shareholders was ¥30,733,368.07, down 58.45% from ¥73,971,935.38 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥24,304,011.10, reflecting a decline of 63.92% compared to ¥67,358,027.16 in the previous year[3] - Basic and diluted earnings per share were both ¥0.03, a reduction of 50.00% from ¥0.06 in the previous year[3] - Operating profit for Q1 2025 was CNY 42,261,459.95, a decline of 54.8% from CNY 93,496,439.40 in Q1 2024[15] - Net profit for Q1 2025 was CNY 42,369,032.65, down 54.7% compared to CNY 93,658,581.75 in Q1 2024[15] - The net profit for Q1 2025 is CNY 33,014,143.61, a decrease of 57.25% compared to CNY 77,119,313.56 in Q1 2024[16] Cash Flow - The net cash flow from operating activities increased significantly to ¥107,934,540.40, compared to a negative cash flow of ¥12,876,663.52 in the same period last year[3] - Cash flow from operating activities for Q1 2025 is CNY 107,934,540.40, compared to a negative cash flow of CNY -12,876,663.52 in Q1 2024[18] - The total cash outflow from operating activities in Q1 2025 is CNY 167,134,995.39, compared to CNY 380,209,910.18 in Q1 2024[18] - Cash inflow from investment activities in Q1 2025 is CNY 46,906,294.99, a decrease from CNY 99,938,622.69 in Q1 2024[20] - The net cash flow from investment activities for Q1 2025 is CNY -83,134,539.79, compared to CNY 41,236,079.07 in Q1 2024[20] - Cash inflow from financing activities in Q1 2025 is CNY 18,000,000.00, significantly lower than CNY 531,169,067.36 in Q1 2024[20] - The net cash flow from financing activities for Q1 2025 is CNY 5,310,304.25, down from CNY 96,057,212.92 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,289,669,778.22, down 3.97% from ¥3,425,625,391.01 at the end of the previous year[4] - Total assets as of March 31, 2025, were CNY 3,289,669,778.22, a decrease of 4.0% from CNY 3,425,625,391.01 at the end of Q1 2024[12] - Total liabilities decreased to CNY 390,383,516.05 in Q1 2025 from CNY 560,241,052.28 in Q1 2024, a reduction of 30.3%[13] - Non-current assets totaled CNY 1,900,530,769.53, down 1.9% from CNY 1,937,805,338.97 in Q1 2024[12] Shareholder Information - Shareholders' equity attributable to shareholders increased by 1.21% to ¥2,635,168,996.54 from ¥2,603,547,848.64 at the end of the previous year[4] - The company’s equity attributable to shareholders increased to CNY 2,635,168,996.54 in Q1 2025 from CNY 2,603,547,848.64 in Q1 2024, an increase of 1.2%[13] - The total number of ordinary shareholders at the end of the reporting period was 55,449[6] Operational Insights - The company attributed the decline in net profit to the enhancement of smart logistics operations and a significant drop in revenue from bonded trade and warehousing services[5] - Government subsidies recognized in the current period amounted to ¥101,597.49, primarily related to asset-related support from Changjiang International[5] - The company reported a decrease in research and development expenses to CNY 2,897,766.85 in Q1 2025 from CNY 3,526,336.54 in Q1 2024, a decline of 17.8%[15] - The company received CNY 259,111,194.16 from sales in Q1 2025, a decrease of 23.2% from CNY 337,804,075.97 in Q1 2024[18] - Total operating costs for Q1 2025 were CNY 193,587,450.40, down 5.5% from CNY 204,039,054.23 in Q1 2024[15]