宝信软件(600845) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,538,047,248.93, a decrease of 25.16% compared to CNY 3,391,127,645.46 in the same period last year[3] - Net profit attributable to shareholders for Q1 2025 was CNY 444,637,060.93, down 24.60% from CNY 589,681,019.87 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 421,718,942.92, reflecting a decline of 28.05% compared to CNY 586,090,919.40 in the previous year[3] - Basic earnings per share for Q1 2025 were CNY 0.156, a decrease of 25.00% from CNY 0.250 in the same period last year[4] - The company's net profit for Q1 2025 was not explicitly stated but can be inferred from the operating income and costs[16] - The net profit for Q1 2025 was CNY 452,084,156.40, a decrease of 23.3% compared to CNY 589,384,795.18 in Q1 2024[17] - The total comprehensive income attributable to the parent company was CNY 445,322,736.46, down from CNY 587,903,466.05 in the previous year, reflecting a decline of 24.2%[19] - Basic earnings per share for Q1 2025 were CNY 0.156, compared to CNY 0.208 in Q1 2024, representing a decrease of 25.0%[19] - The total profit for Q1 2025 was CNY 498,731,919.42, a decrease of 24.0% compared to CNY 655,627,834.44 in Q1 2024[17] Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 22,458,890,455.68, an increase of 3.80% from CNY 21,636,685,902.19 at the end of the previous year[4] - The equity attributable to shareholders increased by 5.59% to CNY 12,035,956,634.79 from CNY 11,398,233,859.01 at the end of the previous year[4] - Total current assets increased to CNY 17,286,063,233.53 as of March 31, 2025, from CNY 16,655,324,893.31 at the end of 2024, representing an increase of 3.8%[13] - Inventory as of March 31, 2025, was CNY 3,318,770,980.95, up 22.0% from CNY 2,723,275,897.85 at the end of 2024[12] - Total liabilities increased to CNY 9,524,128,285.01 as of March 31, 2025, compared to CNY 9,351,236,268.07 at the end of 2024, reflecting a growth of 1.8%[14] - The company's total liabilities decreased to CNY 8.54 billion as of March 31, 2025, from CNY 8.74 billion on December 31, 2024, indicating a reduction of approximately 2.3%[26] - The company's equity increased to CNY 11.28 billion as of March 31, 2025, compared to CNY 10.72 billion at the end of 2024, reflecting a growth of about 5.2%[27] Cash Flow - The net cash flow from operating activities for Q1 2025 was CNY 483,861,784.13, an increase of 2.97% compared to CNY 469,884,059.44 in the same period last year[3] - Cash inflows from operating activities totaled CNY 2,792,259,334.96, an increase of 6.9% from CNY 2,611,419,329.76 in the same period last year[21] - The net cash flow from operating activities was CNY 483,861,784.13, slightly up from CNY 469,884,059.44 in Q1 2024[22] - The company reported a net cash outflow from investing activities of CNY -465,509,546.79, worsening from CNY -87,449,173.77 in the previous year[22] - Cash and cash equivalents at the end of Q1 2025 stood at CNY 4,510,306,329.77, down from CNY 6,234,097,706.87 at the end of Q1 2024[22] - The company incurred a total operating profit of CNY 498,972,135.42, down 24.0% from CNY 655,689,461.03 in the previous year[17] - The company experienced a foreign exchange impact of CNY 1,230,928.27 on cash and cash equivalents during the quarter[22] Acquisitions and Deregistrations - The company completed the acquisition of 100% equity in Yunnan Kunsteel Electronic Information Technology Co., Ltd. for CNY 149 million in February 2025[10] - The subsidiary Anhui Xiangyun Technology Co., Ltd. was deregistered in February 2025, and it will no longer be included in the consolidated financial statements from March 2025[10] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 295,856,724.11 in Q1 2025, compared to CNY 320,382,724.38 in Q1 2024[16] - Research and development expenses remained stable at CNY 248.57 million in Q1 2025, slightly up from CNY 248.28 million in Q1 2024[28] Future Plans - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[16] Financial Management - The company reported a decrease in sales expenses to CNY 28.88 million in Q1 2025 from CNY 36.32 million in Q1 2024, a reduction of approximately 20.5%[28] - The company’s financial expenses showed a significant improvement, with a net expense of CNY 2.82 million in Q1 2025 compared to a net income of CNY 11.05 million in Q1 2024[28] - The company will not apply new accounting standards starting from 2025[34]