GAC GROUP(601238)2025-04-25 09:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 19.65 billion, a decrease of 7.95% compared to CNY 21.35 billion in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 731.61 million, representing a decline of 159.95% from a profit of CNY 1.22 billion in the previous year[4]. - Basic and diluted earnings per share were both negative CNY 0.07, down 158.33% from CNY 0.12 in the same period last year[4]. - Total comprehensive income for Q1 2025 was a loss of ¥1.24 billion, compared to a gain of ¥1.17 billion in Q1 2024[19]. - Operating profit for Q1 2025 was a loss of ¥1.28 billion, contrasting with a profit of ¥960.66 million in Q1 2024[18]. Cash Flow - The net cash flow from operating activities was negative CNY 11.21 billion, an increase in outflow of 82.59% compared to negative CNY 6.14 billion last year[4]. - Cash flow from operating activities for Q1 2025 was a net outflow of ¥11.21 billion, worsening from a net outflow of ¥6.14 billion in Q1 2024[22]. - Cash flow from investing activities for Q1 2025 was a net outflow of ¥2.02 billion, an improvement from a net outflow of ¥4.39 billion in Q1 2024[22]. - Cash flow from financing activities for Q1 2025 showed a net inflow of ¥134.28 million, down from a net inflow of ¥2.09 billion in Q1 2024[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 213.13 billion, down 8.32% from CNY 232.46 billion at the end of the previous year[5]. - Current assets decreased to CNY 95.46 billion from CNY 112.03 billion, representing a reduction of about 14.8%[14]. - Cash and cash equivalents dropped to CNY 38.36 billion, down from CNY 51.62 billion, a decline of approximately 25.6%[14]. - Total liabilities decreased to CNY 92.69 billion from CNY 110.68 billion, a reduction of about 16.3%[15]. - The total non-current assets amounted to CNY 117.66 billion, down from CNY 120.43 billion, a decrease of approximately 2.3%[15]. Shareholder Information - The equity attributable to shareholders was CNY 113.38 billion, a slight decrease of 0.85% from CNY 114.35 billion at the end of the previous year[5]. - The total number of ordinary shareholders at the end of the reporting period was 134,377[8]. Inventory and Expenses - Inventory increased to CNY 18.92 billion from CNY 15.69 billion, reflecting an increase of about 20.0%[14]. - Research and development expenses for Q1 2025 were ¥377.06 million, slightly up from ¥375.36 million in Q1 2024[18]. Market Conditions - The decline in net profit was primarily due to a decrease in vehicle sales and increased promotional expenses amid intensified market competition[7]. - The weighted average return on equity decreased by 1.69 percentage points to -0.64% from 1.05% in the previous year[5].