xinsteel(SH:600782)2025-04-25 10:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 874,872.52 million, a decrease of 22.54% compared to CNY 1,129,409.99 million in the same period last year[4] - The net profit attributable to shareholders was CNY 1,246.91 million, a significant recovery from a loss of CNY 15,611.92 million in the previous year[4] - The net cash flow from operating activities was CNY 810.25 million, improving from a negative cash flow of CNY -2,352.44 million in the same period last year[4] - Total operating revenue for Q1 2025 was ¥8,748,725,206.72, a decrease of 22.5% compared to ¥11,294,099,879.88 in Q1 2024[19] - Net profit for Q1 2025 was ¥15,519,722.44, a significant recovery from a net loss of ¥153,369,708.31 in Q1 2024[20] - The company reported a total comprehensive income of ¥14,949,976.12 in Q1 2025, a recovery from a loss of ¥155,025,673.90 in the same period last year[21] - Basic and diluted earnings per share for Q1 2025 were both ¥0.004, compared to a loss of ¥0.05 per share in Q1 2024[21] Asset and Equity Management - The total assets at the end of Q1 2025 were CNY 5,007,114.64 million, down 4.37% from CNY 5,235,838.08 million at the end of the previous year[4] - The total equity attributable to shareholders increased slightly by 0.05% to CNY 2,613,862.29 million compared to CNY 2,612,672.35 million at the end of the previous year[4] - The company's total assets decreased to ¥50,071,146,359.18 in the latest report from ¥52,358,380,835.97[16] - The total equity attributable to shareholders increased slightly to ¥26,138,622,863.62 from ¥26,126,723,510.92[16] Cost Management and Efficiency - The company emphasized a focus on cost reduction and efficiency improvement, which contributed to better gross margins compared to the previous year[4] - Total operating costs for Q1 2025 were ¥8,480,716,345.86, down from ¥11,268,581,740.55 in Q1 2024, reflecting a reduction of 24.5%[19] - Research and development expenses for Q1 2025 were ¥105,033,404.88, down from ¥150,418,942.98 in Q1 2024, a decrease of 30.1%[19] Cash Flow Management - The cash management strategy has been refined to optimize cash flow and reduce capital occupation[4] - In Q1 2025, the company reported a net cash flow from operating activities of ¥8,102,532.29, a significant improvement from a net loss of ¥23,524,407.16 in Q1 2024[24] - Cash outflows for operating activities in Q1 2025 were ¥9,537,776,920.28, compared to ¥12,396,967,394.49 in Q1 2024, indicating improved cash management[25] - The company incurred a net cash outflow from investing activities of ¥833,978,145.80 in Q1 2025, compared to a net outflow of ¥618,661,913.71 in Q1 2024[25] - The company received cash inflows from investment activities totaling ¥1,259,168,812.69 in Q1 2025, slightly down from ¥1,326,801,916.19 in Q1 2024[25] - The company's cash and cash equivalents increased, contributing to improved liquidity ratios[16] - Cash and cash equivalents at the end of Q1 2025 stood at ¥1,934,149,769.35, down from ¥3,162,321,415.41 at the end of Q1 2024[25] Strategic Focus - The company has maintained its commitment to the "Four Have" operational principles, which has positively impacted its financial performance[4] - The company plans to focus on market expansion and new product development in the upcoming quarters[20] - The company did not execute any mergers or acquisitions during the reporting period, with no net profit reported from merged entities[21] Investment Income - The company reported an increase in investment income to ¥96,127,563.82 in Q1 2025, compared to ¥230,265,381.35 in Q1 2024[20]