长城军工(601606) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 147,930,070.35, representing a year-on-year increase of 5.09% compared to CNY 140,767,239.52 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 54,253,426.95, a decline of 55.14% from a loss of CNY 34,971,326.38 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 61,780,356.04, down 58.30% from CNY 39,028,281.51 in the same period last year[4] - The basic and diluted earnings per share were both CNY -0.07, reflecting a decrease of 40.00% compared to CNY -0.05 in the previous year[4] - The net cash flow from operating activities was CNY -88,679,611.04, a decline of 27.59% from CNY -69,501,321.55 in the same period last year[4] - The net profit for Q1 2025 was -¥54,545,626.57, worsening from -¥35,293,414.98 in Q1 2024, reflecting a decline of approximately 54.5%[16] - Basic and diluted earnings per share for Q1 2025 were both -¥0.07, compared to -¥0.05 in Q1 2024[16] - The company reported a total comprehensive loss of -¥54,545,626.57 in Q1 2025, compared to -¥35,292,799.90 in Q1 2024[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,248,426,900.03, down 3.81% from CNY 4,416,610,491.20 at the end of the previous year[4] - Current assets as of March 31, 2025, totaled ¥2,562,808,782.91, a decrease from ¥2,724,291,429.16 as of December 31, 2024, reflecting a decline of about 5.9%[11] - Total liabilities decreased to ¥2,066,748,997.48 as of March 31, 2025, down from ¥2,177,623,563.60 at the end of 2024, indicating a reduction of about 5.1%[12] - The company's cash and cash equivalents decreased to ¥418,676,587.36 from ¥554,846,995.96, a decline of approximately 24.5%[11] - Short-term borrowings amounted to ¥430,300,000.01, down from ¥492,550,377.22, reflecting a decrease of about 12.6%[12] - The total equity attributable to shareholders decreased to ¥2,171,885,285.29 from ¥2,228,902,110.72, a decline of approximately 2.6%[12] Research and Development - Research and development expenses increased by 46.96%, indicating a significant increase in investment in R&D efforts[5] - Research and development expenses rose to ¥41,729,386.79 in Q1 2025, up from ¥28,394,196.37 in Q1 2024, marking an increase of about 47.1%[16] Inventory and Operating Costs - The company reported a significant increase in inventory by 30.67%, attributed to increased procurement of raw materials for production[5] - Inventory increased significantly to ¥678,912,683.60 as of March 31, 2025, compared to ¥519,574,660.83 at the end of 2024, marking a rise of approximately 30.7%[11] - Total operating costs increased to ¥230,581,097.76 in Q1 2025 from ¥191,064,974.54 in Q1 2024, representing a growth of approximately 20.6%[16] Future Outlook - The company did not report any significant new product developments or market expansion strategies during this quarter[4] - The company reported a net profit margin improvement, with net income figures expected to be released in future reports[15] - Future outlook remains optimistic with potential for market expansion and new product development strategies being discussed[15] - The company is focusing on enhancing its technological capabilities and exploring strategic acquisitions to drive growth[15] Cash Flow and Financing - The company incurred a total of ¥39,829,953.18 in other cash payments related to operating activities in Q1 2025, down from ¥76,709,313.17 in Q1 2024[18] - The company raised ¥135,000,000.00 in borrowings during Q1 2025, compared to ¥76,660,134.51 in Q1 2024, indicating a significant increase in financing activities[18]