XHCG(SH:600785)2025-04-25 11:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,854,738,615.66, a decrease of 1.57% compared to CNY 1,884,268,933.58 in the same period last year[4]. - Net profit attributable to shareholders was CNY 80,005,225.81, down 2.27% from CNY 81,862,368.10 year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.35, reflecting a decrease of 2.78% from CNY 0.36 in the previous year[4]. - The net profit for Q1 2025 was CNY 73,854,494.56, a decrease of 2.74% compared to CNY 75,899,723.65 in Q1 2024[18]. - The total profit for Q1 2025 was CNY 94,558,979.51, an increase of 1.79% from CNY 92,729,525.24 in Q1 2024[18]. - The company’s total comprehensive income for Q1 2025 was CNY 73,854,494.56, down from CNY 75,899,723.65 in Q1 2024[19]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 96.38%, reaching CNY 411,617,295.22, primarily due to a reduction in cash paid for goods[4][7]. - The net cash flow from operating activities for Q1 2025 was CNY 411,617,295.22, significantly higher than CNY 209,601,426.91 in Q1 2024[22]. - Cash and cash equivalents increased to CNY 613,379,530.71 as of March 31, 2025, compared to CNY 428,475,746.75 at the end of 2024, indicating improved liquidity[13]. - The cash and cash equivalents at the end of Q1 2025 amounted to CNY 557,638,345.10, up from CNY 344,215,905.33 at the end of Q1 2024[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,311,563,443.58, a slight decrease of 0.22% from CNY 8,329,561,283.27 at the end of the previous year[5]. - Total current assets rose to CNY 2,035,609,862.49 from CNY 1,904,631,845.69, showing a growth of approximately 6.9%[14]. - Total liabilities decreased to CNY 6,243,797,598.52 from CNY 6,335,649,932.77, reflecting effective debt management[16]. - The company's equity increased to CNY 2,067,765,845.06 from CNY 1,993,911,350.50, indicating a growth in shareholder value[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,135[8]. - The largest shareholder, Wumart Technology Group Co., Ltd., held 36.15% of the shares, totaling 81,570,343 shares[9]. Operational Efficiency - The company reported a net profit margin improvement, with operating costs growing at a slower rate than revenue, indicating operational efficiency[17]. - Total operating costs for Q1 2025 were CNY 1,770,751,280.43, down from CNY 1,797,916,897.31 in Q1 2024, reflecting a cost reduction strategy[17]. - The weighted average return on equity decreased by 0.22 percentage points to 3.50% from 3.72%[4]. - The company incurred financial expenses of CNY 39,823,821.43 in Q1 2025, a decrease from CNY 49,004,064.62 in Q1 2024[18]. Investment Activities - The company reported an investment cash outflow of CNY 705,832,771.97 in Q1 2025, compared to CNY 234,175,380.27 in Q1 2024[22]. - The company received CNY 469,950,000.01 from investment recoveries in Q1 2025, compared to CNY 65,000,000.00 in Q1 2024[22]. Inventory Management - Inventory decreased to CNY 646,209,987.29 from CNY 756,235,854.88, suggesting improved inventory management[14]. - Short-term borrowings increased to CNY 667,698,081.97 from CNY 583,794,056.88, indicating a potential increase in financing activities[15].