香山股份(002870) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 1,442,596,348.75, a decrease of 2.88% compared to CNY 1,485,416,004.27 in the same period last year[5] - Net profit attributable to shareholders was CNY 22,637,660.89, down 49.08% from CNY 44,452,962.50 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 20,123,272.11, a decline of 52.29% compared to CNY 42,182,173.66 in the previous year[5] - Total operating revenue for the current period was CNY 1,442,596,348.75, a decrease of 2.2% from CNY 1,485,416,004.27 in the previous period[19] - Net profit for the current period was CNY 36,324,354.94, a decline of 49.9% compared to CNY 72,437,795.08 in the previous period[20] - Total comprehensive income for the period was CNY 54,487,374.22, a decrease of 22% from CNY 69,732,681.65 in the previous period[21] - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.17 from CNY 0.34 year-on-year[5] - Basic and diluted earnings per share were both CNY 0.17, down from CNY 0.34 in the previous period, reflecting a 50% decline[21] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 107.47%, reaching CNY 115,781,640.80, compared to CNY 55,805,371.22 in the same period last year[5] - Cash inflow from operating activities totaled CNY 1,653,107,571.67, down 10% from CNY 1,836,048,877.56 in the previous period[22] - Cash outflow from operating activities was CNY 1,537,325,930.87, a decrease of 14% from CNY 1,780,243,506.34 in the previous period[23] - The company's cash and cash equivalents increased to CNY 1,135,226,355.32 from CNY 966,827,541.74 at the beginning of the period, representing a growth of 17.4%[15] - The ending cash and cash equivalents balance was CNY 1,078,411,813.05, an increase from CNY 729,916,568.42 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,406,979,445.00, an increase of 3.33% from CNY 8,136,121,250.11 at the end of the previous year[5] - Total assets amounted to CNY 8,406,979,445.00, up from CNY 8,136,121,250.11, indicating an increase of 3.3%[17] - Total liabilities rose to CNY 5,615,018,712.24 from CNY 5,401,256,085.25, marking an increase of 3.9%[17] - The company's equity attributable to shareholders increased to CNY 1,640,928,005.01 from CNY 1,605,447,064.91, a rise of 2.2%[17] Operational Challenges - The company faced challenges in the automotive parts business due to a decline in global luxury car sales, impacting profit margins[9] - Increased market expansion efforts in the weighing instrument business led to a significant rise in sales expenses, contributing to a decrease in profitability[10] - The company is actively seeking solutions to mitigate the potential negative impacts of tariff policies on its performance[10] Research and Development - Research and development expenses for the current period were CNY 98,499,547.13, compared to CNY 92,525,149.31 in the previous period, reflecting an increase of 6.4%[20] Inventory and Receivables - Accounts receivable decreased to CNY 1,027,494,495.47 from CNY 1,105,851,697.95, a reduction of 7.1%[15] - Inventory increased to CNY 1,164,813,618.64 from CNY 1,146,357,704.00, reflecting a growth of 1.6%[16] Investment Activities - Net cash flow from investing activities was CNY -148,913,285.33, an improvement from CNY -272,098,122.09 in the previous period[23] - The company received CNY 465,200,000.00 related to investment activities, significantly higher than CNY 0 in the previous period[23]