LONGDA(SZ:002726)2025-04-25 11:25Revenue and Profit - The company's revenue for Q1 2025 was CNY 2,548,633,936.68, representing a 1.01% increase compared to CNY 2,523,176,556.28 in the same period last year[6] - Net profit attributable to shareholders decreased by 85.85% to CNY 4,293,625.45 from CNY 30,348,718.37 year-on-year[6] - Net profit for the current period was ¥5,927,087.23, down significantly from ¥29,657,335.20 in the previous period, reflecting a decline of approximately 80%[20] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, down 89.60% to CNY 3,134,347.32[6] - The company reported a decrease in basic earnings per share to ¥0.004 from ¥0.03, indicating a decline of approximately 87%[20] Cash Flow - The net cash flow from operating activities improved by 40.76%, reaching CNY -84,055,644.16 compared to CNY -141,897,535.08 in the previous year[6] - The net cash flow from operating activities was negative at -¥84,055,644.16, an improvement from -¥141,897,535.08 in the previous period[21] - Cash inflow from operating activities totaled ¥3,001,231,753.59, up from ¥2,026,006,598.81 in the previous period, representing an increase of approximately 48%[21] - The company’s cash flow from investment activities improved significantly, with a net cash flow of CNY -8,907,669.69, an 89.03% increase compared to the previous year[10] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,976,231,808.85, a 1.65% increase from CNY 5,879,447,058.14 at the end of the previous year[6] - The total assets of Shandong Longda Food Co., Ltd. as of March 31, 2025, amounted to CNY 5,976,231,808.85, an increase from CNY 5,879,447,058.14 at the beginning of the period[16] - Current assets increased to CNY 2,554,862,215.64 from CNY 2,526,523,266.25, reflecting a growth of approximately 1.35%[16] - Total liabilities increased to CNY 4,311,263,417.25 from CNY 4,218,176,140.08, representing a growth of approximately 2.2%[17] - The company’s total liabilities increased, with lease liabilities rising by 156.79% to CNY 123,552,304.03 due to new leasing arrangements[10] - The total liabilities and equity increased to ¥5,976,231,808.85 from ¥5,879,447,058.14, showing a growth of about 1.6%[18] Equity and Borrowings - The company's total equity remained stable at CNY 1,664,968,391.60, with no significant changes reported[17] - The company’s total equity attributable to shareholders increased slightly to ¥1,507,577,942.75 from ¥1,503,284,266.32[18] - Short-term borrowings were reported at CNY 1,651,126,250.34, slightly up from CNY 1,629,824,663.47, indicating a marginal increase[17] - The company’s long-term borrowings decreased to CNY 236,816,541.91 from CNY 272,316,541.91, reflecting a reduction of approximately 13.0%[17] Research and Development - Research and development expenses increased by 60.46% to CNY 2,278,635.36, reflecting higher investment in R&D[10] - Research and development expenses were relatively stable at ¥2,278,635.36 compared to ¥2,320,023.95 in the previous period[19] Inventory and Receivables - Inventory decreased to CNY 942,436,290.26 from CNY 994,358,007.81, reflecting a decline of about 5.2%[16] - The company reported accounts receivable of CNY 439,979,006.39, which is an increase from CNY 428,734,055.32, showing a growth of approximately 2.9%[16] Other Financial Metrics - The weighted average return on equity decreased to 0.32% from 2.29% year-on-year[6] - The company recorded a significant increase in credit impairment losses to ¥32,190,211.93 from a recovery of -¥1,807,460.32 in the previous period[19]