SKSHU(SH:603737)2025-04-25 11:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,130,374,014, representing a 3.12% increase compared to CNY 2,065,894,746 in the same period last year[2]. - Net profit attributable to shareholders increased by 123.33% to CNY 105,150,637 from CNY 47,083,307 year-on-year[2]. - Basic and diluted earnings per share rose by 122.22% to CNY 0.20 per share, up from CNY 0.09 per share in the previous year[2]. - The weighted average return on equity improved by 1.93 percentage points to 3.84% from 1.91%[2]. - The net profit for Q1 2025 was CNY 105,737,678.47, a significant increase from CNY 47,296,730.96 in Q1 2024, representing a growth of approximately 123.5%[16]. - Operating profit for Q1 2025 reached CNY 120,998,550.59, compared to CNY 38,472,134.82 in the same period last year, indicating a growth of about 213.5%[16]. - Total revenue from sales of goods and services in Q1 2025 was CNY 2,815,644,230.39, slightly up from CNY 2,790,766,851.57 in Q1 2024, reflecting a growth of approximately 0.9%[20]. - The company reported a total comprehensive income of CNY 105,740,272.66 for Q1 2025, compared to CNY 47,304,827.32 in Q1 2024, marking an increase of about 123.5%[17]. Cash Flow and Assets - The net cash flow from operating activities was CNY 109,601,371, a significant recovery from a negative CNY 263,908,253 in the previous year[2]. - The company reported a significant reduction in payment for goods, contributing to the positive cash flow from operating activities[6]. - The total cash and cash equivalents at the end of Q1 2025 were CNY 687,851,343.13, compared to CNY 554,209,230.44 at the end of Q1 2024, indicating an increase of about 24.1%[21]. - The company's cash and cash equivalents as of March 31, 2025, amounted to RMB 1,631,244,250, a slight decrease from RMB 1,691,310,145 on December 31, 2024[11]. - Accounts receivable decreased to RMB 2,886,017,565 as of March 31, 2025, compared to RMB 3,234,680,905 at the end of 2024, reflecting a reduction of approximately 10.8%[11]. - Inventory as of March 31, 2025, was RMB 711,056,492, down from RMB 729,696,159 at the end of 2024, showing a decline of about 2.6%[11]. - Total assets decreased by 3.76% to CNY 13,467,388,347 from CNY 13,992,869,789 at the end of the previous year[2]. - Total assets decreased to RMB 13,467,388,347 as of March 31, 2025, from RMB 13,992,869,789 at the end of 2024, a reduction of approximately 3.8%[12]. - Total liabilities as of March 31, 2025, were RMB 10,390,697,221, down from RMB 11,021,609,866 at the end of 2024, indicating a decrease of about 5.7%[13]. Shareholder Equity and Expenses - Shareholder equity attributable to the company increased by 3.42% to CNY 2,777,757,963 from CNY 2,685,997,217[2]. - The company's equity attributable to shareholders increased to RMB 2,777,757,963 as of March 31, 2025, compared to RMB 2,685,997,217 at the end of 2024, reflecting an increase of approximately 3.4%[13]. - Long-term borrowings rose to RMB 1,626,030,202 as of March 31, 2025, compared to RMB 1,285,084,202 at the end of 2024, representing an increase of about 26.6%[13]. - The company incurred research and development expenses of CNY 53,143,049.34 in Q1 2025, down from CNY 56,740,399.62 in Q1 2024, reflecting a decrease of approximately 6.5%[16]. - The company’s financial expenses decreased to CNY 30,949,181.08 in Q1 2025 from CNY 35,946,820.66 in Q1 2024, representing a reduction of approximately 13.9%[16]. Non-recurring Gains and Losses - Non-recurring gains and losses totaled CNY 119,692,556, primarily due to government subsidies and other income[3]. - The increase in net profit was attributed to higher revenue, improved gross margins, and reduced expenses[5].