HHTG(SH:600095)2025-04-25 14:33Financial Performance - Total operating income for Q1 2025 was CNY 621,109,611.23, an increase of 5.44% compared to CNY 589,077,051.80 in the same period last year[5]. - Operating revenue decreased by 30.43% to CNY 134,603,430.68 from CNY 193,476,017.48 year-on-year[5]. - Net profit attributable to shareholders decreased by 45.75% to CNY 49,167,893.85 from CNY 90,634,579.11 in the previous year[5]. - Basic earnings per share fell by 45.74% to CNY 0.0172 from CNY 0.0317 year-on-year[6]. - The net profit for Q1 2025 was CNY 48,401,202.76, a decrease of 45.5% compared to CNY 88,659,554.55 in Q1 2024[23]. - The total comprehensive income attributable to the parent company was CNY 41,381,670.35, down from CNY 109,857,046.27 in the same period last year, representing a decline of 62.4%[24]. - The total profit for Q1 2025 was CNY 73,696,801.96, down 34.4% from CNY 112,382,760.25 in Q1 2024[23]. Cash Flow and Assets - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 750,729,679.35 compared to a net inflow of CNY 2,046,520,565.43 in the same period last year, a decrease of 136.68%[5][8]. - The company reported a total cash inflow from operating activities of CNY 2,593,202,043.18, significantly lower than CNY 5,524,672,689.29 in the previous year[25]. - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 12,793,398,955.16, a decrease from RMB 12,943,090,861.16 as of December 31, 2024, reflecting a decline of approximately 1.16%[17]. - The company’s cash and cash equivalents decreased to CNY 31,079,634,137.10 from CNY 31,635,717,484.49, a decline of approximately 1.8%[18]. - The total cash and cash equivalents at the end of Q1 2025 were CNY 16,432,578,701.45, compared to CNY 14,370,237,751.23 at the end of Q1 2024, indicating an increase of 14.4%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 91,214[9]. - The largest shareholder, New Lake Holdings Co., Ltd., held 24.13% of the shares, amounting to 689,855,361 shares[10]. - The company has not reported any changes in the top 10 shareholders or the top 10 unrestricted circulating shareholders due to securities lending or borrowing activities[12]. Liabilities and Equity - Total liabilities increased to CNY 26,813,871,212.57 from CNY 26,716,554,660.29, showing a rise of approximately 0.4%[19]. - The equity attributable to shareholders rose to CNY 11,863,340,050.76 from CNY 11,823,145,632.38, marking an increase of about 0.3%[19]. - The company’s total liabilities to equity ratio was approximately 2.26, indicating a leverage level that may require monitoring[19]. Operational Metrics - Total operating costs for Q1 2025 were CNY 591,341,301.23, down from CNY 656,646,588.68 in Q1 2024, indicating a reduction of approximately 9.9%[22]. - Interest income decreased to CNY 213,486,950.31 in Q1 2025 from CNY 220,567,290.47 in Q1 2024, a decline of about 3.9%[22]. - The company reported a net investment income of CNY 46,341,729.73 in Q1 2025, compared to CNY 79,671,926.40 in Q1 2024, reflecting a decrease of about 41.8%[22]. - Revenue from sales of goods and services received cash of CNY 171,814,131.06, down 13.8% from CNY 199,378,582.92 in Q1 2024[25]. Other Financial Activities - The company plans to conduct a share repurchase program with a total fund of no less than RMB 80 million and no more than RMB 160 million, with a maximum repurchase price of RMB 10.04 per share[13]. - As of March 31, 2025, the company had repurchased a total of 6,943,700 shares, accounting for 0.24% of the total share capital, with a total expenditure of RMB 44,290,000[14]. - The company is in the process of a merger with Shanghai Dazhihui Co., Ltd., which involves issuing A-shares to shareholders of Shanghai Dazhihui and raising supporting funds[12]. - The company incurred asset impairment losses of CNY 33,477.83 in Q1 2025, compared to CNY 997,974.36 in Q1 2024[23]. - The company reported a significant increase in cash outflows related to financing activities, totaling CNY 455,135,362.28 in Q1 2025, compared to CNY 936,959,449.90 in Q1 2024[27].