中航机载(600372) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥4,724,970,175.57, a decrease of 16.26% compared to ¥5,642,632,200.72 in the same period last year[4] - Net profit attributable to shareholders was ¥100,883,845.02, down 77.79% from ¥454,135,887.82 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥59,947,775.88, representing an 83.40% decrease from ¥361,219,070.96 in the previous year[4] - The company experienced a 68.63% decrease in operating profit, attributed to reduced revenue and increased R&D expenses[8] - Net profit for Q1 2025 was ¥138,401,430.29, a decline of 72.0% compared to ¥492,790,076.04 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was ¥367,208,899.15, a significant improvement from a negative cash flow of ¥1,270,058,948.31 in the same period last year[4] - Cash inflow from operating activities for Q1 2025 was approximately $5.84 billion, an increase of 23.7% compared to $4.72 billion in Q1 2024[22] - Net cash flow from operating activities for Q1 2025 was $367.21 million, a significant recovery from a net outflow of $1.27 billion in Q1 2024[23] - Total cash outflow from operating activities decreased to $5.48 billion in Q1 2025 from $5.99 billion in Q1 2024, reflecting improved operational efficiency[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥77,837,338,756.22, a decrease of 0.36% from ¥78,120,456,108.96 at the end of the previous year[5] - Total liabilities decreased to ¥38,631,842,178.94 from ¥38,907,828,105.94, reflecting a decline of 0.7%[16] - The company's total equity remained relatively stable at ¥39,205,496,577.28, compared to ¥39,212,628,003.02 previously[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 184,361[10] - The top 10 shareholders hold a total of 2,500,000,000 shares, representing 51.19% of the total shares[10] - The largest shareholder, AVIC Systems Co., Ltd., holds 1,242,768,901 shares, accounting for 25.68% of the total shares[10] Research and Development - Research and development expenses increased to ¥505,822,398.89 in Q1 2025, up 22.6% from ¥412,489,147.17 in Q1 2024[19] Other Financial Metrics - Basic earnings per share were ¥0.0208, down 77.78% from ¥0.0936 in the same period last year[5] - The weighted average return on equity decreased to 0.27%, down 0.98 percentage points from 1.25% in the previous year[5] - Non-recurring gains totaled ¥40,936,069.14 after accounting for tax and minority interests[8] - The company's cash and cash equivalents as of March 31, 2025, amount to ¥12,181,130,410.61, a decrease from ¥13,044,054,512.75 as of December 31, 2024[13] - Accounts receivable increased to ¥24,272,803,477.67 from ¥23,470,748,154.50, reflecting a growth of approximately 3.42%[14] - Inventory as of March 31, 2025, is reported at ¥16,563,601,805.49, up from ¥15,647,914,279.06, indicating an increase of about 5.83%[14] - The total current assets amount to ¥59,653,210,628.09, slightly up from ¥59,493,346,401.19[14] - Long-term equity investments are valued at ¥882,288,261.19, a marginal increase from ¥875,186,759.32[14] Financing Activities - Cash inflow from financing activities increased to $2.18 billion in Q1 2025 from $1.93 billion in Q1 2024, showing stronger financing efforts[23] - Net cash flow from financing activities was -$949.99 million in Q1 2025, a decline from a positive $1.18 billion in Q1 2024, indicating higher debt repayments[23] Operational Performance - There are no other important reminders regarding the company's operational performance during the reporting period[12]