景津装备(603279) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,405,878,458.58, a decrease of 6.70% compared to CNY 1,506,824,330.95 in the same period last year[5] - Net profit attributable to shareholders was CNY 166,849,184.85, down 26.99% from CNY 228,531,883.32 year-on-year[5] - Basic and diluted earnings per share were both CNY 0.29, a decrease of 27.50% from CNY 0.40 in the same period last year[5] - Total operating revenue for Q1 2025 was CNY 1,405,878,458.58, a decrease of 6.67% compared to CNY 1,506,824,330.95 in Q1 2024[17] - Net profit for Q1 2025 was CNY 166,849,184.85, a decline of 26.96% from CNY 228,531,883.32 in Q1 2024[18] - Earnings per share for Q1 2025 was CNY 0.29, compared to CNY 0.40 in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities increased by 107.51%, reaching CNY 164,771,156.28, compared to CNY 79,403,898.94 in the previous year[5] - Cash flow from operating activities for Q1 2025 was CNY 164,771,156.28, an increase from CNY 79,403,898.94 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 1,451,659,622.35, up from CNY 912,715,348.60 at the end of Q1 2024[21] - The company incurred a net cash outflow of CNY 94,948,701.33 from financing activities in Q1 2025, compared to a net outflow of CNY 631,482,705.20 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,890,004,592.19, reflecting a 2.51% increase from CNY 8,672,531,611.61 at the end of the previous year[6] - The company's current assets totaled RMB 5,952,549,986.58, compared to RMB 5,696,172,614.86 at the end of 2024, indicating an increase of about 4.51%[14] - Total liabilities reached RMB 4,255,839,620.62, compared to RMB 4,208,442,385.48, marking an increase of about 1.13%[15] - The accounts receivable decreased to RMB 864,814,474.59 from RMB 872,554,672.94, indicating a decline of about 0.89%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,054[9] - The largest shareholder, Jingjin Investment Co., Ltd., holds 31.36% of the shares, totaling 180,779,289 shares[10] Operational Efficiency - The company reported a significant increase in cash flow due to the use of bank acceptance bills for raw material procurement, reducing cash outflow for purchases[8] - The company reported a significant increase in prepayments, which rose to RMB 123,506,768.03 from RMB 21,769,366.30, a growth of approximately 467.5%[13] - The company experienced a significant increase in other income, which rose to CNY 10,844,552.11 in Q1 2025 from CNY 3,694,776.39 in Q1 2024[18] Cost Management - Total operating costs for Q1 2025 were CNY 1,190,417,992.18, down 1.01% from CNY 1,202,628,833.96 in Q1 2024[17] - Research and development expenses for Q1 2025 were CNY 27,250,082.40, down 21.67% from CNY 34,790,665.25 in Q1 2024[17] - The company reported a decrease in sales expenses to CNY 66,890,710.48 in Q1 2025 from CNY 74,087,528.25 in Q1 2024, a reduction of 9.06%[17] Future Plans - The company has approved a "Quality Improvement and Efficiency Enhancement" action plan for 2024, which was evaluated in a board meeting held on February 25, 2025[12] - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year[22]