长龄液压(605389) - 2025 Q1 - 季度财报

Report Cover This report presents Jiangsu Changling Hydraulic Co., Ltd.'s 2025 First Quarterly Report, identified by stock code 605389 and abbreviation Changling Hydraulic - This report is Jiangsu Changling Hydraulic Co., Ltd.'s 2025 First Quarter Report, stock code 605389, stock abbreviation Changling Hydraulic[1] Important Notice This section confirms the board's responsibility for the report's accuracy and states that the financial statements are unaudited Board of Directors' Statement The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility for it - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[2] Financial Statement Audit Status This quarter's financial statements are unaudited - The first quarter financial statements are unaudited[2] Key Financial Data This section provides an overview of the company's key financial performance and position for the first quarter of 2025, including revenue, net profit, and cash flow Key Accounting Data and Financial Indicators In Q1 2025, the company's operating revenue and net profit attributable to parent company shareholders both decreased year-on-year, while net cash flow from operating activities increased, with total assets and owners' equity attributable to the parent company showing slight growth at period-end 2025年第一季度主要财务指标 | 项目 | Current Period (RMB) | Prior Year Same Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 219,303,426.24 | 225,261,208.29 | -2.64 | | Net Profit Attributable to Listed Company Shareholders | 30,824,700.98 | 33,370,170.26 | -7.63 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Gains/Losses) | 29,704,610.44 | 31,513,528.16 | -5.74 | | Net Cash Flow from Operating Activities | 40,502,469.89 | 34,800,984.87 | 16.38 | | Basic Earnings Per Share (RMB/share) | 0.21 | 0.23 | -8.70 | | Diluted Earnings Per Share (RMB/share) | 0.21 | 0.23 | -8.70 | | Weighted Average Return on Net Assets (%) | 1.46 | 1.57 | Decrease of 0.11 percentage points | Period-End Indicators | 项目 | Current Period End (RMB) | Prior Year End (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,428,249,495.47 | 2,402,235,231.20 | 1.08 | | Owners' Equity Attributable to Listed Company Shareholders | 2,128,171,336.43 | 2,097,288,801.40 | 1.47 | Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the current period amounted to RMB 1,120,090.54, primarily from gains/losses on entrusted investments and government subsidies 2025年第一季度非经常性损益项目 | Non-recurring Gains and Losses Item | Current Period Amount (RMB) | | :--- | :--- | | Gains and Losses on Disposal of Non-current Assets | 2,238.65 | | Government Subsidies Included in Current Profit and Loss | 136,424.81 | | Gains and Losses from Entrusted Investment or Asset Management | 1,186,807.83 | | Other Non-operating Income and Expenses Apart from the Above | -321.11 | | Less: Income Tax Impact | 205,059.64 | | Total | 1,120,090.54 | Changes and Reasons for Key Accounting Data and Financial Indicators During the reporting period, the company did not disclose significant changes or reasons for key accounting data and financial indicators - The company did not disclose changes or reasons for key accounting data and financial indicators[6] Shareholder Information This section details the total number of common shareholders and the shareholding structure of the top ten shareholders, highlighting equity concentration Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 8,963 common shareholders, with the top two shareholders, Xia Jifa and Xia Zemin, holding over 68% combined and acting in concert with Jiangyin Lan Hai Hao Long Enterprise Management Partnership (Limited Partnership), indicating high equity concentration - As of the end of the reporting period, the total number of common shareholders was 8,963[7] 前10名股东持股情况 | Shareholder Name | Shareholder Nature | Shares Held (shares) | Holding Ratio (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Xia Jifa | Domestic Natural Person | 58,800,000 | 40.81 | 0 | | Xia Zemin | Domestic Natural Person | 39,200,000 | 27.21 | 0 | | Xu Jianhu | Other | 5,793,411 | 4.02 | 5,793,411 | | Jiangyin Lan Hai Hao Long Enterprise Management Partnership (Limited Partnership) | Other | 4,200,000 | 2.91 | 0 | | Jiangyin Shang Tuo Enterprise Management Partnership (Limited Partnership) | Other | 2,148,999 | 1.49 | 2,026,899 | - Xia Jifa, Xia Zemin, and Jiangyin Lan Hai Hao Long Enterprise Management Partnership (Limited Partnership) are parties acting in concert; Xu Jianhu and Jiangyin Shang Tuo Enterprise Management Partnership (Limited Partnership) are parties acting in concert[8] Other Reminders This section indicates that no additional important information requiring investor attention was disclosed for the reporting period - The company did not disclose other important information regarding its operating performance during the reporting period that requires investor attention[9] Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements for the first quarter of 2025, including the balance sheet, income statement, and cash flow statement Type of Audit Opinion This quarter's financial statements are unaudited, thus no audit opinion type is provided - This quarter's financial statements are unaudited, and no audit opinion type is provided[9] Financial Statements This section presents the company's consolidated balance sheet, income statement, and cash flow statement for Q1 2025, comprehensively detailing its financial position, operating results, and cash flows Consolidated Balance Sheet As of March 31, 2025, total assets were RMB 2.428 billion, up 1.08% from year-end, with significant increases in trading financial assets and construction in progress, while total liabilities slightly decreased and owners' equity steadily grew 合并资产负债表主要科目变动 (2025年3月31日 vs 2024年12月31日) | Item | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 311,908,211.52 | 354,975,568.35 | -43,067,356.83 | -12.13 | | Trading Financial Assets | 480,000,000.00 | 420,000,000.00 | 60,000,000.00 | 14.29 | | Prepayments | 7,600,867.06 | 3,871,557.76 | 3,729,309.30 | 96.33 | | Inventories | 189,254,322.97 | 177,224,062.03 | 12,030,260.94 | 6.79 | | Construction in Progress | 26,504,536.00 | 12,200,567.59 | 14,303,968.41 | 117.24 | | Short-term Borrowings | 11,658,425.08 | 0.00 | 11,658,425.08 | N/A | | Contract Liabilities | 2,308,752.94 | 998,528.55 | 1,310,224.39 | 131.22 | | Taxes Payable | 17,980,360.33 | 13,503,941.51 | 4,476,418.82 | 33.15 | | Total Owners' Equity Attributable to Parent Company | 2,128,171,336.43 | 2,097,288,801.40 | 30,882,535.03 | 1.47 | Consolidated Income Statement In Q1 2025, total operating revenue decreased 2.64% year-on-year to RMB 219 million, and net profit attributable to parent company shareholders decreased 7.63% to RMB 30.82 million, with total operating costs slightly up, taxes and surcharges and R&D expenses increasing, financial expenses loss significantly narrowing, and investment income and credit impairment losses positively contributing to profit 合并利润表主要科目变动 (2025年Q1 vs 2024年Q1) | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 219,303,426.24 | 225,261,208.29 | -2.64 | | Total Operating Costs | 188,171,321.31 | 185,481,024.68 | 1.45 | | Taxes and Surcharges | 2,893,406.23 | 1,925,003.21 | 50.31 | | Selling Expenses | 4,001,095.70 | 4,700,170.34 | -14.87 | | R&D Expenses | 9,833,029.75 | 9,300,392.65 | 5.73 | | Financial Expenses | -593,332.07 | -2,803,043.55 | -78.84 | | Investment Income | 1,186,807.83 | 351,921.74 | 237.27 | | Credit Impairment Losses | 1,064,989.37 | -758,623.62 | N/A (from negative to positive) | | Net Profit Attributable to Parent Company Shareholders | 30,824,700.98 | 33,370,170.26 | -7.63 | | Basic Earnings Per Share (RMB/share) | 0.21 | 0.23 | -8.70 | Consolidated Cash Flow Statement In Q1 2025, net cash flow from operating activities increased 16.38% year-on-year to RMB 40.50 million, while net cash flow from investing activities was -RMB 93.91 million due to increased outflows for fixed asset purchases and other investment-related activities, and net cash flow from financing activities turned positive primarily due to borrowings 合并现金流量表主要科目变动 (2025年Q1 vs 2024年Q1) | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 40,502,469.89 | 34,800,984.87 | 16.38 | | Cash Received from Sales of Goods and Services | 170,514,608.30 | 206,397,847.40 | -17.39 | | Cash Paid for Goods and Services | 86,248,148.92 | 123,277,063.39 | -30.04 | | Cash Received Related to Other Investing Activities | 210,000,000.00 | 60,000,000.00 | 250.00 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 35,186,692.89 | 13,556,314.63 | 159.57 | | Cash Paid Related to Other Investing Activities | 270,000,000.00 | 4,192,152.78 | 6339.90 | | Net Cash Flow from Investing Activities | -93,907,132.59 | -21,317,587.08 | -340.53 | | Cash Received from Borrowings | 11,658,425.08 | 0.00 | N/A | | Cash Paid for Debt Repayment | 0.00 | 9,000,000.00 | -100.00 | | Net Cash Flow from Financing Activities | 11,658,425.08 | -12,000,000.00 | N/A (from negative to positive) | | Net Increase in Cash and Cash Equivalents | -41,942,356.83 | 1,671,248.42 | -2609.50 | Appendix This section includes supplementary information, noting the non-applicability of new accounting standards adjustments and the report's issuance date - The adjustment of financial statements at the beginning of the first year of implementation of new accounting standards or interpretations starting from 2025 is not applicable[20] - This report was issued by the Board of Directors of Jiangsu Changling Hydraulic Co., Ltd. on April 29, 2025[20]