CMC(SH:600327)2025-04-28 08:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 920,892,642.43, a decrease of 8.55% compared to CNY 1,007,017,588.99 in the same period last year[3] - Net profit attributable to shareholders increased by 78.14% to CNY 39,931,980.96, up from CNY 27,158,710.21 in the previous year[3] - Basic and diluted earnings per share both rose to CNY 0.045, reflecting a 78.14% increase compared to CNY 0.031 in the same period last year[3] - Net profit for Q1 2025 reached CNY 58,852,426.14, an increase of 98.5% compared to CNY 29,670,904.83 in Q1 2024[17] - The total comprehensive income for the current period is CNY 58,216,800.37, compared to CNY 29,247,154.32 in the previous period, indicating a growth of about 98.9%[18] - The basic and diluted earnings per share for the current period are both CNY 0.045, up from CNY 0.025 in the previous period, reflecting an increase of 80%[18] Cash Flow - The net cash flow from operating activities was CNY 25,448,339.73, representing a 2.99% increase from CNY 22,715,581.99 in the previous year[3] - The net cash flow from operating activities for the first quarter of 2025 is CNY 25,448,339.73, slightly up from CNY 24,710,644.98 in the first quarter of 2024[20] - Cash inflow from operating activities totaled CNY 1,145,343,438.66, while cash outflow was CNY 1,119,895,098.93, resulting in a net cash flow of CNY 25,448,339.73[20] - The net cash flow from investing activities is CNY 35,613,784.71, a significant improvement compared to a net outflow of CNY 73,777,216.27 in the previous period[22] - Cash inflow from financing activities was CNY 436,517,786.80, while cash outflow was CNY 484,676,417.86, leading to a net cash flow of -CNY 48,158,631.06[22] - The ending cash and cash equivalents balance is CNY 468,817,347.44, down from CNY 480,092,765.88 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,841,492,391.24, a decrease of 2.18% from CNY 5,801,607,691.81 at the end of the previous year[4] - Total liabilities as of March 31, 2025, were CNY 2,202,450,544.69, a decrease from CNY 2,304,649,934.09 as of December 31, 2024[15] - The company's total equity as of March 31, 2025, was CNY 3,639,041,846.55, down from CNY 3,666,860,533.60 as of December 31, 2024[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,560[10] - The largest shareholder, Jiangsu Wuxi Commercial Building Group Co., Ltd., holds 44.71% of the shares, amounting to 395,552,372 shares[10] Research and Development - Research and development expenses for Q1 2025 were CNY 1,198,903.51, compared to CNY 1,426,687.82 in Q1 2024, reflecting a decrease of 16.0%[17] Investments - The acquisition of 92.3333% equity in Anhui Xiangtai Automotive Chassis Components Co., Ltd. was completed in March 2025, leading to retrospective adjustments in financial data[5] - Non-recurring gains and losses totaled CNY 11,991,593.33 for the period, primarily due to investment income from the disposal of joint ventures[7] - The company reported an investment income of CNY 11,565,030.10 in Q1 2025, compared to a loss of CNY 2,040,344.73 in Q1 2024[17] Current Assets - The company's total current assets as of March 31, 2025, amounted to CNY 1,113,515,414.02, up from CNY 1,015,637,531.56 as of December 31, 2024[13] - Total non-current assets decreased to CNY 4,727,976,977.22 as of March 31, 2025, from CNY 4,955,872,936.13 as of December 31, 2024[14] Revenue Decline - The company reported a decrease in sales revenue from CNY 1,312,928,226.61 in Q1 2024 to CNY 1,129,378,536.78 in Q1 2025, a decline of approximately 13.9%[20] Accounting Standards - The company has not applied new accounting standards or interpretations for the first time in 2025[22]