东航物流(601156) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,485,974,145.54, representing a 5.02% increase compared to CNY 5,223,948,184.70 in the same period last year[4]. - Net profit attributable to shareholders decreased by 7.40% to CNY 545,288,715.35 from CNY 588,881,387.28 year-on-year[4]. - The company's operating profit for Q1 2025 was 822,651,145.69, an increase from 716,987,840.22 in Q1 2024, representing a growth of approximately 14.7%[17]. - Net profit for Q1 2025 was 616,766,879.53, compared to 666,687,630.17 in Q1 2024, indicating a decrease of about 7.5%[17]. - The total comprehensive income for Q1 2025 was 616,789,964.05, down from 666,864,273.97 in Q1 2024, a decline of about 7.5%[18]. - Basic and diluted earnings per share for Q1 2025 were both 0.34, compared to 0.37 in Q1 2024, showing a decrease of approximately 8.1%[18]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 823,225,905.67, compared to a negative cash flow of CNY -111,313,462.10 in the previous year[4]. - Cash flow from operating activities for Q1 2025 was 823,225,905.67, a significant improvement from -111,313,462.10 in Q1 2024[21]. - Cash and cash equivalents at the end of Q1 2025 totaled 7,102,207,276.49, compared to 8,825,126,101.73 at the end of Q1 2024, a decrease of about 19.5%[23]. - Current assets as of March 31, 2025, totaled ¥10,430,356,134.99, compared to ¥9,755,369,222.35 on December 31, 2024, indicating a growth of 6.92%[12]. - Total assets increased by 2.55% to CNY 26,941,182,321.56 from CNY 26,271,181,851.05 at the end of the previous year[5]. - Total assets amounted to ¥26,941,182,321.56 as of March 31, 2025, compared to ¥26,271,181,851.05 at the end of 2024, showing an increase of 2.55%[13]. - The company reported total liabilities at ¥6,938,831,928.93 as of March 31, 2025, slightly up from ¥6,885,621,422.47 at the end of 2024, reflecting a marginal increase of 0.77%[14]. - The company's equity attributable to shareholders reached ¥18,056,099,570.17 as of March 31, 2025, compared to ¥17,510,787,770.30 at the end of 2024, marking an increase of 3.11%[14]. Revenue Breakdown - The revenue from the air express segment was CNY 206,155.46 million, accounting for 37.60% of total revenue, with a year-on-year growth of 2.87%[4]. - The comprehensive logistics solutions segment generated CNY 280,303.64 million, representing 51.12% of total revenue, with a year-on-year increase of 6.72%[4]. - Total operating revenue for Q1 2025 reached ¥5,485,974,145.54, an increase of 5.03% compared to ¥5,223,948,184.70 in Q1 2024[16]. - Total operating costs for Q1 2025 were ¥4,723,970,506.57, up from ¥4,617,710,591.18 in Q1 2024, reflecting a year-over-year increase of 2.29%[16]. - The company reported a decrease in sales revenue from 5,107,465,941.10 in Q1 2024 to 4,941,658,814.51 in Q1 2025, a decline of approximately 3.2%[21]. - The total operating expenses for Q1 2025 were 4,527,021,250.17, compared to 4,396,602,525.82 in Q1 2024, reflecting an increase of about 3%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,656, with the largest shareholder being China Eastern Airlines Group Co., Ltd., holding 40.50% of the shares[8]. Operational Efficiency and Future Outlook - The gross profit margin for the overall business improved to 17.47%, up from 15.81% in the previous year, indicating a 1.66 percentage point increase[4]. - The company reported non-recurring gains of CNY 45,505,895.99 after tax, primarily from asset disposals and government subsidies[6]. - The company is focusing on expanding its market presence and enhancing its product offerings in the logistics sector[16]. - Future outlook includes potential investments in new technologies to improve operational efficiency and customer service[16]. - Research and development expenses increased to 16,927,089.07 in Q1 2025 from 11,218,696.27 in Q1 2024, reflecting a growth of approximately 50.5%[17]. - The weighted average return on equity decreased to 3.07%, down by 0.67 percentage points from 3.74% in the previous year[4]. - The company incurred financial expenses of 24,599,353.47 in Q1 2025, a decrease from 65,358,702.32 in Q1 2024, indicating a reduction of approximately 62.4%[17].