招商公路(001965) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,802,710,647.48, a decrease of 7.24% compared to ¥3,021,523,137.67 in the same period last year[5] - Net profit attributable to shareholders increased by 2.74% to ¥1,328,834,936.51 from ¥1,293,427,188.45 year-on-year[5] - Basic earnings per share rose by 2.94% to ¥0.1893 from ¥0.1839 in the same period last year[5] - Net profit for the current period is CNY 1,500,434,850.79, compared to CNY 1,440,540,946.35 in the previous period, reflecting an increase of approximately 4.16%[21] - Total comprehensive income amounted to CNY 1,451,160,583.06, an increase from CNY 1,390,715,134.02 in the previous period[22] Cash Flow - The net cash flow from operating activities decreased by 5.70% to ¥1,354,251,267.99 compared to ¥1,436,093,540.73 in the previous year[5] - Net cash flow from operating activities was CNY 1,354,251,267.99, slightly down from CNY 1,436,093,540.73 in the prior period[25] - Net cash flow from investing activities was negative at CNY -230,797,987.66, compared to CNY -813,578,557.79 in the prior period[25] - Cash inflow from financing activities decreased significantly to CNY 263,256,118.00 from CNY 1,296,879,174.45 in the previous period[25] - The company reported a decrease in cash received from other operating activities to CNY 349,415,482.58 from CNY 313,541,125.02[25] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥159,546,124,013.86, reflecting a slight increase of 0.24% from ¥159,169,493,582.77 at the end of the previous year[5] - Total liabilities decreased to CNY 69,323,331,456.72 from CNY 70,387,643,088.43, a reduction of about 1.51%[18] - The equity attributable to shareholders of the parent company increased to CNY 72,499,826,011.19 from CNY 71,228,591,543.44, an increase of approximately 1.79%[18] Investments and Expenditures - The company reported a significant increase of 247.94% in development expenditures, amounting to ¥33,613,261.68, primarily due to increased investment in R&D projects[9] - Research and development expenses decreased to CNY 28,644,267.78 from CNY 30,631,989.04, a decline of about 6.48%[21] - The company reported an investment income of CNY 1,177,250,030.06, up from CNY 1,125,782,673.23, representing an increase of about 4.57%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,584[12] - The largest shareholder, China Merchants Group, holds 62.19% of shares, totaling 4,241,425,880 shares[12] - The second-largest shareholder, Shudao Capital Holdings, holds 5.77% with 393,700,787 shares, of which 53,149,606 shares are pledged[12] - The company has no preferred shareholders or significant changes in preferred shareholder structure[14] - There are no significant changes in the financing or lending activities of the top shareholders[13] Other Financial Metrics - The net cash flow from investment activities showed a significant improvement, with a decrease of 71.63% to -¥230,797,987.66 compared to -¥813,578,557.79 in the same period last year[10] - The company experienced a 721.42% increase in asset disposal gains, reaching ¥1,363,000.97, compared to ¥165,931.89 in the previous year[10] - Total current assets amount to 15,026,517,452.52 CNY, slightly up from 15,003,048,735.99 CNY at the beginning of the period[16] - Long-term equity investments increased to 54,540,876,814.10 CNY from 53,280,577,991.86 CNY[16] - Cash and cash equivalents at the end of the period are 9,385,034,538.42 CNY, up from 9,249,724,836.53 CNY[16] - Inventory increased to 394,328,495.33 CNY from 338,706,278.75 CNY[16] - Other receivables total 1,046,082,966.90 CNY, up from 1,002,761,532.70 CNY[16]