DETC(SH:600081)2025-04-28 09:30Financial Performance - The company's operating revenue for the first quarter was CNY 1,520,303,286.10, a decrease of 8.76% compared to CNY 1,573,016,197.71 in the same period last year[5]. - Net profit attributable to shareholders increased by 86.67% to CNY 35,878,369.92 from CNY 14,694,558.42 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 264.17% to CNY 23,781,038.27 from CNY 2,004,559.27 in the previous year[5]. - The basic earnings per share rose by 95.48% to CNY 0.0649 from CNY 0.0254 in the same period last year[5]. - The total operating revenue for Q1 2025 was approximately CNY 3.14 billion, compared to CNY 2.90 billion in Q1 2024, reflecting an increase of about 8.3%[26]. - The net profit for Q1 2025 reached CNY 59 million, up from CNY 49.69 million in Q1 2024, representing a growth of approximately 18.5%[23]. - The total comprehensive income for Q1 2025 was CNY 57.68 million, compared to CNY 50.66 million in Q1 2024, indicating an increase of approximately 13.8%[23]. - The basic and diluted earnings per share for Q1 2025 were both CNY 0.0649, compared to CNY 0.0332 in Q1 2024, marking an increase of about 95%[23]. Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -59,433,598.90, a significant decrease compared to CNY 69,945,351.97 in the previous year, reflecting a decline of 180.21%[5]. - The company reported a net cash outflow from operating activities of CNY -59.43 million in Q1 2025, compared to a positive cash flow of CNY 74.1 million in Q1 2024[27]. - The company's cash and cash equivalents were RMB 2,989,142,085.08 as of March 31, 2025, down from RMB 3,403,627,080.12 at the end of 2024, representing a decrease of about 12.2%[16]. - The cash and cash equivalents at the end of Q1 2025 were CNY 2.76 billion, compared to CNY 2.64 billion at the end of Q1 2024, reflecting an increase of approximately 4.5%[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,738,883,925.40, down 3.56% from CNY 10,098,517,204.61 at the end of the previous year[5]. - Current assets as of March 31, 2025, totaled RMB 6,317,529,165.28, down from RMB 6,700,412,176.56 as of December 31, 2024, reflecting a decrease of approximately 5.7%[16]. - Total assets decreased from RMB 10,098,517,204.61 on December 31, 2024, to RMB 9,738,883,925.40 on March 31, 2025, indicating a decline of about 3.57%[18]. - Total liabilities decreased from RMB 4,571,689,603.47 to RMB 4,149,680,946.30, a reduction of approximately 9.2%[18]. - The company's total equity increased from RMB 5,526,827,601.14 to RMB 5,589,202,979.10, an increase of approximately 1.13%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,245[11]. - The largest shareholder, Dongfeng Automotive Components (Group) Co., Ltd., holds 74.77% of the shares[12]. Investment and Acquisitions - The company acquired 84.95% of Suzhou Dongfeng Precision Engineering Co., Ltd. in March 2024, which will require retrospective adjustments to the consolidated financial statements[6]. Operating Costs and Expenses - The total operating costs for Q1 2025 were CNY 1.50 billion, down from CNY 1.65 billion in Q1 2024, a decrease of approximately 9.1%[26]. - Research and development expenses decreased to CNY 67.71 million in Q1 2025 from CNY 87.94 million in Q1 2024, a reduction of about 23%[26]. - The company incurred a financial expense of CNY -3.43 million in Q1 2025, compared to CNY -7.39 million in Q1 2024, indicating a reduction in financial costs[26]. Asset Management - Accounts receivable increased to RMB 1,771,323,051.37 from RMB 1,849,728,373.90, showing a decrease of approximately 4.23%[16]. - Inventory increased from RMB 364,051,320.38 to RMB 413,790,906.30, reflecting an increase of about 13.7%[16]. - Non-current assets totaled RMB 3,421,354,760.12 as of March 31, 2025, slightly up from RMB 3,398,105,028.05 at the end of 2024, indicating a marginal increase of about 0.68%[17]. - The company reported a decrease in employee compensation payable from RMB 165,106,422.84 to RMB 81,622,538.46, a reduction of about 50.6%[17]. Return on Equity - The weighted average return on equity increased by 0.36 percentage points to 0.78% from 0.32% in the previous year[5].