GZP(601228)2025-04-28 09:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,416,884,322.79, representing a 5.53% increase compared to CNY 3,237,749,999.69 in the same period last year[5] - Net profit attributable to shareholders decreased by 17.55% to CNY 262,095,520.49 from CNY 317,886,674.67 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 32.86% to CNY 207,871,471.73 compared to CNY 309,590,648.26 in the previous year[5] - The net profit for Q1 2025 was CNY 316,481,116.11, a decrease of 14.06% compared to CNY 368,271,588.21 in Q1 2024[21] - Operating profit for Q1 2025 was CNY 399,366,320.39, down from CNY 480,535,104.74 in the same period last year, reflecting a decline of 16.88%[21] - The company reported a total comprehensive income of CNY 320,592,283.93 for Q1 2025, down from CNY 356,213,597.38 in Q1 2024, a decrease of 10.02%[22] Cash Flow and Liquidity - The net cash flow from operating activities increased by 6.41% to CNY 859,353,991.13 from CNY 807,613,076.51 year-on-year[5] - The net cash flow from operating activities for Q1 2025 was CNY 859,353,991.13, compared to CNY 807,613,076.51 in Q1 2024, indicating a growth of 6.42%[26] - The company incurred a net cash outflow from investing activities of CNY 941,153,248.49 in Q1 2025, compared to CNY 1,114,812,600.43 in Q1 2024, showing an improvement of 15.5%[26] - Cash and cash equivalents as of March 31, 2025, were CNY 5,835,731,435.40, down from CNY 6,118,257,010.75 as of December 31, 2024, a decrease of 4.6%[14] - The cash and cash equivalents at the end of Q1 2025 were CNY 5,802,207,287.96, down from CNY 6,982,352,825.19 at the end of Q1 2024, a decrease of 16.88%[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 51,492,262,993.62, a decrease of 1.46% from CNY 52,256,339,923.76 at the end of the previous year[6] - Total assets as of March 31, 2025, were CNY 51,492,262,993.62, a slight decrease from CNY 52,256,339,923.76 as of December 31, 2024[18] - Total liabilities as of March 31, 2025, were CNY 26,613,002,345.63, down from CNY 27,718,230,693.22 as of December 31, 2024, reflecting a decrease of 4.0%[18] - The company's total equity as of March 31, 2025, was CNY 24,879,260,647.99, compared to CNY 24,538,109,230.54 as of December 31, 2024, an increase of 1.4%[18] - Short-term borrowings decreased to CNY 2,401,739,663.22 as of March 31, 2025, from CNY 2,926,262,090.18 as of December 31, 2024, a reduction of 17.9%[17] Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 3,186,919,273.62, up from CNY 2,849,073,405.77 in Q1 2024, reflecting a year-over-year increase of 11.8%[20] - Operating costs included CNY 2,705,668,644.59 in cost of goods sold for Q1 2025, compared to CNY 2,408,220,556.69 in Q1 2024, marking an increase of 12.3%[20] - Research and development expenses for Q1 2025 amounted to CNY 7,003,182.07, compared to CNY 6,031,546.91 in Q1 2024, indicating a growth of 16.1%[20] - The total operating expenses for Q1 2025 were CNY 3,034,523,757.82, an increase from CNY 2,904,929,295.38 in Q1 2024, representing an increase of 4.46%[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 67,664[10] - The largest shareholder, Guangzhou Port Group Co., Ltd., holds 75.59% of the shares, with 1,200,000,000 shares pledged[10] Earnings and Profitability - Basic and diluted earnings per share decreased by 16.67% to CNY 0.035 from CNY 0.042 in the same period last year[6] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.035, compared to CNY 0.042 in Q1 2024, reflecting a decline of 16.67%[22] - The company reported a net profit margin improvement, with net profit for Q1 2025 expected to reflect the operational efficiencies gained despite rising costs[20] - Non-recurring gains and losses totaled CNY 54,224,048.76, primarily due to government subsidies and asset disposals[7] - The company reported a tax expense of CNY 86,257,044.69 for Q1 2025, down from CNY 112,762,471.38 in Q1 2024, a decrease of 23.5%[21]