SMAC(SH:600073)2025-04-28 10:10Financial Performance - The company's operating revenue for Q1 2025 was ¥6,154,272,980.02, representing an increase of 8.46% compared to ¥5,674,289,456.59 in the same period last year[4] - Net profit attributable to shareholders was ¥165,685,581.14, a significant increase of 66.82% from ¥99,320,346.69 year-on-year[4] - Basic earnings per share rose to ¥0.18, reflecting a growth of 63.64% compared to ¥0.11 in the previous year[4] - Net profit for Q1 2025 was ¥228,457,260.49, significantly higher than ¥33,038,293.29 in Q1 2024, marking a growth of 591.5%[21] - The total comprehensive income for Q1 2025 was approximately ¥233.14 million, compared to a loss of ¥172.40 million in Q1 2024, indicating a significant turnaround[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,138,521,338.79, a 1.70% increase from ¥14,885,174,768.82 at the end of the previous year[6] - The company's total assets as of March 31, 2025, amounted to ¥15,138,521,338.79, compared to ¥14,885,174,768.82 at the end of 2024, indicating a growth of 1.7%[16] - Current assets totaled ¥8,818,391,402.11 as of March 31, 2025, slightly up from ¥8,768,684,733.89 at the end of 2024, reflecting a growth of 0.6%[16] - The company's total liabilities were ¥8,191,392,121.58 as of March 31, 2025, compared to ¥8,171,185,475.02 at the end of 2024, showing a marginal increase of 0.2%[16] Cash Flow - The net cash flow from operating activities was negative at -¥429,535,008.83, compared to -¥325,708,607.68 in the same period last year[4] - Cash inflows from operating activities for Q1 2025 totaled approximately ¥5.44 billion, slightly up from ¥5.34 billion in Q1 2024, showing a growth of 2%[25] - The net cash flow from operating activities for Q1 2025 was a negative ¥429.54 million, worsening from a negative ¥325.71 million in Q1 2024[25] - Cash outflows from investing activities for Q1 2025 amounted to approximately ¥425.86 million, compared to ¥114.83 million in Q1 2024, indicating a significant increase in investment spending[26] - The net cash flow from financing activities for Q1 2025 was approximately ¥137.88 million, down from ¥212.88 million in Q1 2024, reflecting a decrease of 35%[26] - The ending cash and cash equivalents balance for Q1 2025 was approximately ¥2.80 billion, down from ¥3.34 billion in Q1 2024, indicating a decline of 16.2%[26] Shareholder Information - The company reported a total of 47,673 common shareholders at the end of the reporting period[10] - The largest shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., holds 298,386,000 shares, accounting for 31.82% of total shares[10] Investment and Income - The company attributed the increase in net profit to the performance growth of overseas subsidiaries[8] - Non-operating income for the period amounted to ¥2,147,772.03 after accounting for taxes and minority interests[7] - The company reported a significant increase in investment income to ¥20,600,751.49 in Q1 2025, compared to ¥12,183,262.10 in Q1 2024, reflecting an increase of 69.8%[21] - The company received cash from investment activities totaling approximately ¥72.48 million in Q1 2025, a significant increase from ¥4.88 million in Q1 2024[26] - The company reported a tax refund of approximately ¥10.51 million in Q1 2025, compared to ¥8.35 million in Q1 2024, showing an increase of 25.8%[25] Cost Analysis - Total operating costs for Q1 2025 were ¥5,877,291,333.75, up from ¥5,528,156,254.79 in Q1 2024, reflecting a growth of 6.3%[21] - The cash and cash equivalents decreased to ¥2,801,180,070.58 from ¥3,456,429,780.44, a decline of 19.0%[14] - The company's inventory increased to ¥2,794,932,787.42 as of March 31, 2025, up from ¥2,584,511,761.77, representing an increase of 8.1%[14] - Long-term equity investments rose to ¥433,926,660.71 from ¥423,606,790.24, a growth of 2.8%[15]