中航沈飞(600760) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,833,686,188.53, a decrease of 38.55% compared to CNY 9,493,083,937.56 in the same period last year[5] - The net profit attributable to shareholders was CNY 430,567,219.42, down 39.87% from CNY 716,118,940.49 year-on-year[5] - The basic earnings per share decreased by 38.46% to CNY 0.16 from CNY 0.26 in the previous year[5] - The company reported a total profit of ¥518,724,409.98 for Q1 2025, down from ¥834,624,472.91 in Q1 2024[21] - Net profit for Q1 2025 was ¥430,809,640.78, a decline of 39.6% from ¥714,287,677.14 in Q1 2024[21] - The total comprehensive income for Q1 2025 was CNY -10,042,585.25, an improvement from CNY -13,547,498.97 in Q1 2024, reflecting a reduction in losses[31] Cash Flow - The cash flow from operating activities showed a significant improvement, with a net inflow of CNY 453,522,462.04 compared to a net outflow of CNY 7,274,639,590.94 in the same period last year[5] - Cash inflow from operating activities for Q1 2025 reached ¥11,525,913,970.64, a significant increase from ¥1,435,331,078.27 in Q1 2024, representing a growth of approximately 704%[23] - Cash flow from operating activities in Q1 2025 was CNY -897,762.32, down from CNY 2,679,874.28 in Q1 2024, indicating a decline in cash generation from operations[34] - Cash flow from investing activities showed a net inflow of CNY 271,632,000.00 in Q1 2025, compared to a net outflow of CNY -78,155,750.00 in Q1 2024, highlighting a positive shift in investment cash flow[34] Assets and Liabilities - The total assets at the end of the reporting period were CNY 56,993,450,410.73, a decrease of 7.46% from CNY 61,589,834,322.62 at the end of the previous year[6] - Total current assets decreased from 50,021,098,491.91 RMB to 45,492,971,949.02 RMB, a decline of approximately 10.6%[15] - Total liabilities decreased from 61,589,834,322.62 RMB to 56,993,450,410.73 RMB, a reduction of about 7.5%[16] - The total liabilities as of March 31, 2025, were ¥252,435,655.71, down from ¥641,050,059.62 at the end of 2024[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 143,483[11] - The largest shareholder, China Aviation Industry Group, holds 1,814,336,215 shares, accounting for 65.84% of total shares[11] Research and Development - The company's R&D expenses decreased by 89.98% to CNY 9,645,770.00 compared to the same period last year, primarily due to reduced capitalized R&D investments[9] - Research and development expenses for Q1 2025 were ¥10,741,660.31, significantly lower than ¥107,199,351.17 in Q1 2024[20] Operational Efficiency - The weighted average return on equity was 2.49%, down 2.14 percentage points from 4.63% in the previous year[6] - The company incurred financial expenses of CNY -3,220,003.45 in Q1 2025, a decrease from CNY -3,935,754.62 in Q1 2024, showing improved cost management[29] - The company’s management expenses decreased to CNY 245,966.23 in Q1 2025 from CNY 286,337.86 in Q1 2024, indicating improved operational efficiency[29] Other Financial Metrics - Other comprehensive income for Q1 2025 was -¥11,751,591.89, compared to -¥14,235,668.23 in Q1 2024[21] - The company’s tax expenses for Q1 2025 were CNY 1,136,712.78, compared to CNY 975,177.05 in Q1 2024, reflecting an increase in tax obligations[29]