东方嘉盛(002889) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥889,865,785.25, representing an increase of 8.64% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 14.49% to ¥43,391,208.45, while the net profit after deducting non-recurring gains and losses fell by 3.82% to ¥40,790,178.60[5]. - Net profit for the current period was ¥39,252,914.76, down 24.8% from ¥52,200,682.73 in the previous period[19]. - Earnings per share (EPS) for the current period was ¥0.16, compared to ¥0.19 in the previous period[19]. - The company's weighted average return on equity decreased to 1.80%, down from 2.27% in the previous year[5]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥45,811,710.62, a remarkable increase of 1,328.80% compared to the previous year[5]. - Operating cash flow for the current period is ¥45,811,710.62, a significant improvement from a negative cash flow of ¥3,728,159.30 in the previous period[20]. - Total cash inflow from operating activities is ¥7,680,829,142.87, compared to ¥7,837,460,598.11 in the previous period, indicating a decrease of approximately 2.0%[20]. - Cash outflow from operating activities is ¥7,635,017,432.25, down from ¥7,841,188,757.41, reflecting a decrease of about 2.6%[20]. - The ending balance of cash and cash equivalents is ¥844,553,029.78, an increase from ¥685,190,228.12 in the previous period[21]. - The company’s cash inflow from interest, fees, and commissions decreased to ¥1,294,479.00 from ¥1,465,001.29, a decline of approximately 11.6%[20]. - The company’s cash received from other operating activities is ¥6,570,365,954.08, slightly down from ¥6,660,317,783.15, reflecting a decrease of about 1.4%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,576,329,083.05, down 4.00% from the end of the previous year[5]. - Total assets amounted to ¥4,576,329,083.05, a decrease from ¥4,767,062,036.48 in the previous period[18]. - Total liabilities decreased to ¥2,052,950,980.22 from ¥2,286,594,068.71 in the previous period[18]. - The company reported a decrease in long-term liabilities, specifically lease liabilities, from ¥11,226,692.43 to ¥7,567,087.62[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,686, with the largest shareholder holding 44.54% of the shares[11]. - The company has completed the transfer of 954,500 shares to the employee stock ownership plan, representing 0.35% of the total share capital, at a price of CNY 12.66 per share[14]. - The company received a total of CNY 12,083,970.00 from participants in the employee stock ownership plan as of April 1, 2025[13]. - The company is in the process of expanding its employee stock ownership plan, which was approved in recent board meetings[13]. Research and Development - The company's R&D expenses increased by 30.59% to ¥2,745,275.45, indicating a focus on innovation and development[9]. - Research and development expenses increased to ¥2,745,275.45 from ¥2,102,257.02, reflecting a focus on innovation[19]. Investment and Income - The company experienced a 76.73% decline in investment income, amounting to ¥846,743.60, primarily due to dividends from other non-current financial assets[9]. - The company reported a significant increase in credit impairment losses, which rose by 2,616.85% to ¥1,626,138.21, reflecting changes in credit risk assessments[9]. - The company’s long-term equity investments increased from CNY 64,825,024.29 to CNY 65,671,767.88, a rise of about 1.3%[16]. Inventory and Receivables - Accounts receivable increased from CNY 967,638,563.39 to CNY 1,122,563,153.31, representing a growth of about 16%[16]. - Total current assets decreased from CNY 3,633,147,378.68 to CNY 3,415,489,572.91, a reduction of approximately 6%[16]. - Inventory increased from CNY 37,849,182.84 to CNY 41,798,060.24, reflecting a growth of approximately 10.5%[16]. - The company reported a decrease in other receivables from CNY 777,417,871.15 to CNY 748,383,885.33, a decline of about 3.7%[16]. - The company's fixed assets slightly decreased from CNY 379,731,134.07 to CNY 378,346,471.41, a reduction of about 0.4%[16].