凌云股份(600480) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 4,338,837,882.07, representing a year-on-year increase of 0.92% compared to CNY 4,299,448,627.36 in the same period last year[5]. - Net profit attributable to shareholders of the listed company decreased by 2.91% to CNY 215,133,461.09 from CNY 221,591,978.97 in the previous year[5]. - Total revenue for Q1 2025 reached CNY 4,338,837,882.07, a slight increase of 0.9% compared to CNY 4,299,448,627.36 in Q1 2024[16]. - Operating profit for Q1 2025 was CNY 322,381,547.99, compared to CNY 311,612,202.72 in Q1 2024, indicating a growth of 3.1%[16]. - Net profit for Q1 2025 after tax was CNY 278,724,353.73, slightly up from CNY 267,379,408.57 in Q1 2024, representing an increase of 4.3%[16]. - The total comprehensive income for the first quarter of 2025 was ¥329.36 million, compared to ¥280.28 million in the first quarter of 2024, representing an increase of about 17.5%[17]. Cash Flow and Liquidity - The net cash flow from operating activities turned negative at CNY -144,702,072.41, a significant decline of 290.32% compared to CNY 76,030,956.06 in the same period last year[5][7]. - The company reported a decrease in cash received from sales of goods and services, impacting the cash flow from operating activities[7]. - Cash and cash equivalents as of March 31, 2025, totaled CNY 3,251,602,818.25, down from CNY 3,447,068,831.14 at the end of 2024, a decrease of 5.7%[12]. - The cash flow from operating activities for Q1 2025 was negative at approximately -¥144.70 million, a significant decline from a positive cash flow of ¥76.03 million in Q1 2024[20]. - The company reported a cash and cash equivalents balance of CNY 1,156,923,914.46 at the end of Q1 2025, compared to CNY 1,463,618,814.77 at the end of Q1 2024, a decrease of approximately 21%[25]. Assets and Liabilities - Total assets at the end of the reporting period increased by 1.86% to CNY 19,739,688,352.23 from CNY 19,379,206,805.15 at the end of the previous year[5]. - Total assets as of March 31, 2025, amounted to CNY 19,739,688,352.23, an increase from CNY 19,379,206,805.15 at the end of 2024, reflecting a growth of 1.9%[12]. - Total liabilities decreased to CNY 9,705,285,219.46 from CNY 9,731,046,414.72, a reduction of 0.3%[13]. - The company's total liabilities increased to CNY 3,342,691,734.08 in Q1 2025, up from CNY 2,454,761,156.74 in Q1 2024, representing a growth of approximately 36%[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,815[9]. - The largest shareholder, Northern Lingyun Industrial Group Co., Ltd., holds 31.38% of the shares, followed by China Weapon Investment Management Co., Ltd. with 8.97%[9]. - Shareholders' equity attributable to shareholders of the listed company rose by 4.28% to CNY 7,788,516,171.73 from CNY 7,469,170,623.87 at the end of the previous year[5]. - Total equity increased to CNY 5,336,995,554.67 in Q1 2025 from CNY 5,080,651,051.75 in Q1 2024, representing a growth of approximately 5%[23]. Expenses and Investments - Total operating costs for Q1 2025 were CNY 4,074,302,856.67, up from CNY 4,040,836,437.57 in Q1 2024, reflecting a year-over-year increase of 0.8%[16]. - Research and development expenses for Q1 2025 were CNY 177,333,152.64, up from CNY 164,638,461.44 in Q1 2024, indicating a rise of 7.9%[16]. - Research and development expenses in Q1 2025 were CNY 18,073,606.10, down from CNY 25,319,511.25 in Q1 2024, reflecting a reduction of about 29%[24]. - The company reported a decrease in sales expenses to CNY 1,633,113.27 in Q1 2025 from CNY 1,950,631.14 in Q1 2024, a reduction of about 16%[24]. Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect the financial reporting[26].