LFX(SH:600612)2025-04-28 11:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 17,521,314,390.34, a decrease of 31.64% compared to CNY 25,629,817,893.74 in the same period last year[5] - Net profit attributable to shareholders was CNY 613,046,259.08, down 23.55% from CNY 801,894,481.24 year-on-year[5] - Basic earnings per share decreased to CNY 1.1719, a decline of 23.55% compared to CNY 1.5329 in the previous year[6] - Total revenue for Q1 2025 was CNY 17.52 billion, a decrease of 31.6% compared to CNY 25.63 billion in Q1 2024[20] - Net profit for Q1 2025 was CNY 804.38 million, a decline of 23.6% from CNY 1.05 billion in Q1 2024[20] Assets and Liabilities - The company's total assets increased by 28.81% to CNY 29,280,356,584.70 from CNY 22,731,142,401.49 at the end of the previous year[6] - Total assets increased to CNY 29.28 billion in 2025 from CNY 22.73 billion in 2024, representing a growth of 28.8%[17] - Total liabilities rose to CNY 13.72 billion in 2025, up from CNY 7.98 billion in 2024, indicating a 72.5% increase[17] - Non-current assets totaled CNY 1.29 billion in 2025, compared to CNY 1.22 billion in 2024, marking a growth of 6.0%[17] Cash Flow - Cash flow from operating activities was CNY 3,548,291,665.79, a decrease of 13.06% from CNY 4,081,339,876.11 in the same period last year[5] - In Q1 2025, the net cash flow from operating activities was CNY 3,548,291,665.79, a decrease of 13.04% compared to CNY 4,081,339,876.11 in Q1 2024[23] - Total cash inflow from operating activities in Q1 2025 was CNY 18,763,161,782.61, down from CNY 27,363,963,176.12 in Q1 2024, reflecting a decline of 31.66%[23] - Cash outflow from operating activities in Q1 2025 was CNY 15,214,870,116.82, compared to CNY 23,282,623,300.01 in Q1 2024, indicating a decrease of 34.61%[23] - The net cash flow from investing activities was -CNY 64,153,096.06 in Q1 2025, an improvement from -CNY 147,053,672.65 in Q1 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,254[11] - The largest shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 42.09% of the shares, totaling 220,171,793 shares[11] Expenses and Costs - The company experienced a 32.15% decrease in operating costs, amounting to a reduction of CNY 7,550,403,175.36, in line with the decrease in operating revenue[8] - The company's sales expenses decreased by 33.48%, amounting to a reduction of ¥107,395,855.81 compared to the same period last year[9] - Research and development expenses fell by 40.28%, with a decrease of ¥3,816,212.16 attributed to reduced spending by a subsidiary[9] Other Financial Metrics - The weighted average return on equity decreased by 1.91 percentage points to 4.79% from 6.70%[6] - The company reported a net loss from non-operating income of CNY 30,611,595.13, influenced by various non-recurring items[7] - Credit impairment losses decreased by 56.76%, resulting in a reduction of ¥35,803,535.34 compared to the previous year[9] - Asset disposal income saw a significant decline of 99.13%, with a decrease of ¥4,341,158.04 due to reduced relocation income from a subsidiary[9] - The fair value change income increased by 218.25%, with an increase of ¥26,301,229.67, primarily due to gains from financial liabilities[9] Future Strategy - The company plans to focus on new product development and market expansion as part of its future strategy[20]