Shanghai Huayi (SH:600623)2025-04-28 11:00Financial Performance - The company's operating revenue for Q1 2025 was ¥10,347,089,666.31, a decrease of 2.28% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥142,221,161.71, reflecting a decline of 1.29% year-over-year[4]. - The net profit after deducting non-recurring gains and losses increased by 17.67% to ¥131,493,997.39 compared to the previous year[4]. - The company reported a net profit margin of 5.5% for Q1 2025, down from 6.0% in Q1 2024[18]. - Net profit for the period was ¥131,640,291.75, down from ¥228,930,909.52, representing a decline of about 42.5%[19]. - For Q1 2025, the company reported a net loss of ¥47,910,842.00, compared to a net loss of ¥31,227,983.26 in Q1 2024, reflecting a worsening financial performance[30]. - The company reported a basic and diluted earnings per share of -¥0.02 for Q1 2025, compared to -¥0.01 for Q1 2024, indicating a decline in profitability per share[31]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥-2,223,089,617.66, indicating a worsening cash flow situation[4]. - The company reported a net cash outflow from operating activities of ¥2,223,089,617.66, compared to an outflow of ¥1,867,830,971.40 in the previous period[23]. - Operating cash flow for Q1 2025 was negative at -¥31,958,622.79, a significant decline from a positive cash flow of ¥208,518,445.60 in Q1 2024[33]. - Cash and cash equivalents decreased to CNY 13,379,707,294.64 as of March 31, 2025, from CNY 15,828,671,608.62 at the end of 2024, a reduction of 15.45%[13]. - The company’s cash and cash equivalents at the end of the period were ¥12,261,568,862.95, down from ¥12,568,572,005.99[24]. - The company's cash and cash equivalents decreased to ¥132,067,177.89 from ¥167,061,320.63, indicating a reduction in liquidity[26]. - Cash inflow from financing activities totaled $545,000,000.00, with a net cash flow of $9,126,126.92, contrasting with a net outflow of -$422,799,997.23 last period[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥63,658,206,560.24, down 1.87% from the end of the previous year[4]. - Total assets decreased to CNY 63,658,206,560.24 as of March 31, 2025, from CNY 64,871,834,557.51 at the end of 2024, a decline of 1.87%[14]. - Total liabilities decreased to CNY 35,571,119,347.38 as of March 31, 2025, from CNY 36,955,445,119.05 at the end of 2024, a decrease of 3.74%[15]. - The company's total liabilities increased to ¥3,548,703,954.13 from ¥3,537,111,116.25, indicating a rise in financial obligations[28]. - The total equity decreased to ¥19,927,035,569.09 from ¥19,974,946,411.09, reflecting a decline in shareholder value[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 60,879[9]. - The largest shareholder, Shanghai Huayi Holding Group Co., Ltd., holds 37.39% of the shares[9]. - Shareholders' equity attributable to the parent company increased by 0.73% to ¥22,795,858,023.98[4]. - The company’s total equity increased to CNY 28,087,087,212.86 as of March 31, 2025, from CNY 27,916,389,438.46 at the end of 2024, an increase of 0.61%[15]. Operational Highlights - The company recognized non-recurring gains of ¥10,727,164.32 during the reporting period, primarily from government subsidies and asset disposals[8]. - The company completed the acquisition of 60% equity in a subsidiary, leading to retrospective adjustments in the previous year's financial statements[5]. - The company plans to focus on expanding its market presence and investing in new technologies in the upcoming quarters[12]. - Total operating costs decreased from ¥10,495,711,571.58 to ¥10,320,598,027.65, a reduction of approximately 1.67%[19]. - Management expenses decreased to ¥26,595,867.32 in Q1 2025 from ¥29,657,080.05 in Q1 2024, showing efforts to control costs[30]. - Financial expenses surged to ¥13,742,028.00 in Q1 2025, up from ¥5,154,399.74 in Q1 2024, primarily due to increased interest expenses[30]. Comprehensive Income - Other comprehensive income after tax amounted to ¥29,059,551.42, compared to a loss of ¥37,019,527.14 in the previous period[20]. - The total comprehensive income for the period was ¥160,699,843.17, down from ¥191,911,382.38, a decline of about 16.2%[20].