2025-04-28 11:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 9,756,276,298.24, representing a 0.94% increase compared to CNY 9,664,967,167.88 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2025 was CNY 1,088,753,734.20, up 4.47% from CNY 1,042,121,391.17 year-on-year[3]. - The net profit for Q1 2025 was CNY 1,117,625,740.03, a decrease from CNY 1,173,055,990.74 in Q1 2024, representing a decline of approximately 4.7%[22]. - The total comprehensive income for Q1 2025 was CNY 1,170,885,979.97, compared to CNY 1,113,911,297.77 in Q1 2024, indicating an increase of about 5.1%[23]. - Basic earnings per share for Q1 2025 were CNY 0.612, up from CNY 0.588 in Q1 2024, reflecting a growth of 4.1%[23]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 196.45%, resulting in a negative cash flow of CNY -264,498,562.70[3]. - Cash flow from operating activities for Q1 2025 was negative at CNY -264,498,562.70, compared to a positive CNY 274,221,006.40 in Q1 2024[26]. - The cash and cash equivalents at the end of Q1 2025 stood at CNY 1,268,537,874.45, down from CNY 2,884,387,506.28 at the end of Q1 2024[34]. - The company reported a decrease in cash flow from operating activities due to increased cash outflows, leading to a negative net cash flow[33]. - The company incurred cash outflows from financing activities totaling CNY 1,459,017,507.25, significantly higher than CNY 448,799,544.86 in Q1 2024[34]. Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 47,750,683,780.58, a decrease of 1.68% from CNY 48,566,133,402.60 at the end of the previous year[4]. - Total liabilities decreased to ¥24,740,705,440.62 from ¥25,820,425,035.10, indicating a decline of approximately 4.18%[18]. - The company's total current liabilities decreased from CNY 14.73 billion to CNY 14.03 billion, a reduction of approximately 4.73%[31]. - The company's long-term borrowings decreased from CNY 2.46 billion to CNY 2.11 billion, a decline of about 14.3%[31]. Segment Performance - The coal machinery segment's revenue decreased by 3.01% to CNY 468,093.84 million, while the automotive parts segment's revenue increased by 4.86% to CNY 507,928.08 million[8]. - The net profit from the coal machinery segment fell by 14.82% to CNY 92,445.57 million, while the automotive parts segment saw a 119.98% increase in net profit to CNY 19,317.00 million[8]. - The company expects continued growth in the automotive parts segment, particularly in the new energy motor business, which contributed CNY 45,866,100 in revenue for Q1 2025[7]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 49,389[11]. - The top 10 shareholders hold a combined 19.15% of the company's shares, with 泓羿投资管理 (河南) holding 14.79%[12]. - The company plans to repurchase A-shares with a total amount not less than RMB 500 million and not exceeding RMB 600 million, at a price not exceeding RMB 17.00 per share[13]. - As of March 31, 2025, the company has repurchased a total of 39,120,130 A-shares, accounting for 2.19% of the total share capital, with an average repurchase price of RMB 15.335 per share[14]. Investment and Expenses - Research and development expenses decreased to ¥375,768,515.41 in Q1 2025 from ¥466,834,324.92 in Q1 2024, reflecting a reduction of approximately 19.5%[21]. - The company reported interest expenses of CNY 56,919,611.46 in Q1 2025, a decrease from CNY 74,704,994.01 in Q1 2024, representing a reduction of approximately 23.7%[22]. - Investment income for Q1 2025 was CNY 43,176,219.92, down from CNY 64,891,307.02 in Q1 2024, reflecting a decline of about 33.5%[22].