CRCHI(SH:688425)2025-04-28 11:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 235,641.08 million, a decrease of 1.61% compared to CNY 239,508.79 million in the same period last year[3] - Net profit attributable to shareholders was CNY 33,220.88 million, down 9.91% from CNY 36,874.85 million year-on-year[3] - Basic and diluted earnings per share were both CNY 0.06, representing a decline of 14.29% from CNY 0.07 in the previous year[3] - Operating profit for Q1 2025 was approximately ¥354.78 million, a decline of 12.0% from ¥403.26 million in Q1 2024[14] - Net profit for Q1 2025 was approximately ¥356.53 million, compared to ¥402.18 million in Q1 2024, reflecting a decrease of 11.4%[14] - The net profit for Q1 2025 was approximately ¥332.24 million, a decrease of 9.9% compared to ¥368.77 million in Q1 2024[16] - The total comprehensive income for Q1 2025 was approximately ¥333.89 million, down from ¥368.03 million in Q1 2024, reflecting a decline of 9.2%[16] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 77.56%, from CNY 19,857.06 million to CNY 4,456.45 million[3] - Operating cash flow for Q1 2025 was ¥44.56 million, significantly lower than ¥198.57 million in Q1 2024, indicating a decrease of 77.6%[19] - Cash inflow from financing activities in Q1 2025 was ¥16 million, a substantial decrease from ¥1.38 billion in Q1 2024[20] - The company reported cash outflow from investing activities of approximately ¥14.03 million in Q1 2025, compared to ¥84.31 million in Q1 2024, showing a reduction of 83.4%[20] - The company reported a net cash increase of approximately ¥47.92 million in Q1 2025, a significant decrease from ¥1.08 billion in Q1 2024[20] Assets and Liabilities - Total assets increased by 1.52% to CNY 2,711,839.53 million compared to CNY 2,671,184.51 million at the end of the previous year[4] - Total assets reached approximately ¥27.12 billion as of March 31, 2025, compared to ¥26.71 billion as of December 31, 2024, an increase of 1.5%[11] - Total liabilities amounted to approximately ¥9.21 billion as of March 31, 2025, slightly up from ¥9.13 billion as of December 31, 2024[12] - Shareholders' equity increased to approximately ¥17.91 billion as of March 31, 2025, compared to ¥17.58 billion as of December 31, 2024, reflecting a growth of 1.9%[12] Research and Development - R&D investment totaled CNY 24,578.85 million, up 3.25% from CNY 23,806.21 million, with R&D expenses accounting for 10.43% of operating revenue, an increase of 0.49 percentage points[4] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,196[6] - The largest shareholder, China Railway Construction Corporation, holds 71.93% of the shares, totaling 3,836,262,300 shares[7] Government Support - The company received government subsidies amounting to CNY 17,676,271.24, which are closely related to its normal business operations[5] Other Financial Metrics - The weighted average return on equity decreased by 0.34 percentage points to 1.87% from 2.21% in the previous year[3] - Cash and cash equivalents increased to ¥2.37 billion as of March 31, 2025, from ¥2.33 billion as of December 31, 2024[10] - Accounts receivable rose to ¥8.47 billion as of March 31, 2025, compared to ¥8.02 billion as of December 31, 2024, indicating a growth of 5.6%[10] - Inventory increased to ¥5.63 billion as of March 31, 2025, up from ¥5.33 billion as of December 31, 2024, representing a growth of 5.5%[10] - The total cash inflow from operating activities in Q1 2025 was approximately ¥2.57 billion, compared to ¥2.38 billion in Q1 2024, reflecting an increase of 7.9%[19] - The company received tax refunds of approximately ¥15.84 million in Q1 2025, compared to ¥1.19 million in Q1 2024, indicating a significant increase[19]