Shandong Daye (SH:603278)2025-04-28 12:50Financial Performance - The company's operating revenue for Q1 2025 was ¥1,210,133,754.06, a decrease of 2.33% compared to ¥1,238,969,008.81 in the same period last year[4] - The net profit attributable to shareholders was ¥4,928,698.41, down 29.81% from ¥7,022,010.82 year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥3,958,922.64, a decline of 215.94% compared to ¥3,414,679.18 in the previous year[4] - Basic and diluted earnings per share were both ¥0.01, a decrease of 50.00% from ¥0.02 year-on-year[4] - Net profit for Q1 2025 was CNY 2,426,357.45, a decline of 53.2% from CNY 5,181,632.50 in Q1 2024[22] Cash Flow - The net cash flow from operating activities was ¥83,980,510.19, a significant improvement from -¥225,263,996.87 in the same period last year[4] - Operating cash flow for Q1 2025 was CNY 83,980,510.19, compared to a negative cash flow of CNY -225,263,996.87 in Q1 2024[25] - Net cash flow from investing activities was -198,152,671.10, compared to -60,911,164.53 in the previous period[26] - Total cash inflow from financing activities was 1,464,033,402.06, up from 1,154,527,873.33 year-over-year[26] - Net cash flow from financing activities was 51,432,291.20, a decrease from 270,322,669.87 in the prior period[26] - Cash and cash equivalents at the end of the period totaled 124,859,800.58, compared to 90,247,754.05 at the end of the previous period[26] - The company experienced a net decrease in cash and cash equivalents of -58,938,764.11, compared to -13,501,465.06 previously[26] - Cash outflow from investing activities totaled 198,368,304.70, compared to 61,372,590.48 in the prior period[26] - Cash inflow from borrowings was 1,016,190,068.73, slightly down from 1,100,327,873.33 year-over-year[26] - Cash outflow for debt repayment was 457,200,000.00, compared to 503,540,770.79 in the previous period[26] - The impact of exchange rate changes on cash and cash equivalents was 3,801,105.60, up from 2,351,026.47[26] Assets and Liabilities - Total assets increased by 2.09% to ¥7,860,956,491.57 from ¥7,699,799,836.44 at the end of the previous year[5] - Current assets totaled CNY 4,049,381,632.38, slightly up from CNY 4,006,833,703.68, indicating a growth of about 1.06%[15] - Cash and cash equivalents rose to CNY 1,248,022,549.48 from CNY 1,170,628,374.88, marking an increase of approximately 6.61%[15] - Accounts receivable increased to CNY 1,392,207,284.97 from CNY 1,325,812,672.95, representing a growth of about 5.02%[15] - Inventory decreased to CNY 687,939,876.35 from CNY 750,467,820.42, showing a decline of approximately 8.34%[15] - Total liabilities rose to CNY 4,449,093,751.58 from CNY 3,974,744,176.94, reflecting an increase of about 11.93%[16] - Short-term borrowings increased to CNY 2,019,246,247.88 from CNY 1,685,325,275.16, indicating a rise of approximately 19.83%[16] - Non-current assets totaled CNY 3,811,574,859.19, up from CNY 3,692,966,132.76, representing an increase of about 3.21%[16] - The company reported a significant increase in long-term borrowings to CNY 726,449,581.18 from CNY 679,358,246.25, which is an increase of approximately 6.93%[16] - Total liabilities increased to CNY 5,861,437,332.14 in 2025 from CNY 5,272,112,143.45 in 2024, reflecting a growth of 11.1%[18] - Total equity attributable to shareholders decreased to CNY 1,999,519,159.43 in 2025 from CNY 2,101,690,426.07 in 2024, a decline of 4.9%[18] Research and Development - The company experienced a 35.66% reduction in R&D expenses, indicating a decrease in investment in new product development[7] - The company reported a decrease in research and development expenses to CNY 11,172,925.24 in Q1 2025 from CNY 17,366,063.82 in Q1 2024, a reduction of 35.6%[21] Non-Recurring Gains - Non-recurring gains totaled ¥8,887,621.07, primarily due to government subsidies and debt restructuring gains[6] Shareholder Information - The company has no significant changes in the top 10 shareholders or their shareholding status, maintaining stability in ownership structure[12] Other Income - The company recorded a significant increase in other income to CNY 19,377,363.69 in Q1 2025 from CNY 29,473,900.82 in Q1 2024, a decrease of 34.2%[21] Accounting Standards - The company will not apply new accounting standards starting from 2025[26]