Financial Performance - Net profit attributable to shareholders for Q1 2025 was CNY 32,542,693.79, down 10.08% year-on-year[12]. - Operating revenue for Q1 2025 was CNY 172,569,575.11, a decrease of 10.77% compared to the same period last year[12]. - The gross profit margin for the main engine segment was 31.58%, a decrease of 2.48 percentage points compared to the previous year[17]. - The weighted average return on net assets based on net profit attributable to shareholders was 4.17%, down from 5.23% in the previous year[14]. - Basic earnings per share for Q1 2025 is CNY 0.36, down from CNY 0.41 in Q1 2024, indicating a decrease of approximately 12.2%[53]. - Total operating revenue for Q1 2025 is CNY 173,944,163.40, a decline from CNY 193,397,297.02 in Q1 2024, representing a decrease of about 10.0%[55]. - Net profit for Q1 2025 is CNY 33,343,877.71, compared to CNY 36,247,490.19 in Q1 2024, reflecting a decrease of approximately 8.3%[55]. Cash Flow - The net cash flow from operating activities increased significantly to CNY 30,741,848.87, up 1,739.57% year-on-year[12]. - Cash flow from operating activities saw a dramatic increase of 1,739.57% to CNY 30,741,848.87, primarily due to reduced cash payments for goods and services[22]. - The company experienced a net cash decrease of CNY 33,706,748.52 in Q1 2025, compared to a decrease of CNY 49,632,890.27 in Q1 2024, showing an improvement in cash flow management[58]. - Cash inflow from investment activities totaled $140,495,461.65, compared to $60,000.00 in the previous period[61]. - Cash outflow from financing activities amounted to $63,077.11, compared to $47,028,407.40 in the previous period[61]. Assets and Liabilities - Total assets as of March 31, 2025, were CNY 1,083,583,286.41, a decrease of 2.10% compared to the end of the previous year[10]. - The company's total liabilities to assets ratio decreased to 26.44% for the consolidated entity, down from 30.96% at the end of the previous year[10]. - Total liabilities were CNY 286,482,587.66 as of March 31, 2025, down from CNY 342,619,398.53 at the end of 2024, a reduction of about 16.4%[47]. - The company's equity attributable to shareholders increased to CNY 797,100,698.75 from CNY 764,159,929.28, reflecting an increase of approximately 4.3%[47]. - Current assets totaled CNY 957,695,644.12 as of March 31, 2025, compared to CNY 976,729,430.30 at the end of 2024, reflecting a decline of approximately 1.4%[45]. Shareholder Information - The total number of ordinary shares at the end of the period was 90,008,718, with 5,813 shareholders[30]. - The largest shareholder, Hunan Wuxin Investment Co., Ltd., holds 35.12% of the shares, totaling 31,612,223 shares[32]. - The total shares held by the top ten shareholders amount to 45,790,551, representing 50.89% of the total shares[33]. - The 2024 employee stock ownership plan has completed a non-trading transfer of 1,915,353 shares, accounting for 2.13% of the total share capital[39]. Expenses and Income - Management expenses rose by 39.51% to ¥6,577,875.93, attributed to costs related to a major asset restructuring[22]. - Financial expenses surged by 126.13% to ¥50,579.31, driven by increased discount expenses[22]. - Other income increased by 37.14% to ¥1,818,553.60, reflecting higher government subsidies received[22]. - Investment income doubled to ¥312,215.26, resulting from the redemption of previously purchased financial products[22]. Investments and Acquisitions - The company plans to acquire 100% equity of Hunan Zhongtie Wuxin Heavy Industry Co., Ltd. and Huaihua Xingzhong Technology Co., Ltd. through a combination of issuing shares and cash payment[42]. - Cash flow from investment activities included $200,000,000.00 for asset acquisitions[61]. Legal and Compliance - There are ongoing litigation and arbitration matters, but they do not significantly impact the company's operations[37]. - The company has not engaged in external guarantees or loans during the reporting period[36]. - There are no new commitments or overdue commitments reported during the period[40].
五新隧装(835174) - 2025 Q1 - 季度财报