Financial Performance - The company's revenue for Q1 2025 was CNY 1,548,060,746.74, representing a year-on-year increase of 14.86% compared to CNY 1,347,824,560.78 in the same period last year[4]. - Net profit attributable to shareholders decreased by 40.62% to CNY 93,857,163.67 from CNY 158,061,649.46 in the previous year[4]. - The net profit after deducting non-recurring gains and losses fell by 51.45% to CNY 78,494,661.03, down from CNY 161,670,863.87[4]. - Basic earnings per share dropped by 51.26% to CNY 0.58 from CNY 1.19, while diluted earnings per share decreased by 52.14% to CNY 0.56 from CNY 1.17[4]. - Total operating revenue for Q1 2025 reached ¥1,548,060,746.74, an increase of 14.8% compared to ¥1,347,824,560.78 in Q1 2024[17]. - Net profit for Q1 2025 was ¥93,882,497.81, a decrease of 40.6% from ¥157,849,187.20 in Q1 2024[18]. - Total operating costs for Q1 2025 were ¥1,446,951,622.63, up 25.1% from ¥1,156,770,326.71 in Q1 2024[17]. - Basic earnings per share for Q1 2025 were ¥0.58, down from ¥1.19 in Q1 2024[18]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant negative change, with a net outflow of CNY 782,057,353.93 compared to a net outflow of CNY 46,432,516.25 in the same period last year[4]. - The net cash flow from operating activities was -782,057,353.93, compared to -46,432,516.25 in the previous period, indicating a significant decline in operational cash generation[20]. - Total cash inflow from operating activities amounted to 1,338,461,013.67, up from 998,259,601.13, reflecting a growth of approximately 34%[20]. - Cash outflow from operating activities increased to 2,120,518,367.60 from 1,044,692,117.38, representing a rise of about 103%[20]. - The ending cash and cash equivalents balance was 2,430,428,876.26, down from 2,473,656,186.57, indicating a decrease of approximately 1.7%[21]. - The company received 68,381,766.69 in cash related to operating activities, down from 80,648,758.57, reflecting a decline of about 15%[20]. - The company paid 1,857,971,644.01 for goods and services, significantly higher than 846,930,455.11 in the previous period, marking an increase of approximately 119%[20]. - The company reported a cash outflow of 110,573,851.42 for other operating activities, compared to 47,388,199.11 previously, indicating an increase of about 133%[20]. Assets and Liabilities - Total assets increased by 3.59% to CNY 11,365,283,202.79 from CNY 10,971,504,698.05 at the end of the previous year[5]. - Total current assets amounted to ¥10,071,264,679.11, up from ¥9,673,116,504.45, reflecting a growth of approximately 4.11%[14]. - Total liabilities decreased to ¥7,343,243,647.29 in Q1 2025 from ¥7,824,458,227.57 in Q1 2024[15]. - Total equity increased to ¥4,022,039,555.50 in Q1 2025 from ¥3,147,046,470.48 in Q1 2024[15]. - Short-term borrowings increased to ¥1,002,973,627.44 from ¥982,778,281.92, a growth of approximately 2.45%[14]. - Accounts payable decreased to ¥2,212,918,986.41 from ¥2,332,841,335.81, a decline of about 5.14%[14]. - Contract liabilities increased to ¥643,061,983.59 from ¥544,796,396.41, reflecting a growth of approximately 17.97%[14]. Research and Development - R&D investment totaled CNY 69,191,972.86, an increase of 44.84% from CNY 47,772,263.45, representing 4.47% of total revenue, up from 3.54%[5]. - Research and development expenses for Q1 2025 were ¥69,191,972.86, up 44.8% from ¥47,772,263.45 in Q1 2024[17]. Strategic Focus - The company is focusing on technological innovation and cost reduction to maintain competitiveness and profitability[8]. - The company plans to continue expanding its market presence and investing in new technologies[16]. - The company is actively involved in strategic partnerships and investments, as indicated by the presence of various investment firms among the top shareholders[11]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,713[10]. - The company has a significant shareholder, Zhang Jianhui, holding 20.31% of shares[10]. Profitability Metrics - The weighted average return on net assets decreased by 3.86 percentage points to 2.53% from 6.39%[5]. - The overall gross profit margin decreased by approximately 6.12 percentage points compared to the same period last year, impacting net profit[8].
海博思创(688411) - 2025 Q1 - 季度财报