航天动力(600343) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥158,225,121.75, a decrease of 1.05% compared to ¥159,898,143.01 in the same period last year[4] - The net profit attributable to shareholders was -¥26,173,674.31, compared to -¥22,874,289.18 in the previous year, indicating a worsening performance[4] - Net profit for Q1 2025 was a loss of ¥28,351,768.86, compared to a loss of ¥23,301,586.66 in Q1 2024, representing a decline of 21.5%[16] - The total comprehensive loss for Q1 2025 was ¥28,351,768.86, compared to a loss of ¥23,301,586.66 in Q1 2024[16] - The weighted average return on equity was -1.8043%, compared to -1.3993% in the previous year, indicating a decline in profitability[5] Cash Flow - The net cash flow from operating activities was -¥91,084,330.34, an improvement from -¥106,789,207.58 year-on-year[4] - Operating cash flow for Q1 2025 was negative at ¥91,084,330.34, an improvement from a negative cash flow of ¥106,789,207.58 in Q1 2024[17] - The net cash inflow from investment activities amounted to $15,031,000[18] - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $12,857,376.30[18] - The net cash flow from financing activities was -$2,521,083.64, indicating a decrease in cash from financing[18] - The total cash and cash equivalents at the end of the period were $133,274,677.24, down from $239,737,467.52 at the beginning[18] - The company experienced a decrease in cash and cash equivalents of $106,462,790.28 during the reporting period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,899,024,972.01, down 3.17% from ¥2,993,796,789.84 at the end of the previous year[5] - Current assets total CNY 1,539,686,091.17, down from CNY 1,634,555,253.15 in the previous period[13] - Total liabilities are reported at CNY 1,433,980,161.93, a decrease from CNY 1,501,854,892.64[14] - The company's total assets as of March 31, 2025, amount to CNY 2,899,024,972.01, a decrease from CNY 2,993,796,789.84 at the end of 2024[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 58,585[11] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 183,663,392 shares, accounting for 28.78% of total shares[11] Research and Development - The company reported a significant increase in development expenditures by 52.20%, reflecting increased investment in R&D[8] - Research and development expenses rose to ¥8,967,656.78 in Q1 2025, an increase of 22.73% from ¥7,305,010.86 in Q1 2024[15] Income and Expenses - Total operating costs increased to ¥191,563,398.98 in Q1 2025, up 3.76% from ¥185,311,588.80 in Q1 2024[15] - The company experienced a 126.68% increase in other income, primarily due to increased VAT refunds[8] - The company reported a significant increase in non-operating income by 165.98%, mainly from the write-off of unpayable payables[8] - The company recorded an investment loss of ¥634,821.27 in Q1 2025, an improvement from a loss of ¥877,701.95 in Q1 2024[16] - The company received $69,500,000 in cash from borrowings during the financing activities[18] - Cash paid for debt repayment was $70,000,000, reflecting a significant outflow[18] Other Information - The company has a cash balance of CNY 152,006,638.57, down from CNY 257,660,960.69[12] - Accounts receivable decreased to CNY 594,900,935.88 from CNY 637,078,201.37[12] - The company has no significant changes in major shareholders participating in margin trading or securities lending[12] - The company will not apply new accounting standards starting from 2025[18]