THTF(SH:600100)2025-04-28 15:50Financial Performance - The company's operating revenue for Q1 2025 was ¥2,019,043,512.87, a decrease of 31.20% compared to ¥2,934,505,223.48 in the same period last year[4] - The net profit attributable to shareholders was -¥287,604,927.98, compared to -¥159,070,393.55 in the previous year, indicating a worsening performance[4] - The basic and diluted earnings per share were both -¥0.09, reflecting a decline from -¥0.05 in the previous year[4] - The net profit for Q1 2025 was a loss of CNY 84.83 million, compared to a profit of CNY 130.68 million in Q1 2024, indicating a significant decline[32] - The total comprehensive income for Q1 2025 was CNY -334.86 million, compared to CNY 439.30 million in Q1 2024, reflecting a substantial decrease[33] - The net loss for Q1 2025 was CNY 331,864,322.19, compared to a net loss of CNY 224,733,795.71 in Q1 2024[22] - Operating profit for Q1 2025 was CNY -345,851,624.00, worsening from CNY -159,006,176.75 in Q1 2024[21] - Comprehensive loss for Q1 2025 totaled CNY -600,892,924.94, compared to a comprehensive income of CNY 209,537,205.52 in Q1 2024[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥865,708,436.58, an improvement from -¥1,337,989,869.20 year-on-year[4] - In Q1 2025, the cash inflow from operating activities was CNY 3,074,937,588.66, a decrease of 22% compared to CNY 3,944,668,640.85 in Q1 2024[25] - The company's cash flow from operating activities for Q1 2025 was CNY -60.92 million, an improvement from CNY -84.55 million in Q1 2024[36] - The cash inflow from investment activities was CNY 614,080,996.63, down from CNY 1,347,399,757.42 in Q1 2024, resulting in a net cash flow of CNY 490,380,077.96[26] - The cash inflow from financing activities totaled CNY 1,414,898,602.99, significantly lower than CNY 5,543,425,868.49 in Q1 2024, leading to a net cash flow of -CNY 509,849,218.32[26] - The company's cash and cash equivalents at the end of Q1 2025 were CNY 5,165,475,479.33, slightly up from CNY 5,137,166,370.88 in Q1 2024[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥49,977,763,470.14, down 2.89% from ¥51,467,018,507.84 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to approximately 24.72 billion RMB, a decrease from 25.93 billion RMB at the end of 2024[16] - The total liabilities decreased to CNY 28,884,127,838.28 from CNY 29,828,021,271.20[18] - The total assets as of March 31, 2025, were CNY 32,926,175,685.39, a decrease from CNY 34,725,280,296.23 at the end of 2024[29] - The total liabilities decreased to CNY 15,614,746,309.31 from CNY 17,090,914,570.18, indicating a reduction in financial obligations[29] - The company's total assets decreased to CNY 32.93 billion in Q1 2025 from CNY 34.73 billion in Q1 2024, indicating a contraction in asset base[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 238,596[9] - The largest shareholder, China National Nuclear Corporation, held 31.66% of the shares, totaling 1,060,740,605 shares[9] - The equity attributable to shareholders decreased by 3.07% to ¥16,279,376,527.01 from ¥16,795,744,564.06[5] - The company's total equity remained stable at CNY 17,311,429,376.08 as of March 31, 2025, compared to CNY 17,634,365,726.05 at the end of 2024[29] Operational Efficiency and Growth - The company focused on its core business, leading to a 6.77% increase in related operating profits after excluding the impact of the previous year's asset transfer[7] - The company achieved a significant breakthrough in market expansion, with new contract amounts showing year-on-year growth[12] - The company successfully signed contracts for major projects, including the customs large container inspection system and multiple smart transportation projects[12] - The company's labor productivity increased year-on-year, indicating improved operational efficiency[11] - The company is focused on enhancing core competitiveness and optimizing its debt structure[11] - The company is advancing its digital transformation initiatives, including the establishment of an ERP system for the nuclear industry[12] Research and Development - Research and development expenses increased to CNY 17.57 million in Q1 2025, compared to CNY 11.37 million in Q1 2024, indicating a focus on innovation[32] - The company received awards for technological advancements, including the first prize for key technology research in high-energy X-ray cargo vehicle CT inspection systems[13] Investment Performance - The company reported an investment loss of CNY 45.81 million in Q1 2025, contrasting with a gain of CNY 197.93 million in Q1 2024[32] - Long-term equity investments decreased to approximately 14.73 billion RMB from 15.18 billion RMB at the end of 2024[16]