长园集团(600525) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,397,010,526.49, a decrease of 15.30% compared to ¥1,649,392,915.75 in the same period last year[3] - The net profit attributable to shareholders of the listed company was -¥91,427,760.38, representing a decline of 650.55% from a profit of ¥15,443,840.71 in the previous year[3] - The basic and diluted earnings per share were both -¥0.0693, a decrease of 650.00% compared to ¥0.0117 in the same period last year[4] - The company reported a net loss of ¥97,765,510.15 for Q1 2025, compared to a net profit of ¥6,419,168.26 in Q1 2024, indicating a significant decline in profitability[28] - Operating profit for Q1 2025 was a loss of ¥86,533,515.50, while the previous year showed an operating profit of ¥23,072,478.84, reflecting a negative shift in operational performance[28] - Total comprehensive income for Q1 2025 was a loss of ¥98,858,428.48, compared to a loss of ¥29,194,293.39 in Q1 2024, highlighting worsening overall financial health[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥19,133,665,337.31, an increase of 22.94% from ¥15,563,958,111.16 at the end of the previous year[4] - Total liabilities reached CNY 14,706,251,452.33 as of March 31, 2025, compared to CNY 11,049,975,558.76 at the end of 2024, an increase of 33.9%[25] - The company's total assets increased to ¥8,381,077,831.44 in Q1 2025, up from ¥7,661,899,425.47 in Q1 2024, marking a growth of approximately 9.4%[35] - Total liabilities rose to ¥7,203,524,695.47 in Q1 2025, compared to ¥6,463,089,561.39 in Q1 2024, representing an increase of about 11.4%[35] Cash Flow - The net cash flow from operating activities was -¥54,180,496.52, an improvement from -¥148,356,970.69 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was negative at ¥54,180,496.52, an improvement from a larger negative cash flow of ¥148,158,386.99 in Q1 2024[31] - Cash flow from financing activities totaled approximately $10.50 billion, an increase from $5.68 billion in the previous period, reflecting a growth of 84.5%[41] - Net cash flow from financing activities was negative at approximately -$168.22 million, compared to a positive $64.46 million previously[41] Expenses - Total operating costs for Q1 2025 were CNY 1,527,332,290.90, down from CNY 1,664,158,655.94 in Q1 2024, reflecting a reduction of 8.2%[27] - Research and development expenses increased to CNY 210,961,056.21 in Q1 2025, compared to CNY 195,633,573.22 in Q1 2024, representing an increase of 7.8%[27] - The company incurred operating expenses of ¥1,796,912,410.60 in Q1 2025, down from ¥2,016,135,380.67 in Q1 2024, indicating cost control efforts[31] - The company incurred research and development expenses of ¥1,034,641.10 in Q1 2025, significantly higher than ¥303,534.89 in Q1 2024, reflecting a focus on innovation[37] Shareholder Information - The company completed the election of the new board of directors and senior management on January 10, 2025[14] - The company authorized management to sell up to 14.54 million shares of Taiyong Changzheng stock within 12 months[17] - The 2022 employee stock ownership plan purchased 9.66 million shares at an average price of RMB 5.37 per share, totaling RMB 51.86 million[18] - The 2024 employee stock ownership plan acquired 21.44 million shares at an average price of RMB 5.735 per share, totaling RMB 122.94 million[18] Government and Regulatory Matters - The total amount of VAT refunds related to business activities was ¥21,700,245.93, indicating ongoing support from government policies[11] - The company is involved in a securities false statement dispute with a potential liability of approximately RMB 116 million[19] Related Party Transactions - Related party fund occupation amounted to RMB 264.31 million as of the end of 2024, with interest of RMB 18.31 million[20] - The company received a repayment of RMB 246.6 million from a related party in January 2025[21] - The company plans to continue pursuing the recovery of related party fund occupation interest of RMB 21.59 million[21] Financial Reporting - The company reported that the financial statements as of March 31, 2025, are unaudited[22] - The company will not apply new accounting standards starting from 2025, indicating stability in financial reporting practices[41] - The company is led by Wu Qiquan, with key accounting responsibilities held by Yao Ze and Chen Yufeng[41]