Financial Performance - The company's operating revenue for Q1 2025 was ¥3,308,640,285.35, a decrease of 81.10% compared to ¥17,509,777,210.05 in the same period last year[5] - The net profit attributable to shareholders was ¥156,494,308.41, down 89.50% from ¥1,490,964,349.53 year-on-year[5] - The total profit for the period was ¥182,742,133.45, a decrease of 89.71% from ¥1,775,612,676.73 in the same period last year[11] - Total profit decreased by 89.71% year-on-year, mainly due to a decline in operating revenue[12] - The company reported a net profit of CNY 67.13 million for the first quarter, compared to a net profit of CNY 1.09 billion in the previous year, indicating a decline of about 93.8%[25] - The net profit for Q1 2025 was CNY 158,600,904.12, a significant decrease from CNY 1,491,827,436.04 in the same period last year, representing a decline of approximately 89.4%[26] - The total comprehensive income for Q1 2025 was CNY 157,420,295.79, compared to CNY 1,493,427,572.42 in Q1 2024, reflecting a decrease of approximately 89.5%[26] Cash Flow - The net cash flow from operating activities increased by 121.04% to ¥2,093,122,907.01, compared to a negative cash flow of ¥9,949,367,133.62 in the previous year[5] - Net cash flow from operating activities increased by 121.04% year-on-year, attributed to higher cash received from product sales[12] - The net cash flow from operating activities was CNY 2,093,122,907.01, a turnaround from a negative cash flow of CNY -9,949,367,133.62 in the previous year[28] - The net cash flow from investing activities was CNY -341,549,814.00, compared to CNY -169,752,641.96 in Q1 2024, indicating an increase in cash outflow[29] - The net cash flow from financing activities decreased by 176.64% year-on-year, mainly due to a reduction in borrowings[13] - The net cash flow from financing activities was CNY -204,648,506.12, a decrease from CNY 267,012,375.94 in the same quarter last year[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥118,505,706,869.69, an increase of 9.82% from ¥107,905,965,442.13 at the end of the previous year[5] - The company's total current assets reached CNY 95.21 billion, up from CNY 84.33 billion, indicating a growth of about 12.3%[21] - The company’s total liabilities increased to CNY 96.63 billion from CNY 86.24 billion, marking an increase of approximately 12.5%[23] - The company's contract liabilities increased by 275.89% to ¥24,237,800,246.30, compared to ¥6,448,186,791.89 at the end of the previous year[9] - The company's equity attributable to shareholders reached CNY 19.60 billion, slightly up from CNY 19.43 billion, indicating a growth of about 0.9%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,678[15] - The largest shareholder, China Aviation Industry Group, holds 78.52% of the shares[15] - The company has no preferred shareholders with voting rights as of the reporting date[15] Operational Metrics - The basic earnings per share decreased to ¥0.0586, down 89.50% from ¥0.5580 in the same period last year[5] - Operating costs decreased by 80.96% year-on-year, primarily due to a reduction in product sales[12] - Total operating costs for the first quarter were CNY 3.23 billion, down from CNY 15.75 billion, representing a decrease of approximately 79.5%[25] - The company incurred a total operating expense of CNY 28,120,317,853.92, which is significantly higher than CNY 13,202,245,384.39 in the previous year[28] Other Income and Expenses - The company reported a significant increase in other income, which rose by 388.31% to ¥67,129,063.06 compared to ¥13,747,347.76 in the previous year[11] - Other income increased by 388.31% year-on-year, mainly from VAT refunds received[12] - Tax expenses decreased by 91.49% year-on-year, reflecting the overall decrease in total profit[12] - The company experienced a 96.12% decrease in taxes payable, which fell to ¥48,786,722.84 from ¥1,255,879,799.13 at the end of the previous year[10] Corporate Changes - The company completed a major asset restructuring by acquiring 100% equity of Chengdu Aircraft Industry Group Co., Ltd. on January 6, 2025, and officially changed its name to "AVIC Chengfei Co., Ltd." on January 22, 2025[19]
中航成飞(302132) - 2025 Q1 - 季度财报