STEC(600820)2025-04-29 07:45Financial Performance - The company's operating revenue for Q1 2025 was ¥10,549,386,215.70, a decrease of 25.33% compared to ¥14,125,167,419.49 in the same period last year[3] - The net profit attributable to shareholders was ¥330,395,366.40, down 25.38% from ¥444,187,481.85 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 33.74%, amounting to ¥282,473,327.41 compared to ¥426,289,302.23 in the previous year[3] - Basic and diluted earnings per share were both ¥0.10, representing a decrease of 28.57% from ¥0.14 in the previous year[3] - The company reported a total comprehensive income of CNY 309,971,294.81 for Q1 2025, compared to CNY 431,088,380.17 in Q1 2024, indicating a decrease of 28.2%[18] Cash Flow - The net cash flow from operating activities was negative at -¥4,883,749,526.31, a decline of 25.02% from -¥3,908,349,919.29 in the same period last year[3] - Cash received from operating activities was 19,915,284,709.23, compared to 23,015,791,417.67, showing a decline of approximately 13.1%[22] - The company paid 19,075,726,437.00 in cash for goods and services, a decrease from 19,985,881,288.46, reflecting a decline of approximately 4.6%[22] - The net cash flow from operating activities was -4,883,749,526.31 in the current period, compared to -3,906,421,399.67 in the previous period, indicating a decline of approximately 25.0%[22] - The cash inflow from financing activities included 3,623,716,075.70 from borrowings, down from 5,289,434,697.89, indicating a decrease of approximately 31.5%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥168,669,057,335.13, a decrease of 2.36% from ¥172,744,134,701.35 at the end of the previous year[4] - The company's total liabilities were RMB 102.92 billion, compared to RMB 108.24 billion previously[13] - The total liabilities decreased to CNY 127,773,667,593.16 from CNY 133,353,824,794.62, reflecting a reduction of approximately 4.3%[14] - Total equity increased to CNY 40,895,389,741.97 from CNY 39,390,309,906.73, representing an increase of about 3.8%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,801, with the largest shareholder holding 30.49% of the shares[8] - The equity attributable to shareholders increased by 4.66% to ¥36,249,099,575.75 from ¥34,636,261,397.79 at the end of the previous year[4] Operational Costs - Total operating costs for Q1 2025 were CNY 10,218,736,117.94, down 26.5% from CNY 13,855,478,263.92 in Q1 2024[17] - Research and development expenses for Q1 2025 were CNY 341,763,807.14, down 37% from CNY 542,756,035.64 in Q1 2024[17] Other Financial Metrics - The company reported a weighted average return on net assets of 1.00%, down 0.52 percentage points from 1.52% in the previous year[3] - Non-recurring gains and losses for the period totaled ¥47,922,038.99, primarily from the disposal of non-current assets and government subsidies[6][7] - The impact of exchange rate changes on cash and cash equivalents was -2,773,403.92, compared to a positive impact of 6,517,879.68 in the previous period[23] Asset Composition - The company's current assets totaled RMB 93.01 billion, down from RMB 98.54 billion in the previous period[12] - Cash and cash equivalents decreased to RMB 19.12 billion from RMB 23.91 billion[12] - Accounts receivable stood at RMB 22.21 billion, slightly down from RMB 22.47 billion[12] - The company's long-term receivables rose to RMB 31.49 billion from RMB 29.31 billion[12] - Inventory increased to RMB 1.35 billion from RMB 1.16 billion[12] - The company reported a total of 46.08 billion in contract assets, down from 47.07 billion[12] Strategic Developments - The company has not disclosed any significant new strategies or product developments during the reporting period[10]