Friend (SH:605050)2025-04-29 07:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,438,488,977.08, representing a 1.93% increase compared to CNY 2,392,262,801.54 in the same period last year[5] - Net profit attributable to shareholders was CNY 90,834,661.87, an increase of 18.42% from CNY 76,706,571.71 year-on-year[5] - Basic earnings per share rose to CNY 0.18, reflecting a 12.5% increase from CNY 0.16 in the previous year[5] - Total revenue for Q1 2025 reached ¥2,438,488,977.08, an increase of 1.9% compared to ¥2,392,262,801.54 in Q1 2024[18] - Net profit for Q1 2025 was ¥94,328,701.87, representing a 16.6% increase from ¥80,899,421.11 in Q1 2024[19] - The total comprehensive income for the period was CNY 94,328,701.87, an increase from CNY 80,899,421.11 in the previous year, representing a growth of approximately 16.9%[20] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 9,004,178,264.59, a 3.44% increase from CNY 8,704,929,259.21 at the end of the previous year[6] - The company's total assets increased to ¥9,004,178,264.59 in Q1 2025, compared to ¥8,704,929,259.21 in Q1 2024, marking a growth of 3.4%[14] - Total liabilities rose to ¥4,533,834,271.52 in Q1 2025, up from ¥4,228,223,975.62 in Q1 2024, indicating an increase of 7.2%[14] - The total equity attributable to shareholders decreased slightly by 0.28% to CNY 4,303,105,370.62 from CNY 4,315,260,701.14 at the end of the previous year[6] - The company’s equity attributable to shareholders decreased slightly to ¥4,303,105,370.62 from ¥4,315,260,701.14, a decline of 0.3%[15] Cash Flow - The net cash flow from operating activities improved to CNY -150,642,564.52, a significant reduction in cash outflow compared to CNY -414,406,561.22 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY -150,642,564.52, an improvement compared to the previous year's outflow of CNY -414,406,561.22, indicating a reduction in cash burn[23] - Total cash outflow from operating activities was CNY 2,407,949,732.68, compared to CNY 3,004,154,296.77 in the previous year, indicating a decrease of about 19.8%[23] - Cash inflow from financing activities was CNY 742,180,079.49, down from CNY 1,047,657,055.13 in the previous year, a decrease of approximately 29.2%[24] - The cash and cash equivalents at the end of the period stood at CNY 233,203,160.54, compared to CNY 132,108,085.02 in the previous year, showing an increase of about 76.5%[24] Operational Metrics - Total operating costs for Q1 2025 were ¥2,302,941,582.29, up from ¥2,277,621,956.35 in Q1 2024, reflecting a year-over-year increase of 1.1%[18] - Inventory levels surged to ¥2,073,288,217.17 in Q1 2025, compared to ¥1,483,074,065.15 in Q1 2024, reflecting a significant increase of 39.8%[13] - The company reported a decrease in short-term borrowings to ¥1,070,960,369.48 from ¥1,205,383,779.65, a reduction of 11.1%[14] - Research and development expenses for Q1 2025 were ¥1,798,594.35, up from ¥1,678,459.92 in Q1 2024, indicating an increase of 7.2%[19] Shareholder Information - There are no significant changes in the shareholding structure among the top shareholders, with the largest shareholder holding 25.93% of the shares[10] - The company has not reported any significant new product developments or market expansion strategies in this quarter[12] Government Support - The company received government subsidies amounting to CNY 517,947.91, contributing positively to its financial performance[7]