CZDH(SH:600230)2025-04-29 08:00Financial Performance - The company's operating revenue for Q1 2025 was ¥1,052,588,374.37, a decrease of 15.43% compared to ¥1,244,627,495.24 in the same period last year[5] - Net profit attributable to shareholders was ¥8,118,255.68, down 59.98% from ¥20,285,500.86 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0196, representing a decrease of 59.75% from ¥0.0487 in the same period last year[5] - Operating profit for Q1 2025 was approximately $9.47 million, a decline of 56.9% from $21.99 million in Q1 2024[18] - Net profit for Q1 2025 was approximately $9.32 million, down 60.2% from $23.37 million in Q1 2024[18] - The net profit attributable to the parent company for Q1 2025 was CNY 8,118,255.68, a decrease from CNY 20,285,500.86 in Q1 2024, representing a decline of approximately 60%[19] - The total comprehensive income attributable to the parent company for Q1 2025 was CNY 9,315,247.18, down from CNY 23,369,106.09 in Q1 2024, indicating a decrease of about 60%[19] - The basic and diluted earnings per share for Q1 2025 were CNY 0.0196, compared to CNY 0.0487 in Q1 2024, reflecting a decline of approximately 60%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥81,398,143.75, a decline of 179.99% compared to ¥101,763,847.79 in the previous year[5][8] - Cash outflows from operating activities totaled CNY 1,115,437,553.13 in Q1 2025, compared to CNY 1,050,293,759.96 in Q1 2024, marking an increase of about 6.2%[21] - The net cash flow from financing activities for Q1 2025 was CNY -3,694,808.69, compared to CNY -22,347,356.08 in Q1 2024, indicating an improvement in cash flow[22] - The cash and cash equivalents at the end of Q1 2025 were CNY 315,564,760.05, compared to CNY 240,609,118.43 at the end of Q1 2024, showing an increase of about 31%[22] - The company reported a decrease in cash inflows from sales of goods and services, totaling CNY 1,032,544,491.36 in Q1 2025, down from CNY 1,151,074,676.48 in Q1 2024, a decline of approximately 10.3%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,956,548,237.07, a slight decrease of 0.23% from ¥5,970,323,594.51 at the end of the previous year[6] - Total current assets rose to approximately $1.13 billion as of March 31, 2025, compared to $1.05 billion as of December 31, 2024, an increase of 7.4%[13] - Total non-current assets decreased to approximately $4.83 billion as of March 31, 2025, from $4.92 billion as of December 31, 2024, a decline of 1.8%[14] - Total liabilities as of March 31, 2025, were approximately $1.64 billion, a slight decrease from $1.66 billion as of December 31, 2024[15] - Total equity increased to approximately $4.32 billion as of March 31, 2025, compared to $4.31 billion as of December 31, 2024[15] Shareholder Information - The company had a total of 34,848 common shareholders at the end of the reporting period[9] Non-Recurring Items - Non-recurring gains and losses amounted to -¥1,563,958.19, primarily due to losses from financial assets and liabilities[7] - The decline in net profit was attributed to a decrease in product prices, impacting overall profitability[8] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2025[23]