浦东建设(600284) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,526,470,128.09, a decrease of 41.33% compared to ¥6,011,036,507.87 in the same period last year[4] - Net profit attributable to shareholders was ¥119,344,134.10, down 18.48% from ¥146,399,930.86 year-on-year[4] - The basic earnings per share were ¥0.1230, down 18.48% from ¥0.1509 in the same period last year[4] - The weighted average return on equity decreased by 0.74 percentage points to 1.19% from 1.93% year-on-year[4] - Net profit for Q1 2025 was ¥120,510,990.81, a decline of 18.7% from ¥148,079,808.08 in Q1 2024[19] - The company reported a total profit of ¥137,532,691.85 for Q1 2025, a decrease of 9.0% from ¥151,913,851.34 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was -¥1,331,449,114.47, indicating a significant decline in cash flow compared to -¥994,620,886.01 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥1,331,449,114.47, worsening from -¥994,620,886.01 in Q1 2024[21] - Cash flow from investing activities generated a net inflow of ¥118,453,874.90 in Q1 2025, compared to a significant inflow of ¥1,608,182,773.19 in Q1 2024[22] - The company's cash and cash equivalents decreased to RMB 2,384,176,911.83 from RMB 3,632,376,963.88, representing a decline of 34.4%[13] - The ending cash and cash equivalents balance as of Q1 2025 was $586.67 million, a decrease from $2.75 billion at the end of Q1 2024[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥30,150,225,181.59, a decrease of 7.89% from ¥32,731,730,069.85 at the end of the previous year[5] - Total liabilities decreased to RMB 22,173,676,793.78 from RMB 24,875,695,472.15, a decline of 10.8%[15] - The total assets as of March 31, 2025, were RMB 30,150,225,181.59, down from RMB 32,731,730,069.85, a decrease of 7.9%[15] - Current liabilities totaled CNY 5,890,496,133.00, down from CNY 7,124,207,212.41, a decline of about 17.3%[25] - The total liabilities decreased to CNY 6,949,348,132.47 from CNY 8,187,832,483.22, a reduction of approximately 15.1%[25] Shareholder Equity - The net assets attributable to shareholders increased by 1.54% to ¥7,865,221,502.29 from ¥7,745,874,568.89 at the end of the previous year[5] - The company's total equity increased to RMB 7,976,548,387.81 from RMB 7,856,034,597.70, an increase of 1.5%[15] - Shareholders' equity increased slightly to CNY 5,925,641,012.80 from CNY 5,887,178,516.18, reflecting a growth of about 0.7%[25] Operational Changes - The company experienced a decrease in construction workload due to changes in project schedules and delays in the commencement of new contracts[7] - The company expanded its factoring business, with the amount of factoring loans increasing by ¥236 million compared to the previous year[7] - Research and development expenses for Q1 2025 were ¥67,261,873.76, significantly lower than ¥203,976,085.71 in Q1 2024, indicating a reduction of 67.0%[18] - The company incurred financial expenses of ¥12,260,225.56 in Q1 2025, compared to a financial income of -¥3,491,095.62 in Q1 2024, marking a significant shift in financial performance[18] Investment Activities - The company reported a cash inflow of $3.72 billion from investment recoveries in Q1 2025, a notable increase from $1.50 billion in Q1 2024[31] - Investment income for Q1 2025 was CNY 48,212,663.69, up from CNY 34,070,037.05 in Q1 2024, indicating a growth of 41.6%[27]