片仔癀(600436) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,141,529,110.84, a decrease of 0.92% compared to CNY 3,170,691,528.78 in the same period last year[5]. - Net profit attributable to shareholders was CNY 999,783,695.43, representing an increase of 2.59% from CNY 974,507,153.85 year-on-year[5]. - The net profit excluding non-recurring gains and losses was CNY 1,005,041,799.22, up by 1.69% from CNY 988,351,605.90 in the previous year[5]. - Total revenue for Q1 2025 was CNY 3,141,529,110.84, a decrease of 0.9% compared to CNY 3,170,691,528.78 in Q1 2024[18]. - Net profit for Q1 2025 reached CNY 1,013,495,595.96, an increase of 1.6% from CNY 998,779,254.49 in Q1 2024[18]. - The total comprehensive income for Q1 2025 was ¥904,581,623.18, down from ¥917,860,284.99 in Q1 2024, reflecting a decrease of 1.4%[30]. Cash Flow and Liquidity - Cash flow from operating activities increased significantly by 72.33%, reaching CNY 915,914,616.89 compared to CNY 531,482,744.16 in the same period last year[5][8]. - The net cash flow from operating activities for Q1 2025 is CNY 915.91 million, significantly up from CNY 531.48 million in Q1 2024, indicating a year-over-year increase of approximately 72.3%[22]. - Cash and cash equivalents decreased to CNY 1,394,171,106.08 as of March 31, 2025, from CNY 1,487,988,163.71 as of December 31, 2024[15]. - The company's cash and cash equivalents at the end of Q1 2025 were ¥789,115,762.37, a decrease from ¥1,511,141,443.46 at the end of Q1 2024[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,484,586,937.84, reflecting a growth of 5.39% from CNY 17,539,661,657.50 at the end of the previous year[5]. - Total current assets increased to CNY 12,178,589,003.65 as of March 31, 2025, compared to CNY 11,328,819,511.46 as of December 31, 2024[15]. - Total liabilities decreased slightly to CNY 2,642,158,652.25 as of March 31, 2025, from CNY 2,700,924,667.75 as of December 31, 2024[16]. - The total assets as of March 31, 2025, amount to CNY 14.72 billion, an increase from CNY 13.90 billion as of December 31, 2024, reflecting a growth of approximately 5.9%[26]. - The total liabilities as of March 31, 2025, are CNY 623.15 million, down from CNY 709.57 million at the end of 2024, indicating a decrease of about 12.2%[27]. Shareholder Information - Shareholders' equity attributable to the parent company increased by 6.95% to CNY 15,262,924,786.68 from CNY 14,271,727,825.79 at the end of the last year[5]. - The total number of ordinary shareholders at the end of the reporting period was 123,519[10]. Earnings and Expenses - Basic and diluted earnings per share were both CNY 1.66, an increase of 2.47% compared to CNY 1.62 in the same period last year[5]. - The weighted average return on equity decreased by 0.26 percentage points to 6.77% from 7.03% year-on-year[5]. - Research and development expenses for Q1 2025 were CNY 70,820,916.31, down from CNY 88,809,419.52 in Q1 2024, indicating a potential shift in R&D focus[18]. - The company reported a decrease in sales expenses to ¥12,436,129.59 in Q1 2025 from ¥59,409,438.48 in Q1 2024, a reduction of 79.0%[29]. - The company reported a non-recurring loss of CNY 5,258,103.79, primarily due to asset disposal losses and other non-operating expenses[6][7]. Investment and Financial Activities - The company reported a net cash outflow from investing activities of CNY 939.85 million in Q1 2025, compared to a net inflow of CNY 592.18 million in Q1 2024[23]. - The company experienced a decrease in financial expenses, reporting a net financial income of -¥1,689,693.27 in Q1 2025, compared to -¥5,585,458.44 in Q1 2024[29]. - The investment income for Q1 2025 was ¥41,143,657.55, an increase of 21.0% compared to ¥33,970,778.43 in Q1 2024[29]. Inventory and Other Assets - The company’s inventory as of March 31, 2025, is CNY 3.82 billion, slightly down from CNY 3.85 billion at the end of 2024, indicating a decrease of about 0.4%[26]. - The company has reported a significant increase in other current assets, which rose to CNY 3.32 billion from CNY 2.52 billion, marking an increase of approximately 31.5%[26].