Flat(SH:601865)2025-04-29 10:05Financial Performance - The company's operating revenue for Q1 2025 was ¥4,079,288,887.46, a decrease of 28.76% compared to ¥5,725,831,610.97 in the same period last year[4] - Net profit attributable to shareholders was ¥106,128,157.99, down 86.03% from ¥759,878,695.37 year-on-year[4] - Basic and diluted earnings per share were both ¥0.05, representing an 84.38% decline from ¥0.32 in the previous year[4] - Total revenue for Q1 2025 was CNY 4,079,288,887.46, a decrease of 28.8% compared to CNY 5,725,831,610.97 in Q1 2024[14] - Net profit for Q1 2025 was CNY 105,723,590.50, a significant decline of 86.0% compared to CNY 758,632,164.14 in Q1 2024[15] - Basic and diluted earnings per share for Q1 2025 were CNY 0.05, down from CNY 0.32 in Q1 2024[16] Cash Flow - The net cash flow from operating activities was ¥166,977,577.54, a decrease of 72.22% compared to ¥600,981,736.90 in the same period last year[4] - In Q1 2025, the net cash flow from operating activities was $166.98 million, a decrease of 72.2% compared to $600.98 million in Q1 2024[17] - Total cash inflow from operating activities in Q1 2025 was $2.31 billion, down 21% from $2.92 billion in Q1 2024[17] - Cash outflow from investing activities in Q1 2025 was $2.07 billion, an increase from $1.34 billion in Q1 2024, resulting in a net cash outflow of $654.34 million[17] - Cash inflow from financing activities in Q1 2025 was $1.33 billion, a decrease of 53% compared to $2.83 billion in Q1 2024[18] - The net cash flow from financing activities improved to $118.23 million in Q1 2025, compared to a net outflow of $40.83 million in Q1 2024[18] - The ending cash and cash equivalents balance for Q1 2025 was $4.15 billion, down from $4.72 billion in Q1 2024[18] - The company received $1.39 billion from investment recoveries in Q1 2025, compared to no recoveries in Q1 2024[17] - The company paid $994.11 million for the acquisition of fixed assets in Q1 2025, a decrease from $1.29 billion in Q1 2024[17] - The cash flow from tax refunds in Q1 2025 was $73.67 million, significantly lower than $221.19 million in Q1 2024[17] - The impact of exchange rate changes on cash and cash equivalents in Q1 2025 was a positive $3.25 million, contrasting with a negative impact of $795.55 thousand in Q1 2024[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥43,090,138,408.78, a slight increase of 0.40% from ¥42,919,798,033.81 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 43,090,138,408.78, slightly up from CNY 42,919,798,033.81 at the end of 2024[12] - Total liabilities as of March 31, 2025, were CNY 21,277,987,864.61, an increase from CNY 21,135,637,157.78 at the end of 2024[12] - Current assets totaled CNY 13,530,844,336.03 as of March 31, 2025, compared to CNY 13,877,046,036.11 at the end of 2024[12] - Non-current assets increased to CNY 29,559,294,072.75 as of March 31, 2025, from CNY 29,042,751,997.70 at the end of 2024[12] - The company reported a decrease in inventory to CNY 1,465,451,152.54 as of March 31, 2025, from CNY 1,732,831,478.80 at the end of 2024[12] - The company’s cash and cash equivalents decreased to CNY 4,837,877,931.84 as of March 31, 2025, from CNY 5,294,894,127.46 at the end of 2024[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 64,766[7] - The top ten shareholders held a combined 70.58% of the company's shares, with HKSCC NOMINEES LIMITED holding 18.85%[8] Market Conditions - The company experienced a significant decline in revenue primarily due to a sharp drop in the selling price of photovoltaic glass compared to the same period last year[6] - The company reported a 42.48% decrease in trading financial assets, mainly due to a reduction in the balance of bank wealth management products held at the end of the period[6] Return on Equity - The weighted average return on equity was 0.49%, down 2.88 percentage points from 3.37% year-on-year[5]