Secote co.ltd(SH:603283)2025-04-29 10:25Financial Performance - The company's operating revenue for Q1 2025 was CNY 730,124,739.20, a decrease of 5.67% compared to CNY 774,026,553.33 in the same period last year[5]. - Net profit attributable to shareholders was CNY 68,360,182.73, down 27.62% from CNY 94,451,588.38 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 31.92%, amounting to CNY 60,711,083.48[5]. - Basic earnings per share were CNY 0.34, down 29.17% from CNY 0.48 in the same period last year[5]. - Net profit for Q1 2025 was CNY 80,104,982.46, a decline of 20.49% from CNY 100,671,247.17 in Q1 2024[22]. - Earnings per share (EPS) for Q1 2025 was CNY 0.34, compared to CNY 0.48 in Q1 2024[23]. - Other comprehensive income for Q1 2025 was CNY 7,708,229.34, compared to a loss of CNY 7,925,417.28 in Q1 2024[22]. Cash Flow - The net cash flow from operating activities was negative at CNY -155,854,524.08, a decline of 277.54% compared to CNY 87,786,334.03 in the previous year[5]. - In Q1 2025, the net cash flow from operating activities was -$155.85 million, a significant decline compared to $87.79 million in Q1 2024, indicating a negative cash flow trend[24]. - Total cash inflow from operating activities in Q1 2025 was $490.58 million, down 45% from $891.83 million in Q1 2024[24]. - Cash outflow from operating activities increased to $646.44 million in Q1 2025, compared to $804.04 million in Q1 2024, reflecting higher operational costs[24]. - The company reported a net cash increase of -$216.46 million in Q1 2025, worsening from -$70.64 million in Q1 2024[25]. - The ending cash and cash equivalents balance for Q1 2025 was $484.45 million, compared to $456.41 million in Q1 2024, showing a slight improvement[25]. - The company experienced a foreign exchange impact of $4.18 million on cash and cash equivalents in Q1 2025, compared to $0.76 million in Q1 2024, suggesting currency fluctuations affected cash positions[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,836,142,699.49, a decrease of 2.09% from CNY 5,960,756,581.36 at the end of the previous year[6]. - The company's total assets amounted to approximately ¥5.84 billion, a decrease from ¥5.96 billion as of December 31, 2024, reflecting a decline of about 2.07%[16]. - The company's current assets totaled approximately ¥4.06 billion, down from ¥4.23 billion, indicating a decrease of around 3.99%[17]. - The company's total liabilities decreased to CNY 2,531,399,947.55 from CNY 2,756,678,009.97 year-over-year[19]. - The total equity attributable to shareholders increased to CNY 3,206,306,243.48 from CNY 3,119,677,085.48 year-over-year[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,264[11]. - The company held a total of 3,213,710 shares in its repurchase account, accounting for 1.61% of the total share capital[14]. - The company reported no changes in the shareholding structure of the top 10 shareholders due to the absence of securities lending activities[14]. Operational Costs and Expenses - Total operating costs for Q1 2025 were CNY 637,108,391.45, down 2.35% from CNY 652,400,549.86 in Q1 2024[21]. - Research and development expenses for Q1 2025 were CNY 85,593,779.19, slightly up from CNY 84,428,173.46 in Q1 2024[21]. - The decline in net profit was primarily due to a slight decrease in gross margin and increased financial expenses from foreign exchange losses[10]. Borrowings and Investments - The company reported a significant increase in long-term borrowings, rising to CNY 272,767,210.80 from CNY 169,097,388.30[19]. - Cash received from investment activities was $6.75 million in Q1 2025, a sharp decline from $223.71 million in Q1 2024, indicating reduced investment returns[25].