HNSS(SZ:002320)2025-04-29 10:25Financial Performance - The company's operating revenue for Q1 2025 was ¥1,318,249,663.83, a decrease of 5.11% compared to ¥1,389,194,246.17 in the same period last year[5] - Net profit attributable to shareholders was ¥119,262,146.17, down 29.98% from ¥170,314,946.54 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0535, reflecting a decline of 29.97% compared to ¥0.0764 in the same period last year[5] - Net profit for the current period is ¥369,447,508.06, down 19.2% from ¥457,026,452.54 in the previous period[23] - Total comprehensive income attributable to the parent company was CNY 119,262,146.17, down from CNY 170,314,946.54 in the previous period, representing a decrease of approximately 30%[24] Cash Flow - The net cash flow from operating activities decreased by 14.32% to ¥457,724,857.36 from ¥534,233,784.49 in the previous year[5] - The net cash flow from operating activities was ¥457,724,857.36, down 14.32% year-on-year, primarily due to decreased operational efficiency[12] - Cash inflow from operating activities totaled CNY 1,276,205,040.31, compared to CNY 1,326,436,703.62 in the previous period, a decline of about 4%[24] - Cash outflow from operating activities increased to CNY 818,480,182.95 from CNY 792,202,919.13, an increase of approximately 3%[24] - The net cash flow from investing activities improved significantly, with a reduction in outflows to ¥-15,257,647.33, a decrease of 86.77% compared to the previous period[12] - Net cash flow from investing activities was CNY -15,257,647.33, compared to CNY -115,307,213.21 in the previous period, showing an improvement of about 87%[25] - The net cash flow from financing activities was ¥-182,015,075.10, an increase of 9.86% year-on-year, mainly due to higher rental payments for right-of-use assets[12] - Net cash flow from financing activities was CNY -182,015,075.10, compared to CNY -165,678,636.85, indicating a decline of approximately 10%[25] - The ending balance of cash and cash equivalents increased to CNY 2,091,031,580.18 from CNY 1,898,526,711.03, reflecting an increase of about 10%[25] Assets and Liabilities - Total assets increased by 4.27% to ¥8,100,265,358.18 from ¥7,768,797,352.48 at the end of the previous year[5] - Total current assets as of March 31, 2025, were ¥2,636,858,007.12, an increase from ¥2,189,794,828.94 at the beginning of the period[19] - Total liabilities rose to ¥1,463,820,386.65, up from ¥1,362,402,917.63 in the previous period[21] - The equity attributable to shareholders of the parent company increased to ¥4,410,536,028.47 from ¥4,286,211,736.54[21] - The company reported an increase in accounts payable to ¥207,515,355.87 from ¥199,486,167.37[21] - The company’s long-term borrowings decreased slightly to ¥397,822,656.00 from ¥406,320,971.00[21] Operational Metrics - The company transported 1.5624 million vehicles and 4.8994 million passengers during the reporting period, representing a year-on-year decrease of 5.0% and 15.4%, respectively[15] - Operating costs rose by 6.44% to ¥712,674,845.72, driven by increased costs for fuel and repair materials[11] - Total operating costs increased to ¥841,092,385.14, up 5.1% from ¥799,990,590.03 in the previous period[22] Investments and Future Plans - The company is planning to invest in Zhanjiang Xuwen Port Co., Ltd. through a cash increase, with ongoing due diligence and negotiations[15] - The company approved a major asset restructuring plan to acquire 100% equity of China COSCO Shipping (Dalian) Co., Ltd. during the board meeting on March 20, 2025[16][17] - The long-term equity investment increased to ¥34,065,762.12 from ¥30,274,949.34, indicating growth in investment activities[19] Other Information - The company did not undergo an audit for the first quarter report[26] - The company plans to implement new accounting standards starting in 2025[26]