航天机电(600151) - 2025 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2025 was CNY 915,770,168.28, a decrease of 34.26% compared to CNY 1,393,094,855.85 in the same period last year[4] - Net loss attributable to shareholders was CNY -11,179,203.64, improving from a loss of CNY -47,717,202.26 year-over-year[4] - Basic and diluted earnings per share were both CNY -0.0078, an improvement from CNY -0.0333 in the same period last year[6] - Net profit for Q1 2025 was a loss of ¥12,565,367.58, an improvement from a loss of ¥56,183,306.41 in Q1 2024[21] - The company reported a total comprehensive income of ¥11,212,592.81 in Q1 2025, compared to a loss of ¥31,469,730.27 in Q1 2024[21] Cash Flow and Liquidity - Operating cash flow for the period was CNY 59,417,835.87, a significant recovery from a negative cash flow of CNY -408,095,772.06 in the previous year[4] - Cash flow from operating activities for Q1 2025 was ¥59,417,835.87, compared to a negative cash flow of ¥408,095,772.06 in Q1 2024[24] - The company's cash and cash equivalents increased to RMB 1,331,312,437.76 from RMB 1,278,852,386.47, reflecting improved liquidity[16] - Cash and cash equivalents at the end of Q1 2025 increased to ¥1,323,050,105.15 from ¥1,340,476,756.28 in Q1 2024[26] Assets and Liabilities - Total assets at the end of the period were CNY 8,254,100,062.43, a slight decrease of 0.37% from CNY 8,284,390,856.29 at the end of the previous year[6] - The company's current assets totaled RMB 3,749,238,900.84, showing a marginal increase from RMB 3,729,349,715.39 in the previous period[16] - The total liabilities decreased to RMB 2,995,292,524.73 from RMB 3,037,178,217.89, indicating a reduction in financial obligations[18] - The company's total equity stood at RMB 5,258,807,537.70, slightly up from RMB 5,247,212,638.40, reflecting a stable equity position[18] - Short-term borrowings increased to RMB 392,514,868.10 from RMB 365,312,194.73, indicating a rise in short-term financing needs[18] Operational Performance - The decline in revenue was attributed to the exclusion of Esch Creative Luxembourg and Aerospace Turkey from the consolidated financial statements and ongoing low-price adjustments in the photovoltaic industry[8] - Total operating costs for Q1 2025 were ¥916,302,011.57, down 37.7% from ¥1,470,673,627.62 in Q1 2024[20] - Research and development expenses decreased to ¥30,956,240.55 in Q1 2025, down 44.2% from ¥55,485,888.94 in Q1 2024[20] - Sales expenses for Q1 2025 were ¥17,678,703.22, a decrease of 39.5% compared to ¥29,227,050.12 in Q1 2024[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,043[10] - Shareholders' equity attributable to the parent company increased by 0.14% to CNY 4,859,465,417.41 from CNY 4,852,573,304.34[6] Accounting and Reporting Changes - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year[27]