Addsino (000547)2025-04-29 11:35Financial Performance - The company's operating revenue for Q1 2025 was ¥289,733,260.96, a decrease of 33.09% compared to ¥433,050,400.17 in the same period last year[5] - The net profit attributable to shareholders was -¥181,054,865.30, reflecting a decline of 3.34% from -¥175,204,535.79 year-on-year[5] - The company reported a total comprehensive loss of ¥216,522,842.19, compared to a loss of ¥190,595,462.21 in the previous period[18] - Net loss attributable to the parent company was ¥181,054,865.30, compared to a loss of ¥175,204,535.79 in the previous period, indicating a slight increase in losses[18] Cash Flow - The net cash flow from operating activities improved by 50.41%, amounting to -¥164,291,035.02, compared to -¥331,330,575.78 in the previous year[5] - Operating cash flow net amount was -¥164,291,035.02, an improvement from -¥331,330,575.78 in the previous period[20] - Cash and cash equivalents at the end of the period were ¥977,491,481.91, down from ¥1,042,780,533.37 at the end of the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,134,721,769.72, down 1.80% from ¥11,338,738,911.98 at the end of the previous year[5] - The company's current assets totaled CNY 6,757,628,499.80, down from CNY 6,840,098,552.43[14] - Total liabilities were reported at CNY 5,319,874,589.18, a slight increase from CNY 5,307,295,048.45[15] - The company's short-term borrowings rose to CNY 860,107,387.80 from CNY 680,508,374.75, reflecting an increase of approximately 26.5%[15] - The total equity of the company remained stable at CNY 5,814,847,180.54, unchanged from the previous period[15] Expenses - The company reported a significant increase in financial expenses by 623.48%, reaching ¥7,118,894.85, primarily due to rising interest costs and declining interest income[8] - The company's financial expenses included interest expenses of ¥15,275,985.77, an increase from ¥10,531,741.80 in the previous period[17] - Research and development expenses were ¥54,209,438.22, down from ¥76,935,815.17, reflecting a decrease of approximately 29.5% year-over-year[17] - The company experienced a 384.90% increase in other expenses, totaling ¥1,316,900.69, mainly due to increased penalties[8] Investments - The company's investment income improved by 31.68%, with a loss of -¥18,289,698.56 compared to -¥26,771,210.95 in the previous year[8] - The net cash flow from investing activities was -¥270,693,981.93, a decrease of 585.06% from -¥39,513,905.34 in the previous year[8] - The company reported a decrease in long-term equity investments to CNY 789,605,932.02 from CNY 808,012,670.58[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 153,288[10] - The company’s total equity attributable to shareholders decreased to ¥5,007,825,570.83 from ¥5,188,954,276.93[16] Accounting and Reporting - The first quarter report is unaudited[21] - The new accounting standards will be implemented starting in 2025[21] - The financial statement adjustments related to the first year of implementation will be disclosed at the beginning of that year[21] - The board of directors of Aerospace Industrial Development Corporation issued the report on April 30, 2025[21]