TMT(SH:600458)2025-04-29 12:08Financial Performance - The company's operating revenue for Q1 2025 was CNY 4,158,410,554.87, a decrease of 1.11% compared to the same period last year[3] - Net profit attributable to shareholders increased by 26.30% to CNY 151,535,656.36 compared to the previous year[3] - The basic earnings per share rose by 20.00% to CNY 0.18 from CNY 0.15 in the same period last year[3] - Operating profit for Q1 2025 increased to approximately ¥190.25 million, up 18.8% from ¥160.09 million in Q1 2024[17] - Net profit for Q1 2025 was approximately ¥166.04 million, representing a 27.0% increase from ¥130.80 million in Q1 2024[17] - The total comprehensive income for the period reached CNY 223,736,847.65, an increase from CNY 110,404,665.32 in the previous period[18] - Basic and diluted earnings per share increased to CNY 0.18 from CNY 0.15 year-over-year[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,178,410,123.54, reflecting an increase of 8.22% from the end of the previous year[4] - Total current assets as of March 31, 2025, were approximately ¥14.66 billion, an increase of 13.4% from ¥12.93 billion as of December 31, 2024[12] - Total liabilities as of March 31, 2025, were approximately ¥15.14 billion, an increase of 10.6% from ¥13.69 billion as of December 31, 2024[14] - The company's total liabilities rose to CNY 11,138,002,143.92, compared to CNY 9,674,579,390.81, indicating an increase of approximately 15.1%[24] - The total equity increased to CNY 6,060,684,372.88 from CNY 5,914,642,215.36, reflecting a growth of about 2.5%[24] Cash Flow - The net cash flow from operating activities was negative at CNY -647,952,294.90, an improvement from CNY -907,427,294.07 in the previous year[3] - Cash flow from operating activities showed a net outflow of CNY -647,952,294.90, an improvement from CNY -907,427,294.07 in the same quarter last year[20] - The company reported cash inflows from financing activities of CNY 602,896,532.14, up from CNY 480,000,000.00 in the previous year[21] - The net cash flow from investing activities was CNY -153,301,438.96, compared to CNY -103,498,734.43 in the same period last year[20] - The cash inflow from operating activities in Q1 2025 was approximately $1.06 billion, an increase from $952.14 million in Q1 2024, representing a growth of about 11.4%[28] - The net cash flow from operating activities in Q1 2025 was -$623.71 million, an improvement compared to -$704.96 million in Q1 2024, indicating a reduction in cash outflow by approximately 11.5%[28] - Cash inflow from financing activities in Q1 2025 reached approximately $1.79 billion, up from $1.31 billion in Q1 2024, marking an increase of about 36%[29] - The net cash flow from financing activities in Q1 2025 was $494.38 million, compared to $315.31 million in Q1 2024, reflecting a growth of approximately 56.8%[29] Inventory and Receivables - Inventory levels increased by 29.28%, attributed to higher raw material and finished goods stock[5] - Accounts receivable increased to approximately ¥6.32 billion, up 18.5% from ¥5.33 billion[12] - Inventory increased significantly to approximately ¥2.76 billion, a rise of 29.2% from ¥2.13 billion[12] - Accounts receivable rose to CNY 4,469,885,821.70 from CNY 3,663,743,074.64, indicating a significant increase in sales on credit[22] - Inventory levels increased to CNY 1,188,751,649.67 from CNY 718,668,516.48, reflecting a strategy to support future sales growth[22] Research and Development - Research and development expenses for Q1 2025 were approximately ¥196.00 million, slightly down from ¥200.90 million in Q1 2024[17] - Research and development expenses for Q1 2025 were CNY 83,999,541.22, slightly down from CNY 86,835,749.67 in Q1 2024[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,438[7] Financial Risks and Impairments - The company reported a credit impairment loss of approximately ¥50.94 million in Q1 2025, compared to a gain of ¥6.69 million in Q1 2024[17] - The company reported a credit impairment loss of CNY 32,324,938.12, compared to a loss of CNY -6,679,588.01 in the previous year, indicating a significant change in credit risk assessment[26] Other Financial Metrics - The weighted average return on equity improved to 2.42%, up from 2.07% in the previous year[3] - The company's financial expenses showed a significant improvement, with a net financial cost of CNY -2,434,302.44 compared to CNY 11,842,976.29 in the previous year[26] - The company's cash flow statement for Q1 2025 is currently unaudited, indicating ongoing financial assessments[27]