秦川机床(000837) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,043,629,758.66, representing a 6.39% increase compared to ¥980,971,659.88 in the same period last year[5] - Net profit attributable to shareholders was ¥27,486,107.65, up 7.81% from ¥25,495,179.80 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 52.59%, reaching ¥6,865,313.18 compared to ¥4,499,123.89 in the previous year[5] - Net profit for the current period was ¥31,361,350.46, a decrease of 5.8% from ¥33,279,499.75 in the previous period[25] - The net profit attributable to the parent company was ¥27,486,107.65, an increase of 7.8% compared to ¥25,495,179.80 last year[25] - Basic and diluted earnings per share were both ¥0.0273, up from ¥0.0252 in the previous period[25] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥31,192,524.57, a turnaround from a negative cash flow of ¥117,867,135.47 in the same period last year, marking a 126.46% increase[5] - Operating cash inflow for the current period reached ¥703,789,804.54, an increase of 21.7% compared to ¥578,508,733.26 in the previous period[26] - Cash outflow from investing activities totaled ¥92,524,346.54, down from ¥362,097,849.19 in the previous period, resulting in a net cash flow of -¥75,549,186.07[27] - Cash inflow from financing activities was ¥189,500,000.00, compared to ¥338,600,000.00 in the previous period, leading to a net cash outflow of -¥121,759,616.40[27] - The ending cash and cash equivalents balance was ¥1,318,054,506.04, down from ¥1,470,139,687.09 in the previous period[27] - The company’s cash and cash equivalents decreased by ¥165,780,691.91 during the period, compared to a decrease of ¥539,957,426.60 in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,833,101,018.65, reflecting a 1.23% increase from ¥9,713,726,398.36 at the end of the previous year[5] - Total liabilities rose to ¥4,345,233,366.41, compared to ¥4,260,802,667.39, marking an increase of 2.0%[21] - Non-current liabilities totaled ¥1,129,929,143.60, up from ¥1,044,745,009.76, indicating an increase of 8.2%[21] - The company's cash and cash equivalents decreased, with short-term borrowings at ¥420,755,103.45, down from ¥602,031,083.48, a reduction of 30.1%[21] - Total current assets amounted to approximately CNY 5.45 billion, an increase from CNY 5.35 billion at the beginning of the period[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,129, indicating a stable shareholder base[11] - The company reported a total of 355,389,547 shares held by Shaanxi Fashite Automotive Transmission Group Co., Ltd., making it the largest shareholder[12] - The company plans to grant up to 19 million restricted stocks under the stock incentive plan, accounting for 1.89% of the total share capital of 1,007.4228 million shares[14] - The initial grant will not exceed 15.2 million shares, representing 80% of the total grant and 1.51% of the company's total share capital[14] - The company has received approval from the Shaanxi Provincial State-owned Assets Supervision and Administration Commission for the stock incentive plan, pending shareholder meeting approval for implementation[14] Expenses and Costs - Total operating costs amounted to ¥1,044,489,301.67, up from ¥984,125,873.10, reflecting a rise of 6.1%[24] - Research and development expenses increased to ¥53,405,695.99 from ¥44,444,037.12, reflecting a growth of 20.2%[24] - The company reported a 70.68% reduction in financial expenses, decreasing from -¥1,519,230.44 to -¥445,464.49, primarily due to lower interest income[9] Investment and Income - Investment income surged by 2,642.50%, increasing from -¥22,086.43 to ¥561,547.56, driven by higher returns from trading financial assets[9] - The company received cash from the disposal of fixed assets amounting to ¥16,397,032.80, compared to ¥63,312.68 in the previous period[27] - Cash received from investment income was ¥578,127.67, marking a new revenue stream for the company[27] Management Changes - The company appointed Liu Jinyong as the new general manager effective March 5, 2025, following the retirement of the previous general manager[16]