华建集团(600629) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,286,976,965.45, a decrease of 23.16% compared to ¥1,674,883,800.46 in the same period last year[4]. - Net profit attributable to shareholders was ¥60,185,838.86, down 24.60% from ¥79,817,474.11 year-on-year[4]. - The net profit after deducting non-recurring gains and losses decreased by 38.82%, amounting to ¥48,014,630.72 compared to ¥78,483,700.75 in the previous year[4]. - Basic earnings per share were ¥0.06, down 25.00% from ¥0.08 year-on-year[5]. - The company's net profit for Q1 2025 was CNY 60,751,094.74, a decrease of 31.3% compared to CNY 88,370,347.18 in Q1 2024[20]. - Operating profit for Q1 2025 was CNY 68,167,959.84, down 33.6% from CNY 102,680,684.57 in the same period last year[20]. - The total comprehensive income for Q1 2025 was CNY 60,750,471.59, down 31.3% from CNY 88,371,002.47 in Q1 2024[21]. Cash Flow - The net cash flow from operating activities was -¥789,879,919.52, a decline of 12.86% from -¥699,864,391.42 in the same period last year[4]. - The net cash flow from operating activities for Q1 2025 was -CNY 789,879,919.52, worsening from -CNY 699,864,391.42 in Q1 2024[25]. - The company reported a net cash outflow from investing activities of -CNY 273,639,654.81 in Q1 2025, compared to -CNY 12,291,490.11 in Q1 2024[25]. - The total cash inflow from investment activities in Q1 2025 was ¥83,550,977.26, while cash outflow was ¥324,336,201.82, resulting in a net cash flow of -¥240,785,224.56, compared to a positive net cash flow of ¥16,345,939.16 in Q1 2024[34]. - Cash inflow from operating activities in Q1 2025 was ¥14,691,612.45, while cash outflow was ¥85,332,733.25, leading to a negative cash flow[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,820,043,497.79, a decrease of 5.94% from ¥15,755,432,994.20 at the end of the previous year[5]. - Total current assets amounted to RMB 10,542,603,519.73, a decrease of 10% from RMB 11,706,951,396.32[14]. - Total liabilities decreased to RMB 9,222,492,235.61 from RMB 10,222,140,703.77, indicating a reduction of 9.8%[15]. - Total equity attributable to shareholders increased to RMB 5,305,603,858.88 from RMB 5,241,910,143.01, reflecting a growth of 1.2%[16]. - The company's total assets decreased from CNY 7,307,388,084.69 on December 31, 2024, to CNY 7,209,526,106.44 on March 31, 2025, representing a decline of approximately 1.34%[28]. - The total liabilities decreased from CNY 2,800,321,755.31 on December 31, 2024, to CNY 2,710,515,253.54 on March 31, 2025, a decline of about 3.2%[29]. Operational Efficiency - The company faced external environmental impacts leading to a reduction in revenue, despite cost-cutting measures being implemented[8]. - The company reported an increase in impairment losses, contributing to the decline in profits for the quarter[8]. - Total operating costs for Q1 2025 were RMB 1,213,704,629.70, down 22.5% from RMB 1,565,620,742.19 in Q1 2024[19]. - Operating costs included RMB 988,799,205.18 in cost of goods sold, a reduction of 22.1% from RMB 1,270,628,081.95 in the previous year[19]. - The company incurred research and development expenses of CNY 36,627,853.44 in Q1 2025, compared to CNY 52,399,955.31 in Q1 2024, reflecting a decrease of 30.1%[20]. - Research and development expenses increased to CNY 3,197,278.41 in Q1 2025, compared to CNY 2,402,412.90 in Q1 2024, reflecting a growth of approximately 33.1%[31]. Financial Ratios - The weighted average return on equity was 1.14%, a decrease of 0.45 percentage points from 1.59% in the previous year[5]. - The company reported a net profit margin improvement, with net profit for Q1 2025 expected to stabilize as operational efficiencies are realized[19]. - The company's financial expenses improved, with interest expenses decreasing from CNY 15,193,237.39 in Q1 2024 to CNY 10,620,073.61 in Q1 2025, a reduction of approximately 30.5%[31]. Employee Compensation - The company paid ¥40,111,327.07 to employees in Q1 2025, an increase from ¥27,159,091.05 in Q1 2024[34]. Accounting Standards - The company did not apply new accounting standards for the first time in 2025[35].