山推股份(000680) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,300,766,451.06, representing a 2.86% increase compared to CNY 3,209,053,581.96 in the same period last year[4]. - Net profit attributable to shareholders was CNY 272,649,939.27, up 13.63% from CNY 239,947,751.61 year-on-year[4]. - The company recorded a 28.93% increase in net profit after deducting non-recurring gains and losses, amounting to CNY 268,839,161.59 compared to CNY 208,515,266.69 in the previous year[4]. - Total revenue for Q1 2025 reached ¥3,300,766,451.06, an increase of 2.8% compared to ¥3,209,053,581.96 in the same period last year[24]. - Net profit for Q1 2025 was ¥273,183,365.68, compared to ¥240,808,580.21 in the previous year, representing an increase of 13.4%[25]. - The total comprehensive income for the period was CNY 271,373,573.24, compared to CNY 241,238,570.19 in the previous period, reflecting an increase of approximately 12.5%[26]. - Basic and diluted earnings per share increased to CNY 0.1817 from CNY 0.1599, representing a growth of about 13.9%[26]. Cash Flow - The net cash flow from operating activities was negative at CNY -268,454,158.87, a decline of 116.02% compared to CNY -124,270,139.98 in the previous year[12]. - Cash inflows from operating activities totaled CNY 2,676,888,253.01, up from CNY 2,359,395,962.36, indicating an increase of approximately 13.4%[28]. - Cash outflows from operating activities amounted to CNY 2,945,342,411.88, compared to CNY 2,483,666,102.34, which is an increase of about 18.6%[28]. - Cash flow from financing activities showed a significant increase, reaching CNY 304,112,727.54, up 1,741.68% from CNY 16,512,768.58 in the same period last year[12]. - Cash flow from investing activities resulted in a net outflow of CNY -277,660,468.88, compared to a net inflow of CNY 84,570,964.84 in the previous period[28]. - The ending balance of cash and cash equivalents was CNY 1,015,611,003.39, down from CNY 1,696,052,784.69[29]. - The company’s cash and cash equivalents decreased by CNY 231,125,511.28 during the period, compared to a decrease of CNY 19,808,187.70 in the previous period[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,479,954,322.06, reflecting a 1.05% increase from CNY 18,288,496,908.44 at the end of the previous year[5]. - Total liabilities decreased slightly to ¥12,672,539,739.82 from ¥12,753,048,584.13, a decrease of 0.6%[23]. - The company's equity attributable to shareholders rose to ¥5,511,670,762.72 from ¥5,240,428,819.40, an increase of 5.2%[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 63,494, with the largest shareholder, Shandong Heavy Industry Group Co., Ltd., holding 24.29% of the shares[13]. - The company has a total of 180.61 million shares held by Shandong Heavy Industry Group, which is a controlling shareholder[15]. - The company has a total of 236.71 million shares held by Weichai Power Co., Ltd., which is also a significant shareholder[15]. - The company has a total of 42.93 million shares held by the National Social Security Fund 107 Portfolio[15]. - The company has a total of 20.47 million shares held by Huatai-PB Fund Management Co., Ltd.[15]. Investments and Financing - The company reported a significant increase in short-term borrowings, which rose by 43.45% to CNY 1,153,810,636.10 from CNY 804,320,550.45[10]. - The company reported a 47.33% increase in long-term equity investments, totaling CNY 809,824,968.76, compared to CNY 549,684,567.16 in the previous year[10]. - The company has a total of 72.38 million yuan in financing leasing from Shandong Heavy Industry Leasing Co., Ltd.[18]. - The company has a total of 26.99 million yuan in mortgage loan balance, with overdue amounts of 16.38 million yuan[17]. - The company has issued a total of 4.26 million yuan in surplus raised funds to supplement working capital permanently[19]. - The company has a total of 7.26 million yuan in outstanding bank acceptance bills as of March 31, 2025[16]. - As of March 31, 2025, the balance of financing leasing business is 593.67 million yuan, with overdue amounts totaling 13.88 million yuan[18]. - The balance of financial credit granting business is 31.07 million yuan as of March 31, 2025, with no overdue conditions met[18]. Research and Development - Research and development expenses for Q1 2025 were ¥103,915,818.26, down from ¥138,212,635.86, a decrease of 24.8%[25]. Inventory and Receivables - Accounts receivable increased to ¥5,311,040,029.54 from ¥4,710,741,522.11, marking a rise of 12.8%[21]. - Inventory decreased to ¥3,014,547,683.47 from ¥3,200,095,156.30, a reduction of 5.8%[21]. - The company's cash and cash equivalents decreased to ¥3,877,259,521.95 from ¥4,572,610,420.38, a decline of 15.2%[21].