ECC(SH:600850)2025-04-29 12:38Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,001,472,089.45, representing a year-on-year increase of 0.36% compared to CNY 1,994,277,143.09 in the same period last year[4] - Net profit attributable to shareholders was CNY 50,425,845.08, reflecting a growth of 6.41% from CNY 47,389,486.18 in the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 48,756,702.04, which is a 4.00% increase from CNY 46,883,155.04 year-on-year[4] - The basic earnings per share increased to CNY 0.0735, up by 6.83% from CNY 0.0688 in the same period last year[5] - The company reported a total comprehensive income of ¥45,670,473.12 for Q1 2025, down from ¥51,857,132.20 in Q1 2024, reflecting a decrease of approximately 12.0%[22] - The company reported a net profit of -1,705,494.02 yuan for the first quarter of 2025, compared to a net profit of 5,878,174.32 yuan in the same period of 2024, indicating a significant decline in profitability[32] - The total profit for the first quarter of 2025 was -1,840,260.93 yuan, compared to a profit of 5,901,274.97 yuan in the first quarter of 2024, showing a drastic decrease[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,271,657,133.37, a decrease of 5.58% from CNY 11,938,269,698.39 at the end of the previous year[5] - The company's total assets decreased to CNY 4,727,910,924.41 from CNY 4,879,968,940.57[30] - The total liabilities decreased to CNY 1,416,369,179.91 from CNY 1,575,226,763.48, indicating a reduction in financial obligations[30] - The company reported a total current liabilities of RMB 517,218,461.48, up from RMB 458,480,341.00, reflecting an increase in short-term debt obligations[15] Cash Flow - The net cash flow from operating activities was negative at CNY -1,129,684,521.39, compared to CNY -925,807,564.43 in the same period last year, indicating a significant decline[4] - Cash inflow from operating activities in Q1 2025 totaled ¥2,198,957,355.92, a decrease from ¥2,248,266,802.56 in Q1 2024, representing a decline of approximately 2.2%[25] - The total cash and cash equivalents at the end of the period were CNY 861,329,062.68, down from CNY 1,737,525,829.77 at the end of the previous period[27] - The company incurred a credit impairment loss of -1,005,651.98 yuan in the first quarter of 2025, compared to a gain of 36,974.30 yuan in the same period of 2024[32] Shareholder Engagement and Equity - The equity attributable to shareholders was CNY 4,896,580,378.74, showing a slight increase of 1.21% from CNY 4,838,060,231.21 at the end of the previous year[5] - The total equity attributable to shareholders increased to ¥4,896,580,378.74 from ¥4,838,060,231.21, reflecting a growth of approximately 1.2%[17] - The company plans to increase its A-share holdings by no less than RMB 200 million and no more than RMB 400 million within 12 months, representing up to 2% of the total share capital[11] - As of April 18, 2025, the company has cumulatively repurchased 7,263,978 A-shares, accounting for approximately 1.06% of the total share capital, with a total transaction amount of RMB 171,483,167.32[12] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[11] - Research and development expenses for Q1 2025 were ¥105,328,079.30, slightly up from ¥103,562,908.09 in Q1 2024, indicating an increase of about 1.7%[20] - Research and development expenses for Q1 2025 were CNY 11,152,202.86, compared to CNY 11,869,523.15 in Q1 2024, showing a decrease of 6.03%[31] Operating Costs - Total operating costs for Q1 2025 were ¥1,946,935,262.86, compared to ¥1,927,993,503.97 in Q1 2024, indicating an increase of about 1.0%[20] - The operating costs for Q1 2025 were CNY 199,902,711.78, up from CNY 193,338,699.99 in Q1 2024, reflecting a year-over-year increase of 3.00%[31] - The company’s operating expenses in the first quarter of 2025 amounted to 429,740,157.78 yuan, slightly higher than 419,313,985.40 yuan in the first quarter of 2024[34]