大秦铁路(601006) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 17.80 billion, a decrease of 2.56% compared to CNY 18.27 billion in the same period last year[5]. - Net profit attributable to shareholders was CNY 2.57 billion, down 15.61% from CNY 3.05 billion year-on-year[5]. - Basic earnings per share decreased by 27.78% to CNY 0.13 from CNY 0.18 in the same period last year[5]. - Total operating revenue for Q1 2025 was CNY 17,800,848,734, a decrease of 2.56% compared to CNY 18,268,456,774 in Q1 2024[20]. - Net profit for Q1 2025 was CNY 2,847,021,913, down 16.36% from CNY 3,402,925,660 in Q1 2024[22]. - Operating profit for Q1 2025 was CNY 3,600,803,684, a decrease of 19.43% compared to CNY 4,468,737,467 in Q1 2024[21]. - Total comprehensive income for Q1 2025 was CNY 2.55 billion, slightly down from CNY 3.04 billion in Q1 2024[32]. - Financial expenses for Q1 2025 were CNY -216.71 million, compared to CNY -123.96 million in Q1 2024, indicating an increase in financial costs[31]. Cash Flow - The net cash flow from operating activities was negative CNY 1.69 billion, a decline of 208.99% compared to a positive CNY 1.55 billion in the previous year[5]. - In Q1 2025, the net cash flow from operating activities was -1,694,615,289 RMB, a significant decline compared to 1,554,838,176 RMB in Q1 2024[24]. - Cash inflow from operating activities totaled 9,535,565,947 RMB in Q1 2025, down from 12,934,058,049 RMB in Q1 2024, representing a decrease of approximately 26.5%[24]. - The total cash outflow from operating activities was 11,230,181,236 RMB in Q1 2025, slightly lower than 11,379,219,873 RMB in Q1 2024[24]. - The net cash flow from investing activities was -783,302,584 RMB in Q1 2025, worsening from -605,259,388 RMB in Q1 2024[25]. - Cash inflow from investing activities decreased to 38,439,146 RMB in Q1 2025 from 357,034,200 RMB in Q1 2024, a decline of approximately 89.2%[25]. - The net cash flow from financing activities improved to 191,915,505 RMB in Q1 2025, compared to -48,316,247 RMB in Q1 2024[25]. - The total cash and cash equivalents at the end of Q1 2025 were 59,055,832,007 RMB, down from 68,216,864,419 RMB at the end of Q1 2024[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 207.97 billion, an increase of 0.46% from CNY 207.02 billion at the end of the previous year[6]. - Total assets as of the end of the reporting period were CNY 207,970,503,941, compared to CNY 207,017,831,253 at the end of the previous period[17]. - Total liabilities decreased to CNY 27,288,626,217 from CNY 37,048,948,517[17]. - The total liabilities decreased to 20,626,690,183 RMB as of March 31, 2025, from 29,889,738,265 RMB at the end of 2024[29]. - Shareholders' equity attributable to shareholders increased by 6.73% to CNY 165.31 billion from CNY 154.88 billion year-on-year[6]. - Shareholders' equity increased to CNY 180,681,877,724 from CNY 169,968,882,736[17]. - The total equity increased to 166,507,685,745 RMB as of March 31, 2025, compared to 156,114,521,557 RMB at the end of 2024[29]. Operational Metrics - The company reported a significant increase in accounts receivable financing by 103.21% due to an increase in transport receipts[7]. - The company experienced a 110.43% rise in prepayments, primarily due to new advance payments for materials[7]. - The company received government subsidies amounting to CNY 31.49 million, which positively impacted its financial performance[7]. - The total number of ordinary shareholders at the end of the reporting period was 184,477[10]. - The company reported a significant increase in management expenses, rising to CNY 140.65 million in Q1 2025 from CNY 94.00 million in Q1 2024[31]. - Sales revenue from goods and services received in Q1 2025 was CNY 8.02 billion, down from CNY 11.10 billion in Q1 2024[34]. Investments and Developments - The long-term equity investments rose to RMB 25,497,785,120 from RMB 24,658,594,428, showing an increase of about 3.4%[15]. - The construction in progress increased significantly to RMB 2,720,126,436 from RMB 1,960,725,579, marking a growth of approximately 38.7%[15]. - The total non-current assets were reported at RMB 86,685,206,694, down from RMB 88,308,761,406, indicating a decrease of about 1.8%[15]. - The company has not disclosed any new product or technology developments in the recent reports[13]. - There are no significant changes in the top 10 shareholders or their shareholding status reported[12]. - The company has not indicated any plans for market expansion or mergers and acquisitions in the latest conference call[13].