2025-04-29 12:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 122,272,308, a decrease of 18.46% compared to CNY 149,949,264 in the same period last year[3] - Net profit attributable to shareholders decreased by 40.00% to CNY 1,607,206 from CNY 2,678,657 year-on-year[3] - The basic earnings per share fell by 33.33% to CNY 0.08, down from CNY 0.12 in the previous year[3] - The weighted average return on equity decreased by 1.01 percentage points to 1.51% from 2.52%[3] - The decline in net profit was attributed to decreased demand in the steel industry and challenges in the construction and real estate sectors[5] - Total operating revenue for Q1 2025 was CNY 122,272,308, a decrease of 18.5% compared to CNY 149,949,264 in Q1 2024[16] - Net profit for Q1 2025 was CNY 2,075,202, representing a decline of 34.0% from CNY 3,144,854 in Q1 2024[17] - The company’s total comprehensive income for Q1 2025 was CNY 2,135,588, a decrease of 33.6% from CNY 3,214,758 in Q1 2024[17] Assets and Liabilities - Total assets increased by 2.97% to CNY 832,043,897 compared to CNY 808,015,755 at the end of the previous year[4] - Total assets as of March 31, 2025, were CNY 189,236,032, an increase from CNY 183,123,101 at the end of 2024[22] - Total liabilities increased to CNY 80,950,673 as of March 31, 2025, compared to CNY 64,022,791 at the end of 2024[23] - Total liabilities increased to RMB 659.53 billion from RMB 625.68 billion at the end of 2024[14] - The equity attributable to shareholders of the parent company decreased to RMB 143.60 billion from RMB 153.04 billion at the end of 2024[14] Cash Flow - The net cash flow from operating activities was negative at CNY (25,694,659), compared to CNY (30,747,367) in the previous year[3] - The company reported a net cash outflow from operating activities of CNY (25,694,659) in Q1 2025, compared to CNY (30,747,367) in Q1 2024[20] - Cash flow from operating activities showed a net outflow of RMB 73,130,000 in Q1 2025, compared to a net outflow of RMB 1,353,000 in Q1 2024[27] - Cash flow from investing activities resulted in a net outflow of RMB 5,619,610,000 in Q1 2025, an improvement from RMB 8,500,929,000 in Q1 2024[27] - Cash flow from financing activities generated a net inflow of RMB 3,191,451,000 in Q1 2025, down from RMB 10,451,525,000 in Q1 2024[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 318,085[8] - The company’s cash and cash equivalents were RMB 50.20 billion, down from RMB 52.56 billion at the end of 2024[12] - Cash and cash equivalents at the end of Q1 2025 were CNY 41,548,715, a decrease from CNY 39,158,146 at the end of Q1 2024[22] - The total cash and cash equivalents at the end of Q1 2025 were RMB 5,851,870,000, compared to RMB 2,918,456,000 at the end of Q1 2024, reflecting a year-over-year increase of 100%[28] Contracts and New Business - The total new contracts signed in Q1 2025 amounted to RMB 230.66 billion, a decrease of 27.22% compared to the same period last year[10] - The new overseas contracts signed were RMB 12.04 billion, reflecting a decline of 35.73% year-on-year[10] - The company reported a significant increase in investment income, with RMB 199,918,000 in Q1 2025 compared to a loss of RMB 45,948,000 in Q1 2024[24]