日出东方(603366) - 2025 Q1 - 季度财报

Important Notice The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with no false records, misleading statements, or major omissions, and assume legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with no false records, misleading statements, or major omissions, and assume legal responsibility[2] Key Financial Data Key Accounting Data and Financial Indicators In Q1 2025, the company's operating revenue decreased by 5.17% year-on-year, net loss attributable to shareholders narrowed, and weighted average return on net assets improved, with minor changes in total assets and equity attributable to shareholders at period-end Key Accounting Data and Financial Indicators for Q1 2025 | Project | Current Period (2025 Q1) (RMB) | Prior Year Period (2024 Q1) (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 692,659,992.63 | 730,441,975.92 | -5.17 | | Net Profit Attributable to Shareholders of Listed Company | -46,774,972.63 | -52,383,625.02 | N/A | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | -71,205,566.75 | -79,334,709.04 | N/A | | Net Cash Flow from Operating Activities | -134,551,230.73 | -270,744,488.64 | N/A | | Basic Earnings Per Share (RMB/share) | -0.0575 | -0.065 | N/A | | Diluted Earnings Per Share (RMB/share) | | | | | Weighted Average Return on Net Assets (%) | -1.13 | -1.32 | Increased by 0.19 percentage points | | Project | End of Current Period (2025 Q1) (RMB) | End of Prior Year (2024 FY) (RMB) | Change (%) | | Total Assets | 7,487,509,802.90 | 7,341,507,174.58 | 1.99 | | Owners' Equity Attributable to Shareholders of Listed Company | 4,114,527,295.25 | 4,161,299,245.88 | -1.12 | Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the reporting period amounted to RMB 24,430,594.12, primarily including government subsidies, disposal gains/losses on non-current assets, and capital occupation fees Non-Recurring Gains and Losses Items for Q1 2025 | Non-Recurring Gains and Losses Item | Current Period Amount (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 70,788.44 | | Government subsidies recognized in current profit or loss | 25,201,234.25 | | Capital occupation fees received from non-financial enterprises recognized in current profit or loss | 3,436,605.90 | | Income arising from investment cost of acquiring subsidiaries, associates, and joint ventures being less than the fair value of identifiable net assets of the invested entity at the time of acquisition | 244,245.88 | | Other non-operating income and expenses apart from the above | -293,171.04 | | Less: Income tax impact | 4,153,311.26 | | Minority interest impact (after tax) | 75,798.04 | | Total | 24,430,594.12 | Reasons for Changes in Key Accounting Data and Financial Indicators The primary reason for the change in net cash flow from operating activities is the increase in cash received from sales of goods and services compared to the same period last year - The main reason for the change in net cash flow from operating activities is the increase in cash received from sales of goods and services compared to the same period last year[7] Shareholder Information Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 95,879 common shareholders; controlling shareholder Sunrain Holding Group Co., Ltd. held 56.82%, with Xu Xinjian, the actual controller, holding 90.8% of Sunrain Holding Group, and the top ten shareholders include several affiliated companies and natural persons - As of the end of the reporting period, the total number of common shareholders was 95,879, with no preferred shareholders with restored voting rights[8] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | :--- | | Sunrain Holding Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 462,000,600 | 56.82 | | Wu Dianhua | Domestic Natural Person | 11,998,800 | 1.48 | | Xu Xinjian | Domestic Natural Person | 9,969,576 | 1.23 | | HKSCC Nominees Limited | Other | 6,689,087 | 0.82 | | Jiangsu YueLiangShen Management Consulting Co., Ltd. | Domestic Non-State-Owned Legal Person | 4,738,565 | 0.58 | | Jiangsu TaiYangShen Management Consulting Co., Ltd. | Domestic Non-State-Owned Legal Person | 2,989,765 | 0.37 | | GF Fund Management - Agricultural Bank of China - GF CSI Financial Asset Management Plan | Other | 2,095,581 | 0.26 | | Lu Juan | Domestic Natural Person | 1,758,300 | 0.22 | | Dacheng Fund Management - Agricultural Bank of China - Dacheng CSI Financial Asset Management Plan | Other | 1,720,612 | 0.21 | | Li Jun | Domestic Natural Person | 1,542,000 | 0.19 | - Sunrain Holding Group Co., Ltd. is the controlling shareholder; Chairman Xu Xinjian holds 90.8% equity in Sunrain Holding Group and directly holds 1.23% of the company's shares, serving as the actual controller. Wu Dianhua is Xu Xinjian's spouse, and Li Jun is a senior management member of the company[9] Other Reminders There is no other significant information regarding the company's operating performance during the reporting period that requires investors' attention - There is no other significant information regarding the company's operating performance during the reporting period that requires investors' attention[10] Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[11] Financial Statements The company disclosed unaudited consolidated balance sheets, income statements, and cash flow statements, reflecting the financial position, operating results, and cash flows for Q1 2025 Consolidated Balance Sheet As of March 31, 2025, total assets increased by 1.99% from year-end, with current assets growing and non-current assets slightly decreasing; total liabilities increased due to rises in both current and non-current liabilities, while owners' equity slightly declined Key Data from Consolidated Balance Sheet as of March 31, 2025 | Project | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Current Assets | 2,642,224,192.05 | 2,386,352,349.02 | 10.72 | | Total Non-Current Assets | 4,845,285,610.85 | 4,955,154,825.56 | -2.22 | | Total Assets | 7,487,509,802.90 | 7,341,507,174.58 | 1.99 | | Total Current Liabilities | 2,793,846,995.43 | 2,776,709,947.00 | 0.62 | | Total Non-Current Liabilities | 537,892,008.99 | 359,628,326.76 | 49.57 | | Total Liabilities | 3,331,739,004.42 | 3,136,338,273.76 | 6.23 | | Total Owners' Equity Attributable to Parent Company | 4,114,527,295.25 | 4,161,299,245.88 | -1.12 | | Total Owners' Equity | 4,155,770,798.48 | 4,205,168,900.82 | -1.17 | Consolidated Income Statement In Q1 2025, total operating revenue decreased by 5.17% year-on-year, and total operating costs slightly declined; operating profit and total profit remained losses but narrowed compared to the prior year, with net loss attributable to parent company shareholders also decreasing Key Data from Consolidated Income Statement for Q1 2025 | Project | 2025 Q1 (RMB) | 2024 Q1 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 692,659,992.63 | 730,441,975.92 | -5.17 | | Total Operating Costs | 770,780,895.93 | 816,026,997.40 | -5.54 | | Operating Profit | -49,360,099.46 | -53,871,482.75 | 8.37 (Loss narrowed) | | Total Profit | -49,653,270.50 | -54,347,862.55 | 8.64 (Loss narrowed) | | Net Profit | -50,436,124.34 | -55,769,401.14 | 9.56 (Loss narrowed) | | Net Profit Attributable to Parent Company Shareholders | -46,774,972.63 | -52,383,625.02 | 10.71 (Loss narrowed) | | Basic Earnings Per Share (RMB/share) | -0.0575 | -0.0650 | 11.54 (Loss narrowed) | - Financial expenses shifted from a negative value in the prior year to a positive value, primarily due to a significant increase in interest expenses[16] Consolidated Cash Flow Statement In Q1 2025, net cash outflow from operating activities significantly narrowed, mainly due to increased cash received from sales of goods and services; investing cash outflow decreased, financing cash inflow increased, and period-end cash and cash equivalents significantly rose year-on-year Key Data from Consolidated Cash Flow Statement for Q1 2025 | Project | 2025 Q1 (RMB) | 2024 Q1 (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -134,551,230.73 | -270,744,488.64 | Loss narrowed | | Net Cash Flow from Investing Activities | -69,510,906.68 | -109,681,693.89 | Loss narrowed | | Net Cash Flow from Financing Activities | 186,628,262.93 | 260,357,992.00 | Decreased | | Net Increase in Cash and Cash Equivalents | -17,099,398.71 | -118,889,481.06 | Loss narrowed | | Cash and Cash Equivalents at End of Period | 640,807,187.44 | 297,132,702.03 | Increased | - Increased cash received from sales of goods and services year-on-year is the primary reason for the improvement in operating cash flow[18] - Cash received from borrowings decreased year-on-year, and cash paid for debt repayment also decreased year-on-year[20] Adjustments to Financial Statements at the Beginning of the First Year of Implementation Due to New Accounting Standards or Interpretations from 2025 The company did not involve adjustments to the opening financial statements due to the first-time adoption of new accounting standards or interpretations in the current reporting period - The company did not involve adjustments to the opening financial statements due to the first-time adoption of new accounting standards or interpretations in the current reporting period[20]