Baimtec Material (SH:688563)2025-04-29 13:43Financial Performance - The company's operating revenue for Q1 2025 was CNY 652,886,115.69, a decrease of 3.79% compared to CNY 678,614,155.44 in the same period last year[4] - The net profit attributable to shareholders was CNY 134,710,642.30, down 9.05% from CNY 148,119,541.27 year-on-year[4] - Total revenue for Q1 2025 was approximately $652.89 million, a decrease of 3.4% compared to $678.61 million in Q1 2024[18] - Net profit for Q1 2025 was approximately $134.71 million, a decrease of 9.0% compared to $148.12 million in Q1 2024[20] - Earnings per share for Q1 2025 was $0.30, down from $0.33 in Q1 2024[20] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY 121,893,046.50, a 167.81% increase compared to a negative cash flow of CNY -179,746,037.48 in the previous year[4] - In Q1 2025, the cash inflow from operating activities was CNY 637,634,498.72, a 36.0% increase compared to CNY 468,653,528.39 in Q1 2024[21] - The net cash flow from operating activities turned positive at CNY 121,893,046.50 in Q1 2025, compared to a negative CNY 179,746,037.48 in Q1 2024[22] - The net increase in cash and cash equivalents for Q1 2025 was CNY 309,170,699.80, compared to CNY 538,174,061.27 in Q1 2024[22] - The ending balance of cash and cash equivalents was CNY 1,588,523,625.64 in Q1 2025, down from CNY 4,595,763,931.67 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,106,736,792.98, an increase of 3.17% from CNY 11,734,820,256.82 at the end of the previous year[5] - Total assets as of March 31, 2025, were approximately $12.11 billion, an increase from $11.73 billion as of December 31, 2024[16] - Total liabilities as of March 31, 2025, were approximately $1.61 billion, up from $1.37 billion as of December 31, 2024[16] - The total current assets as of March 31, 2025, amounted to CNY 10,763,509,323.28, an increase from CNY 10,566,546,347.10 as of December 31, 2024, reflecting a growth of approximately 1.86%[13] Research and Development - Research and development (R&D) expenses totaled CNY 40,274,625.33, representing a decrease of 18.35% from CNY 49,326,288.34 year-on-year[4] - The proportion of R&D expenses to operating revenue decreased to 6.17%, down 1.1 percentage points from 7.27% in the previous year[5] - Research and development expenses for Q1 2025 were approximately $40.27 million, down from $49.33 million in Q1 2024[19] Shareholder Information - The equity attributable to shareholders increased to CNY 10,496,904,862.62, up 1.31% from CNY 10,361,105,649.05 at the end of the previous year[5] - The total equity attributable to shareholders as of March 31, 2025, was approximately $10.50 billion, an increase from $10.36 billion as of December 31, 2024[16] - The total number of ordinary shareholders at the end of the reporting period was 23,110[10] Future Outlook and Strategy - The company is actively monitoring market trends to identify potential areas for expansion and investment opportunities[12] - Future outlook includes continued investment in technology and product development to enhance competitive advantage[12] - The company emphasizes the importance of strategic partnerships and potential mergers to drive growth and market presence[12] Other Financial Metrics - The weighted average return on net assets decreased to 1.29%, down 0.18 percentage points from 1.47% in the previous year[4] - The company reported non-recurring gains of CNY 14,352,720.84 for the period, after accounting for tax effects[8] - Total operating costs for Q1 2025 were approximately $519.49 million, down 4.1% from $541.75 million in Q1 2024[18] - The company reported a financial income of approximately $13.30 million in Q1 2025, compared to $11.86 million in Q1 2024[19] Investment Activities - Cash inflow from investment activities was CNY 1,907,512,133.38 in Q1 2025, up 26.5% from CNY 1,508,581,917.82 in Q1 2024[22] - The net cash flow from investment activities decreased to CNY 196,186,435.23 in Q1 2025 from CNY 724,782,655.54 in Q1 2024[22] - The cash outflow for purchasing fixed assets and other long-term assets was CNY 11,325,698.15 in Q1 2025, down from CNY 18,799,262.28 in Q1 2024[22] Accounting Standards - The company did not apply new accounting standards starting from 2025[23]