HSTD(600054)2025-04-29 14:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 403,021,557.03, representing a year-on-year increase of 19.79% compared to CNY 336,454,018.04 in the same period last year[3]. - Net profit attributable to shareholders for the same period was CNY 36,894,968.31, a significant increase of 44.69% from CNY 25,499,904.98 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 34,976,239.55, reflecting a 55.79% increase from CNY 22,450,414.93 in the previous year[3]. - The basic earnings per share (EPS) increased to CNY 0.0506, up 44.57% from CNY 0.0350 in the previous year[3]. - The diluted EPS also rose to CNY 0.0506, marking a 44.57% increase year-on-year[3]. - The weighted average return on equity (ROE) increased by 0.22 percentage points to 0.79%[3]. - Total operating revenue for Q1 2025 reached ¥403,021,557.03, a 19.8% increase from ¥336,454,018.04 in Q1 2024[19]. - Net profit for Q1 2025 was ¥39,238,895.07, representing a 35.4% increase compared to ¥29,036,478.27 in Q1 2024[20]. - Earnings per share for Q1 2025 was ¥0.0506, compared to ¥0.0350 in Q1 2024, reflecting a 44.9% increase[20]. Cash Flow and Assets - The net cash flow from operating activities was CNY 59,298,074.07, a substantial improvement from a negative cash flow of CNY -23,935,533.32 in the same period last year[3]. - Cash inflow from operating activities for Q1 2025 was $512.34 million, an increase of 24.6% compared to $411.25 million in Q1 2024[24]. - Net cash flow from operating activities turned positive at $59.30 million in Q1 2025, compared to a negative $23.94 million in Q1 2024[24]. - The ending cash and cash equivalents balance for Q1 2025 was $1.20 billion, up from $1.10 billion in Q1 2024[25]. - The company's cash and cash equivalents were RMB 1,208,324,520.44, down from RMB 1,812,406,238.23 at the end of the previous year[14]. - Total current assets amounted to RMB 1,882,762,951.03, a decrease from RMB 2,004,865,454.33 as of December 31, 2024[14]. - Total assets at the end of the reporting period were CNY 5,734,181,728.84, a slight increase of 0.03% from CNY 5,732,301,996.17 at the end of the previous year[4]. Visitor Statistics - The number of visitors to the mountain increased by 22.34% year-on-year, contributing to the rise in revenue and profit[6]. - In the reporting period, Huangshan Scenic Area received a total of 1.012 million visitors, an increase of 184,800 visitors compared to 827,200 visitors in the same period last year, representing a growth rate of 22.34%[10]. Investments and Financial Management - The company approved the use of up to RMB 180 million of idle raised funds for cash management, investing in low-risk financial products with high safety and liquidity, for a term of one year[10]. - The company also approved the use of up to RMB 700 million of idle self-owned funds for cash management under similar conditions[11]. Liabilities and Equity - Total liabilities decreased to ¥844,389,938.09 from ¥873,235,828.70, indicating a reduction of approximately 3.9%[16]. - The company's equity increased to ¥4,889,791,790.75 from ¥4,859,066,167.47, showing a growth of about 0.6%[16]. - Shareholder equity attributable to the parent company increased to CNY 4,690,796,560.01, reflecting a growth of 0.72% from CNY 4,657,341,391.70 at the end of the previous year[4]. Research and Development - Research and development expenses for Q1 2025 were ¥301,860.81, down from ¥548,734.26 in Q1 2024, a decrease of 45.0%[19]. Other Financial Metrics - The company reported trading financial assets of RMB 460,422,228.48 as of March 31, 2025[14]. - Accounts receivable increased to RMB 35,399,888.48 from RMB 34,437,014.58 in the previous period[14]. - Other receivables rose to RMB 49,329,285.37 from RMB 30,946,777.57[14]. - Inventory decreased to RMB 41,490,288.38 from RMB 47,968,514.31[14]. - The company reported an investment loss of ¥3,853,643.07 in Q1 2025, compared to a loss of ¥2,648,568.49 in Q1 2024[19].