Luenmei Quantum (SH:600167)2025-04-29 14:08Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,698,416,238.80, a decrease of 1.06% compared to CNY 1,716,669,395.59 in the same period last year[5] - Net profit attributable to shareholders increased by 9.56% to CNY 618,094,108.13 from CNY 564,173,567.70 year-on-year[5] - Basic earnings per share rose by 11.38% to CNY 0.2779, compared to CNY 0.2495 in the previous year[5] - Total operating costs for Q1 2025 were CNY 910.18 million, a decrease from CNY 970.18 million in Q1 2024, representing a reduction of approximately 6.2%[21] - Net profit for Q1 2025 was CNY 627.69 million, up from CNY 579.53 million in Q1 2024, reflecting an increase of about 8.3%[22] - The company reported a total profit of CNY 802.31 million for Q1 2025, an increase from CNY 731.66 million in Q1 2024, representing a growth of approximately 9.6%[21] - The company’s total comprehensive income for Q1 2025 was CNY 627.69 million, compared to CNY 579.53 million in Q1 2024, reflecting an increase of about 8.3%[22] Assets and Liabilities - The company's total assets decreased by 1.20% to CNY 17,011,684,504.60 from CNY 17,218,878,051.29 at the end of the previous year[5] - Current assets as of March 31, 2025, totaled RMB 9,601,483,759.62, down from RMB 9,725,098,221.35 as of December 31, 2024, reflecting a decrease of approximately 1.3%[15] - Total liabilities decreased to RMB 4,759,485,540.15 as of March 31, 2025, from RMB 5,594,672,366.15 at the end of 2024, indicating a reduction of about 14.9%[17] - The total assets amounted to RMB 17,011,684,504.60 as of March 31, 2025, compared to RMB 17,218,878,051.29 at the end of 2024, showing a decrease of approximately 1.2%[16] - The total non-current assets increased to ¥2,399,148,261.90 as of March 31, 2025, compared to ¥2,395,010,137.41 on December 31, 2024, reflecting a growth of about 0.09%[29] - The total liabilities as of March 31, 2025, were ¥3,613,963,949.97, up from ¥3,589,872,361.37 on December 31, 2024, representing an increase of approximately 0.67%[30] Cash Flow - The net cash flow from operating activities was negative at CNY -257,512,258.10, slightly improved from CNY -260,448,219.71 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was negative CNY 257.51 million, slightly improved from negative CNY 260.45 million in Q1 2024[26] - Cash inflow from financing activities in Q1 2025 was CNY 916.25 million, an increase from CNY 736.85 million in Q1 2024, showing a growth of about 24.4%[26] - Cash inflows from operating activities in Q1 2025 totaled ¥66,458,272.44, an increase of about 9.5% from ¥60,848,385.55 in Q1 2024[33] - The net increase in cash and cash equivalents was $307.56 million, contrasting with a decrease of $304.39 million in the prior period[34] - The ending balance of cash and cash equivalents was $2.98 billion, compared to $2.66 billion at the end of the previous period[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,804[10] - The largest shareholder, Lianzhong New Energy Co., Ltd., holds 52.98% of the shares, with 449,066,771 shares pledged[11] - The company repurchased a total of 38,309,470 shares, representing 1.69% of the total shares outstanding[12] Research and Development - Research and development expenses increased by 103.65%, indicating a continued focus on innovation and product development[8] - Research and development expenses for Q1 2025 were CNY 2.80 million, down from CNY 3.05 million in Q1 2024, a decrease of approximately 8.2%[21] Inventory Management - The company reported a significant decrease in inventory by 51.80%, attributed to normal consumption during the heating season[8] - The company reported a decrease in inventory to RMB 153,049,419.13 as of March 31, 2025, down from RMB 317,533,128.06 at the end of 2024, a significant reduction of approximately 52.1%[15]