ycec(SH:600248)2025-04-29 14:18Financial Performance - The company's operating revenue for Q1 2025 was ¥23,241,808,527.87, a decrease of 16.30% compared to ¥27,769,418,872.69 in the same period last year[4] - Net profit attributable to shareholders was ¥416,939,636.50, down 24.50% from ¥552,227,850.92 year-on-year[4] - The basic earnings per share decreased by 22.87% to ¥0.1130 from ¥0.1465 in the previous year[5] - The net profit for the first quarter of 2025 is CNY 407,894,805.97, a decrease of 35.4% compared to CNY 630,631,758.69 in the first quarter of 2024[18] - The company reported a total comprehensive income of CNY 410,380,344.59 for Q1 2025, compared to CNY 622,513,048.81 in Q1 2024, indicating a decrease of 34.0%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥338,757,539,212.83, a decline of 4.09% from ¥353,191,989,271.30 at the end of the previous year[5] - Cash and cash equivalents decreased to CNY 24.06 billion from CNY 29.52 billion, a decline of 18.5%[12] - Accounts receivable decreased to CNY 166.98 billion from CNY 178.56 billion, a reduction of 6.5%[12] - Total assets decreased to CNY 338.76 billion from CNY 353.19 billion, a decline of 4.1%[13] - Total liabilities decreased to CNY 299.92 billion from CNY 313.22 billion, a reduction of 4.2%[14] - Total equity decreased to CNY 38.83 billion from CNY 39.97 billion, a decline of 2.9%[14] - The company’s total liabilities increased to CNY 42,635,891,553.44 in Q1 2025 from CNY 46,416,295,224.53 in Q1 2024, showing a decrease of 8.0%[22] Cash Flow - The net cash flow from operating activities was negative at -¥6,592,067,150.02, an improvement from -¥8,715,052,016.59 in the previous year[4] - The net cash flow from operating activities for Q1 2025 is -CNY 6,592,067,150.02, an improvement from -CNY 8,715,052,016.59 in Q1 2024[22] - The company’s investment activities generated a net cash outflow of -CNY 108,067,751.10 in Q1 2025, compared to -CNY 389,379,012.99 in Q1 2024, indicating a reduction in cash outflow[22] Shareholder Information - The company had a total of 49,250 common shareholders at the end of the reporting period[9] - The largest shareholder, Shaanxi Construction Holding Group Co., Ltd., held 66.32% of the shares[9] Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 22.60 billion, down 16.1% from CNY 26.96 billion in Q1 2024[17] - The company incurred financial expenses of CNY 538,876,733.66 in Q1 2025, an increase of 12.2% from CNY 480,050,490.29 in Q1 2024[18] - Research and development expenses for Q1 2025 amounted to CNY 432,666,052.65, up from CNY 400,924,671.17 in Q1 2024, marking an increase of 7.9%[18] Inventory and Other Assets - Inventory increased to CNY 2.98 billion from CNY 2.67 billion, an increase of 11.7%[12] - Long-term borrowings increased to CNY 19.30 billion from CNY 18.53 billion, an increase of 4.2%[14] - Deferred income tax assets increased to CNY 5.04 billion from CNY 4.99 billion, an increase of 1.0%[13] Market and Product Development - The company did not report any significant new product developments or market expansion strategies during the quarter[11]