中恒集团(600252) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥742,032,480.62, a decrease of 7.92% compared to ¥805,896,093.75 in the same period last year[3]. - Net profit attributable to shareholders was ¥18,267,108.80, down 66.61% from ¥54,711,195.13 year-on-year[3]. - Basic and diluted earnings per share were both ¥0.0055, representing a decrease of 65.63% from ¥0.0160 in the same period last year[3]. - The decline in net profit was primarily due to decreased revenue and gross margin from core products, as well as reduced interest income from deposits[5]. - The company reported a net profit margin decline due to increased sales and management expenses, with sales expenses at CNY 109,489,235.98 compared to CNY 209,029,038.08 in the previous year[22]. - Net profit for Q1 2025 was ¥5.43 million, down from ¥52.08 million in Q1 2024, representing a decline of approximately 89.6%[23]. - Total revenue from operating activities in Q1 2025 was ¥742.18 million, compared to ¥1.02 billion in Q1 2024, indicating a decrease of about 27.1%[26]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥78,876,401.34, a decline of 319.95% compared to ¥35,861,697.83 in the previous year[3]. - The net cash flow from operating activities for Q1 2025 was negative at ¥78.88 million, contrasting with a positive cash flow of ¥35.86 million in Q1 2024[27]. - Cash and cash equivalents as of March 31, 2025, were CNY 4,063,149,941.05, slightly up from CNY 4,054,748,826.46 at the end of 2024[17]. - Cash and cash equivalents at the end of Q1 2025 amounted to approximately ¥4.01 billion, an increase from ¥2.96 billion at the end of Q1 2024[27]. - The company generated ¥561.23 million in cash inflows from financing activities in Q1 2025, compared to ¥323.72 million in Q1 2024, reflecting an increase of about 73.5%[27]. - Investment activities resulted in a net cash outflow of approximately ¥2.06 million in Q1 2025, contrasting with a net inflow of ¥104.72 million in Q1 2024[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,975,883,501.57, a slight decrease of 0.03% from ¥10,979,027,992.83 at the end of the previous year[3]. - Total liabilities increased to CNY 3,500,477,240.12 from CNY 3,464,282,597.71, reflecting an increase of 1.0%[19]. - Shareholders' equity attributable to shareholders was ¥5,992,667,376.83, down 0.50% from ¥6,022,749,391.71 at the end of the previous year[3]. - Shareholders' equity decreased to CNY 7,475,406,261.45 from CNY 7,514,745,395.12, a decline of 0.5%[20]. Share Repurchase and Equity Transactions - The company plans to repurchase shares at a price not exceeding RMB 3.80 per share, with a total repurchase amount between RMB 300 million and RMB 500 million[9]. - As of April 10, 2025, the company has repurchased 5,025,200 shares, representing 0.1498% of the total share capital, at a total cost of RMB 11,628,944.00[10]. - The company has completed the cancellation of 40,976,146 shares as part of its share repurchase program[11]. - The company has successfully transferred 18% equity in Guangxi United Asset Management Co., Ltd. for a total consideration of RMB 194,112,400.00, receiving 70% of the payment amounting to RMB 135,878,680.00[12]. - The company has received a total of RMB 427,233,906.20 in compensation from the Zhaoqing High-tech Zone Land Reserve Center, with an outstanding principal of RMB 391,000,000.00[14]. Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 734,544,101.77, down from CNY 796,062,123.50 in Q1 2024, reflecting a reduction of 7.7%[22]. - Operating costs included CNY 522,222,922.64 in operating expenses, which increased from CNY 489,514,549.97 in the previous year, marking a rise of 6.5%[22]. - R&D expenses for Q1 2025 were approximately ¥25.56 million, a slight decrease from ¥25.93 million in Q1 2024[23]. - The company reported a significant decrease in interest income, which fell to ¥18.48 million in Q1 2025 from ¥28.57 million in Q1 2024[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 122,297[6]. - The weighted average return on equity decreased by 0.53 percentage points to 0.30% from 0.83%[3].