航发科技(600391) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥756,047,551.54, a decrease of 6.79% compared to ¥811,100,035.01 in the same period last year[4] - Net profit attributable to shareholders was ¥3,568,497.52, representing a significant increase of 265.40% from a loss of ¥2,157,504.47 in the previous year[4] - Basic and diluted earnings per share increased to ¥0.011, up 257.14% from a loss of ¥0.007 per share in the previous year[4] - The weighted average return on equity rose to 0.21%, an increase of 0.35 percentage points compared to -0.14% in the previous year[4] - The net profit excluding non-recurring gains and losses was -¥379,003.56, showing an improvement of 94.33% from -¥6,682,742.16 in the same period last year, primarily due to effective cost reduction measures[4] - Net profit for Q1 2025 reached CNY 23,665,628.19, significantly higher than CNY 9,113,754.27 in Q1 2024, marking an increase of 160.5%[16] - The company reported a gross profit margin of approximately 3.3% for Q1 2025, compared to a margin of 1.5% in Q1 2024[15][16] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥100,613,514.30, a turnaround of 110.38% from a negative cash flow of ¥969,120,366.27 in the same period last year[4] - The company reported a significant increase in sales collections while reducing the amount of due bills payable, contributing to improved cash flow[4] - In Q1 2025, the cash inflow from operating activities was CNY 781,212,175.01, a significant increase from CNY 465,136,306.77 in Q1 2024, representing a growth of approximately 68%[18] - The net cash flow from operating activities in Q1 2025 was CNY 100,613,514.30, compared to a negative CNY 969,120,366.27 in Q1 2024, indicating a turnaround in performance[18] - Cash outflow for purchasing goods and services in Q1 2025 was CNY 469,998,489.72, down from CNY 1,146,024,951.43 in Q1 2024, reflecting a reduction of about 59%[18] - The total cash and cash equivalents at the end of Q1 2025 were CNY 132,747,991.45, down from CNY 613,230,155.68 at the end of Q1 2024, a decrease of about 78%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,224,624,517.30, reflecting a slight increase of 0.34% from ¥8,197,046,263.53 at the end of the previous year[5] - Total liabilities amounted to CNY 5,546,503,153.78, remaining relatively stable compared to CNY 5,546,126,335.23 in the prior period[12] - The company's equity increased to CNY 2,678,121,363.52, up from CNY 2,650,919,928.30, reflecting a growth of 1.0%[12] Research and Development - Research and development expenses increased to CNY 30,561,655.17 in Q1 2025, up from CNY 15,149,180.88 in Q1 2024, indicating a growth of 102.5%[15] Government Support - The company received government subsidies amounting to ¥4,307,719.43, which are closely related to its normal business operations[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,897[7] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[15] Financing Activities - The net cash flow from financing activities in Q1 2025 was negative CNY 164,446,596.85, a decline from a positive CNY 996,960,749.98 in Q1 2024, indicating a significant change in financing strategy[19] - The company received CNY 1,100,000,000.00 in borrowings in Q1 2025, slightly lower than CNY 1,150,000,000.00 in Q1 2024, indicating stable financing activities[19] - The cash outflow for paying debts in Q1 2025 was CNY 1,202,000,000.00, a significant increase from CNY 102,000,000.00 in Q1 2024, reflecting a shift in debt repayment strategy[19] Currency Impact - The impact of exchange rate changes on cash and cash equivalents in Q1 2025 was CNY 2,313,517.59, compared to CNY 1,758,487.50 in Q1 2024, showing a positive effect from currency fluctuations[19] Other Operating Activities - The company reported a cash inflow from other operating activities of CNY 5,502,243.24 in Q1 2025, up from CNY 3,247,446.75 in Q1 2024, indicating improved operational efficiency[18]