HXSS(600477)2025-04-29 14:25Financial Performance - The company's operating revenue for Q1 2025 was CNY 163,397.90 million, a decrease of 10.41% compared to CNY 182,378.54 million in the same period last year[4] - Net profit attributable to shareholders was CNY 4,930.69 million, down 22.96% from CNY 6,400.19 million year-on-year[4] - The basic earnings per share decreased by 22.22% to CNY 0.021 from CNY 0.027 in the same period last year[4] - Operating profit for Q1 2025 was ¥51,771,011.28, compared to ¥76,211,108.01 in Q1 2024, indicating a decline of 32.1%[18] - In Q1 2025, the total profit amounted to ¥50,607,297.86, a decrease of 33.2% compared to ¥75,880,344.01 in Q1 2024[19] - The net profit for Q1 2025 was ¥47,367,439.90, down 30% from ¥67,623,086.01 in Q1 2024[19] - The total comprehensive income for Q1 2025 was ¥47,212,928.50, down 30.5% from ¥67,915,419.61 in Q1 2024[19] Cash Flow - The net cash flow from operating activities improved by 56.01%, reaching CNY -9,774.82 million compared to CNY -22,220.44 million in the previous year[4] - The cash flow from operating activities in Q1 2025 was negative at -¥97,748,218.16, an improvement from -¥222,204,382.37 in Q1 2024[21] - Cash inflow from operating activities totaled ¥1,827,132,721.92 in Q1 2025, compared to ¥2,132,035,544.61 in Q1 2024, reflecting a decrease of 14.3%[21] - The cash flow from investing activities in Q1 2025 was -¥62,666,204.33, an improvement from -¥102,343,694.63 in Q1 2024[22] - The cash flow from financing activities generated a net inflow of ¥248,100,569.41 in Q1 2025, compared to ¥226,029,349.38 in Q1 2024, indicating a 9.7% increase[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,583,809.77 million, a decline of 4.24% from CNY 1,653,926.77 million at the end of the previous year[5] - Total current assets decreased to ¥10,150,957,641.38 as of March 31, 2025, from ¥10,732,461,290.20 at the end of 2024, a decline of 5.4%[13] - Total liabilities decreased to ¥10,382,216,751.25 as of March 31, 2025, down from ¥11,113,473,192.03 at the end of 2024, a reduction of 6.6%[15] - Non-current assets totaled ¥5,687,140,016.20 as of March 31, 2025, a slight decrease from ¥5,806,806,385.31 at the end of 2024, reflecting a decline of 2.0%[14] - The company's total equity increased to ¥5,455,880,906.33 as of March 31, 2025, from ¥5,425,794,483.48 at the end of 2024, a growth of 0.6%[15] Shareholder Information - The company reported a total of 69,296 common shareholders at the end of the reporting period[9] - The largest shareholder, Dan Yinmu, holds 904,713,764 shares, accounting for 38.19% of the total shares, with 416,520,000 shares pledged[9] Other Financial Metrics - The weighted average return on equity decreased by 0.24 percentage points to 0.97% from 1.21% year-on-year[4] - Non-recurring gains and losses totaled CNY 5,022,774.59, primarily due to asset disposal gains and government subsidies[7] - The company experienced a 62.15% decrease in receivables financing, attributed to a reduction in discounted but not yet due bills[8] - Research and development expenses for Q1 2025 were ¥90,632,926.20, down from ¥105,482,545.80 in Q1 2024, indicating a decrease of 14.1%[18] - The company reported a net impairment loss of ¥32,346,309.96 in Q1 2025, compared to ¥36,805,169.63 in Q1 2024, showing a decrease of 12.5%[18] - Cash and cash equivalents increased to ¥552,245,239.47 as of March 31, 2025, up from ¥446,795,531.82 at the end of 2024, representing a growth of 23.5%[13] - The cash and cash equivalents at the end of Q1 2025 were ¥450,567,870.86, down from ¥523,308,504.03 at the end of Q1 2024[22] - The company reported a decrease in sales revenue from goods and services, with cash received totaling ¥1,745,029,659.71 in Q1 2025, down 14.3% from ¥2,036,294,769.84 in Q1 2024[21]