AYIS(SH:600569)2025-04-29 14:33Financial Performance - The company's operating revenue for Q1 2025 was CNY 7,443,574,570.49, a decrease of 12.51% compared to CNY 8,507,632,906.16 in the same period last year[4] - Net profit attributable to shareholders was CNY 18,291,831.47, a significant recovery from a loss of CNY 483,950,766.71 in the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 8,413,622.29, improving from a loss of CNY 498,160,821.65 year-on-year[4] - Basic and diluted earnings per share were both CNY 0.006, compared to a loss of CNY 0.168 per share in the previous year[4] - The weighted average return on equity increased to 0.69%, up 9.23 percentage points from -8.54% in the previous year[4] - Total operating revenue for Q1 2025 was ¥7,443,574,570.49, a decrease of 12.5% compared to ¥8,507,632,906.16 in Q1 2024[16] - Net profit for Q1 2025 was ¥15,690,157.31, compared to a net loss of ¥545,635,558.48 in Q1 2024[17] - The company's total equity increased to ¥4,525,529,684.77 from ¥4,420,823,873.19, reflecting a growth of 2.4%[14] - Operating profit for Q1 2025 was ¥111,665,759.04, a significant recovery from a loss of ¥790,990,419.08 in Q1 2024[24] - Net profit for Q1 2025 was ¥109,749,239.64, compared to a net loss of ¥593,106,314.51 in the same period last year[24] - The company’s total comprehensive income for Q1 2025 was ¥109,749,239.64, a recovery from a comprehensive loss of ¥593,106,314.51 in Q1 2024[24] Cash Flow - The net cash flow from operating activities was CNY 107,534,443.38, recovering from a negative cash flow of CNY 296,675,761.70 in the same period last year[4] - In Q1 2025, the company reported a net cash flow from operating activities of CNY 107,534,443.38, a significant improvement from a net outflow of CNY 296,675,761.70 in Q1 2024[19] - The company's net cash flow from investing activities was -CNY 339,293,070.37 in Q1 2025, worsening from -CNY 197,803,079.84 in Q1 2024[19] - The company’s cash inflow from financing activities in Q1 2025 was CNY 4,780,421,220.00, significantly higher than CNY 2,554,121,515.01 in Q1 2024[19] - Cash and cash equivalents at the end of Q1 2025 stood at CNY 528,993,807.21, up from CNY 1,248,708,752.59 at the end of Q1 2024[19] - Cash and cash equivalents at the end of Q1 2025 totaled ¥363,020,058.08, compared to ¥999,113,277.91 at the end of Q1 2024[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 44,818,561,820.33, an increase of 6.31% from CNY 42,159,583,297.84 at the end of the previous year[5] - The company's total assets increased to ¥44,818,561,820.33 in the current period from ¥42,159,583,297.84 in the previous period[14] - Current liabilities totaled ¥32,181,927,377.52, slightly up from ¥32,084,624,168.31 year-over-year[13] - Non-current liabilities rose to ¥8,111,104,758.04, compared to ¥5,654,135,256.34 in the previous year, indicating a significant increase of 43.3%[13] - The company's total liabilities increased to CNY 30,203,897,541.90 as of March 31, 2025, compared to CNY 28,813,282,134.05 at the end of 2024[22] - Total liabilities and shareholders' equity reached ¥34,036,696,383.29 as of Q1 2025, up from ¥32,530,416,646.99 in Q1 2024[23] Shareholder Information - The company had 87,817 common shareholders at the end of the reporting period[9] - The largest shareholder, Anyang Iron and Steel Group Co., Ltd., held 67.28% of the shares, with 790,000,000 shares pledged[9] Research and Development - Research and development expenses for Q1 2025 were ¥237,900,874.88, up from ¥219,118,280.48 in Q1 2024, indicating a focus on innovation[16] - Research and development expenses for Q1 2025 were ¥161,840,090.96, slightly down from ¥169,968,207.24 in Q1 2024, indicating a focus on efficiency[23] Inventory and Compensation - The company reported a significant decrease in employee compensation payable, down to ¥105,927,362.89 from ¥240,015,028.59[13] - The company’s inventory as of March 31, 2025, was CNY 7,027,560,942.53, up from CNY 6,550,615,573.04 at the end of 2024, reflecting a year-over-year increase of approximately 7.25%[21] Borrowings - The company’s long-term borrowings increased to ¥2,373,122,331.31 from ¥1,116,398,100.00, showing a strategic shift in financing[13] - The company raised ¥2,744,190,000.00 in borrowings during Q1 2025, compared to ¥1,628,000,000.00 in Q1 2024, showing increased financing activity[27]