BYE(603861)2025-04-29 15:28Financial Performance - The company's operating revenue for Q1 2025 was CNY 975,945,657.89, representing a 4.68% increase compared to CNY 932,274,542.15 in the same period last year[3]. - Net profit attributable to shareholders was CNY 36,643,128.03, up 11.47% from CNY 32,871,852.91 year-on-year[3]. - Operating profit for Q1 2025 was CNY 46,815,362.92, compared to CNY 38,060,807.50 in Q1 2024, indicating a growth of 23.1%[17]. - The net profit for Q1 2025 was CNY 38,629,163.62, an increase of 20.5% compared to CNY 32,124,942.63 in Q1 2024[18]. - The company’s total comprehensive income for Q1 2025 was CNY 38,629,163.62, reflecting a strong performance compared to CNY 32,124,942.63 in Q1 2024[18]. Cash Flow and Liquidity - The net cash flow from operating activities decreased to -CNY 248,185,115.29, compared to -CNY 93,678,459.65 in the previous year, indicating increased inventory and procurement payments[3][6]. - The net cash flow from operating activities for Q1 2025 was -CNY 248,185,115.29, compared to -CNY 93,678,459.65 in Q1 2024, indicating a worsening cash flow situation[21]. - Cash and cash equivalents decreased to CNY 257,930,365.28 as of March 31, 2025, down from CNY 575,378,260.44 at the end of 2024, a decline of 55.2%[12]. - The cash and cash equivalents at the end of Q1 2025 were CNY 181,957,308.20, a decrease from CNY 422,114,327.86 at the end of Q1 2024[22]. - The company reported a net cash outflow from investing activities of -CNY 53,455,257.69 in Q1 2025, compared to a net inflow of CNY 62,757,213.31 in Q1 2024[22]. - The total cash inflow from financing activities in Q1 2025 was CNY 409,252,966.22, an increase from CNY 321,312,537.58 in Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,893,670,953.58, a decrease of 1.15% from CNY 10,008,656,390.82 at the end of the previous year[4]. - Total assets amounted to CNY 9,893,670,953.58 as of March 31, 2025, a decrease from CNY 10,008,656,390.82 at the end of 2024, a decline of 1.1%[13]. - Total liabilities decreased to CNY 6,158,930,878.94 as of March 31, 2025, down from CNY 6,312,580,479.80 at the end of 2024, a reduction of 2.4%[14]. - Shareholders' equity increased to CNY 3,734,740,074.64 as of March 31, 2025, compared to CNY 3,696,075,911.02 at the end of 2024, an increase of 1.0%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,420[8]. - The top five shareholders collectively hold 66.66% of the company's shares, indicating a concentrated ownership structure[9]. - The company repurchased 2,526,438 shares, accounting for 0.51% of the total share capital[9]. Costs and Expenses - Total operating costs for Q1 2025 were CNY 925,410,331.43, slightly up from CNY 915,854,198.31 in Q1 2024, reflecting a cost increase of 1.6%[17]. - Research and development expenses for Q1 2025 were CNY 26,780,482.83, down from CNY 33,465,298.23 in Q1 2024, a decrease of 20.0%[17]. - The total operating expenses for Q1 2025 were CNY 769,289,931.02 after accounting policy adjustments, compared to CNY 758,953,447.53 before adjustments[22]. Earnings Per Share - Basic and diluted earnings per share decreased by 12.50% to CNY 0.07 from CNY 0.08 in the previous year[3]. - The company’s basic earnings per share for Q1 2025 was CNY 0.07, a decrease from CNY 0.08 in Q1 2024[18]. Non-Recurring Items - Non-recurring gains and losses amounted to CNY 808,098.25, primarily from government subsidies and the reversal of bad debt provisions[5].