Core Viewpoint - New Aluminum Era (301613) reported strong financial performance for Q1 2025, with significant increases in revenue and net profit compared to the same period last year [1] Financial Performance - Total revenue for Q1 2025 reached 630 million yuan, a year-on-year increase of 69.89% [1] - Net profit attributable to shareholders was 52.648 million yuan, up 20.67% year-on-year [1] - The gross profit margin was 20.9%, down 17.33% year-on-year, while the net profit margin was 8.92%, a decrease of 26.86% [1] - Total expenses (selling, administrative, and financial) amounted to 34.41 million yuan, accounting for 5.46% of revenue, a decrease of 7.83% year-on-year [1] Cash Flow and Debt Situation - The company has a significant amount of accounts receivable, with accounts receivable accounting for 144.48% of the latest annual net profit [1][2] - Cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 23.93% and average operating cash flow over the past three years being -61.46% [2] Shareholder Information - The largest fund holding New Aluminum Era is the Hua Bao S&P China A-Share Dividend Opportunity ETF, with a current scale of 188 million yuan and a recent net value increase of 0.4% [3]
新铝时代2025年一季报简析：营收净利润同比双双增长，公司应收账款体量较大