YUEGUI(SZ:000833) Zheng Quan Zhi Xing·2025-04-28 23:01Core Viewpoint - Yuegui Co., Ltd. demonstrated strong performance in Q1 2025, with significant growth in revenue and net profit, indicating improved profitability and operational efficiency [2][7]. Financial Performance - The total operating revenue reached 682 million yuan, a year-on-year increase of 10.94% [2] - The net profit attributable to shareholders was 117 million yuan, a substantial year-on-year growth of 87.82% [2] - The net profit excluding non-recurring items was 116 million yuan, reflecting a year-on-year increase of 75.68% [2] Profitability - The gross profit margin stood at 34.01%, an increase of 26.43% year-on-year [3] - The net profit margin was 16.85%, with a year-on-year growth of 68.8% [3] Cost Control - Total operating expenses (selling, administrative, and financial expenses) amounted to 72.78 million yuan, accounting for 10.66% of revenue, which is a 6.81% increase compared to the same period last year [4] Assets and Cash Flow - Cash and cash equivalents were 942 million yuan, a decrease of 37.81% year-on-year [5] - Accounts receivable increased by 118.36%, reaching 15.91 million yuan [5] - Operating cash flow per share was -0.09 yuan, although it improved by 62.50% year-on-year, it remains negative [5] Debt Situation - Interest-bearing liabilities were 1.593 billion yuan, showing a slight decrease year-on-year [6] - The interest-bearing asset-liability ratio reached 25.44%, indicating a need for ongoing monitoring of the debt level's impact on operations [6] Summary - Overall, Yuegui Co., Ltd. exhibited strong profitability in Q1 2025, but faces challenges in cash flow management and debt control, necessitating further optimization of capital efficiency for sustainable growth [7]