QIANHE(603027)2025-04-15 13:15Financial Performance - The company's revenue for Q1 2025 was CNY 830,624,510.64, a decrease of 7.15% compared to CNY 894,581,762.80 in the same period last year[4] - Net profit attributable to shareholders was CNY 160,586,642.85, representing an increase of 3.67% from CNY 154,905,326.54 year-on-year[4] - The basic earnings per share for the period was CNY 0.1563, up 3.72% from CNY 0.1507 in the previous year[4] - The operating profit for Q1 2025 was CNY 189,170,619.73, up from CNY 181,226,153.89 in Q1 2024, reflecting a growth of 4.9%[20] - The total comprehensive income for Q1 2025 was CNY 160,586,642.85, compared to CNY 154,905,326.54 in Q1 2024, reflecting a growth of 3.9%[21] - The net profit for Q1 2025 was CNY 160,586,642.85, an increase of 3.9% compared to CNY 154,905,326.54 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,533,337,303.92, an increase of 1.19% from CNY 4,480,078,506.32 at the end of the previous year[5] - Total liabilities decreased to CNY 722.57 million from CNY 831.81 million year-over-year[16] - The company's total assets as of March 31, 2025, included cash and cash equivalents of CNY 1,343,219,575.51, compared to CNY 1,434,520,406.14 as of December 31, 2024[28] - The total equity attributable to shareholders of CNY 3,810,771,585.73, an increase of 4.45% from CNY 3,648,269,217.88 at the end of the previous year[5] Cash Flow - The net cash flow from operating activities was CNY 157,503,299.55, a decrease of 3.22% compared to CNY 162,741,045.01 in the same period last year[4] - The company incurred a net cash outflow from investing activities of CNY -259,706,275.72 in Q1 2025, compared to CNY -82,031,178.23 in Q1 2024[25] - The cash inflow from operating activities totaled ¥777.65 million, down from ¥897.98 million in Q1 2024[37] - The cash outflow for the purchase of fixed assets, intangible assets, and other long-term assets was 79,257,467.72, compared to 91,124,573.43 previously, showing a reduction in capital expenditures[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,352[10] - The largest shareholder, Wu Chaoqun, holds 40.67% of the shares, amounting to 417,963,379 shares[10] Investment and Projects - The company invested CNY 1.26 billion in a smart manufacturing project with an annual production capacity of 600,000 tons, expected to be completed by December 2024[12] - The first phase of the project, producing 200,000 tons of soy sauce and 100,000 tons of cooking wine, was completed and operational as of February 2023[12] Research and Development - Research and development expenses for Q1 2025 were CNY 19.73 million, a decrease from CNY 24.78 million in Q1 2024[19] - The company reported a financial income of ¥9.37 million from interest, compared to ¥11.52 million in the same period last year[34] Future Outlook - The company is set to implement new accounting standards starting in 2025, which may impact future financial reporting[39] - The company’s financial performance reflects challenges in cash flow management, particularly in investment and financing activities[38]