西部建设(002302) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,738,200,631.18, a decrease of 7.59% compared to ¥4,045,319,436.57 in the same period last year[4]. - The net profit attributable to shareholders was -¥253,719,267.28, representing a decline of 121.99% from -¥114,290,964.83 year-on-year[4]. - The basic earnings per share decreased by 122.10% to -¥0.2010 from -¥0.0905 in the previous year[4]. - Total operating revenue for the current period is $3,738.20 million, down from$4,045.32 million in the previous period, representing a decrease of approximately 7.6%[18]. - The net loss for the current period is $268.71 million, compared to a net loss of$110.29 million in the previous period, indicating a worsening of approximately 143%[19]. - The total comprehensive loss for the current period is $266.67 million, compared to a loss of$109.25 million in the previous period, reflecting an increase in losses of approximately 143%[19]. Cash Flow and Financing - Cash flow from operating activities showed an improvement, with a net outflow of -¥1,301,443,945.92, which is 19.65% better than -¥1,619,623,195.03 in the same period last year[4]. - Operating cash flow for the current period is negative at $1,301.44 million, an improvement from negative$1,619.62 million in the previous period[21]. - The company generated $2,530.52 million in cash inflows from operating activities, slightly up from$2,484.90 million in the previous period[21]. - The net cash flow from financing activities improved to $62.19 million from a negative$11.43 million in the previous period[22]. - The cash received from borrowings increased by 275.71%, indicating a significant rise in borrowing activities during the reporting period[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥33,247,832,756.38, a decrease of 0.75% from ¥33,498,060,191.24 at the end of the previous year[4]. - The company's current assets totaled CNY 27,744,434,513.73, slightly down from CNY 27,952,051,012.50[14]. - Total liabilities stood at CNY 22,788,053,508.62, a slight increase from CNY 22,779,552,443.76[16]. - The company's equity attributable to shareholders decreased to CNY 9,232,700,465.59 from CNY 9,481,347,402.08, reflecting a decline of approximately 2.6%[16]. - The company's total liabilities to equity ratio is approximately 2.34, indicating a leveraged position[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 64,549, with no preferred shareholders[11]. - The largest shareholder, China State Construction Engineering Corporation, holds a 31.43% stake in the company[11]. Other Income and Expenses - The company reported a significant increase in other income, which grew by 86.09% due to an increase in government subsidies related to operating activities[8]. - The company experienced a 100.00% increase in special reserves due to the accrual of safety fees[8]. - Research and development expenses increased to $84.04 million from$80.40 million, showing a growth of about 4.5%[18]. Inventory and Receivables - The accounts receivable increased to CNY 23,827,994,681.53 from CNY 22,655,106,300.45, indicating a growth of approximately 5.2%[14]. - The company's inventory rose to CNY 451,780,898.84 from CNY 387,413,510.74, indicating an increase of approximately 16.6%[14]. - The company's cash and cash equivalents decreased to CNY 2,160,068,993.62 from CNY 3,488,114,373.90, representing a decline of about 38.0%[14]. - Cash and cash equivalents at the end of the period decreased to $2,005.27 million from$2,117.19 million, a decline of approximately 5.3%[22].