太极集团(600129) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,828,016,217.23, a decrease of 32.79% compared to ¥4,207,673,289.91 in the same period last year[4] - Net profit attributable to shareholders was ¥74,544,042.01, down 69.80% from ¥246,838,634.18 year-on-year[4] - The basic earnings per share decreased by 70.45%, from ¥0.44 to ¥0.13[4] - Total operating revenue for Q1 2025 was approximately ¥2.83 billion, a decrease of 32.7% compared to ¥4.21 billion in Q1 2024[16] - Net profit for Q1 2025 was approximately ¥75.14 million, a decline of 69.8% from ¥249.14 million in Q1 2024[17] - Basic earnings per share for Q1 2025 were ¥0.13, compared to ¥0.44 in Q1 2024, reflecting a decrease of 70.5%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,187,886,342.44, an increase of 0.93% from ¥14,057,759,232.64 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to CNY 6,779,318,522.09, showing a slight increase from CNY 6,704,246,213.35 as of December 31, 2024[11] - Total liabilities as of March 31, 2025, were CNY 10,481,254,404.95, slightly up from CNY 10,424,314,127.00[13] - The company's total assets increased to CNY 14,187,886,342.44 from CNY 14,057,759,232.64, marking a growth of about 0.9%[12] - The company's total equity rose to CNY 3,706,631,937.49 from CNY 3,633,445,105.64, indicating an increase of about 2.0%[13] Cash Flow - The net cash flow from operating activities was negative at -¥164,614,854.87, slightly improved from -¥166,876,620.52 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at approximately -¥164.61 million, slightly improved from -¥166.88 million in Q1 2024[19] - Cash flow from investing activities for Q1 2025 was negative at approximately -¥167.32 million, compared to -¥203.57 million in Q1 2024[20] - Cash flow from financing activities for Q1 2025 was positive at approximately ¥211.06 million, a significant improvement from -¥83.34 million in Q1 2024[20] - The ending cash and cash equivalents balance for Q1 2025 was approximately ¥559.89 million, down from ¥1.20 billion in Q1 2024[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,886[7] - The largest shareholder, Taiji Group Co., Ltd., holds 27.62% of the shares, amounting to 153,812,354 shares[8] Operational Adjustments - The company adjusted its marketing model, which contributed to the decline in sales revenue[4] - Research and development expenses for Q1 2025 were approximately ¥76.45 million, an increase of 36.8% from ¥55.89 million in Q1 2024[16] - Sales expenses for Q1 2025 were approximately ¥404.38 million, a decrease of 70.0% compared to ¥1.39 billion in Q1 2024[16] Other Financial Metrics - The weighted average return on net assets decreased by 4.48 percentage points, from 6.59% to 2.11%[4] - Non-recurring gains and losses totaled -¥5,897,102.37 for the period[6] - Accounts receivable increased significantly to CNY 2,619,049,182.59, up from CNY 2,089,551,541.83, indicating a growth of about 25.4%[11] - Inventory decreased to CNY 2,507,145,440.27 from CNY 2,726,720,129.18, reflecting a reduction of approximately 8.1%[11] - The long-term borrowings increased to CNY 313,487,097.82 from CNY 302,776,850.36, reflecting a growth of approximately 3.7%[13] - The company reported a decrease in other current liabilities to CNY 33,648,102.98 from CNY 37,053,887.57, a decline of about 9.8%[13]