BYD(01211)2025-04-25 09:52Financial Performance - The company's operating revenue for Q1 2025 reached CNY 170.36 billion, representing a 36.35% increase compared to CNY 124.94 billion in the same period last year[7]. - Net profit attributable to shareholders was CNY 9.15 billion, a significant increase of 100.38% from CNY 4.57 billion year-on-year[7]. - The net profit excluding non-recurring items was CNY 8.17 billion, up 117.80% from CNY 3.75 billion in the previous year[7]. - Operating profit for the current period was RMB 11.02 billion, compared to RMB 5.80 billion in the previous period, reflecting an increase of about 90.5%[33]. - Net profit for the current period was RMB 9.44 billion, up from RMB 4.77 billion in the previous period, indicating a growth of approximately 97.9%[33]. - Total comprehensive income for the period reached RMB 9,201,223,000, a significant increase from RMB 4,345,442,000 in the previous period, representing a growth of approximately 112.5%[39]. - The total comprehensive income attributable to the parent company was RMB 8,912,083,000, compared to RMB 4,143,094,000 in the prior period, marking an increase of about 115%[39]. - Basic and diluted earnings per share both stood at RMB 3.12, up from RMB 1.57 in the previous period, reflecting a growth of approximately 98.7%[39]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 840.53 billion, reflecting a 7.30% increase from CNY 783.36 billion at the end of the previous year[7]. - The equity attributable to shareholders increased by 25.97% to CNY 233.36 billion from CNY 185.25 billion year-on-year[7]. - Total liabilities increased to RMB 594.37 billion from RMB 584.67 billion, marking a rise of about 1.2%[29]. - Current liabilities totaled RMB 505.80 billion, up from RMB 495.99 billion, which is an increase of approximately 2.4%[27]. - Long-term borrowings decreased to RMB 6.34 billion from RMB 8.26 billion, a reduction of about 23.3%[29]. - The total current assets increased to RMB 409.99 billion from RMB 370.57 billion, representing a growth of approximately 10.6%[23]. - Total non-current assets reached RMB 430.53 billion, compared to RMB 412.78 billion at the beginning of the year, marking an increase of about 4.3%[25]. Cash Flow - Cash flow from operating activities decreased by 16.10% to CNY 8.58 billion compared to CNY 10.23 billion in the same period last year[7]. - Cash inflows from operating activities totaled RMB 198,830,910,000, compared to RMB 131,281,926,000 in the previous period, indicating an increase of around 51.3%[42]. - Net cash flow from operating activities was RMB 8,580,961,000, down from RMB 10,227,984,000 in the prior period, a decrease of about 16.1%[42]. - Cash inflows from financing activities reached RMB 44,397,684,000, significantly higher than RMB 12,703,500,000 in the previous period, an increase of about 249.5%[46]. - Net cash flow from financing activities was RMB 38,000,266,000, a substantial improvement from RMB -5,183,543,000 in the prior period[46]. - Cash outflows from investment activities amounted to RMB 43,490,417,000, compared to RMB 27,860,811,000 in the previous period, representing an increase of approximately 56.2%[44]. - Net cash flow from investment activities was negative at RMB -32,739,721,000, worsening from RMB -27,269,598,000 in the prior period[44]. Research and Development - Research and development expenses rose by 34.04% to CNY 14.22 billion, driven by increased personnel costs and material consumption[12]. - Research and development expenses for the current period were RMB 14.22 billion, compared to RMB 10.61 billion in the previous period, reflecting an increase of approximately 33.5%[31]. Inventory and Receivables - Inventory increased by 33.04% to CNY 154.37 billion, attributed to increased market orders[11]. - Inventory levels increased significantly to RMB 154.37 billion from RMB 116.04 billion, reflecting a rise of approximately 32.9%[23]. - The accounts receivable decreased to RMB 53.18 billion from RMB 62.30 billion, showing a decline of about 14.6%[23]. - The company reported a significant increase in long-term construction projects, which rose to RMB 25.67 billion from RMB 19.95 billion, reflecting a growth of approximately 28.7%[25]. - The company’s long-term equity investments increased to RMB 19.63 billion from RMB 19.08 billion, indicating a growth of about 2.9%[25]. Shareholder and Capital Structure - The company issued a total of 129.8 million new H-shares to enhance its capital structure and attract high-quality institutional investors[21]. - The company has optimized its shareholder base and improved its asset-liability structure through the recent issuance of new shares[21]. - The weighted average return on equity improved to 4.37%, up from 3.24% in the previous year[7]. - Cash and cash equivalents rose to RMB 117.41 billion, up from RMB 102.74 billion, indicating an increase of about 14.2%[23]. - The ending balance of cash and cash equivalents was RMB 116,218,612,000, up from RMB 86,178,748,000 in the previous period, reflecting an increase of approximately 35%[48].