Avic Hi-Tech(600862)2025-04-25 13:38Revenue and Profit - The company reported a revenue of CNY 1,401,382,650.48 for the first quarter, representing a year-on-year increase of 6.38% compared to CNY 1,317,318,462.93 in the same period last year[4]. - Net profit attributable to shareholders was CNY 357,806,056.28, a 1.93% increase from CNY 351,024,378.20 in the previous year[4]. - The basic and diluted earnings per share were both CNY 0.257, reflecting a 1.98% increase from CNY 0.252 in the previous year[4]. - Net profit for Q1 2025 was ¥360,628,946.39, slightly higher than ¥354,000,329.38 in Q1 2024, indicating a growth of 1.1%[22]. - Operating profit for Q1 2025 was ¥424,331,882.75, compared to ¥416,240,500.98 in Q1 2024, showing an increase of 1.3%[22]. - The total comprehensive income for the current period is approximately ¥355.75 million, compared to ¥354.00 million in the previous period, indicating a slight increase of about 0.5%[23]. Cash Flow - The cash flow from operating activities decreased significantly by 68.26%, amounting to CNY 77,802,945.42 compared to CNY 245,094,355.89 in the same period last year[4]. - Net cash flow from operating activities decreased by CNY 167.29 million compared to the same period last year, primarily due to a decrease in receivables from major clients[10]. - The net cash flow from operating activities for the current period is ¥77.80 million, a decrease of approximately 68.3% from ¥245.09 million in the previous period[26]. - The total cash inflow from operating activities is approximately ¥533.77 million, down from ¥681.50 million in the previous period, a decrease of about 21.7%[26]. - The total cash outflow from operating activities is approximately ¥455.97 million, compared to ¥436.41 million in the previous period, indicating an increase of about 4.5%[26]. - The net cash flow from investing activities is negative at approximately -¥139.53 million, compared to -¥82.08 million in the previous period, indicating a significant increase in cash outflow[27]. - The net cash flow from financing activities is negative at approximately -¥35.06 million, compared to -¥3.04 million in the previous period, showing a larger cash outflow in financing[27]. - The cash and cash equivalents at the end of the period amount to approximately ¥1.53 billion, down from ¥1.11 billion at the end of the previous period, reflecting a decrease of about 30.5%[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,150,165,050.09, an increase of 8.06% from CNY 9,392,667,548.51 at the end of the previous year[5]. - Current assets totaled ¥7,465,303,726.98 as of March 31, 2025, compared to ¥6,763,330,129.38 at the end of 2024, representing an increase of 10.4%[18]. - Non-current assets increased to ¥2,684,861,323.11 as of March 31, 2025, from ¥2,629,337,419.13 at the end of 2024, marking a growth of 2.1%[17]. - Total liabilities as of March 31, 2025, were ¥2,284,242,721.88, compared to ¥1,888,561,448.52 at the end of 2024, reflecting an increase of 20.9%[18]. - Shareholder equity rose to ¥7,865,922,328.21 as of March 31, 2025, from ¥7,504,106,099.99 at the end of 2024, indicating a growth of 4.8%[18]. Business Segments - The aerospace new materials business generated revenue of CNY 138,975.83 million, up 6.47% from CNY 130,530.91 million in the same period last year, driven by increased product deliveries[5]. - The equipment business saw a remarkable revenue increase of 242.20%, achieving CNY 1,259.69 million compared to CNY 368.11 million in the previous year[5]. - The net profit from the aerospace new materials business was CNY 37,633.88 million, a 3.06% increase from CNY 36,517.07 million in the previous year[6]. Investment and Expenses - The company reported a significant decrease in investment income from associates, amounting to CNY -1,001.66 million, down from CNY 106.16 million in the previous year[6]. - Research and development expenses for Q1 2025 were ¥41,624,736.82, compared to ¥33,165,606.56 in Q1 2024, representing an increase of 25.5%[22]. - Other income increased by CNY 95.98 million compared to the same period last year, mainly due to benefits from VAT tax reduction policies[10]. - Investment income decreased by CNY 10.78 million compared to the same period last year, primarily due to the recognition of investment income from an associate[10].