CATEC(600879)2025-04-28 09:30Financial Performance - The company's operating revenue for Q1 2025 was ¥1,700,401,957.41, a decrease of 55.41% compared to ¥3,813,786,521.08 in the same period last year[4] - Net profit attributable to shareholders was ¥29,716,968.33, down 79.22% from ¥143,003,007.95 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,561,954.23, reflecting an 88.03% decline from ¥121,637,268.22 in the previous year[4] - Basic and diluted earnings per share were both ¥0.009, a decrease of 79.07% from ¥0.043 in the previous year[4] - The company reported a total comprehensive income of ¥12,284,698.65 for Q1 2025, down from ¥116,871,022.19 in Q1 2024[20] - Net profit for Q1 2025 was ¥7,287,765.21, a decline of 95.3% from ¥153,584,144.63 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was -¥1,468,594,431.91, worsening by 16.98% compared to -¥1,255,439,572.94 in the same period last year[4] - In Q1 2025, the cash inflow from operating activities was approximately 2.25 billion in Q1 2024[23] - The net cash outflow from operating activities in Q1 2025 was approximately -1.26 billion in Q1 2024, indicating a worsening cash flow situation[24] - The total cash outflow for operating activities in Q1 2025 was approximately 3.50 billion in Q1 2024[24] - The company reported a net cash flow from investing activities of approximately -206.81 million in Q1 2024, indicating improved investment cash flow management[24] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥46,168,762,931.72, a slight decrease of 0.19% from ¥46,254,486,263.85 at the end of the previous year[5] - The total liabilities as of the latest reporting period amounted to ¥22,021,046,838.14, slightly down from ¥22,127,376,028.95[15] - The total equity attributable to shareholders was ¥20,714,735,524.57, an increase from ¥20,679,160,651.17[15] - Total current assets as of March 31, 2025, amount to ¥38,587,569,770.03, slightly up from ¥38,560,563,252.83 on December 31, 2024[12] Shareholder Information - Total number of common shareholders at the end of the reporting period is 136,376[9] - The largest shareholder, China Aerospace Times Electronics Co., Ltd., holds 586,634,344 shares, accounting for 17.78% of total shares[9] Revenue and Costs - The decline in revenue was primarily due to project delivery delays, particularly at the subsidiary Aerospace Times Feihong Technology Co., which saw an 86.29% drop in revenue[7] - Total operating costs for Q1 2025 were ¥1,692,016,460.87, down 54.0% from ¥3,673,070,796.77 in Q1 2024[18] - Research and development expenses for Q1 2025 were ¥99,381,493.10, a decrease of 34.3% from ¥151,251,356.16 in Q1 2024[18] Future Outlook - The company anticipates that revenue recognition will gradually resume starting in the second half of 2025 as product deliveries are expected to commence in June 2025[7]