Keda Group(600499)2025-04-28 10:10Financial Performance - The company's operating revenue for Q1 2025 reached RMB 376.69 million, a 47.05% increase compared to RMB 256.17 million in the same period last year[3]. - Net profit attributable to shareholders was RMB 34.69 million, reflecting an 11.38% increase from RMB 31.15 million year-on-year[3]. - The net profit excluding non-recurring gains and losses was RMB 32.30 million, up 17.13% from RMB 27.57 million in the previous year[3]. - The basic earnings per share increased to RMB 0.187, a rise of 13.33% from RMB 0.165 in the same period last year[3]. - The weighted average return on equity improved to 2.98%, an increase of 0.29 percentage points from 2.69%[3]. - For Q1 2025, the company achieved revenue of approximately 3.77 billion RMB, representing a year-on-year growth of 47.05%[9]. - The net profit attributable to shareholders for Q1 2025 was 347 million RMB, an increase of 11.38% compared to the same period last year, with an adjusted net profit of 412 million RMB excluding foreign exchange losses[9]. - The net profit for the first quarter of 2025 was CNY 52,133.68 million, an increase of 27.7% compared to CNY 40,785.17 million in the same period of 2024[19]. - Operating profit for the first quarter of 2025 reached CNY 58,151.23 million, up from CNY 45,404.90 million in the first quarter of 2024, reflecting a growth of 28.0%[19]. - Total revenue for the first quarter of 2025 was CNY 350,303.51 million, compared to CNY 295,632.69 million in the first quarter of 2024, indicating an increase of 18.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,819.53 million, a 4.62% increase from RMB 2,695.02 million at the end of the previous year[3]. - The total current assets as of March 31, 2025, amounted to approximately 14.19 billion RMB, an increase from 13.24 billion RMB at the end of 2024[13]. - The total liabilities as of March 31, 2025, were approximately 13.87 billion RMB, compared to 13.15 billion RMB at the end of 2024[15]. - The total equity attributable to shareholders reached approximately 11.79 billion RMB as of March 31, 2025, up from 11.48 billion RMB at the end of 2024[15]. Cash Flow and Expenses - The net cash flow from operating activities was RMB 9.14 million, down 12.03% from RMB 10.39 million year-on-year[3]. - The cash flow from operating activities for the first quarter of 2025 was CNY 9,139.92 million, a decrease from CNY 10,389.99 million in the first quarter of 2024[22]. - The company’s investment activities generated a net cash outflow of CNY 51,815.30 million in the first quarter of 2025, compared to a net outflow of CNY 9,986.40 million in the first quarter of 2024[23]. - Cash and cash equivalents at the end of the first quarter of 2025 totaled CNY 263,914.43 million, down from CNY 324,377.01 million at the end of the first quarter of 2024[23]. - The company’s financial expenses for the first quarter of 2025 were CNY 19,109.04 million, compared to a negative CNY 1,241.36 million in the first quarter of 2024, indicating a significant increase in financial costs[19]. - The company’s tax expenses for the first quarter of 2025 were CNY 5,651.01 million, an increase from CNY 4,229.90 million in the first quarter of 2024, reflecting a rise of 33.6%[19]. Business Operations and Strategy - The increase in operating revenue was primarily driven by a substantial rise in overseas building materials sales[5]. - The overseas building materials business saw significant revenue growth, benefiting from the expansion of glass business and optimized pricing strategies for ceramic products[9]. - The company is set to launch its ceramic project in Côte d'Ivoire within the year, while the glass project in Peru is progressing and expected to be operational by 2026[9]. - The ceramic machinery business experienced a slight decline in performance due to cyclical demand slowdown and adjustments in client investment rhythms[9]. - The company established a subsidiary in Brazil and is planning to set up another in Vietnam to enhance local operational capabilities[9]. - Blue Science Lithium, a company in which the company holds a 43.58% indirect stake, produced approximately 8,500 tons of lithium carbonate in Q1 2025, with revenue of 528 million RMB and a net profit of 207 million RMB[10]. Comprehensive Income - The company reported a total comprehensive income of CNY 49,177.20 million for the first quarter of 2025, slightly down from CNY 50,888.10 million in the same period of 2024[20]. - The basic and diluted earnings per share for the first quarter of 2025 were both CNY 0.187, compared to CNY 0.165 in the first quarter of 2024, representing a growth of 13.3%[20]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled RMB 2.39 million, with significant contributions from asset disposal and government subsidies[4].