长电科技(600584) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥9,335,146,486.99, representing a 36.44% increase compared to ¥6,842,026,206.64 in the same period last year[4] - Net profit attributable to shareholders was ¥203,363,562.72, up 50.39% from ¥135,226,452.63 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 79.26%, amounting to ¥193,070,976.37 compared to ¥107,701,759.54 in the previous year[4] - Basic and diluted earnings per share were both ¥0.11, reflecting a 37.50% increase from ¥0.08 in the same quarter last year[4] - Total operating revenue for Q1 2025 reached ¥9,335,146,486.99, a 36.4% increase from ¥6,842,026,206.64 in Q1 2024[18] - Net profit for Q1 2025 was ¥203,899,562.56, representing a 52.4% increase compared to ¥133,767,279.46 in Q1 2024[18] - Earnings per share for Q1 2025 were ¥0.11, compared to ¥0.08 in Q1 2024[19] - The company reported a total comprehensive income of ¥189,177,109.56 for Q1 2025, compared to ¥146,218,555.12 in Q1 2024, marking a 29.4% increase[19] Cash Flow and Investments - The net cash flow from operating activities was ¥1,144,458,791.99, a decrease of 16.62% compared to ¥1,372,653,089.02 in the same period last year[4] - Cash inflow from investment activities totaled ¥5,882,988,885.44, compared to ¥4,266,102,089.14, marking an increase of about 37.9%[23] - Net cash outflow from investment activities was ¥2,625,616,643.90, worsening from a net outflow of ¥366,976,169.73 in the prior period[23] - Cash inflow from financing activities was ¥1,922,980,489.76, down from ¥3,049,158,845.86, indicating a decline of approximately 37.0%[23] - Net cash flow from financing activities was ¥1,046,029,793.54, a decrease of 36.4% compared to ¥1,644,823,534.40 in the previous period[23] - The ending balance of cash and cash equivalents was ¥8,886,726,692.17, down from ¥9,977,498,184.58, reflecting a decrease of about 10.9%[23] - Cash received from investment recoveries was ¥5,850,000,000.00, an increase from ¥4,250,000,000.00, showing a growth of 37.5%[22] - Total cash outflow for investment activities reached ¥8,508,605,529.34, significantly higher than ¥4,633,078,258.87, indicating an increase of approximately 83.5%[23] - The company reported a foreign exchange impact of -¥20,057,165.36 on cash and cash equivalents, contrasting with a positive impact of ¥2,099,879.03 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥52,824,212,162.14, down 2.29% from ¥54,059,828,326.10 at the end of the previous year[5] - Total liabilities decreased to ¥23,092,548,607.37 in Q1 2025 from ¥24,517,183,369.86 in Q1 2024, a reduction of approximately 5.8%[16] - Total equity increased to ¥29,731,663,554.77 in Q1 2025 from ¥29,542,644,956.24 in Q1 2024, reflecting a growth of about 0.6%[16] - The company's total assets decreased from RMB 54,059,828,326.10 to RMB 52,824,212,162.14, indicating a decline of approximately 2.3%[15] - The total current assets decreased from RMB 22,191,760,280.19 as of December 31, 2024, to RMB 20,894,216,733.81 as of March 31, 2025, reflecting a decline of approximately 5.8%[14] - Cash and cash equivalents decreased from RMB 9,341,911,915.90 to RMB 8,886,726,692.17, a reduction of about 4.9%[14] - The company’s long-term equity investments slightly decreased from RMB 821,492,564.24 to RMB 801,761,262.98, a reduction of about 2.4%[15] - The company’s inventory decreased from RMB 3,792,359,920.18 to RMB 3,604,149,166.12, a decline of approximately 5%[14] - The company reported a short-term loan increase from RMB 1,637,660,932.39 to RMB 1,834,449,050.55, an increase of about 12%[15] - The company’s long-term borrowings increased to ¥8,077,410,544.61 in Q1 2025 from ¥7,003,086,437.92 in Q1 2024, an increase of approximately 15.4%[16] Shareholder Information - The company reported a total of 323,461 common shareholders at the end of the reporting period[9] - The top shareholder, Panstone Runqi (Shenzhen) Information Management Co., Ltd., holds 403,122,922 shares, accounting for 22.53% of the total shares[9] Business Strategy and Operations - The company plans to continue focusing on advanced technologies and key application markets while optimizing its business structure and supply chain layout[11] - The company aims to maintain a resilient and sustainable supply chain while closely monitoring international trade developments[11] - The company reported a year-on-year revenue growth of 92.9% in computing electronics, 66.0% in automotive electronics, and 45.8% in industrial and medical electronics due to the integration of Shengdie Semiconductor (Shanghai) Co., Ltd.[11] - The company completed the acquisition of 80% equity in Shengdie Semiconductor for approximately USD 62.4 million, with the transaction finalized on September 28, 2024[12] Research and Development - Research and development expenses for Q1 2025 were ¥459,145,497.07, an increase of 20.5% from ¥380,993,841.09 in Q1 2024[18] - Financial expenses rose significantly to ¥89,098,747.81 in Q1 2025 from ¥8,020,325.61 in Q1 2024, indicating a substantial increase[18]