CEI(688128)2025-04-28 11:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,134,158,576.40, representing a 29.64% increase compared to CNY 874,834,465.34 in the same period last year[3] - Net profit attributable to shareholders was CNY 126,378,282.28, an increase of 80.07% from CNY 70,182,073.07 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 122,729,948.46, up 113.77% from CNY 57,410,886.34 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.31, reflecting an increase of 82.35% compared to CNY 0.17 in the same quarter last year[3] - Operating income for Q1 2025 was ¥753,502,653.27, reflecting a rise of 29.6% from ¥581,036,981.72 in Q1 2024[15] - The company reported a net profit margin improvement, with net income figures to be detailed in future reports[15] - The company's net profit for Q1 2025 reached CNY 125,151,696.13, a significant increase from CNY 69,512,464.77 in Q1 2024, representing an increase of approximately 80.2%[16] - Operating profit for Q1 2025 was CNY 145,771,875.67, compared to CNY 73,457,508.00 in the same period last year, indicating an increase of about 98.5%[16] - The total comprehensive income for Q1 2025 was CNY 131,052,720.79, compared to CNY 75,043,709.78 in Q1 2024, indicating an increase of about 74.7%[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,295,327,199.20, a decrease of 1.51% from CNY 7,407,451,702.02 at the end of the previous year[4] - Current assets totaled ¥5,331,728,746.62 as of March 31, 2025, down 4.6% from ¥5,590,266,207.88 on December 31, 2024[12] - Non-current assets increased to ¥1,963,598,452.58 as of March 31, 2025, compared to ¥1,817,185,494.14 on December 31, 2024, marking an 8.0% growth[12] - Total liabilities were ¥3,915,507,253.96 as of March 31, 2025, down 5.9% from ¥4,158,684,477.57 on December 31, 2024[12] - Shareholders' equity increased to ¥3,379,819,945.24 as of March 31, 2025, compared to ¥3,248,767,224.45 on December 31, 2024, reflecting a growth of 4.0%[13] - The company's total liabilities decreased from CNY 928,545,244.22 on December 31, 2024, to CNY 760,215,076.63 on March 31, 2025, a decrease of about 18.2%[23] Cash Flow - The company reported a net cash flow from operating activities of CNY -100,527,672.40, an improvement from CNY -244,083,006.75 in the same period last year[3] - Cash flow from operating activities in Q1 2025 was CNY 141,135,264.98, down from CNY 407,265,808.45 in Q1 2024, indicating a decline of approximately 65.4%[26] - The company incurred financial expenses of CNY -5,869,752.52 in Q1 2025, an improvement from CNY -7,986,387.46 in Q1 2024[16] - The net cash flow from operating activities was -120.10 million in the previous period[27] - Total cash outflow from operating activities amounted to 287.16 million last year[27] Research and Development - Research and development expenses totaled CNY 93,615,571.66, accounting for 8.25% of operating revenue, down from 9.76% in the previous year[4] - Research and development expenses increased to CNY 93,615,571.66 in Q1 2025 from CNY 85,380,824.64 in Q1 2024, marking an increase of about 9.4%[16] - Research and development expenses rose to CNY 37,548,572.56 in Q1 2025, up 30.8% from CNY 28,702,142.96 in Q1 2024[24] Shareholder Information - The top shareholder, China National Machinery Industry Corporation, holds 47.33% of the shares, with a total of 191,430,000 shares[7] Government Subsidies - The company received government subsidies amounting to CNY 3,450,749.27, which are closely related to its normal operations[5] Future Outlook - Future outlook includes plans for market expansion and potential new product launches, although specific details were not disclosed in the current report[15] Accounting Standards - The company will not apply new accounting standards starting from 2025[28]