中贝通信(603220) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 549,481,574.60, a decrease of 24.67% compared to CNY 729,407,538.22 in the same period last year[4] - Net profit attributable to shareholders was CNY 18,816,794.40, down 59.49% from CNY 46,454,227.23 year-on-year[4] - The basic earnings per share decreased by 59.53% to CNY 0.0433 from CNY 0.1070 in the previous year[5] - The weighted average return on equity fell to 0.92%, a decrease of 1.45 percentage points compared to 2.37% last year[5] - Net profit for Q1 2025 was CNY 16,966,252.67, a decline of 64.5% from CNY 47,825,371.57 in Q1 2024[20] - The total comprehensive income for Q1 2025 was CNY 19,071,346.75, down 58.9% from CNY 46,327,377.83 in Q1 2024[21] Revenue and Costs - Total operating costs for Q1 2025 were CNY 542,992,932.82, down 19.5% from CNY 674,823,259.43 in Q1 2024[19] - Revenue from the 5G new infrastructure business decreased by 27.53%, primarily due to delays in contract signing for key projects[7] - The smart computing business achieved revenue of CNY 135 million, a significant increase of 972.79% year-on-year[7] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,968,894,999.52, a decline of 1.47% from CNY 8,088,088,584.50 at the end of the previous year[5] - The total current assets amount to ¥3,608,033,130.31, a decrease from ¥3,722,973,768.18 in the previous period[14] - The total liabilities are reported at ¥3,729,914,966.87, slightly down from ¥3,765,084,223.84[15] - Total liabilities as of the end of the reporting period were CNY 5,827,444,752.51, a decrease from CNY 5,970,579,728.07[16] - Total equity increased to CNY 2,141,450,247.01 from CNY 2,117,508,856.43, reflecting a growth of 1.1%[16] Cash Flow - The cash flow from operating activities was a net outflow of CNY 93,892,575.47, an improvement from a net outflow of CNY 345,366,363.13 in the same period last year[4] - Cash received from sales and services in Q1 2025 was CNY 908,132,469.57, an increase of 25.4% from CNY 724,292,175.56 in Q1 2024[23] - The net cash flow from operating activities was -93,892,575.47, compared to -345,366,363.13 in the previous period, indicating an improvement[24] - Total cash inflow from financing activities was 823,862,000.00, up from 675,000,000.00, reflecting increased borrowing[25] - The net cash flow from financing activities was 102,059,971.96, a decrease from 383,344,496.16, suggesting reduced net financing[25] - Cash and cash equivalents at the end of the period totaled 550,713,029.69, down from 1,142,279,499.05, indicating a significant decline in liquidity[25] Investments and Expenses - The company is currently in a capacity ramp-up phase for its new energy battery production line, which has led to significant asset and R&D investments affecting current profits[7] - Research and development expenses for Q1 2025 were CNY 21,890,767.53, up 9.9% from CNY 19,921,471.76 in Q1 2024[20] - The total cash outflow from investing activities was 200,756,966.41, compared to 795,861,748.64 in the previous period, showing a reduction in investment expenditures[24] - The net cash flow from investing activities was -199,657,755.68, an improvement from -795,854,406.64, indicating better cash management in investments[24] Shareholder Information - The largest shareholder, Li Liubing, holds 94,598,177 shares, representing 21.78% of the total shares[10] - The company has a total of 21,698,783 shares held by Shanghai Jingge Private Fund Management Partnership, accounting for 4.99% of the total shares[10] Other Financial Metrics - Financial expenses increased by over CNY 22 million, impacting the current period's profit[7] - The company reported a net exchange gain of CNY 1,606,729.78 in Q1 2025, compared to a loss of CNY 1,386,784.31 in Q1 2024[21] - The impact of exchange rate changes on cash and cash equivalents was 2,898,488.89, compared to -526,103.61, indicating a positive effect from currency fluctuations[25] - The company received tax refunds amounting to 133,959.42, compared to 3,204,653.69 previously, reflecting a decrease in tax recovery[24] - Cash paid for purchasing goods and services was 848,690,196.16, down from 956,060,531.97, indicating a reduction in operational costs[24] - The cash paid to employees was 94,507,195.47, slightly lower than 98,441,346.61, suggesting stable payroll management[24]