中航光电(002179) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥4,838,670,554.50, representing a 20.56% increase compared to ¥4,013,364,008.24 in the same period last year[5] - Net profit attributable to shareholders decreased by 14.78% to ¥639,869,007.13 from ¥750,886,082.59 year-on-year[5] - Basic earnings per share fell by 15.75% to ¥0.3071 from ¥0.3645 in the same period last year[5] - Net profit for the current period was ¥672,834,432.98, a decrease of 15.3% from ¥794,083,090.36 in the previous period[22] - Total comprehensive income for the period was approximately ¥672.64 million, down from ¥793.88 million in the previous period, representing a decrease of about 15.2%[23] Cash Flow - The net cash flow from operating activities was negative at -¥1,125,953,208.39, a decline of 677.03% compared to -¥144,904,942.11 in the previous year[5] - Cash inflow from operating activities totaled approximately ¥4.04 billion, an increase from ¥3.83 billion year-over-year, representing a growth of about 5.5%[24] - Cash outflow for operating activities increased to approximately ¥5.16 billion from ¥3.97 billion, marking an increase of about 30.0%[25] - Investment activities resulted in a net cash outflow of approximately -¥536.73 million, compared to -¥334.86 million in the previous period, indicating a worsening investment cash flow situation[25] - Financing activities generated a net cash outflow of approximately -¥51.75 million, an improvement from -¥402.81 million in the previous period[25] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥41,148,948,457.87, a slight decrease of 0.24% from ¥41,246,813,453.82 at the end of the previous year[5] - Total liabilities decreased to ¥15,094,929,046.15 from ¥15,993,980,781.82, indicating a reduction of 5.6%[19] - The company's equity increased to ¥26,054,019,411.72 from ¥25,252,832,672.00, reflecting a growth of 3.2%[19] - The total current liabilities decreased to ¥13,840,827,994.81 from ¥14,716,461,970.21, a reduction of 5.9%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,257, with the largest shareholder, China Aviation Technology Industry Company, holding 36.76% of shares[12] - The company reported a total of 30,969,843 shares held by the China Aerospace Science and Technology Corporation, representing 1.46% of total shares[13] - The top ten shareholders include China Life Insurance Company with 26,253,154 shares, accounting for 1.24% of total shares[13] - The total number of shares held by the top ten unrestricted shareholders amounts to 1,020,000,000 shares[14] Operating Costs and Expenses - The company reported a 33.87% increase in operating costs, amounting to ¥3,462,623,192.07, attributed to product structure adjustments and low output in some business areas during Q1[10] - Total operating costs amounted to ¥4,107,392,593.05, up 30.5% from ¥3,148,007,701.73 in the prior period[21] - Research and development expenses for the current period were ¥327,195,276.78, compared to ¥314,819,227.22 in the previous period, showing a slight increase[22] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased from 9,164,808,829.73 CNY to 7,437,083,050.18 CNY, a decline of approximately 18.9%[17] - The ending cash and cash equivalents balance was approximately ¥7.41 billion, down from ¥8.93 billion, reflecting a decrease of about 16.9%[25] Accounts Receivable and Prepayments - Accounts receivable increased from 12,648,487,050.26 CNY to 13,758,945,520.37 CNY, reflecting a growth of about 8.8%[17] - The company’s prepayments rose from 96,930,813.28 CNY to 123,520,826.95 CNY, indicating an increase of approximately 27.4%[17] Other Information - The company has not disclosed any significant new product developments or technological advancements during the reporting period[15] - There are no indications of market expansion or mergers and acquisitions reported in the latest conference call[15] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[15] - The company’s financial report indicates a stable liquidity position despite the decrease in cash reserves[17] - The company adjusted its accounting policy retroactively, impacting the operating costs and sales expenses by ¥212,177.24[23]