SANY(600031)2025-04-29 08:48Revenue and Profitability - The company's operating revenue for Q1 2025 reached CNY 21,049,036 thousand, representing a year-on-year increase of 19.18% compared to CNY 17,662,094 thousand in the same period last year[5] - Net profit attributable to shareholders of the listed company was CNY 2,471,239 thousand, a significant increase of 56.40% from CNY 1,580,101 thousand in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,403,303 thousand, reflecting a year-on-year growth of 78.54%[5] - Total revenue for Q1 2025 reached RMB 21,176,768 thousand, an increase of 18.5% compared to RMB 17,830,224 thousand in Q1 2024[20] - Operating profit for Q1 2025 was RMB 2,890,341 thousand, up 56.0% from RMB 1,851,942 thousand in Q1 2024[20] - Net profit for Q1 2025 amounted to RMB 2,502,299 thousand, representing a growth of 54.1% compared to RMB 1,623,295 thousand in Q1 2024[20] - The total comprehensive income for Q1 2025 reached 2,824,478 thousand RMB, up 93.2% from 1,464,560 thousand RMB in Q1 2024[21] Earnings Per Share - The basic earnings per share (EPS) increased to CNY 0.2921, up 56.45% from CNY 0.1867 in the same period last year[6] - The diluted EPS also stood at CNY 0.2921, marking a 56.45% increase year-on-year[6] - Basic and diluted earnings per share for Q1 2025 were both 0.2921 RMB, compared to 0.1867 RMB in Q1 2024, reflecting a 56.5% increase[21] Cash Flow and Financial Management - The net cash flow from operating activities was CNY 4,412,691 thousand, showing a slight increase of 0.81% compared to CNY 4,377,294 thousand in the previous year[6] - Operating cash flow for Q1 2025 was 4,412,691 thousand RMB, slightly up from 4,377,294 thousand RMB in Q1 2024[23] - Cash received from sales of goods and services in Q1 2025 was 20,591,901 thousand RMB, a 20.5% increase from 17,124,005 thousand RMB in Q1 2024[22] - The company reported a net cash outflow from investing activities of -4,499,591 thousand RMB in Q1 2025, compared to -2,656,698 thousand RMB in Q1 2024[23] - The company reported a net cash outflow from operating activities of CNY -3,515,888 thousand in Q1 2025, compared to CNY -2,794,739 thousand in Q1 2024, indicating worsening cash flow[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 153,838,157 thousand, an increase of 1.11% from CNY 152,145,076 thousand at the end of the previous year[6] - Total assets as of March 31, 2025, were RMB 153,838,157 thousand, a slight increase from RMB 152,145,076 thousand as of December 31, 2024[16] - Current assets totaled RMB 103,120,671 thousand, up from RMB 101,505,319 thousand at the end of 2024, reflecting a growth of 1.6%[16] - Total liabilities decreased to RMB 77,894,782 thousand from RMB 79,143,477 thousand, indicating a reduction of 1.6%[17] - The total liabilities decreased from CNY 24,654,527 thousand as of December 31, 2024, to CNY 18,373,099 thousand as of March 31, 2025, a reduction of approximately 25.5%[27] - The company’s total liabilities decreased to 13,121,794 thousand RMB as of March 31, 2025, from 19,294,986 thousand RMB at the end of 2024[26] Shareholders' Equity - The equity attributable to shareholders of the listed company was CNY 74,871,996 thousand, reflecting a year-on-year increase of 4.06%[6] - Shareholders' equity rose to RMB 75,943,375 thousand from RMB 73,001,599 thousand, marking an increase of 4.0%[17] - The total equity increased slightly from CNY 22,708,356 thousand as of December 31, 2024, to CNY 22,807,008 thousand as of March 31, 2025, an increase of 0.4%[27] Research and Development - Research and development expenses for Q1 2025 were RMB 1,057,971 thousand, down from RMB 1,293,539 thousand in Q1 2024, a decrease of 18.2%[20] - Research and development expenses for Q1 2025 were CNY 63,212 thousand, down 24.8% from CNY 83,882 thousand in Q1 2024[30] Financial Costs - The company reported a financial cost of RMB -369,846 thousand in Q1 2025, compared to RMB 155,429 thousand in Q1 2024, indicating a significant improvement in financial management[20] - The financial expenses for Q1 2025 were CNY -52,025 thousand, a significant improvement compared to CNY 10,495 thousand in Q1 2024, indicating a reduction in financial costs[30] Investment Income - The company achieved investment income of CNY 89,432 thousand in Q1 2025, a decrease of 75.2% compared to CNY 359,417 thousand in Q1 2024[30] - The company reported a significant increase in cash inflow from investment activities, totaling CNY 4,638,692 thousand in Q1 2025, compared to CNY 3,191,393 thousand in Q1 2024, an increase of 45.4%[33] Non-Recurring Gains and Losses - Non-recurring gains and losses for the period totaled CNY 67,936 thousand, with significant contributions from government subsidies and other income[10]