Hundsun(600570)2025-04-29 12:18Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,025,881,877.64, a decrease of 13.62% compared to CNY 1,187,570,167.18 in the same period last year[5] - Net profit attributable to shareholders was CNY 31,334,213.72, a significant recovery from a loss of CNY 36,142,433.43 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 53.45% to CNY 9,994,720.70 from CNY 21,470,413.98[5] - Total operating revenue for Q1 2025 was ¥1,025,881,877.64, a decrease of 13.6% compared to ¥1,187,570,167.18 in Q1 2024[17] - Net profit for Q1 2025 was ¥39,118,936.01, compared to a net loss of ¥35,169,409.03 in Q1 2024[18] - Total comprehensive income for Q1 2025 was ¥33,971,090.28, recovering from a loss of ¥34,059,402.82 in Q1 2024[19] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 13,733,062,293.03, down 6.76% from CNY 14,728,811,676.92 at the end of the previous year[6] - As of March 31, 2025, the total assets of the company amounted to ¥13,733,062,293.03, a decrease from ¥14,728,811,676.92 as of December 31, 2024, reflecting a decline of approximately 6.76%[13][14] - The company's current assets totaled ¥4,513,558,632.06, down from ¥5,818,918,056.60, indicating a decrease of about 22.43%[14] - The company's total liabilities decreased from ¥5,321,737,442.65 to ¥4,286,207,714.20, a reduction of approximately 19.49%[15] - The total non-current assets increased from ¥8,909,893,620.32 to ¥9,219,503,660.97, reflecting a growth of approximately 3.47%[14] Cash Flow - The company reported a net cash flow from operating activities of -CNY 1,057,367,227.62, slightly improved from -CNY 1,146,466,605.83 in the previous year[5] - Cash flow from operating activities for Q1 2025 was -¥1,057,367,227.62, slightly improved from -¥1,146,466,605.83 in Q1 2024[21] - The net cash flow from investment activities was -286,398,408.53, a decrease from 273,399,792.77 in the previous period[22] - The net cash flow from financing activities was -33,169,453.99, an improvement from -63,450,309.83 in the previous period[22] - The net increase in cash and cash equivalents was -1,371,878,952.53, compared to -936,580,347.00 in the previous period[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 188,280[9] - The company distributed dividends and interest payments totaling 17,569,462.73, compared to 5,630,279.77 last year, indicating an increase in shareholder returns[22] Revenue Segments - The wealth technology service segment saw a revenue increase of 5.14% to CNY 23,533.83 million, while the asset management technology service segment decreased by 33.87% to CNY 18,721.94 million[8] Government Support - The company received government subsidies amounting to CNY 8,083,136.41, primarily related to special project funding[7] - The company recognized a non-recurring gain of CNY 21,339,493.02, mainly from the disposal of financial assets and government subsidies[7] Other Financial Metrics - The weighted average return on net assets increased by 0.81 percentage points to 0.36% from -0.45%[6] - Research and development expenses for Q1 2025 were ¥500,410,530.17, a decrease of 10.7% from ¥560,774,040.85 in Q1 2024[17] - The company reported an investment income of ¥54,716,882.53 in Q1 2025, significantly up from ¥1,509,175.26 in Q1 2024[17] - Other comprehensive income after tax for Q1 2025 was -¥5,147,845.73, compared to ¥1,110,006.21 in Q1 2024[18]