SINOTRANS(601598)2025-04-29 12:53Financial Performance - The company's operating revenue for Q1 2025 was CNY 23.77 billion, a decrease of 2.19% compared to CNY 24.29 billion in the same period last year[5]. - Net profit attributable to shareholders decreased by CNY 644.99 million, down 19.76% from CNY 802.73 million year-on-year, primarily due to a decline in investment income from joint ventures[7]. - Basic earnings per share were CNY 0.089, a decrease of 19.24% from CNY 0.1101 in the previous year[6]. - Operating profit for Q1 2025 was ¥866.56 million, compared to ¥1.02 billion in Q1 2024, reflecting a decline of 14.7%[22]. - Net profit for Q1 2025 was ¥717.93 million, down 15% from ¥843.39 million in Q1 2024[23]. - The net profit for Q1 2025 was CNY 144.21 million, a decrease of 43.73% compared to CNY 256.77 million in Q1 2024[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 79.98 billion, an increase of 3.60% from CNY 77.20 billion at the end of the previous year[6]. - Total assets as of March 31, 2025, amount to 79,978,158,716.63 RMB, an increase from 77,195,500,137.85 RMB at the end of 2024[20]. - Total liabilities as of March 31, 2025, are 37,390,862,813.32 RMB, compared to 35,154,821,919.36 RMB at the end of 2024[21]. - The company's total assets decreased from CNY 45.89 billion on December 31, 2024, to CNY 44.40 billion on March 31, 2025, representing a decline of approximately 3.25%[28]. - The total current liabilities increased from CNY 15.92 billion on December 31, 2024, to CNY 12.46 billion on March 31, 2025, indicating a reduction of approximately 21.00%[30]. - The total liabilities decreased from CNY 18.49 billion on December 31, 2024, to CNY 17.03 billion on March 31, 2025, a decline of approximately 7.93%[30]. Cash Flow - The net cash flow from operating activities was negative at CNY -1.35 billion, an improvement from CNY -2.71 billion in the same period last year[6]. - Cash flow from operating activities showed a net outflow of ¥1.35 billion in Q1 2025, an improvement from a net outflow of ¥2.71 billion in Q1 2024[25]. - The net cash flow from operating activities was -183,371,393.41 RMB, compared to -101,899,216.78 RMB in Q1 2024, indicating a decline in operational cash flow[34]. - Total cash inflow from operating activities was 976,615,233.93 RMB in Q1 2025, down from 1,182,758,609.73 RMB in Q1 2024, reflecting a decrease of approximately 17.4%[34]. - Cash outflow from operating activities totaled 1,159,986,627.34 RMB in Q1 2025, compared to 1,284,657,826.51 RMB in Q1 2024, a reduction of about 9.7%[34]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 48,076[17]. - The largest shareholder, China Ocean Shipping Group Company, holds 2,525,339,831 shares, accounting for 34.62% of total shares[17]. - The second largest shareholder, HKSCC NOMINEES LIMITED, holds 2,000,775,389 shares, representing 27.43%[17]. Research and Development - Research and development expenses decreased to ¥20.90 million in Q1 2025 from ¥26.49 million in Q1 2024, a reduction of 21.2%[22]. - Research and development expenses for Q1 2025 were CNY 7.52 million, down 52.06% from CNY 15.64 million in Q1 2024[31]. Other Financial Metrics - The weighted average return on equity decreased to 1.62%, down 0.48 percentage points from 2.10%[6]. - The company's gross profit margin for Q1 2025 was approximately 4.00%, compared to 3.63% in Q1 2024[31]. - The company reported a financial expense of CNY 11.58 million in Q1 2025, down 39.73% from CNY 19.24 million in Q1 2024[31]. - The company experienced a foreign exchange loss impacting cash and cash equivalents by ¥113.29 million in Q1 2025[26].