天安新材(603725) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 580,174,178.48, representing a year-on-year increase of 10.31% compared to CNY 525,940,472.00 in the same period last year[4]. - Net profit attributable to shareholders was CNY 15,172,431.55, up 23.70% from CNY 12,265,703.43 in the previous year[4]. - The net profit excluding non-recurring gains and losses increased by 36.97%, reaching CNY 13,790,001.24 compared to CNY 10,067,669.00 in the same period last year[4]. - The basic and diluted earnings per share were both CNY 0.05, reflecting a 25.00% increase from CNY 0.04 in the previous year[5]. - The weighted average return on equity rose to 1.98%, an increase of 0.29 percentage points from 1.69%[5]. - Total operating revenue for Q1 2025 reached ¥580,174,178.48, an increase of 10.3% compared to ¥525,940,472.00 in Q1 2024[18]. - Net profit for Q1 2025 was ¥16,240,045.29, representing a 26.5% increase from ¥12,883,144.18 in Q1 2024[19]. - Basic earnings per share for Q1 2025 were ¥0.05, compared to ¥0.04 in Q1 2024[20]. Cash Flow and Assets - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 35,817,638.63 compared to a net inflow of CNY 11,248,638.20 in the same period last year, representing a change of -418.42%[4][8]. - Cash flow from operating activities for Q1 2025 showed a net outflow of ¥35,817,638.63, contrasting with a net inflow of ¥11,248,638.20 in Q1 2024[23]. - Cash flow from investing activities for Q1 2025 was a net inflow of ¥13,242,753.14, compared to a net outflow of ¥24,026,748.83 in Q1 2024[23]. - Cash flow from financing activities for Q1 2025 resulted in a net inflow of ¥93,287,352.97, up from ¥45,335,267.46 in Q1 2024[23]. - The company's cash and cash equivalents increased to RMB 331,443,557.84 from RMB 281,685,898.93, representing a growth of about 17.7%[13]. - The beginning balance of cash and cash equivalents was 206,206,571.46, down from 297,683,119.93 in the prior period[24]. - The ending balance of cash and cash equivalents stood at 277,092,803.58, compared to 330,565,569.85 previously, reflecting a decrease[24]. - The net increase in cash and cash equivalents for the period was 70,886,232.12, compared to 32,882,449.92 in the previous period, indicating a significant growth[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,873,625,611.74, a slight increase of 0.70% from CNY 2,853,521,176.04 at the end of the previous year[5]. - As of March 31, 2025, the company's total current assets amounted to RMB 1,637,481,005.53, an increase from RMB 1,582,005,693.64 as of December 31, 2024, reflecting a growth of approximately 3.5%[13]. - The total liabilities as of March 31, 2025, were RMB 1,951,942,525.99, slightly up from RMB 1,948,078,135.58, indicating a marginal increase of about 0.1%[15]. - The company's total equity increased to RMB 921,683,085.75 from RMB 905,443,040.46, reflecting a growth of approximately 1.9%[15]. - The non-current assets decreased to RMB 1,236,144,606.21 from RMB 1,271,515,482.40, indicating a decline of about 2.8%[14]. - The company's short-term borrowings rose to RMB 639,117,938.33 from RMB 575,805,808.96, representing an increase of approximately 11%[15]. - The total inventory as of March 31, 2025, was RMB 529,183,898.81, slightly down from RMB 533,309,787.85, showing a decrease of about 0.8%[13]. Revenue Drivers and Expenses - The increase in revenue was primarily driven by the strong performance of the construction ceramics and polymer composite materials sectors, with construction ceramics revenue up 5.81% year-on-year[8]. - The company experienced a reduction in non-recurring gains and losses, contributing to the growth in net profit attributable to shareholders[8]. - Research and development expenses for Q1 2025 were ¥16,892,432.68, an increase from ¥14,859,822.16 in Q1 2024[18]. - The company reported an investment income of ¥1,583,448.64 in Q1 2025, recovering from a loss of ¥761,821.18 in Q1 2024[19]. - The company’s tax expenses for Q1 2025 were ¥5,444,905.77, slightly down from ¥5,594,442.79 in Q1 2024[19].