恒源煤电(600971) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,178,892,854.20, a decrease of 42.52% compared to CNY 2,051,053,229.69 in the same period last year[4] - Net profit attributable to shareholders was CNY 27,181,923.44, down 93.70% from CNY 431,228,432.00 year-on-year[4] - Basic and diluted earnings per share were both CNY 0.0227, reflecting a decline of 93.68% from CNY 0.3594 in the same period last year[4] - The net profit for Q1 2025 was CNY 24,872,021.89, a significant decrease from CNY 429,892,295.05 in Q1 2024, representing a decline of approximately 94.2%[20] - Operating profit for Q1 2025 was CNY 22,144,412.70, compared to CNY 516,996,619.70 in Q1 2024, indicating a decrease of about 95.7%[20] - The total comprehensive income for Q1 2025 was CNY 23,490,425.67, significantly lower than CNY 429,892,295.05 in Q1 2024[21] - The company incurred a tax expense of CNY 11,768,803.98 in Q1 2025, compared to CNY 84,349,716.27 in Q1 2024, indicating a decrease of about 86.0%[20] Cash Flow and Investments - The net cash flow from operating activities decreased by 73.79%, amounting to CNY 174,407,406.46 compared to CNY 665,312,899.45 in the previous year[4] - Cash flow from operating activities for Q1 2025 was CNY 174,407,406.46, a decrease of 73.8% compared to CNY 665,312,899.45 in Q1 2024[24] - Investment activities resulted in a net cash outflow of CNY 155,050,782.79 in Q1 2025, compared to a smaller outflow of CNY 51,044,269.27 in Q1 2024[24] - The company received CNY 1,972,000,000.00 from investment recoveries in Q1 2025, a significant increase from CNY 700,000,000.00 in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,176,810,619.81, a decrease of 1.74% from CNY 20,534,990,471.43 at the end of the previous year[5] - Current assets as of March 31, 2025, totaled RMB 8,398,966,802.55, slightly down from RMB 8,564,809,009.42 as of December 31, 2024[14] - Total liabilities decreased to RMB 7,702,885,504.50 as of March 31, 2025, from RMB 8,101,487,964.42 at the end of 2024[16] - Shareholders' equity increased to RMB 12,473,925,115.31 as of March 31, 2025, compared to RMB 12,433,502,507.01 at the end of 2024[16] - Cash and cash equivalents were RMB 5,671,347,419.40 as of March 31, 2025, up from RMB 5,410,035,830.24 at the end of 2024, representing an increase of 4.8%[14] - The company reported a significant reduction in accounts receivable, which decreased to RMB 169,451,936.22 from RMB 161,582,565.53, indicating a slight increase of 4.3%[14] - Long-term investments rose to RMB 1,763,004,765.55 as of March 31, 2025, compared to RMB 1,736,347,199.76 at the end of 2024, reflecting a growth of 1.5%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,151[10] - The largest shareholder, Anhui Wanbei Coal Electricity Group Co., Ltd., held 54.96% of the shares, totaling 659,538,889 shares[11] Revenue and Costs - Total operating revenue for Q1 2025 was RMB 1,178,892,854.20, a decrease of 42.4% compared to RMB 2,051,053,229.69 in Q1 2024[19] - Total operating costs for Q1 2025 were RMB 1,206,482,723.25, down from RMB 1,555,200,777.13 in Q1 2024, reflecting a reduction of 22.5%[19] - Operating costs included RMB 918,546,435.30 in operating expenses for Q1 2025, compared to RMB 1,128,830,833.96 in Q1 2024, indicating a decrease of 18.6%[19] - The decline in revenue and profit was primarily attributed to falling coal prices and reduced sales volume[8]