hbky(600985)2025-04-29 12:43Financial Performance - The company's operating revenue for Q1 2025 was approximately ¥10.57 billion, a decrease of 39.00% compared to ¥17.32 billion in the same period last year[3] - Net profit attributable to shareholders was approximately ¥691.53 million, down 56.50% from ¥1.59 billion year-on-year[3] - Basic earnings per share decreased by 59.38% to ¥0.26 from ¥0.64 in the same period last year[3] - The company reported a 39.02% increase in investment income, mainly due to improved net profit from its associate company[6] - The company reported investment income of CNY 44,529,643.91, an increase of 39.1% from CNY 32,030,498.52 in the previous period[15] - In Q1 2025, the company reported a net profit of ¥51,358,128.44, a significant increase compared to ¥411,274.27 in Q1 2024, representing a growth of approximately 12,400%[23] - The total comprehensive income for Q1 2025 was ¥51,358,128.44, compared to ¥411,274.27 in Q1 2024, showing a significant improvement in overall financial performance[24] Cash Flow - The net cash flow from operating activities was approximately ¥440.03 million, a significant decline of 72.87% compared to ¥1.62 billion in the previous year[3] - The company’s cash flow from operating activities showed a significant decrease, reflecting challenges in revenue generation during the quarter[16] - In Q1 2025, the cash inflow from operating activities was CNY 13.10 billion, a decrease of 30.0% compared to CNY 18.75 billion in Q1 2024[17] - The net cash flow from operating activities was CNY 440.03 million, down 72.9% from CNY 1.62 billion in the same period last year[17] - The cash outflow for investing activities totaled CNY 3.36 billion, an increase of 67.5% compared to CNY 2.01 billion in Q1 2024[18] - The net cash flow from investing activities was -CNY 2.16 billion, worsening from -CNY 1.99 billion year-over-year[18] - The cash inflow from financing activities was CNY 1.55 billion, up from CNY 459.81 million in Q1 2024[18] - The net cash flow from financing activities was CNY 1.33 billion, significantly higher than CNY 35.68 million in the previous year[18] - The net cash flow from operating activities in Q1 2025 was negative at -¥260,853.19, compared to a positive cash flow of ¥488,857.15 in Q1 2024, indicating a decline in operational cash generation[26] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥88.09 billion, reflecting a slight increase of 0.40% from ¥87.74 billion at the end of the previous year[4] - The total assets of the company reached CNY 88,094,754,325.15, up from CNY 87,744,917,337.46[11] - Total liabilities as of the end of the reporting period were CNY 40,696,870,009.18, slightly down from CNY 40,869,180,045.77 at the end of the previous period[13] - Non-current liabilities increased to CNY 16,830,503,603.42 from CNY 15,293,919,866.31, reflecting a growth of 10.1%[13] - The total liabilities amounted to CNY 13.53 million, a decrease from CNY 14.18 million at the end of 2024[21] Shareholder Information - The total number of common shareholders at the end of the reporting period was 50,041[8] - The largest shareholder, HuaiBei Mining (Group) Co., Ltd., holds 60.03% of shares, totaling 1,616,628,806 shares[8] - The total equity attributable to shareholders increased by 1.56% to approximately ¥43.05 billion from ¥42.39 billion at the end of the previous year[4] - Total equity attributable to shareholders increased to CNY 43,051,716,532.39 from CNY 42,388,718,698.68, representing a growth of 1.6%[13] Operational Challenges - The decrease in revenue was primarily attributed to declines in coal production and prices, impacting overall profitability[6] - The total cost of operations for Q1 2025 was CNY 9,937,142,308.49, down 36.1% from CNY 15,587,280,630.29 in Q1 2024[14] - The company experienced a significant increase in short-term borrowings by 171.13%, primarily due to an increase in short-term loans[6] - Cash and cash equivalents decreased to CNY 3,726,167,017.01 from CNY 4,283,753,058.08[10] - Accounts receivable increased to CNY 2,483,426,046.68 from CNY 2,086,091,373.82, reflecting a growth of approximately 19%[10] - Inventory as of March 31, 2025, was CNY 3,147,422,787.40, compared to CNY 3,086,734,413.52 at the end of 2024[11] - The company reported a financial expense of -¥56,910.77 in Q1 2025, compared to -¥12,177.84 in Q1 2024, indicating a worsening in financial costs[23] - The company’s management expenses increased to ¥486,892.88 in Q1 2025 from ¥285,471.70 in Q1 2024, representing an increase of approximately 70%[23]