Financial Performance - The company's operating revenue for Q1 2025 was ¥1,020,227,838.27, a decrease of 7.79% compared to ¥1,106,366,984.18 in the same period last year[4] - Net profit attributable to shareholders increased by 210.36% to ¥97,458,424.85 from ¥31,401,651.30 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 151.37% to ¥75,114,424.89 compared to ¥29,881,476.41 in the previous year[4] - Basic and diluted earnings per share increased by 209.93% to ¥0.0936 from ¥0.0302 year-on-year[4] - The net profit for the current period is CNY 102,512,095.70, a significant increase from CNY 36,539,562.59 in the previous period, representing a growth of approximately 180%[22] - Operating profit reached CNY 103,601,008.43, compared to CNY 28,122,288.44 in the prior period, indicating an increase of about 268%[22] - The total comprehensive income for the current period was CNY 102,837,588.61, compared to CNY 39,576,509.49 in the previous period, an increase of about 160%[22] - The company's total profit for the current period was CNY 103,326,409.46, significantly higher than CNY 27,989,540.54 in the previous period, representing an increase of approximately 269%[22] Cash Flow and Assets - The net cash flow from operating activities decreased by 127.92%, resulting in a negative cash flow of ¥51,088,750.96, down from ¥182,981,156.57 in the same period last year[4] - As of March 31, 2025, the company's cash and cash equivalents amount to RMB 1,207,276,563.47, an increase from RMB 1,090,277,256.71 at the beginning of the period[18] - Cash flow from investment activities generated a net inflow of CNY 212,830,668.01, compared to a net outflow of CNY -334,560,867.47 in the prior period[24] - The cash and cash equivalents at the end of the period amounted to CNY 1,192,026,314.82, down from CNY 3,061,640,897.17 in the previous period[24] - Total assets at the end of the reporting period were ¥19,292,906,254.99, an increase of 1.77% from ¥18,958,118,495.62 at the end of the previous year[4] - Total liabilities are ¥11,703,412,302.31, slightly down from ¥11,712,850,544.99 in the previous period[20] - Non-current liabilities total ¥7,072,833,657.16, an increase from ¥6,432,438,826.25 in the previous period[20] - The company's equity attributable to shareholders increased by 1.47% to ¥6,715,556,070.81 from ¥6,618,401,890.60 at the end of the previous year[4] - Cash and cash equivalents increased to ¥3,526,773,637.00 from ¥2,332,286,827.44, reflecting a growth of 51.2%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,298[13] - The largest shareholder, Guangzhou High-tech Zone Modern Energy Group Co., Ltd., holds 43.89% of the shares, totaling 457,114,910 shares[13] - The company has repurchased a total of 9,597,000 shares, representing 0.92% of the total share capital, with a total expenditure of RMB 59,766,205.00[16] - The company has proposed a share repurchase plan with a budget between RMB 50 million and RMB 100 million, with a maximum repurchase price of RMB 8 per share[16] Investment and Subsidiaries - The company plans to sell a 40% stake in Guangzhou Hengyun Dongqu Natural Gas Power Co., Ltd. for RMB 320,400,000 and a 51% stake in Guangzhou Baiyun Hengyun Energy Co., Ltd. for RMB 5,100,000 to introduce strategic investors[15] - The company will no longer consolidate Guangzhou Baiyun Hengyun Energy Co., Ltd. in its financial statements after the stake sale, reducing its ownership to 49%[15] - The company experienced a 67.17% increase in investment income, attributed to the transfer of equity in its subsidiary and increased investment income from joint ventures[8] - The company reported a 100.00% increase in cash received from the transfer of equity in subsidiaries, primarily from the sale of its stake in the subsidiary[10] Other Financial Metrics - The company reported a 360.85% increase in credit impairment losses, primarily due to an increase in bad debt provisions[8] - The company incurred a credit impairment loss of CNY -3,379,586.71, compared to a gain of CNY 1,295,586.33 in the previous period[22] - Total operating costs for the current period are ¥1,022,179,537.55, down 10.7% from ¥1,145,429,251.93 in the previous period[21] - Operating costs include ¥870,353,463.55 in operating expenses, which decreased by 11.3% from ¥981,341,704.16[21] - Research and development expenses for the current period are ¥21,080,721.09, a decrease of 24.0% from ¥27,721,001.30 in the previous period[21] - The accounts receivable increased to RMB 579,423,558.65 from RMB 441,957,561.93 at the beginning of the period, indicating a growth of approximately 31.2%[18] - The company’s inventory as of March 31, 2025, is valued at RMB 170,852,933.71, compared to RMB 160,457,734.77 at the beginning of the period[18] - The company’s other receivables have significantly increased to RMB 946,274,442.01 from RMB 46,529,445.53 at the beginning of the period[18]

Financial Performance - The company's operating revenue for Q1 2025 was ¥760,588,639.34, a decrease of 42.93% compared to ¥1,332,744,270.05 in the same period last year[5] - Net profit attributable to shareholders was ¥24,169,730.06, down 53.25% from ¥51,695,103.14 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥1,595,976.79, a significant decline of 96.42% compared to ¥44,605,736.36 in the previous year[5] - Basic and diluted earnings per share were both ¥0.02, reflecting a 50.00% decrease from ¥0.04 in the previous year[5] - Net profit for the current period is ¥24,305,694.00, representing a decline of 52.4% from ¥51,074,838.51 in the previous period[18] - Earnings per share (basic and diluted) is ¥0.02, down from ¥0.04 in the previous period[19] Cash Flow - The net cash flow from operating activities improved to ¥102,624,994.29, a 140.30% increase from a negative cash flow of ¥254,664,208.38 in the same period last year[5] - The net cash flow from operating activities was $102.62 million, a significant improvement compared to a net outflow of $254.66 million in the previous period[21] - Total cash outflow from operating activities amounted to $662.47 million, down from $1.04 billion year-over-year[21] - Cash inflow from financing activities was $619.20 million, compared to $541.07 million in the previous period[21] - Cash outflow for employee compensation was $148.98 million, a decrease from $175.70 million year-over-year[21] - Cash paid for taxes was $78.34 million, down from $114.61 million in the previous period[21] - Cash paid for other operating activities was $252.89 million, reduced from $388.93 million year-over-year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,055,820,136.30, a decrease of 1.11% from ¥7,134,925,658.08 at the end of the previous year[5] - Total current liabilities decreased to ¥3,590,445,962.43 from ¥3,799,824,847.07, a reduction of about 5.5%[14] - Total liabilities amount to ¥3,832,313,151.24, a decrease from ¥3,935,723,314.43 in the previous period[15] - Total non-current assets are valued at ¥3,470,342,343.27, down from ¥3,491,289,386.18, a decrease of approximately 0.6%[14] Research and Development - The company's R&D expenses increased by 168.83% to ¥8,118,990.09, compared to ¥3,020,082.42 in the same period last year, indicating a focus on innovation[8] - Research and development expenses increased to ¥8,118,990.09, up 168.5% from ¥3,020,082.42 in the previous period[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 80,863[10] - The largest shareholder, Jiang Wei, holds 17.55% of shares, with 245,346,284 shares pledged[10] - The company has a total of 32,588,712 shares held in the repurchase special account, representing 2.33% of total shares[11] - The company has not reported any significant changes in the top 10 shareholders due to margin trading or lending of shares[11] Other Income and Expenses - Other income surged by 672.31% to ¥35,739,844.30, up from ¥4,627,661.00 year-on-year, primarily due to increased government subsidies received by subsidiaries[8] - The company reported a net loss from investment of ¥7,736,280.49, compared to a loss of ¥5,833,183.59 in the previous period[18] - Cash inflow from operating activities totaled ¥765,095,329.13, slightly down from ¥783,207,961.75 last year[20] Accounting and Auditing - The company did not undergo an audit for the first quarter report[22] - The company plans to implement new accounting standards starting in 2025[22]

Financial Performance - The company's revenue for Q1 2025 was CNY 117,882,147.41, representing a year-on-year increase of 2.46% compared to CNY 115,056,599.20 in the same period last year[5] - Net profit attributable to shareholders reached CNY 91,381,632.51, marking a significant year-on-year growth of 55.82% from CNY 58,645,031.11[5] - The net profit after deducting non-recurring gains and losses was CNY 42,882,145.27, which is a 22.68% increase from CNY 34,953,559.35 in the previous year[5] - Basic and diluted earnings per share increased to CNY 0.0921, reflecting a 57.44% rise from CNY 0.0585[5] - Net profit for the current period was ¥91,816,472.84, representing a 57.2% increase compared to ¥58,358,502.05 in the previous period[20] - Earnings per share (EPS) for the current period was ¥0.0921, up from ¥0.0585 in the previous period, indicating a significant improvement in profitability[21] Cash Flow and Liquidity - The company's cash flow from operating activities improved to -CNY 19,355,956.53, a 57.63% reduction in losses compared to -CNY 45,686,313.09 in the same period last year[5] - Cash flow from operating activities was ¥54,659,152.91, compared to ¥46,115,540.24 in the previous period, indicating a positive trend in cash generation[22] - Net cash flow from operating activities was -$19.36 million, an improvement from -$45.69 million year-over-year[23] - The ending cash and cash equivalents balance decreased to $61.05 million from $257.17 million year-over-year[23] - Cash and cash equivalents decreased from ¥167,019,614.26 to ¥62,943,120.19, a decline of approximately 62.4%[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,324,561,816.58, a slight increase of 0.05% from CNY 4,322,426,765.29 at the end of the previous year[5] - Total current assets increased slightly from ¥2,228,693,102.19 to ¥2,239,778,601.67, an increase of about 0.02%[16] - Total liabilities decreased to ¥586,103,282.62 from ¥675,797,125.73, reflecting a reduction of approximately 13.2%[20] - Total equity attributable to shareholders increased to ¥3,747,821,787.92 from ¥3,656,427,733.85, marking a growth of about 2.5%[20] - Total non-current assets decreased from ¥2,093,733,663.10 to ¥2,084,783,214.91, a decline of approximately 0.43%[16] Investment and Income - The company reported a significant increase in investment income, which reached CNY 16,604,415.43, a 172.89% increase from CNY 6,084,638.30 in the previous year[9] - The fair value change income from trading financial assets was CNY 52,776,082.63, a dramatic increase of 58655.47% compared to -CNY 90,130.06 in the previous year[9] - The company reported investment income of ¥16,604,415.43, significantly higher than ¥6,084,638.30 in the previous period, reflecting improved investment performance[20] Expenses and Efficiency - The company experienced a 37.01% reduction in management expenses, down to CNY 11,863,723.77 from CNY 18,833,524.96, attributed to improved operational efficiency[9] - Total operating costs increased to ¥72,104,785.06, up 2.00% from ¥70,687,401.60 in the previous period[19] - Research and development expenses decreased to ¥5,434,353.01 from ¥6,618,539.59, showing a reduction of about 17.9%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 125,446[12] - The top two shareholders, Lin Huirong and Chen Guoying, hold 27.36% and 21.56% of shares respectively, together owning 53.64% of the company[13] - The company has a share repurchase account holding 15,536,659 shares, representing 1.54% of total shares[13] Other Information - The company did not execute any new accounting standards adjustments for the first quarter[24] - The first quarter report was not audited[24]

Financial Performance - The company's revenue for Q1 2025 was ¥1,252,045,531.07, representing a 54.41% increase compared to ¥810,869,692.86 in the same period last year[5] - The net loss attributable to shareholders was ¥69,087,664.28, a decline of 135.34% from a profit of ¥195,492,337.08 in the previous year[5] - Basic and diluted earnings per share were both -¥0.43, down 132.33% from ¥1.33 in the previous year[5] - The net profit for the current period was a loss of ¥69,101,486.52, compared to a profit of ¥195,615,352.41 in the previous period, indicating a decline of approximately 135.3%[30] - The total comprehensive income for the current period was a loss of ¥70,535,216.09, compared to a profit of ¥195,475,603.55 in the previous period[31] Cash Flow and Liquidity - The net cash flow from operating activities was -¥497,231,240.59, a decrease of 505.84% compared to -¥82,072,765.52 in the same period last year[5] - The cash flow from operating activities showed a net outflow of ¥497,231,240.59, worsening from a net outflow of ¥82,072,765.52 in the previous period[32] - Cash and cash equivalents at the end of the period totaled ¥635,847,434.91, down from ¥199,774,539.40 at the end of the previous period[32] - The company’s cash and cash equivalents decreased from RMB 915.86 million to RMB 635.85 million during the reporting period[26] Assets and Liabilities - Total assets increased by 8.11% to ¥7,100,914,850.38 from ¥6,568,159,107.56 at the end of the previous year[5] - The company’s total liabilities as of March 31, 2025, were RMB 4.68 billion, compared to RMB 4.09 billion at the beginning of the period[28] - The company’s total equity as of March 31, 2025, was RMB 2.43 billion, down from RMB 2.48 billion at the beginning of the period[28] Operating Costs and Expenses - The company experienced a 131.81% increase in operating costs, totaling ¥1,178,816,486.77, driven by expanded sales volume[9] - Total operating costs increased to ¥1,318,956,796.49 from ¥590,490,124.36, marking a rise of about 123.0%[29] - Research and development expenses rose by 97.77% to ¥58,759,466.36, reflecting increased investment in new projects[9] - Research and development expenses increased to ¥58,759,466.36 from ¥29,710,654.38, reflecting a growth of approximately 97.7%[29] - The company reported a significant increase in financial expenses, which rose to ¥34,245,539.70 from ¥19,101,054.06, an increase of about 79.5%[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,331[12] - The largest shareholder, Li Hu, holds 36.91% of shares, amounting to 59,704,735 shares, with 16,880,000 shares pledged[12] - The top ten shareholders include various institutional and individual investors, with significant stakes held by domestic natural persons[12][13] Stock Issuance and Capital Changes - The company plans to issue shares to specific targets, with the first board meeting for this purpose held on June 29, 2023[14] - The company received approval from the China Securities Regulatory Commission for the stock issuance on November 15, 2024[15] - The registered capital of the company was changed to RMB 147,512,976 after the board meeting on June 11, 2024[18] - The company completed the registration and listing of shares for the stock issuance on January 23, 2025, increasing the registered capital to RMB 161,772,672[19] - The company has a total of 13,029,608 new shares listed from the stock issuance[19] - The company’s stock option incentive plan has seen multiple phases of share registration and listing, affecting the registered capital[18][19] - The company has undergone several amendments to its articles of association and registered capital in 2024[18] Other Developments - The company obtained AEO Advanced Certification from Shenzhen Customs on January 2025, enhancing global customs efficiency and risk management capabilities[21] - The company decided to repurchase and cancel 2,366 restricted stocks from a departing employee, reducing the total number of restricted stocks from 818,028 to 815,662[22] - The company provided a guarantee of up to RMB 1.5 billion for its wholly-owned subsidiary, Yuande, to support its operational and business development needs in 2024[23] - The company reported a significant increase in accounts receivable, which rose by 44.94% to ¥575,392,453.25 due to higher revenue[9] - The company’s accounts receivable increased from RMB 396.98 million to RMB 575.39 million, indicating a growth of approximately 45%[26] - The company’s inventory decreased slightly from RMB 4.44 billion to RMB 4.40 billion, reflecting a minor reduction in stock levels[26] - The company’s short-term borrowings increased from RMB 1.95 billion to RMB 2.03 billion, indicating a rise in short-term financing[27] - The company recorded an investment loss of ¥750,215.50, compared to a loss of ¥385,440.35 in the previous period[30]

Financial Performance - The company's operating revenue for Q1 2025 was ¥188,287,518.96, a decrease of 27.01% compared to ¥257,979,355.50 in the same period last year[5] - Net profit attributable to shareholders was ¥16,088,884.52, down 41.17% from ¥27,348,128.72 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥14,063,863.15, a decrease of 21.58% compared to ¥17,934,191.84 in the previous year[5] - Basic and diluted earnings per share were both ¥0.01, representing a 50.00% decrease from ¥0.02 in the previous year[5] - Net profit for the period was ¥18,863,613.97, down from ¥29,821,025.37, indicating a decline of about 36.8%[17] - Earnings per share decreased to ¥0.01 from ¥0.02, reflecting a 50% drop[17] Cash Flow - The net cash flow from operating activities increased by 3.81% to ¥43,435,953.49 from ¥41,842,562.34 in the same period last year[5] - Operating cash flow net amount for the current period is $43,435,953.49, an increase of 3.8% compared to the previous period's $41,842,562.34[19] - Cash inflow from operating activities totaled $231,375,762.08, down 11.8% from $262,459,375.30 in the previous period[19] - Cash outflow from operating activities decreased to $187,939,808.59 from $220,616,812.96, a reduction of 15%[19] - The company did not report any cash inflow from financing activities in the current period, compared to $14,398.00 in the previous period[19] - The net cash flow from financing activities was -$4,196,497.70, worsening from -$3,245,921.71 in the previous period[19] - The impact of exchange rate changes on cash and cash equivalents was -$498,360.87, compared to -$75,330.20 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,396,315,974.13, an increase of 1.16% from ¥2,368,902,284.30 at the end of the previous year[5] - Total assets increased to ¥2,396,315,974.13 from ¥2,368,902,284.30, reflecting a growth of approximately 1.8%[14] - Total liabilities increased to ¥359,031,165.36 from ¥349,335,359.79, a rise of about 2%[14] - Total equity increased to ¥2,037,284,808.77 from ¥2,019,566,924.51, reflecting a growth of approximately 0.9%[14] Shareholder Information - The company reported a total of 167,520 common shareholders at the end of the reporting period[10] - Shareholders' equity attributable to the parent company increased by 0.79% to ¥1,911,721,707.76 from ¥1,896,778,552.95 at the end of the previous year[5] Non-Recurring Gains and Losses - Non-recurring gains and losses impacted net profit by ¥2,025,021.37, primarily from government subsidies and bank wealth management income[8] - The company did not recognize any significant non-recurring gains or losses in the current period compared to the previous year[8] Inventory and Receivables - Accounts receivable rose to ¥60,921,293.40 from ¥47,978,418.60, an increase of about 27%[13] - Inventory increased slightly to ¥5,780,965.06 from ¥5,570,645.93, a growth of approximately 3.8%[13] Investment Activities - Total cash inflow from investment activities is $394,631,889.02, up from $362,725,808.80 in the previous period, representing an increase of 8.5%[19] - Cash outflow from investment activities totaled $356,508,355.88, slightly higher than $351,137,934.24 in the previous period, indicating a 1.3% increase[19] - Net cash flow from investment activities is $38,123,533.14, significantly higher than $11,587,874.56 in the previous period, marking an increase of 228.5%[19] - Cash and cash equivalents increased to ¥659,567,697.85 from ¥582,760,445.93, a rise of approximately 13.2%[13]

海南瑞泽新型建材股份有限公司 2025 年第一季度报告 证券代码：002596 证券简称：海南瑞泽 公告编号：2025-024 海南瑞泽新型建材股份有限公司 2025 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第一季度报告是否经审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | | | | 增减（%） | | 营业收入（元） | 279,752,572.53 | 351,661,269.16 | -20.45% | | 归属于上市公司股东的净利润（元） | -16,841,656. ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 161,572,393.90, a decrease of 34.24% compared to CNY 245,711,123.16 in the same period last year[3] - Net profit attributable to shareholders was CNY 10,914,129.26, down 48.15% from CNY 21,047,590.27 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 9,034,224.24, reflecting a decline of 55.68% compared to CNY 20,382,258.79 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.07, a reduction of 50.00% from CNY 0.14 in the same period last year[3] - Total operating revenue for Q1 2025 was ¥161,572,393.90, a decrease of 34.2% compared to ¥245,711,123.16 in Q1 2024[14] - Net profit for Q1 2025 was ¥10,914,129.26, a decline of 48.0% compared to ¥21,047,590.27 in Q1 2024[15] - Basic and diluted earnings per share for Q1 2025 were both ¥0.07, down from ¥0.14 in Q1 2024[16] - Other income for Q1 2025 was ¥2,640,103.11, down from ¥6,429,327.42 in Q1 2024[14] Cash Flow and Assets - The net cash flow from operating activities increased by 313.93%, reaching CNY 19,115,298.02, primarily due to a decrease in cash paid for goods and services[3] - Cash flow from operating activities for Q1 2025 was ¥19,115,298.02, an increase from ¥4,617,978.95 in Q1 2024[18] - Cash and cash equivalents increased to RMB 130,566,143.60 from RMB 108,902,577.00, representing a growth of about 20%[11] - Cash and cash equivalents at the end of Q1 2025 totaled ¥92,816,312.12, compared to ¥177,123,351.40 at the end of Q1 2024[19] - The company's current assets totaled RMB 897,684,693.14, compared to RMB 875,859,570.37 at the end of 2024, reflecting a growth of approximately 2.9%[12] - Accounts receivable rose to RMB 161,678,291.09 from RMB 148,208,950.23, indicating an increase of approximately 9%[11] - Inventory levels increased to RMB 264,459,834.96 from RMB 250,483,335.27, marking a growth of around 5.6%[12] - Total assets at the end of the reporting period were CNY 1,963,698,882.49, a slight increase of 0.35% from CNY 1,956,811,650.01 at the end of the previous year[6] - As of March 31, 2025, the company's total assets amounted to RMB 1,963,698,882.49, an increase from RMB 1,956,811,650.01 as of December 31, 2024[12] Liabilities and Equity - The total liabilities decreased slightly to RMB 729,377,826.55 from RMB 733,404,723.33, a reduction of about 0.4%[13] - The company's equity attributable to shareholders increased to RMB 1,234,321,055.94 from RMB 1,223,406,926.68, reflecting a growth of approximately 0.8%[13] - Shareholders' equity attributable to the parent company was CNY 1,234,321,055.94, up 0.89% from CNY 1,223,406,926.68 at the end of the previous year[6] - The company reported a decrease in short-term borrowings, contributing to a more favorable liquidity position[13] Market and Competition - The decline in revenue and profit was attributed to intensified competition in the pharmaceutical market, changes in medical insurance payment policies, and fluctuations in downstream customer demand[7] - The company is focusing on expanding its market presence and enhancing product development strategies[11] Non-Recurring Items and Accounting Changes - Non-recurring gains and losses included government subsidies of CNY 1,496,511.02, which positively impacted the financial results[5] - The company reported a decrease in research and development expenses to ¥3,597,362.58 in Q1 2025 from ¥6,614,118.01 in Q1 2024, a reduction of 45.4%[14] - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year[20]

Financial Performance - The company's revenue for Q1 2025 was ¥340,341,319.16, a decrease of 6.39% compared to ¥363,589,732.65 in the same period last year[3] - The net profit attributable to shareholders was -¥20,770,353.77, representing a decline of 119.49% from ¥106,580,828.49 year-on-year[3] - The basic earnings per share decreased by 120.00% to -¥0.03 from ¥0.15 in the previous year[3] - Net profit for Q1 2025 was a loss of ¥21,927,590.10, compared to a profit of ¥104,902,475.38 in Q1 2024, representing a significant decline[15] - Operating profit for Q1 2025 was a loss of ¥25,211,206.03, compared to a profit of ¥147,777,776.19 in Q1 2024[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,458,435,814.42, down 4.07% from ¥4,647,790,854.13 at the end of the previous year[4] - Total current assets as of March 31, 2025, amount to ¥2,990,846,121.10, a decrease from ¥3,157,720,636.81 as of December 31, 2024[11] - Total liabilities decreased to ¥549,999,182.45 from ¥717,364,235.78, reflecting a reduction of about 23.4%[12] - The total assets and shareholders' equity decreased to ¥4,458,435,814.42 and ¥3,908,436,631.97 respectively, from ¥4,647,790,854.13 and ¥3,930,426,618.35 in the previous period[13] Cash Flow - The net cash flow from operating activities was -¥34,838,371.65, an improvement of 20.27% compared to -¥43,697,923.33 in the same period last year[3] - Cash flow from operating activities for Q1 2025 was a net outflow of ¥34,838,371.65, an improvement from a net outflow of ¥43,697,923.33 in Q1 2024[18] - Cash inflow from investment activities for Q1 2025 was ¥554,220,728.50, significantly higher than ¥193,308,473.31 in Q1 2024[18] - Cash outflow from investment activities for Q1 2025 was ¥444,463,603.45, compared to ¥120,000,137.04 in Q1 2024[18] - The net cash flow from financing activities was -1,014,882.55, a decrease compared to 9,274,083.81 from the previous period[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 28,377[8] - The largest shareholder, Hangzhou Jinhui Electromechanical Equipment Co., Ltd., holds 196,000,000 shares, accounting for 28.96% of total shares[8] Investment and Income - The company experienced a 64.94% decline in investment income, attributed to increased macroeconomic uncertainties[6] - The company incurred a significant loss in investment income, reporting ¥4,091,384.31 in Q1 2025 compared to ¥11,668,957.76 in Q1 2024[14] Other Financial Metrics - The weighted average return on equity was -0.54%, a decrease of 3.27 percentage points from 2.73% in the previous year[3] - The company's retained earnings stand at ¥1,776,171,882.90, slightly down from ¥1,796,942,236.67[12] - The non-current assets total ¥1,467,589,693.32, a decrease from ¥1,490,070,217.32[11] - The company reported a total of ¥2,694,783.17 in government subsidies recognized in the current period[5] Cash Management - Cash and cash equivalents increased to ¥1,049,830,480.00 from ¥982,389,135.27[10] - The ending balance of cash and cash equivalents was 742,355,089.01, down from 800,941,552.02 at the end of the previous period[19] - Cash received from borrowings was 20,100,000.00, slightly higher than 20,000,000.00 in the previous period[19] - Cash paid for debt repayment was 70,000,000.00, an increase from 10,000,000.00 previously[19] - The impact of exchange rate changes on cash and cash equivalents was 5,260,719.83, compared to 365,633.34 previously[19] Accounting Standards - The company will not apply new accounting standards starting from 2025[19]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 135.81 million, an increase of 18.90% compared to CNY 114.23 million in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 12.83 million, a decrease of 649.49% from a profit of CNY 2.34 million in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 16.95 million, down 3,015.79% from a profit of CNY 0.58 million in the same period last year[4]. - The basic earnings per share were CNY -0.0237, a decrease of 651.16% from CNY 0.0043 in the previous year[6]. - The weighted average return on equity was -0.68%, a decrease of 0.80 percentage points compared to 0.12% in the previous year[6]. - The net profit for Q1 2025 was a loss of ¥12,271,438.07, compared to a loss of ¥7,642,427.72 in Q1 2024, indicating a worsening performance[30]. Cash Flow - The net cash flow from operating activities was a negative CNY 125.18 million, worsening by 167.75% compared to a negative CNY 46.75 million in the previous year[6]. - Operating cash flow for Q1 2025 showed a net outflow of CNY 125.18 million, worsening from a net outflow of CNY 46.75 million in Q1 2024[25]. - The company's cash flow from operating activities showed a significant outflow, contributing to the net loss reported for the quarter[30]. - The total cash outflow from operating activities was CNY 357,115,871.54, an increase of 4.6% compared to CNY 341,363,182.73 in Q1 2024[31]. - The net cash flow from operating activities was -CNY 145,353,089.76, slightly improved from -CNY 153,351,142.66 in the previous year[31]. Assets and Liabilities - The total assets as of March 31, 2025, were CNY 3,446.60 million, an increase of 5.65% from CNY 3,262.32 million at the end of the previous year[6]. - Current assets as of March 31, 2025, amount to ¥2,584,600,166.21, an increase from ¥2,421,628,251.15 as of December 31, 2024, representing a growth of approximately 6.73%[18][19]. - Total liabilities as of March 31, 2025, are ¥1,573,656,225.62, up from ¥1,376,584,881.89, indicating an increase of approximately 14.32%[20]. - The company's total liabilities rose to ¥1,575,858,515.29 from ¥1,340,926,934.39, indicating an increase in financial obligations[28]. - The company's total equity decreased to ¥1,819,200,627.33 from ¥1,831,432,416.79, indicating a decline in shareholder value[28]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 50,682[15]. - The largest shareholder, Nanjing Kaide Investment Co., Ltd., holds 156,636,773 shares, accounting for 28.91% of total shares[15]. Costs and Expenses - Total operating costs for Q1 2025 were CNY 155.90 million, up 36% from CNY 114.94 million in Q1 2024[21]. - The company reported a significant increase in financial expenses by 252.89%, mainly due to changes in financial management structures[13]. - The company incurred financial expenses of CNY 3.95 million in Q1 2025, compared to a financial income of CNY 2.58 million in Q1 2024[21]. - Research and development expenses for Q1 2025 were CNY 13.55 million, slightly up from CNY 12.37 million in Q1 2024[21]. - Research and development expenses for Q1 2025 were ¥11,334,591.47, up from ¥10,243,219.08 in Q1 2024, highlighting a focus on innovation[29]. Order Backlog - The company had a backlog of orders amounting to CNY 987.19 million as of March 31, 2025[8].

南通醋酸化工股份有限公司2025 年第一季度报告 证券代码：603968 证券简称：醋化股份 南通醋酸化工股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人庆九、主管会计工作负责人陶涛及会计机构负责人（会计主管人员）王玉娟保证季度 报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 上年同期 | 本报告期比上 年同期增减变 | | --- | --- | --- | --- | | | | | 动幅度(%) | | 营业收入 | 688,245,529.08 | 718,063,398.05 | -4.15 | | 归属于上市公司股东的净利润 | -6,717,926.61 | -27,033,6 ...