Financial Performance - The company's operating revenue for Q1 2025 was ¥2,985,255,890.01, a decrease of 9.76% compared to ¥3,308,281,586.14 in the same period last year[3]. - Net profit attributable to shareholders decreased by 72.43% to ¥55,641,242.98 from ¥201,839,334.73 year-on-year[3]. - The net profit after deducting non-recurring gains and losses dropped by 86.02% to ¥27,010,794.84 compared to ¥193,264,339.23 in the previous year[3]. - Basic and diluted earnings per share fell by 70.22% to ¥0.053 from ¥0.178 year-on-year[3]. - Operating income for Q1 2025 was CNY 85,345,118.99, compared to CNY 306,339,667.83 in Q1 2024, indicating a decline in profitability[19]. - The net profit for the first quarter of 2025 was CNY 54,167,673.43, a decrease of 74.0% compared to CNY 208,680,722.43 in the first quarter of 2024[21]. - The total profit for the first quarter of 2025 was CNY 125,527,277.61, down 61.7% from CNY 327,520,556.68 in the same period last year[21]. - Operating profit for the first quarter of 2025 was CNY 111,029,938.69, a decline of 65.0% from CNY 316,540,092.52 in the first quarter of 2024[21]. Cash Flow and Assets - The net cash flow from operating activities was ¥255,778,481.66, down 53.82% from ¥553,835,281.39 in the same period last year[3]. - Cash and cash equivalents decreased to CNY 7,787,617,672.18 as of March 31, 2025, from CNY 8,769,807,634.45 as of December 31, 2024[16]. - The cash flow from operating activities for the first quarter of 2025 was CNY 255,778,481.66, a decrease of 53.8% compared to CNY 553,835,281.39 in the first quarter of 2024[23]. - The cash flow from investing activities for the first quarter of 2025 was negative CNY 557,604,589.70, compared to a positive CNY 146,728,670.82 in the first quarter of 2024[24]. - The cash and cash equivalents at the end of the first quarter of 2025 were CNY 6,883,335,038.60, down from CNY 10,329,468,116.04 at the end of the first quarter of 2024[24]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 100,892[10]. - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., holds 372,776,396 shares, representing 32.84% of the total shares[10]. - The company repurchased a total of 9,316,600 shares, accounting for 0.82% of the total share capital, with a total expenditure of RMB 125.03 million[14]. Business Operations and Strategy - The company reported a decline in revenue in the first quarter due to structural differences in consumer channels and categories, despite an overall recovery in the consumption market[11]. - The company has successfully opened its first airport duty-free store in Harbin and won the rights to operate duty-free stores in Wuhan and Changsha, expanding its duty-free business[11]. - The company plans to invest RMB 489 million in Beijing Huanhui Real Estate Co., Ltd. to repay previous shareholder loans, maintaining a total investment of RMB 1.30265 billion[13]. - The company acquired 28% of the equity of Beijing Faya Trading Co., Ltd. for RMB 952.54 million, making it a wholly-owned subsidiary[13]. - The company is undergoing a critical period of business iteration and is focusing on optimizing cost structures and enhancing operational efficiency[12]. - The company has initiated a new spring consumption season campaign themed "New Ideas from the Government, Shared with Friends," integrating cultural and tourism elements to boost consumer engagement[11]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[19]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled ¥28,630,448.14, with significant contributions from government subsidies and asset disposals[7].

Financial Performance - The net profit attributable to the parent company for 2024 is -42,723,162.30 CNY, with undistributed profits at 3,432,915,917.08 CNY[6]. - The company's operating revenue for 2024 was CNY 2,009,514,604.92, a decrease of 34.66% compared to CNY 3,075,416,029.21 in 2023[22]. - The net profit attributable to shareholders for 2024 was CNY -42,723,162.30, representing a decline of 103.66% from CNY 1,167,835,317.79 in 2023[22]. - The cash flow from operating activities for 2024 was CNY 459,740,577.53, down 46.64% from CNY 861,521,518.57 in 2023[22]. - Basic earnings per share for 2024 were CNY -0.02, a decrease of 103.39% compared to CNY 0.59 in 2023[23]. - The weighted average return on equity for 2024 was -0.63%, a decrease of 17.72 percentage points from 17.09% in 2023[25]. - The total profit for the company was -143.75 million RMB, representing a decline of 110.52% year-on-year[36]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -9.20 million RMB, a decrease of 100.79% year-on-year[36]. Dividend and Share Repurchase - The proposed cash dividend is 2.50 CNY per 10 shares, totaling 485,866,253.00 CNY (including tax), which represents 1,137.24% of the net profit[7]. - The total amount for cash dividends and share repurchases is 785,906,830.94 CNY, accounting for 1,839.53% of the net profit[7]. - The company has repurchased 15,077,817 shares, with a total repurchase amount of 300,040,577.94 CNY during the year[7]. - The company plans to maintain the per-share distribution ratio unchanged, with adjustments to the total distribution amount if the total share capital changes before the dividend record date[7]. - The company does not plan to issue new shares or convert reserves into share capital this year[7]. Risks and Challenges - There are no significant risks that materially affect the company's operations during the reporting period[9]. - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[8]. - The net profit decline was primarily attributed to decreased operating revenue and losses from terminated R&D projects[26]. - The company recognized a loss of CNY 253,523,550.00 related to a prepayment for commercialization rights, impacting the second quarter's net profit[28]. Market and Product Development - The company is focusing on expanding its overseas market and enhancing innovative drug research and development as part of its long-term strategy[35]. - The company achieved a significant breakthrough in hospital access, with approximately 1,400 new hospitals for glargine insulin and 5,000 new hospitals for premixed aspart insulin[40]. - The company is enhancing its diabetes management platform and POCT projects, aiming for comprehensive blood glucose management from admission to discharge[42]. - The company is actively promoting its products through various academic activities to improve brand awareness and market penetration[42]. - The company is focusing on developing products in the endocrine and metabolic treatment fields, including insulin analogs and oral hypoglycemic agents[105]. Research and Development - The company is expanding its research and development in the endocrine metabolism field, with ongoing projects including three new diabetes treatments and two new gout/hyperuricemia treatments[43]. - The company received clinical trial approval for its dual-target GLP-1/GIP agonist, with successful completion of phase Ia trials and ongoing phase Ib trials for both glycemic control and weight loss indications[45]. - The company is developing multiple new drugs targeting diabetes and gout, with several in various clinical trial phases[126]. - The company reported a research and development investment of 450.46 million RMB, representing a 7.15% increase compared to the previous year[132]. - The R&D investment accounted for 22.42% of the company's operating revenue and 7.04% of net assets during the reporting period[131]. Corporate Governance - The company held 1 annual general meeting and 4 temporary general meetings during the reporting period, ensuring compliance with legal requirements[166]. - The board of directors consists of 9 members, including 3 independent directors, and held 11 meetings during the reporting period[167]. - The company completed 4 periodic reports and 111 temporary announcements, ensuring timely and accurate information disclosure to investors[168]. - The company is enhancing its internal control systems to improve risk management and operational standards[168]. - The company confirmed that there are no significant accounting errors or fraud related to financial reports, maintaining compliance with relevant laws and regulations[193]. Strategic Partnerships and Market Position - The company has established a strategic partnership with Jianyou Co. to enter the U.S. insulin market, with production facilities meeting EU GMP standards[54]. - The company maintains a leading position in the diabetes treatment market, with over 40% market share in human insulin, solidifying its industry leadership[70]. - The company is recognized as a high-tech enterprise and has received multiple certifications, including GMP, enhancing its credibility in the pharmaceutical industry[71]. - The company is advancing its internationalization strategy, focusing on the registration of insulin and GLP-1RA products in overseas markets, while seeking partnerships with large foreign pharmaceutical companies[159]. Employee and Management Changes - The total number of employees in the parent company is 3,349, with 1,396 in sales, 1,050 in production, and 690 in technical roles[199]. - The company has a structured compensation committee that ensures compliance with relevant laws and regulations regarding remuneration[185]. - The company’s management has been actively involved in various other enterprises, indicating a broad network and potential for strategic partnerships[182]. - The company’s management team includes experienced professionals with backgrounds in various fields, enhancing its operational capabilities[176]. - Du Zhiqiang resigned as Vice General Manager due to personal reasons, effective March 31, 2025[180].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 7,161,642,321, representing a 1.10% increase compared to CNY 7,083,601,678 in the same period last year[5] - Net profit attributable to shareholders increased by 31.80% to CNY 233,909,321 from CNY 177,469,351 year-on-year[5] - The net profit after deducting non-recurring gains and losses rose by 55.34% to CNY 235,658,045 compared to CNY 151,703,644 in the previous year[5] - Basic earnings per share increased by 25.32% to CNY 0.11 from CNY 0.09 year-on-year[5] - Net profit for Q1 2025 was ¥344,906,499, representing a 18.1% increase from ¥291,984,821 in Q1 2024[17] - The gross profit margin improved to approximately 26.5% in Q1 2025, compared to 24.5% in Q1 2024[17] - The company reported a basic earnings per share of ¥0.11 for Q1 2025, up from ¥0.09 in Q1 2024[19] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -106,157,590, a significant decrease of 199.22% from CNY 106,994,109 in the same period last year[5] - In Q1 2025, the net cash flow from operating activities was -106,157,590 RMB, compared to 106,994,109 RMB in Q1 2024, indicating a significant decline[21] - Total cash inflow from operating activities decreased to 6,144,847,905 RMB in Q1 2025 from 6,572,717,778 RMB in Q1 2024, a drop of approximately 6.5%[21] - The cash outflow from investing activities was 2,160,017,641 RMB in Q1 2025, up from 1,283,715,808 RMB in Q1 2024, representing an increase of about 68.2%[21] - The cash inflow from investment activities was significantly lower at 308,263,397 RMB in Q1 2025 compared to 1,014,759,132 RMB in Q1 2024, a decline of approximately 69.7%[21] - Cash outflow for purchasing fixed assets and other long-term assets was 641,517,062 RMB in Q1 2025, compared to 569,406,414 RMB in Q1 2024, an increase of about 12.6%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 71,068,870,929, up 2.24% from CNY 69,512,689,187 at the end of the previous year[6] - Total liabilities rose to ¥36,152,798,036, an increase of 4.5% from ¥34,614,884,740 at the end of 2024[14] - The company's total assets increased to ¥71,068,870,929 as of March 31, 2025, up from ¥69,512,689,187 at the end of 2024[14] - Shareholders' equity attributable to shareholders increased by 0.63% to CNY 30,483,590,615 from CNY 30,291,427,176 at the end of the previous year[6] - The total equity attributable to shareholders increased to ¥30,483,590,615 from ¥30,291,427,176 at the end of 2024[14] Non-Recurring Items - Non-recurring gains and losses for the period totaled CNY -1,748,724, primarily due to various adjustments and government subsidies[7] - The company experienced a 31.80% increase in net profit attributable to shareholders due to higher profitability from subsidiaries with high shareholding ratios[8] - The significant decrease in operating cash flow was attributed to increased working capital investments, including receivables[8] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[18]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 2,922,100,908.48 for 2024, a decrease of 17.70% compared to RMB 3,550,393,576.32 in 2023[6]. - Total operating revenue for 2024 was RMB 69,695,135,723.47, representing a year-on-year increase of 14.86% from RMB 60,676,613,395.82 in 2023[21]. - The basic earnings per share for 2024 was RMB 0.94, down 17.54% from RMB 1.14 in 2023[22]. - The total profit for the year was 3.884 billion RMB, a year-on-year decrease of 3.04%[29]. - The company reported a net profit of RMB 1,980,447,209.57 after deducting non-recurring gains and losses, down 23.11% from RMB 2,575,811,881.93 in 2023[21]. - The company plans to distribute a cash dividend of RMB 4.03 per 10 shares, totaling RMB 1,366,315,211.38, which is 46.76% of the net profit attributable to shareholders for 2024[6]. Assets and Liabilities - The company's total assets increased by 17.26% to RMB 142,009,284,851.87 at the end of 2024, up from RMB 121,108,373,341.62 in 2023[21]. - The company’s total liabilities for its major subsidiaries include RMB 503.42 million for Dongfang Electric Group Finance Co., Ltd. and RMB 283.68 million for Dongfang Turbine Co., Ltd.[76]. - Long-term receivables decreased by 89.14% to 21,879,107, compared to 201,486,860 last period[61]. - Long-term equity investments increased by 63.99% to 2,924,014, compared to 1,783,081 last period[62]. - Cash and cash equivalents at the end of the period were CNY 26,855,949,069.93, a 56.78% increase from the previous year[60]. Cash Flow - The net cash flow from operating activities for 2024 was RMB 10,059,491,408.32, a significant recovery from a negative cash flow of RMB -3,495,876,222.59 in 2023[21]. - The company recorded a net cash flow from operating activities of 4.016 billion RMB in Q4[24]. - The cash received from sales of goods and services increased by 22.10% to CNY 73,358,515,737.67 compared to the previous year[58]. Research and Development - R&D investment reached CNY 3.816 billion, accounting for 5.56% of revenue, with 507 new effective patents added during the reporting period[38]. - Research and development expenditure intensity was maintained at over 5%[29]. - The company achieved significant technological advancements, including the successful operation of the world's largest 26 MW offshore wind turbine and the development of a 500 MW impulse hydropower turbine model[30]. Market Position and Orders - The company had a backlog of orders amounting to 152.606 billion RMB, the highest level in history[29]. - New effective orders for 2024 amounted to 101.142 billion RMB, representing a year-on-year growth of 16.88%[29]. - The company’s market share in the offshore wind power sector exceeded 10%, with its subsidiary ranking 6th in new installed capacity among turbine manufacturers[29]. - The company achieved a market share of 41.6% in pumped storage and 45% in conventional hydropower, positioning itself among industry leaders[29]. Compliance and Governance - The company did not report any significant risks or non-compliance issues during the reporting period[9]. - The company has implemented a robust risk management framework, enhancing compliance and legal risk control across its operations[32]. - The company has established a comprehensive governance structure, including rules for shareholder meetings and board operations, ensuring transparency and accountability[92]. Environmental and Social Responsibility - The company has invested CNY 2,590.37 million in social responsibility projects, including CNY 2,490 million for rural revitalization in various counties[176]. - The company has implemented pollution prevention measures, focusing on energy consumption and pollutant discharge control from the source[167]. - The company has established a total of 28 green workshops and 8 provincial-level green factories, with 4 enterprises recognized as national-level green factories[173]. Strategic Initiatives - The company is focusing on digital transformation and smart manufacturing, with two factories recognized as exemplary smart factories by the Ministry of Industry and Information Technology[30]. - The company is committed to advancing its "11256" development strategy, which emphasizes the transformation of traditional industries and the rapid development of strategic emerging industries[81]. - The company plans to enhance its international market research and risk analysis, focusing on clean energy technology innovations to improve its global brand influence[89]. Human Resources - The total number of employees in the company and its main subsidiaries is 18,033, with 8,886 being technical personnel[120]. - The company is focusing on talent development through various training programs to enhance management and professional skills[122][123]. - The number of R&D personnel was 4,272, constituting 23.7% of the total workforce[57].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,098,630,442.10, representing a 0.96% increase compared to CNY 1,088,208,650.63 in the same period last year[2]. - The net profit attributable to shareholders was a loss of CNY 25,055,496.62, a decrease of 255.03% from a profit of CNY 16,161,295.18 in the previous year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 30,261,651.67, a decline of 533.94% compared to CNY 6,973,765.17 last year[2]. - The basic and diluted earnings per share were both CNY -0.0357, down 257.27% from CNY 0.0227 in the same period last year[2]. - Net profit for Q1 2025 was a loss of CNY 23,785,839.12, contrasting with a profit of CNY 18,081,755.41 in Q1 2024, marking a significant decline[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,392,432,107.76, a 0.97% increase from CNY 6,330,839,728.08 at the end of the previous year[2]. - The company's total assets as of the end of the reporting period were CNY 6,392,432,107.76, up from CNY 6,330,839,728.08 at the end of the previous period, reflecting an increase of approximately 1.0%[14]. - Total liabilities increased to CNY 3,199,402,204.08 from CNY 3,146,687,237.25, representing a rise of about 1.7%[12]. - The company's cash and cash equivalents decreased, with short-term borrowings rising to CNY 1,209,688,560.77 from CNY 1,105,351,102.38, an increase of approximately 9.5%[12]. - The total equity attributable to shareholders of the parent company was CNY 2,958,413,353.80, slightly up from CNY 2,952,376,536.20[14]. Cash Flow - The net cash flow from operating activities was a negative CNY 132,291,044.43, compared to a negative CNY 115,211,461.09 in the same period last year[2]. - Cash inflow from operating activities for Q1 2025 was 920,195,860.79 CNY, down 6.06% from 979,841,163.60 CNY in Q1 2024[19]. - Net cash outflow from operating activities for Q1 2025 was -132,291,044.43 CNY, compared to -115,211,461.09 CNY in Q1 2024[19]. - Cash inflow from investment activities for Q1 2025 was 402,793,865.24 CNY, a decrease of 3.5% from 418,380,804.55 CNY in Q1 2024[20]. - Net cash outflow from investment activities for Q1 2025 was -124,972,165.69 CNY, compared to a net inflow of 22,176,836.63 CNY in Q1 2024[20]. - Cash inflow from financing activities for Q1 2025 was 452,925,609.90 CNY, an increase of 53.73% from 294,733,992.00 CNY in Q1 2024[20]. - Net cash inflow from financing activities for Q1 2025 was 141,435,879.42 CNY, compared to 20,617,630.57 CNY in Q1 2024[20]. - The company experienced a cash outflow of 311,489,730.48 CNY from financing activities in Q1 2025, compared to 274,116,361.43 CNY in Q1 2024[20]. Other Financial Metrics - The weighted average return on net assets decreased to -0.8479%, down 1.33 percentage points from 0.4778% in the previous year[2]. - Research and development expenses for Q1 2025 were CNY 36,681,875.17, down from CNY 42,582,332.62 in Q1 2024, indicating a decrease of about 13.9%[15]. - The company reported a significant increase in other comprehensive income, with a net amount of CNY 31,653,054.49 in Q1 2025 compared to a loss of CNY 39,801,513.38 in Q1 2024[16]. - The company's accounts receivable increased to CNY 993,814,998.36 from CNY 857,650,931.19 at the end of the previous year[10]. - The company reported non-recurring gains of CNY 5,206,155.05, primarily from government subsidies and asset disposals[6]. - The company's contract liabilities increased to CNY 100,127,355.59 from CNY 99,254,966.48, showing a growth of approximately 0.9%[12].

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,235,035,781.61, a decrease of 6.21% compared to ¥3,449,234,764.57 in the same period last year[5] - The net profit attributable to shareholders was -¥17,855,492.63, representing a decline of 137.64% from ¥47,434,749.60 in the previous year[5] - The basic earnings per share were -¥0.02, down 166.67% from ¥0.03 in the same period last year[6] - Total revenue for Q1 2025 was CNY 3,235,035,781.61, a decrease of 6.2% compared to CNY 3,449,234,764.57 in Q1 2024[22] - Operating profit for Q1 2025 was CNY 12,457,882.89, a significant decline from CNY 84,022,439.03 in Q1 2024[23] - Net profit for Q1 2025 was a loss of CNY 3,707,772.51, compared to a profit of CNY 71,390,924.21 in Q1 2024[23] - The company reported a basic and diluted earnings per share of CNY -0.02 for Q1 2025, down from CNY 0.03 in Q1 2024[24] Assets and Liabilities - The total assets at the end of the reporting period increased by 6.16% to ¥29,730,646,475.79 from ¥28,006,077,885.07 at the end of the previous year[6] - As of March 31, 2025, the total current assets amounted to RMB 12,548,518,449.01, an increase from RMB 10,778,520,311.35 as of December 31, 2024, representing a growth of approximately 16.5%[17] - The total liabilities as of March 31, 2025, are not explicitly stated but are essential for assessing the company's financial health[16] - Total liabilities increased to CNY 18,545,462,113.53 from CNY 16,756,908,103.43, reflecting a rise in short-term borrowings[19] - The company's total equity decreased to CNY 11,185,184,362.26 from CNY 11,249,169,781.64, indicating a slight decline in shareholder value[19] Cash Flow - The net cash flow from operating activities was ¥49,233,631.83, a decrease of 46.18% compared to ¥91,473,304.58 in the previous year[5] - Total cash inflow from operating activities was $3,953,709,290.57, an increase of 14% from $3,466,062,309.52[27] - Cash outflow for operating activities was $3,904,475,658.74, up from $3,374,589,004.94, indicating an increase of approximately 16%[27] - Total cash inflow from financing activities was $2,323,065,384.42, down from $4,523,909,327.36, representing a decline of approximately 48%[28] - The net cash flow from financing activities was $776,089,674.77, a decrease of 42% from $1,328,605,776.41 in the prior period[28] - Cash and cash equivalents at the end of the period amounted to $4,914,849,762.72, compared to $7,787,478,713.57, a decrease of about 37%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,718[10] - The company has not reported any changes in the top 10 shareholders or their participation in margin financing and securities lending activities[13] - There are no significant related party transactions among the top shareholders, ensuring transparency in ownership structure[13] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[14] - Research and development expenses for Q1 2025 were CNY 109,591,896.97, up from CNY 95,442,622.44 in Q1 2024, indicating a focus on innovation[23] Investment Activities - The investment income for the reporting period decreased by 97.09%, attributed to the decline in the performance of joint ventures[9] - The cash flow from investing activities increased by 60.38%, mainly due to the recovery of equity funds from the disposal of polycarbonate materials[9] - The net cash flow from investing activities was -$421,731,842.38, an improvement from -$1,064,358,169.97 in the previous period[27] - Cash outflow for investing activities totaled $736,058,788.92, compared to $1,064,807,018.86, indicating a reduction of about 31%[27] Other Financial Metrics - The weighted average return on equity decreased by 0.63 percentage points to -0.16% from 0.47% in the previous year[6] - The company reported a significant increase in prepayments of 203.26%, primarily due to an increase in advance payments for materials[8] - Long-term receivables decreased to RMB 2,606,383,588.71 from RMB 2,719,047,737.06, a decline of about 4.1%[17] - Cash and cash equivalents increased to RMB 5,620,671,794.67 from RMB 4,960,149,121.89, reflecting a rise of about 13.3%[17] - Accounts receivable rose to RMB 1,641,661,921.36, up from RMB 1,428,620,089.38, indicating an increase of approximately 14.9%[17] - Inventory levels increased to RMB 1,889,508,094.24 from RMB 1,657,431,758.77, marking a growth of around 14.0%[17] - The company completed the grant registration of the 2024 restricted stock incentive plan, awarding a total of 9,826,000 shares to 215 individuals[14]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 7,592,873,215.97, representing a decrease of 14.00% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 192,758,677.91, showing a slight increase of 0.09% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 126,489,740.94, down 21.71% from the previous year[4] - Total operating revenue for Q1 2025 was CNY 7,592,873,215.97, a decrease of 13.98% compared to CNY 8,829,222,655.06 in Q1 2024[16] - Total operating costs for Q1 2025 were CNY 7,338,522,684.01, down 13.25% from CNY 8,460,149,437.71 in Q1 2024[16] - Net profit for Q1 2025 reached CNY 405,227,286.31, an increase of 37.96% from CNY 293,454,878.47 in Q1 2024[17] - The investment income for Q1 2025 was CNY 227,090,483.35, significantly higher than CNY 3,139,931.86 in Q1 2024[17] - Basic and diluted earnings per share remained stable at CNY 0.11 for both Q1 2025 and Q1 2024[18] - Other comprehensive income for Q1 2025 was CNY -66,583,703.84, compared to CNY -62,542,301.61 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -522,099,972.42, a decline of 159.67% compared to the same period last year[4] - The net cash flow from operating activities in Q1 2025 was negative CNY 522,099,972.42, contrasting with a positive CNY 875,029,430.47 in Q1 2024[20] - In Q1 2025, the cash inflow from operating activities was CNY 12,478,237,651.28, a decrease of 7.85% compared to CNY 14,622,427,332.43 in Q1 2024[19] - The total cash outflow from investing activities in Q1 2025 was CNY 607,702,721.63, down from CNY 1,271,793,256.39 in Q1 2024, indicating a 52.3% reduction[20] - The net cash flow from financing activities in Q1 2025 was negative CNY 365,914,563.12, compared to negative CNY 507,039,750.89 in Q1 2024, showing an improvement of 28%[20] - The company's cash and cash equivalents at the end of Q1 2025 were CNY 15,728,803,547.76, a decrease from CNY 16,746,773,805.48 at the end of Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 54,127,621,354.51, a decrease of 3.94% from the end of the previous year[5] - Total current assets as of March 31, 2025, amount to ¥24,730,631,604.17, a decrease from ¥25,079,022,286.98 as of December 31, 2024[11] - The total liabilities decreased to CNY 32,255,479,219.10 in 2025 from CNY 35,131,359,518.07 in 2024, reflecting a reduction of 8.03%[14] - The total liabilities as of March 31, 2025, were CNY 8,661,837,542.56, down from CNY 9,603,421,735.90 at the end of 2024[23] - The total equity attributable to shareholders increased to CNY 19,871,964,536.99 in 2025 from CNY 19,661,727,541.66 in 2024, showing a growth of 1.07%[14] - The total equity as of March 31, 2025, was CNY 21,288,745,882.13, slightly down from CNY 21,363,419,062.14 at the end of 2024[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 81,549[9] - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, accounting for 47.62% of total shares[9] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[10] - There are no known relationships or concerted actions among the top shareholders, except for Shanghai Bailian Holdings Co., Ltd. being a wholly-owned subsidiary of Bailian Group Co., Ltd.[10] Other Income and Expenses - Non-recurring gains included CNY 232,021,781.37 from the disposal of non-current assets and CNY 30,929,916.54 from government subsidies[6] - The company reported a significant increase of 252.18% in other income, primarily due to increased government subsidies received[7] - Research and development expenses increased to CNY 2,660,243.82 in Q1 2025 from CNY 2,084,505.48 in Q1 2024, indicating a growth of 27.73%[16] Performance Comparison - The company's operating revenue for Q1 2025 reached ¥22,094,395.53, a significant increase from ¥11,148,088.92 in Q1 2024, representing a growth of 98.4%[25] - Operating profit for Q1 2025 was reported at -¥8,078,102.38, compared to a profit of ¥22,446,188.96 in Q1 2024, indicating a decline in profitability[25] - The net profit for Q1 2025 was -¥8,078,230.59, a stark contrast to the net profit of ¥22,536,992.46 in the same period last year[26] - The total comprehensive income for Q1 2025 was -¥74,673,180.01, compared to -¥39,964,825.08 in Q1 2024, reflecting a worsening financial position[26] - Cash flow from operating activities for Q1 2025 was -¥39,216,475.88, compared to -¥18,788,883.94 in Q1 2024, indicating increased cash outflow[27] - Cash flow from investing activities showed a net outflow of -¥356,878,749.48 in Q1 2025, compared to -¥47,136,845.02 in Q1 2024, highlighting significant investment expenditures[28] - Cash flow from financing activities generated a net inflow of ¥215,613,457.41 in Q1 2025, down from ¥326,731,632.22 in Q1 2024, suggesting reduced financing activity[28] - The company's cash and cash equivalents at the end of Q1 2025 stood at ¥7,720,481,589.94, a decrease from ¥7,514,634,217.02 at the end of Q1 2024[28] - The basic and diluted earnings per share for Q1 2025 were both reported as ¥0.00, compared to ¥0.01 in Q1 2024, indicating no earnings for shareholders[26] - The company reported a significant increase in investment income, with ¥9,290,891.31 in Q1 2025 compared to ¥8,802,028.30 in Q1 2024, reflecting improved performance in this area[25]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 853,330,421.15, representing a year-on-year increase of 1.20% compared to CNY 843,170,720.04 in the same period last year[4]. - The net profit attributable to shareholders decreased by 44.79% to CNY 120,371,754.23 from CNY 218,027,080.74 in the previous year[4]. - Basic and diluted earnings per share decreased by 45.45% to CNY 0.06 from CNY 0.11 in the previous year[4]. - Net profit for Q1 2025 decreased to CNY 126,840,978.05, down 44.41% from CNY 227,978,283.16 in Q1 2024[21]. - Earnings per share for Q1 2025 was CNY 0.06, compared to CNY 0.11 in Q1 2024[22]. - The company's net profit for Q1 2025 was -2,443,756.56 RMB, compared to -1,504,470.16 RMB in Q1 2024, indicating a decline in profitability[33]. - The total comprehensive income for Q1 2025 was -2,443,756.56 RMB, reflecting the same loss as the net profit[33]. Cash Flow - The net cash flow from operating activities was negative at CNY -213,058,362.20, a decline of 576.11% compared to CNY 44,749,881.09 in the same period last year[4]. - Cash generated from operating activities in Q1 2025 was CNY 1,080,002,288.06, significantly higher than CNY 748,979,046.16 in Q1 2024[24]. - The net cash inflow from operating activities was -213,058,362.20 RMB, a decrease from 44,749,881.09 RMB in the previous year[25]. - The net cash flow from operating activities for Q1 2025 was -1,385,773.32 RMB, an improvement from -1,812,134.69 RMB in Q1 2024[35]. - The company reported cash received from other operating activities of 23,649.25 RMB in Q1 2025, a decrease from 67,855.04 RMB in Q1 2024[35]. - The cash outflow for other operating activities in Q1 2025 was 557,237.52 RMB, down from 1,405,676.59 RMB in Q1 2024[35]. Assets and Liabilities - Total assets increased by 1.24% to CNY 40,567,869,502.40 from CNY 40,070,451,242.79 at the end of the previous year[5]. - The company's total current assets decreased from 10,256,220,772.92 RMB as of December 31, 2024, to 9,880,807,124.32 RMB as of March 31, 2025, representing a decline of approximately 3.67%[14][15]. - Total liabilities as of the latest reporting period amounted to CNY 30,454,441,948.28, an increase from CNY 30,080,889,108.42[17]. - Total equity increased to CNY 10,113,427,554.12 from CNY 9,989,562,134.37[17]. - Non-current liabilities totaled CNY 23,863,327,674.01, up from CNY 23,438,980,797.64[17]. - Current liabilities decreased slightly to CNY 6,591,114,274.27 from CNY 6,641,908,310.78[17]. - The total assets increased to 10,376,983,328.13 RMB from 9,868,783,826.21 RMB, reflecting a growth of approximately 5.16%[29][30]. - The total liabilities rose to 2,078,985,789.47 RMB from 1,568,342,530.99 RMB, indicating an increase of about 32.5%[30]. - The total equity decreased slightly to 8,297,997,538.66 RMB from 8,300,441,295.22 RMB[30]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 63,497[10]. - The largest shareholder, Tianjin Jinkai Enterprise Management Co., Ltd., holds 247,128,727 shares, accounting for 12.37% of total shares[10]. Inventory and Borrowings - The company reported a significant increase in inventory, up 1,584.22%, primarily due to increased stockpiling[7]. - The company experienced a 114,698.40% increase in short-term borrowings, attributed to temporary borrowing for project turnover[7]. Expenses - Total operating costs for Q1 2025 rose to CNY 693,042,372.03, up 7.25% from CNY 645,890,347.98 in Q1 2024[20]. - Research and development expenses decreased by 34.93%, reflecting changes in project progress scheduling[8]. - The company reported a management expense of 2,085,883.20 RMB in Q1 2025, up from 1,568,005.51 RMB in Q1 2024[32]. - The company reported a significant increase in financial expenses, totaling CNY 201,035,444.49 in Q1 2025 compared to CNY 195,362,340.72 in Q1 2024[21]. Government Subsidies - The company received government subsidies amounting to CNY 6,453,000.00, which are closely related to its normal business operations[6]. Accounting Standards - The company has not yet adopted new accounting standards for the year 2025[36].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 16.52 billion, representing a 7.72% increase compared to CNY 15.34 billion in the same period last year[3]. - Net profit attributable to shareholders for Q1 2025 was CNY 6.65 billion, up 6.15% from CNY 6.26 billion year-on-year[3]. - The basic earnings per share for Q1 2025 increased to CNY 5.45, a rise of 6.24% from CNY 5.13 in the previous year[3]. - Total operating revenue for Q1 2025 reached ¥16,522,645,535.50, an increase of 7.73% compared to ¥15,338,104,001.25 in Q1 2024[14]. - Net profit for Q1 2025 was ¥6,655,583,906.21, representing a 6.20% increase from ¥6,266,473,249.60 in Q1 2024[15]. - Earnings per share for Q1 2025 were ¥5.45, compared to ¥5.13 in Q1 2024, reflecting a growth of 6.23%[15]. Assets and Equity - The total assets at the end of Q1 2025 reached CNY 56.10 billion, marking a 4.87% increase from CNY 53.50 billion at the end of the previous year[3]. - The company's total assets increased to ¥56,101,848,670.71 in the latest reporting period, up from ¥53,495,197,888.51[11]. - The equity attributable to shareholders increased by 10.47% to CNY 38.39 billion from CNY 34.75 billion year-on-year[3]. - The company's equity attributable to shareholders rose to ¥38,393,077,369.06, compared to ¥34,753,830,416.04, marking an increase of 10.00%[11]. Cash Flow - The net cash flow from operating activities for Q1 2025 was CNY 7.03 billion, showing a slight decrease of 0.21% compared to CNY 7.04 billion in the same period last year[3]. - In Q1 2025, the cash inflow from operating activities was approximately ¥13.90 billion, a decrease of 2.59% compared to ¥14.27 billion in Q1 2024[18]. - The net cash flow from operating activities was ¥7.03 billion, slightly down from ¥7.04 billion in the same period last year, reflecting a decrease of 0.01%[18]. - Cash inflow from investment activities totaled approximately ¥12.81 billion, down 13.63% from ¥14.84 billion in Q1 2024[19]. - The net cash flow from investment activities was -¥2.96 billion, an improvement from -¥5.30 billion in Q1 2024[19]. - The ending cash and cash equivalents balance was ¥7.18 billion, up from ¥5.51 billion in Q1 2024, representing a growth of 30.67%[19]. Costs and Expenses - Total operating costs for Q1 2025 were ¥7,608,746,231.88, up 9.00% from ¥6,978,678,492.84 in Q1 2024[14]. - The company reported a significant increase in tax expenses, totaling ¥2,232,295,673.89 in Q1 2025, compared to ¥2,098,356,413.57 in Q1 2024[15]. - Research and development expenses for Q1 2025 were ¥33,959,260.13, up from ¥23,979,107.47 in Q1 2024, showing a growth of 41.67%[14]. - The cash paid for purchasing goods and services was approximately ¥1.53 billion, an increase of 15.77% from ¥1.32 billion in Q1 2024[18]. - The cash paid to employees was ¥1.50 billion, up from ¥1.38 billion in the same period last year, reflecting a growth of 8.30%[18]. Shareholder Information - The company reported a total of 68,498 common shareholders at the end of the reporting period[5]. - The largest shareholder, Shanxi Xinghuacun Fenjiu Group Co., Ltd., holds 56.65% of the shares[5]. Non-Recurring Items - Non-recurring losses for the period amounted to CNY -8.03 million, primarily due to other operating income and expenses[6]. - The company’s investment income showed a loss of ¥14,733,246.55 in Q1 2025, contrasting with a gain of ¥2,667,911.03 in Q1 2024[14].

Financial Performance - The company's revenue for Q1 2025 was ¥3,771,800,382.54, a decrease of 25.43% compared to ¥5,057,894,510.44 in the same period last year[5] - The net loss attributable to shareholders was ¥355,829,529.74, an improvement of 18.93% from a loss of ¥438,901,866.58 in the previous year[5] - The basic earnings per share improved by 18.18% to -¥0.18 from -¥0.22 in the same period last year[5] - Operating profit was reported at -¥529,873,737.53, compared to -¥499,748,139.23 in the previous period, indicating a slight increase in losses[23] - Net profit for the period was -¥33,546,469.23, compared to -¥497,087,339.71 in the previous year, showing an improvement in losses[23] - The total comprehensive income for the period was -548,486,472.76 CNY, compared to -546,732,751.56 CNY in the previous period[24] Cash Flow - The net cash flow from operating activities was -¥1,571,355,929.64, a significant decline of 1,422.07% compared to a positive cash flow of ¥118,855,695.01 in the same period last year[5] - Cash inflow from operating activities totaled 4,348,702,785.36 CNY, down from 6,476,823,773.54 CNY year-over-year[25] - Cash outflow from operating activities was 5,920,058,715.00 CNY, compared to 6,357,968,078.53 CNY in the previous period[26] - The net cash flow from investing activities was -293,030,154.15 CNY, an improvement from -2,079,431,243.89 CNY in the previous period[26] - The net cash flow from financing activities increased by 76.39% to ¥2,775,717,105.32, primarily due to an increase in cash received from borrowings[9] - Cash inflow from financing activities increased to 7,155,576,888.23 CNY, up from 5,030,908,940.98 CNY year-over-year[26] - The ending cash and cash equivalents balance was 6,542,901,518.06 CNY, down from 8,921,539,762.30 CNY in the previous period[26] Assets and Liabilities - The total assets increased by 3.67% to ¥104,528,756,661.41 from ¥100,832,297,997.29 at the end of the previous year[5] - Total liabilities rose to ¥57,443,135,753.36 from ¥53,244,401,050.02, marking an increase of about 7.5%[20] - Non-current liabilities increased to ¥22,933,578,817.21 from ¥21,574,483,398.98, a rise of approximately 6.3%[20] - The company’s equity attributable to shareholders decreased to ¥41,401,809,338.42 from ¥41,782,387,599.11, a decline of about 0.9%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 295,588, with 295,547 being A-share holders and 41 being H-share holders[10] - The largest shareholder, HKSCC NOMINEES LIMITED, holds 20.00% of shares, totaling 403,531,126 shares[10] - The second-largest shareholder, Li Liangbin, holds 18.77% of shares, totaling 378,637,819 shares, with 283,978,364 shares pledged[10] Investments and Projects - The company plans to invest RMB 200 million in a partnership with professional investment institutions for the establishment of a limited partnership[14] - The Mariana lithium salt lake project in Argentina has commenced production, with an annual capacity of 20,000 tons of lithium chloride planned[15] - The company has agreed to acquire 100% equity of Shenzhen Yichu Energy Technology Co., Ltd. for RMB 200 million[16] - The company plans to maintain its capital contribution to Shenzhen Yichu at RMB 45 million while increasing its paid-in capital by RMB 25 million[16] Inventory and Receivables - Inventory levels rose to RMB 9,608,933,807.50 from RMB 8,613,142,724.73 at the beginning of the period[18] - Accounts receivable decreased to RMB 3,271,736,112.66 from RMB 3,967,481,271.47 at the beginning of the period[18] Research and Development - Research and development expenses were reported at ¥190,349,700.04, down from ¥216,843,411.11, a decrease of approximately 12.2%[23] Government Subsidies - The company recorded a total of ¥106,501,158.94 in government subsidies related to its normal business operations during the reporting period[6]