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]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 24.42 billion, an increase of 2.13% compared to CNY 23.91 billion in the same period last year[5]. - Net profit attributable to shareholders was CNY 444.69 million, a significant increase of 122.99% from a loss of CNY 1.93 billion in the previous year[5]. - The net cash flow from operating activities reached CNY 966.67 million, representing a remarkable increase of 633.20% compared to CNY 131.84 million in the same period last year[5]. - Basic and diluted earnings per share improved to CNY 0.09, up 120.93% from a loss of CNY 0.43 per share in the previous year[5]. - The weighted average return on equity increased to 1.64%, up 10.27 percentage points from -8.63% in the same period last year[5]. - Total operating revenue for the current period reached ¥24,417,096,879.71, an increase from ¥23,908,453,072.71 in the previous period, reflecting a growth of approximately 2.12%[17]. - Net profit for the current period was ¥505,543,244.48, a significant recovery from a net loss of ¥2,360,959,435.11 in the previous period[18]. - The company reported an operating profit of ¥659,454,173.24, compared to an operating loss of ¥2,225,280,270.81 in the previous period[18]. - The total comprehensive income attributable to the parent company was CNY 224,910,225.75, compared to a loss of CNY 2,068,345,080.62 in the previous period[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 117.94 billion, a slight increase of 0.03% from CNY 117.91 billion at the end of the previous year[5]. - Total assets amounted to ¥117,943,565,394.65, slightly up from ¥117,913,645,385.32[16]. - Total liabilities increased to ¥81,674,860,181.71 from ¥81,368,210,423.30, indicating a rise of approximately 0.38%[16]. - The company's equity attributable to shareholders rose to ¥25,730,226,442.35 from ¥25,657,330,263.70, showing a growth of about 0.28%[16]. Cash Flow - The net cash flow from operating activities was CNY 966,674,184.89, an increase from CNY 131,843,313.43 in the previous period[20]. - Cash inflow from operating activities totaled CNY 24,625,416,447.86, down from CNY 25,008,289,843.02 in the previous period[20]. - The net cash flow from investing activities was -CNY 390,338,743.28, an improvement from -CNY 1,023,396,257.15 in the previous period[21]. - The net cash flow from financing activities was -CNY 636,501,819.41, compared to a positive cash flow of CNY 988,614,403.95 in the previous period[21]. - The total cash and cash equivalents at the end of the period were CNY 7,210,603,023.29, down from CNY 8,689,734,369.49 at the end of the previous period[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 221,296[10]. - The company has a significant shareholder structure, with the largest shareholder, Nanfang Hope Industry Co., Ltd., holding 1,328,957,185 shares, representing a substantial portion of the equity[11]. - The company has not reported any significant changes in its financing or securities lending activities among its top shareholders[11]. Management and Governance - The company has appointed Liu Chang as the chairman of the board for a term of three years, indicating a stable leadership structure moving forward[13]. - The board of directors has established several committees, including a strategic development committee, which will focus on long-term growth strategies[13]. - The company is preparing for its 2025 annual general meeting, which will include the election of new board members and committee members, ensuring governance continuity[12]. Market and Product Development - The company is actively engaging in market expansion and product development, although specific new products or technologies were not detailed in the call[12]. - The company plans to focus on market expansion and new product development in the upcoming quarters to sustain growth momentum[18].

Financial Performance - The company's revenue for Q1 2025 reached ¥154,625,639.82, representing a 21.26% increase compared to ¥127,512,544.71 in the same period last year[4] - Net profit attributable to shareholders was ¥24,758,633.18, a significant increase of 137.33% from ¥10,432,130.79 year-on-year[4] - Basic earnings per share improved to ¥0.10, up 150.00% from ¥0.04 in the same quarter last year[4] - The company reported a 220.39% increase in operating profit to ¥28,954,577.54, driven by the overall impact of revenue, costs, and expenses[9] - Net profit for the current period was ¥24,758,633.18, a significant increase from ¥9,460,857.67 in the previous period, representing a growth of 162.2%[22] - The company reported a basic and diluted earnings per share of ¥0.10, up from ¥0.04 in the previous period[23] Cash Flow - The net cash flow from operating activities surged to ¥35,175,408.79, marking a 3,887.65% increase from a negative cash flow of ¥928,687.28 in the previous year[4] - Cash inflow from operating activities totaled ¥201,443,162.29, compared to ¥166,298,901.79 in the previous period, indicating a growth of 21.1%[24] - The net increase in cash and cash equivalents was ¥36,291,312.27, a significant improvement compared to a decrease of ¥21,326,234.24 in the previous year[10] - The ending balance of cash and cash equivalents was ¥399,844,004.56, up from ¥351,863,380.89 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,186,903,351.93, reflecting a 2.13% increase from ¥1,162,173,495.48 at the end of the previous year[4] - Total current assets increased to ¥923,534,907.31 from ¥895,350,920.46, reflecting a growth of approximately 3.2%[18] - Cash and cash equivalents rose to ¥421,128,739.04 from ¥384,839,537.12, an increase of about 9.4%[18] - The balance of accounts payable increased to ¥164,840,996.61 from ¥149,632,774.04, marking a rise of 10.1%[19] - The total liabilities increased slightly to ¥368,643,326.38 from ¥367,982,861.67, showing a marginal rise of 0.2%[19] - The total equity attributable to shareholders increased to ¥818,260,025.55 from ¥794,190,633.81, representing a growth of 3.0%[19] Expenses - Management expenses decreased by 53.39% to ¥10,844,952.23 from ¥23,266,454.29 in the previous year, primarily due to reduced share-based payments[8] - Research and development expenses fell by 33.78% to ¥7,939,901.84, attributed to changes in the scope of consolidation[8] - Total operating costs amounted to ¥134,182,930.30, slightly up from ¥132,362,039.79, with operating costs specifically rising from ¥79,761,003.57 to ¥100,918,453.18, reflecting a 26.5% increase[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,373[12] - The largest shareholder, Wu Xian, holds 32.86% of shares, amounting to 79,729,018 shares, with 32,368,200 shares pledged[12] - The total number of preferred shareholders at the end of the reporting period is 0, indicating no preferred shares issued[14] Other Information - The company did not undergo an audit for the first quarter report[26] - The new accounting standards will be implemented starting in 2025[27]

Financial Performance - The company's revenue for Q1 2025 was approximately ¥2.58 billion, a slight decrease of 0.02% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥104.27 million, a significant increase of 102.68% from a net loss of ¥3.90 billion in the previous year[5]. - Basic and diluted earnings per share improved to ¥0.06, compared to a loss of ¥2.38 per share in the same quarter last year, reflecting a 102.52% increase[5]. - The total operating revenue for the current period was approximately 2.58 billion RMB, slightly down from 2.58 billion RMB in the previous period[26]. - Net profit for the current period is approximately ¥782.46 million, a significant recovery from a net loss of ¥830.56 million in the previous period[27]. - The company reported an operating profit of approximately ¥1.10 billion, compared to an operating loss of ¥514.35 million in the previous period[27]. - The total comprehensive income for the current period is approximately ¥584.88 million, a recovery from a loss of ¥1.31 billion in the previous period[28]. Cash Flow and Assets - The net cash flow from operating activities decreased by 69.73% to ¥951.68 million, primarily due to a decline in cash received from sales[5]. - Cash flow from operating activities for the current period is approximately ¥951.68 million, down from ¥3.14 billion in the previous period[30]. - Cash flow from investing activities shows a net outflow of approximately ¥1.17 billion, an improvement from a net outflow of ¥2.09 billion in the previous period[30]. - Cash flow from financing activities generated a net inflow of approximately ¥2.62 billion, compared to a net outflow of ¥1.04 billion in the previous period[30]. - The company's cash and cash equivalents increased to approximately 8.20 billion RMB from 5.77 billion RMB at the beginning of the period[22]. - The ending cash and cash equivalents balance is approximately ¥8.05 billion, down from ¥9.11 billion in the previous period[30]. - Total assets increased by 4.74% to approximately ¥71.93 billion compared to the end of the previous year[5]. - The company's total liabilities as of March 31, 2025, were approximately 22.53 billion RMB, up from 19.50 billion RMB at the beginning of the period[24]. - The company's total current assets increased to approximately 15.00 billion RMB from 12.85 billion RMB at the beginning of the period[22]. - The company's total non-current assets were approximately 56.93 billion RMB, compared to 55.83 billion RMB at the beginning of the period[24]. - The company's retained earnings as of March 31, 2025, were approximately 15.44 billion RMB, compared to 15.29 billion RMB at the beginning of the period[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 288,280[13]. - Chengdu Tianqi Industrial (Group) Co., Ltd. holds 25.37% of shares, totaling 416,316,432 shares[14]. - HKSCC NOMINEES LIMITED holds 10.00% of shares, totaling 164,110,645 shares[14]. - The company has approved a restricted stock incentive plan involving 467,966 shares, accounting for 0.0285% of the total share capital[16]. - The first batch of restricted stock granted is 459,766 shares, approximately 98.2% of the total[17]. - The first batch of restricted stock is priced at RMB 16.71 per share[17]. - The company has 0 preferred shareholders at the end of the reporting period[15]. - The company has not identified any related party relationships among the top shareholders[14]. Project and Investment Updates - The company has decided to terminate the investment in the second phase of the 24,000 tons/year battery-grade lithium hydroxide project due to unfavorable market conditions and economic feasibility analysis[20]. - Cumulative investment in the second phase of the lithium hydroxide project reached approximately $207 million (about 1.484 billion RMB) as of December 31, 2024[19]. - The total estimated investment for the second phase project was approximately 328 million AUD (about 1.709 billion RMB) with a construction period of 26 months[19]. Market and Operational Insights - The pricing mechanism for lithium concentrate has been updated to align more closely with market prices, reducing the previous mismatch in pricing cycles[10]. - The production and sales volume of lithium compounds and derivatives increased year-on-year, contributing to the improved profitability[9]. - The company anticipates continued growth in performance, supported by favorable market conditions and operational improvements[9]. Miscellaneous - The first quarter report of Tianqi Lithium Industries, Inc. is unaudited[31]. - The new accounting standards will be implemented starting in 2025[31]. - The financial statement items related to the first year of implementation will be adjusted accordingly[31]. - The board of directors announced the report on April 30, 2025[31].

Financial Performance - The company's revenue for Q1 2025 reached ¥1,086,817,759.72, representing an increase of 11.03% compared to ¥978,861,113.06 in the same period last year[5] - Net profit attributable to shareholders was ¥27,969,678.01, up 26.75% from ¥22,067,444.45 year-on-year[5] - The net profit after deducting non-recurring gains and losses decreased by 18.02% to ¥25,137,534.76 from ¥30,662,140.07 in the previous year[5] - Total operating revenue for the current period reached ¥1,086,817,759.72, an increase of 11% compared to ¥978,861,113.06 in the previous period[18] - Net profit for the current period was ¥27,295,844.64, representing a 25.5% increase from ¥21,702,996.40 in the previous period[19] - The company reported a total comprehensive income of ¥21,777,397.99, compared to ¥19,880,183.65 in the previous period, indicating a growth of 9.5%[19] Cash Flow - The net cash flow from operating activities was ¥62,653,998.05, a significant decline of 63.73% compared to ¥172,743,241.14 in the same period last year[5] - Cash flow from operating activities generated a net amount of ¥62,653,998.05, a decrease of 63.8% from ¥172,743,241.14 in the previous period[20] - Net cash flow from investing activities was -$5,260,994.20, compared to -$92,870,712.00 in the previous period, indicating a significant improvement[21] - Total cash inflow from financing activities reached $1,054,024,741.69, up from $648,095,256.60 year-over-year[21] - Net cash flow from financing activities was $190,716,627.10, a turnaround from -$112,367,816.33 in the previous period[21] - The net increase in cash and cash equivalents was $242,591,184.30, contrasting with a decrease of -$34,318,099.95 in the prior year[21] - The ending balance of cash and cash equivalents stood at $705,540,912.71, compared to $405,317,872.38 at the end of the previous period[21] - Cash inflow from loans amounted to $754,997,483.06, compared to $539,937,880.68 in the previous period[21] - Cash outflow for debt repayment was $558,530,977.32, slightly down from $600,930,540.89 year-over-year[21] - Cash outflow related to financing activities totaled $863,308,114.59, compared to $760,463,072.93 in the previous period[21] - The impact of exchange rate changes on cash and cash equivalents was -$5,518,446.65, compared to -$1,822,812.76 in the previous period[21] Assets and Liabilities - Total assets increased by 5.04% to ¥5,285,828,815.83 from ¥5,032,297,540.12 at the end of the previous year[5] - Total assets increased to ¥5,285,828,815.83 from ¥5,032,297,540.12, reflecting a growth of about 5%[14] - Total liabilities increased to ¥1,733,818,000.65 from ¥1,502,340,736.65, indicating a growth of around 15.4%[14] - Short-term borrowings rose to ¥861,234,720.33 from ¥664,869,518.70, an increase of approximately 29.5%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,351[11] - The top three shareholders, Xu Tuanhua, Xu Qingfang, and Xu Xianda, collectively hold 51.07% of the shares[11] - The company issued 33,670,033 new ordinary shares in September 2024, which will be tradable after a 6-month lock-up period[12] - The company has a total of 12,881,900 shares held in a repurchase account, accounting for 1.63% of the total share capital[11] - The employee stock ownership plan allows for a 30% unlock of shares, totaling 852,270 shares, by February 2025[12] Research and Development - Research and development expenses decreased by 41.72% to ¥12,118,503.91 from ¥20,794,651.29 in the previous year[9] - Research and development expenses decreased to ¥12,118,503.91 from ¥20,794,651.29, a reduction of approximately 41.7%[18] Investment Income - Investment income surged by 923.81% to ¥3,618,763.21 from ¥353,460.62 in the same period last year[9] - The company recorded an investment income of ¥3,618,763.21, significantly higher than ¥353,460.62 in the previous period[18] Other Income - The company reported a significant increase in non-operating income, which rose to ¥80,208.94, down 67.17% from ¥244,330.76 in the previous year[9] - Other comprehensive income after tax was reported at -¥5,518,446.65, worsening from -¥1,822,812.75 in the previous period[19] Audit Information - The company did not undergo an audit for the first quarter report[22]

Financial Performance - The company's revenue for Q1 2025 was CNY 2,728,626,155.64, representing a 17.23% increase compared to CNY 2,327,574,815.97 in the same period last year[5] - Net profit attributable to shareholders decreased by 83.57% to CNY 25,986,601.51 from CNY 158,141,200.24 year-on-year[5] - The weighted average return on equity decreased to 0.11% from 0.59% year-on-year[5] - Net profit for the current period was ¥13,899,219.04, a significant decrease of 91.2% compared to ¥157,214,798.22 in the previous period[22] - Basic earnings per share decreased to ¥0.03 from ¥0.16, indicating a decline in profitability per share[22] Cash Flow - The net cash flow from operating activities fell by 72.73% to CNY 124,302,344.45, down from CNY 455,833,032.02 in the previous year[5] - Net cash flow from operating activities was $124.30 million, a decrease of 72.7% compared to $455.83 million in the previous period[24] - The company reported a net increase in cash and cash equivalents of $45.58 million, down from $352.96 million in the previous period[25] - The ending balance of cash and cash equivalents was $1.78 billion, compared to $3.14 billion at the end of the previous period[25] - Cash paid for purchasing goods and services was $1.26 billion, down from $1.90 billion, indicating a reduction in operational expenses[24] Assets and Liabilities - Total assets increased by 1.16% to CNY 47,745,549,867.03 compared to CNY 47,199,637,500.22 at the end of the previous year[5] - Total liabilities rose to ¥21,387,296,718.91, compared to ¥20,994,639,016.43 in the previous period, marking an increase of 1.9%[20] - The company reported a total current assets of approximately RMB 13.90 billion as of March 31, 2025, compared to RMB 13.82 billion at the beginning of the period, showing a slight increase[18] - The company’s total non-current assets amounted to ¥33,848,124,996.35, slightly up from ¥33,375,210,611.36, reflecting ongoing investments[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 96,765[10] - The top shareholder, Paul Xiaoming Lee, holds 13.25% of the shares, amounting to 128,443,138 shares, with a significant portion pledged[11] Operational Expenses - Total operating costs increased to ¥2,757,617,981.05, up 22.1% from ¥2,258,788,907.70 in the previous period, with operating costs specifically rising from ¥1,888,346,166.57 to ¥2,260,926,584.08[21] - Sales expenses surged by 95.85% to CNY 35,412,937.87, primarily due to increased advertising costs[9] - Cash paid to employees increased to $384.35 million from $358.10 million, reflecting a rise in labor costs[24] Agreements and Contracts - The company signed a supply agreement with LG Energy Solution, expecting to supply approximately 3.55 billion square meters of lithium battery separator film from 2025 to 2027[13] - The company entered into a procurement framework agreement with Beijing Weilan New Energy, anticipating orders for no less than 300 million square meters of semi-solid and all-solid battery electrolyte separators and at least 100 tons of all-solid battery electrolytes from 2025 to 2030[13] Cash Flow from Financing Activities - The company experienced a 44.05% increase in cash inflow from financing activities, totaling CNY 3,346,418,373.29, driven by increased bill financing[9] - Cash inflow from financing activities reached $3.35 billion, compared to $2.32 billion, with net cash flow of $479.54 million, a decrease of 8.1% from $521.83 million[24] Research and Development - Research and development expenses increased to ¥170,643,526.65, up from ¥153,099,156.13, indicating a focus on innovation[21] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable, which rose by 97.29% to CNY 731,256,877.65, attributed to an increase in received bills[9] - Accounts receivable decreased to approximately RMB 5.25 billion from RMB 6.10 billion, indicating a reduction of about 14%[18] - Inventory increased slightly to approximately RMB 2.99 billion from RMB 2.96 billion, reflecting a growth of about 0.9%[18]