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].

神马实业股份有限公司2025 年第一季度报告 证券代码：600810 证券简称：神马股份 神马实业股份有限公司 2025 年第一季度报告 1 / 13 神马实业股份有限公司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、主管会计工作负责人及会计机构负责人（会计主管人员）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 | | | | 本报告期比上年同 | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 期增减变动幅度 | | | | | (%) | | 营业收入 | 3,235,035,781.61 | 3,449,234,764.57 | -6.21 | | 归属于上市公司股 ...

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]

金开新能源股份有限公司2025 年第一季度报告 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 金开新能源股份有限公司 2025 年第一季度报告 单位：元 币种：人民币 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。 | | | 本报告期比上年同 | | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 期增减变动幅度 | | | | | (%) | | | 营业收入 | 853,330,421.15 | 843,170,720.04 | 1.20 | | 归属于上市公司股东的净利 | 120,371,754.23 | 218,027,080.74 | -44.79 | | 润 | | | | | 归属于上市公司股东的扣除 | 113,112,709.90 | 176,246,50 ...

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].