雪天盐业(600929) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,131,830,332, a decrease of 27.24% compared to CNY 1,555,591,026 in the same period last year[4]. - Net profit attributable to shareholders was CNY 26,780,277.50, down 85.64% from CNY 186,547,790.30 year-on-year[4]. - The net profit excluding non-recurring gains and losses dropped by 98.89%, amounting to CNY 1,539,725.99 compared to CNY 138,747,304.96 in the previous year[4]. - Basic and diluted earnings per share were both CNY 0.0161, reflecting an 85.68% decline from CNY 0.1124 in the same quarter last year[4]. - Total operating revenue for Q1 2025 was ¥1,131,830,332, a decrease of 27.3% compared to ¥1,555,591,026 in Q1 2024[21]. - Net profit for Q1 2025 was ¥30,901,050, a decline of 83.7% from ¥189,759,385 in Q1 2024[22]. Cash Flow and Expenses - Cash flow from operating activities decreased by 67.72%, totaling CNY 32,342,308.44, primarily due to reduced cash inflows from sales[4][9]. - Cash flow from operating activities for Q1 2025 was ¥32,342,308, down 67.7% from ¥100,199,305 in Q1 2024[25]. - The company reported a net cash outflow from investing activities of ¥50,873,433 in Q1 2025, compared to a net outflow of ¥101,651,016 in Q1 2024[25]. - The company experienced a net cash outflow from financing activities of ¥29,950,832 in Q1 2025, compared to a net outflow of ¥92,752,036 in Q1 2024[25]. - Research and development expenses for Q1 2025 were ¥25,478,841, a decrease of 20.2% from ¥32,002,611 in Q1 2024[21]. - Sales expenses for Q1 2025 were ¥68,468,439, down 22.6% from ¥88,449,051 in Q1 2024[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,142,216,315.58, representing a 1.57% increase from CNY 10,969,955,712.53 at the end of the previous year[5]. - As of March 31, 2025, the total assets of the company amounted to RMB 11,142,216,315.58, an increase from RMB 10,969,955,712.53 at the end of December 2024[18]. - The company's total current assets reached RMB 3,823,025,082.76, compared to RMB 3,587,121,135.12 at the end of December 2024, reflecting a growth of approximately 6.6%[16]. - The total liabilities increased to RMB 2,910,873,895.33 from RMB 2,772,573,621.36, indicating a rise of about 5%[18]. - The company's cash and cash equivalents were reported at RMB 1,856,456,733.74, slightly down from RMB 1,904,938,363.11 in December 2024[16]. - Accounts receivable rose to RMB 158,699,452.73, up from RMB 86,658,044.79, marking an increase of approximately 83%[16]. - The company's inventory decreased to RMB 366,534,218.16 from RMB 409,058,626.16, a decline of about 10.4%[16]. - The total equity attributable to shareholders was RMB 7,658,661,100.50, a slight increase from RMB 7,629,183,868.77[18]. - The company reported a decrease in short-term borrowings to RMB 33,434,822.56 from RMB 56,795,339.76, a reduction of approximately 41%[18]. - The company's long-term investments remained stable at RMB 125,048,493.12[17]. - The total non-current assets were reported at RMB 7,319,191,232.82, a slight decrease from RMB 7,382,834,577.41[17]. Market Conditions - The decline in net profit was attributed to a significant drop in market prices for some of the company's main products, leading to weakened profitability[9]. - The weighted average return on equity fell to 0.35%, a decrease of 2.06 percentage points from 2.41%[5]. - The total number of ordinary shareholders at the end of the reporting period was 41,564[10].