中信特钢(000708) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥26,839,851,272.30, a decrease of 5.59% compared to ¥28,428,786,439.94 in the same period last year[4] - Net profit attributable to shareholders was ¥1,383,790,825.91, representing an increase of 1.76% from ¥1,359,809,828.84 year-on-year[4] - Basic earnings per share increased by 1.86% to ¥0.274 from ¥0.269 in the same period last year[4] - The net profit for the current period is CNY 1,446,458,709.26, compared to CNY 1,420,319,533.15 in the previous period, reflecting an increase of approximately 1.7%[19] - The total profit for the current period is CNY 1,754,654,134.73, up from CNY 1,619,348,204.07, indicating a growth of about 8.3%[19] - The total comprehensive income for the current period is CNY 1,444,453,170.65, compared to CNY 1,420,644,002.05 in the previous period, marking an increase of about 1.7%[21] Cash Flow and Liquidity - The net cash flow from operating activities improved by 32.17%, reaching -¥946,320,390.66 compared to -¥1,395,168,766.51 in the previous year[4] - The cash flow from operating activities showed a net outflow of CNY -946,320,390.66, an improvement from CNY -1,395,168,766.51 in the previous period[22] - Cash and cash equivalents decreased to CNY 6,388,849,418.25 from CNY 8,833,495,129.53, representing a decline of 27.6%[14] - The cash and cash equivalents at the end of the period amounted to CNY 5,881,273,430.64, compared to CNY 5,118,159,519.27 at the end of the previous period[23] - The investment activities resulted in a net cash outflow of CNY -229,696,610.24, compared to CNY -268,779,918.21 in the previous period, showing an improvement[22] - The financing activities generated a net cash outflow of CNY -1,077,211,274.17, slightly worse than CNY -1,063,603,647.23 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥110,289,253,957.37, a decrease of 0.68% from ¥111,043,379,345.44 at the beginning of the year[5] - Total assets amounted to CNY 110,289,253,957.37, a slight decrease from CNY 111,043,379,345.44[15] - Total liabilities decreased to CNY 65,295,479,971.24 from CNY 67,215,006,732.97, a reduction of 2.8%[16] Shareholder Information - The company reported a total of 41,247 common shareholders at the end of the reporting period[10] - The largest shareholder, CITIC TaiFu Special Steel Investment Co., Ltd., holds 75.05% of the shares, totaling 3,787,987,284 shares[10] - Shareholders' equity attributable to shareholders increased by 3.67% to ¥42,432,611,787.44 from ¥40,930,430,985.00 at the beginning of the year[5] Operating Performance - Total operating revenue for the current period was CNY 26,839,851,272.30, a decrease of 5.6% compared to CNY 28,428,786,439.94 in the previous period[18] - Total operating costs for the current period were CNY 25,339,951,927.62, down 6.8% from CNY 27,176,460,168.46 in the previous period[18] - The company incurred a total operating expense of CNY 20,090,437,161.32, down from CNY 22,661,474,142.12, reflecting a decrease of about 11.5%[22] - The company reported a decrease in sales revenue from CNY 21,103,790,087.64 to CNY 19,074,482,352.42, a decline of approximately 9.6%[21] Research and Development - Research and development expenses for the current period were CNY 1,131,123,177.11, a decrease from CNY 1,219,559,253.86 in the previous period[18] Other Financial Activities - The company received government subsidies amounting to ¥20,478,518.86 during the reporting period[7] - The company recorded a loss of ¥10,367,623.94 from the scrapping of non-current assets during the quarter[7] - The company approved a maximum deposit balance of CNY 5 billion and a maximum credit balance of CNY 8 billion with CITIC Bank[12] - The company reported a net profit increase in retained earnings to CNY 24,722,698,011.90, up from CNY 23,338,907,185.99[17]