五矿新能(688779) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,408,036,228, representing a 29.46% increase compared to CNY 1,087,644,532 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 63,870,479, a significant decline of 2,101.00% from a profit of CNY 3,191,924 in the previous year[4] - The company reported a significant increase in cash received from sales, totaling ¥502,792,846.61 in Q1 2025, compared to ¥188,809,876.48 in Q1 2024[21] - The company recorded a gross loss of ¥65,687,064.59 in Q1 2025, compared to a gross profit of ¥16,555,300.95 in Q1 2024[19] - The total comprehensive loss for Q1 2025 was ¥63,870,479.33, compared to a comprehensive income of ¥3,191,924.08 in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 250,959,277, improving from a negative CNY 1,553,241,899 in the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥250,959,277.59, an improvement from a net outflow of ¥1,553,241,899.13 in Q1 2024[21] - The company's cash and cash equivalents decreased to RMB 2,355,457,557.29 from RMB 2,652,976,270.67, representing a decline of approximately 11.2%[15][16] - Cash and cash equivalents at the end of Q1 2025 were ¥2,300,276,917.57, down from ¥2,030,573,752.63 in Q1 2024[21] Assets and Liabilities - Total assets increased by 1.92% to CNY 13,096,510,418.68 from CNY 12,849,951,306.75 at the end of the previous year[5] - The total current assets reached RMB 7,262,156,301.37, compared to RMB 7,085,154,930.43 at the end of 2024, indicating an increase of about 2.5%[15][16] - The total liabilities increased to RMB 6,117,797,134.56 from RMB 5,807,367,543.30, marking an increase of approximately 5.34%[17] - The total equity attributable to shareholders decreased to RMB 6,978,713,284.12 from RMB 7,042,583,763.45, reflecting a decline of about 0.91%[17] Shareholder Information - The company had a total of 44,836 common shareholders at the end of the reporting period[11] - Major shareholders include China Minmetals Corporation and Changsha Minmetallurgy Research Institute, each holding 17.16% of shares[11] Research and Development - Research and development expenses totaled CNY 53,307,897, accounting for 3.79% of operating revenue, down from 5.20% in the previous year[5] - Research and development expenses for Q1 2025 were ¥53,307,897.11, a decrease of 5.4% from ¥56,569,465.84 in Q1 2024[18] Market Performance - The increase in operating revenue was attributed to growth in downstream market demand, with sales of ternary materials and lithium iron phosphate materials both rising[9] - Total operating costs increased to ¥1,490,057,415.57, up 34.7% from ¥1,107,043,495.11 in the same period last year[18] Other Information - The weighted average return on net assets decreased to -0.91%, down from 0.04% in the previous year[5] - The company has not disclosed any significant new strategies or product developments during this reporting period[14][13] - The company's short-term borrowings and other current liabilities are not specified, indicating a potential area for further analysis[17] - The non-current assets totaled RMB 5,834,354,117.31, slightly up from RMB 5,764,796,376.32, indicating a growth of about 1.21%[16][17] - Accounts receivable amounted to RMB 1,708,446,435.43, down from RMB 1,917,681,765.07, showing a decrease of about 10.9%[15][16] - The company reported non-recurring gains of CNY 10,268,067.58, primarily from government subsidies and other non-operating income[7]