华友钴业(603799) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 17,841,985,369.46, representing a 19.24% increase compared to CNY 14,962,649,257.31 in the same period last year[3] - Net profit attributable to shareholders reached CNY 1,252,109,041.28, a significant increase of 139.68% from CNY 522,415,394.16 year-on-year[3] - The basic earnings per share rose to CNY 0.74, reflecting a 124.24% increase compared to CNY 0.33 in the previous year[3] - The diluted earnings per share also increased to CNY 0.70, up 112.12% from CNY 0.33 year-on-year[3] - The company reported a comprehensive income total of ¥2,147,900,895.69 for Q1 2025, compared to ¥771,313,678.91 in Q1 2024[20] - Net profit for Q1 2025 was ¥1,736,160,569.14, representing a significant increase of 194.4% compared to ¥590,098,645.98 in Q1 2024[19] - Earnings per share for Q1 2025 were ¥0.74, compared to ¥0.33 in Q1 2024, reflecting a substantial growth[20] Cash Flow and Investments - The net cash flow from operating activities was CNY 1,017,076,743.57, marking a 9.48% increase from CNY 929,046,306.48 in the same period last year[3] - Cash inflow from operating activities for Q1 2025 was approximately ¥20.44 billion, an increase of 10.4% compared to ¥17.61 billion in Q1 2024[22] - Net cash flow from operating activities for Q1 2025 was ¥1.02 billion, up from ¥929 million in Q1 2024, reflecting a growth of 9.5%[23] - Cash outflow from investment activities in Q1 2025 was ¥4.32 billion, slightly down from ¥4.35 billion in Q1 2024, indicating a stable investment strategy[23] - Net cash flow from investment activities for Q1 2025 was -¥3.52 billion, compared to -¥3.13 billion in Q1 2024, showing an increase in cash outflow[23] - The company received ¥706 million from investment recoveries in Q1 2025, a substantial increase from ¥121 million in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 141,461,657,072.45, a 3.57% increase from CNY 136,591,394,324.44 at the end of the previous year[5] - The company's current assets totaled RMB 56.53 billion, up from RMB 54.10 billion, indicating an increase of about 4.5%[13] - Total liabilities increased to RMB 56.53 billion, compared to RMB 54.10 billion, indicating a growth of approximately 4.5%[12] - Total liabilities as of Q1 2025 amounted to ¥90,651,804,898.75, an increase from ¥87,930,768,807.29 in the previous year[16] - The total non-current liabilities as of Q1 2025 were ¥36,281,047,744.39, an increase from ¥35,588,089,353.85 in the previous year[16] Shareholder Equity - Shareholders' equity attributable to shareholders was CNY 38,469,444,001.13, reflecting a 4.12% increase from CNY 36,945,607,483.36 at the end of the previous year[5] - Total equity attributable to shareholders reached ¥38,469,444,001.13, up from ¥36,945,607,483.36 in Q1 2024[16] Operational Efficiency - The increase in revenue and profit was primarily driven by higher product sales and a decrease in cost expenses[7] - The company reported non-recurring gains and losses totaling CNY 25,285,421.52 after tax, with significant contributions from government subsidies and other non-operating income[7] - Research and development expenses for Q1 2025 were ¥227,459,543.27, slightly down from ¥243,274,509.27 in Q1 2024[18] Debt Management - The company paid approximately ¥9.61 billion in debt repayments during Q1 2025, compared to ¥6.61 billion in Q1 2024, reflecting increased debt management efforts[24] - Short-term borrowings rose to RMB 22.90 billion from RMB 20.75 billion, reflecting an increase of approximately 10.3%[13]