新疆众和(600888) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,879,083,714.73, representing a 15.38% increase compared to CNY 1,628,563,249.44 in the same period last year[4] - Net profit attributable to shareholders decreased by 34.36% to CNY 221,430,077.95 from CNY 337,362,784.08 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 32.27% to CNY 212,737,490.22 from CNY 314,079,943.77 in the previous year[4] - Basic earnings per share decreased by 34.81% to CNY 0.1609 from CNY 0.2468 year-on-year[6] - Diluted earnings per share fell by 36.72% to CNY 0.1551 from CNY 0.2451 in the previous year[6] - Net profit for Q1 2025 was ¥222,062,413.85, a decrease of 34.2% from ¥337,419,933.90 in Q1 2024[26] - Earnings per share for Q1 2025 was ¥0.1609, down from ¥0.2468 in Q1 2024[26] - The net profit for Q1 2025 was ¥190,536,337.93, down 37.0% from ¥302,582,504.51 in Q1 2024[35] - The basic earnings per share for Q1 2025 was ¥0.1385, compared to ¥0.2214 in Q1 2024, a decrease of 37.5%[35] Cash Flow - The net cash flow from operating activities was CNY 20,708,137.33, a significant decrease of 87.72% compared to CNY 168,617,110.83 in the same period last year[6] - In Q1 2025, the net cash flow from operating activities was ¥103,739,051.94, a decrease of 51.2% compared to ¥212,642,509.15 in Q1 2024[36] - Total cash inflow from operating activities was ¥1,613,664,244.27, up 10.8% from ¥1,456,124,602.84 in the same period last year[36] - The cash flow from operating activities was impacted by a significant increase in tax payments, which rose to ¥78,043,375.17 from ¥7,401,021.05 year-over-year[36] - The company experienced a negative impact of ¥730,938,415.19 on cash and cash equivalents during Q1 2025, compared to a negative impact of ¥348,448,799.40 in Q1 2024[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,479,193,529.03, an increase of 1.80% from CNY 17,851,556,608.82 at the end of the previous year[6] - As of March 31, 2025, the total current assets amounted to ¥7,927,729,266.47, a decrease from ¥8,044,666,079.73 as of December 31, 2024, reflecting a decline of approximately 1.46%[17] - The total liabilities for the period included a significant short-term liability of ¥813,311,106.74, down from ¥1,515,863,306.68, indicating a reduction of approximately 46.4%[18] - Total liabilities as of the end of the reporting period amounted to ¥6,985,279,170.29, compared to ¥6,801,269,663.96 at the end of the previous period[20] - The total assets amounted to ¥16,865,063,405.43, a slight decrease from ¥16,943,469,289.50 in the previous period[32] - The total liabilities decreased to ¥6,445,431,854.12 from ¥6,727,484,371.16, indicating a reduction of 4.2%[32] Investments and Expenses - The company acquired 67% of the equity of Fangchenggang Zhongsi Road New Materials Technology Co., Ltd. through its wholly-owned subsidiary, Guangxi Hongtai New Materials Co., Ltd.[7] - Research and development expenses for Q1 2025 were ¥12,380,188.47, an increase of 45.5% from ¥8,528,667.02 in Q1 2024[24] - Research and development expenses increased to ¥10,304,403.54, up 70.5% from ¥6,050,604.52 in the previous year[33] - Investment income for Q1 2025 was ¥124,614,848.38, down 39.2% from ¥205,141,507.77 in Q1 2024[24] - The company's investment income for Q1 2025 was ¥123,741,401.85, down 39.3% from ¥203,923,163.87 in Q1 2024[35] Changes in Equity - The total equity increased to ¥11,493,914,358.74 from ¥11,351,763,905.31, reflecting a growth of 1.25%[20] - The total equity increased to ¥10,419,631,551.31 from ¥10,215,984,918.34, reflecting a growth of 2.0%[33] Other Financial Metrics - Non-recurring gains and losses totaled CNY 8,692,587.73, with significant contributions from government subsidies and asset disposals[9] - Other comprehensive income after tax for Q1 2025 was ¥26,025,635.75, compared to ¥44,053,281.20 in Q1 2024, indicating a decline of 40.9%[26] - The weighted average return on equity decreased to 1.98% from 3.39%, a decline of 1.41 percentage points[6]