HLGF(SH:600346)2025-04-21 10:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,702,408.57 million, a decrease of 2.34% compared to CNY 5,839,049.81 million in the same period last year[5]. - Net profit attributable to shareholders was CNY 205,093.54 million, down 4.13% from CNY 213,936.87 million year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 123,908.73 million, a significant decline of 31.88% compared to CNY 181,886.72 million in the previous year[5]. - The decline in net profit was attributed to seasonal demand fluctuations and intensified competition in the downstream product market, despite stable profitability in upstream refining and PTA products[8]. - Total operating revenue for Q1 2025 was CNY 57.05 billion, a decrease of 2.34% from CNY 58.41 billion in Q1 2024[20]. - Net profit for Q1 2025 was CNY 2.05 billion, compared to CNY 2.14 billion in Q1 2024, representing a decline of 4.36%[20]. - The total comprehensive income for Q1 2025 was approximately CNY 1.98 billion, compared to CNY 2.03 billion in Q1 2024, reflecting a decrease of around 2.8%[21]. Cash Flow and Assets - The net cash flow from operating activities was CNY 774,551.81 million, a slight decrease of 1.67% from CNY 787,674.21 million in the same period last year[5]. - The operating cash flow for Q1 2025 was CNY 7.75 billion, slightly down from CNY 7.88 billion in Q1 2024, indicating a decrease of about 1.7%[23]. - Cash inflows from operating activities totaled CNY 67.27 billion in Q1 2025, an increase from CNY 64.65 billion in Q1 2024, marking a growth of approximately 4.0%[23]. - The net cash flow from investing activities for Q1 2025 was negative at approximately CNY -3.50 billion, an improvement from CNY -8.82 billion in Q1 2024[24]. - The net cash flow from financing activities for Q1 2025 was negative at approximately CNY -1.52 billion, contrasting with a positive cash flow of CNY 5.20 billion in Q1 2024[24]. - Total current assets increased to CNY 80,407,944,247.87 as of March 31, 2025, up from CNY 73,269,556,146.66 at the end of 2024, representing a growth of approximately 9.5%[15]. - The total cash and cash equivalents at the end of Q1 2025 stood at approximately CNY 27.21 billion, up from CNY 19.10 billion at the end of Q1 2024, representing an increase of about 42.5%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,978[10]. - The total number of shares held by the top 10 shareholders includes 2,100,612,342 shares held by Hengli Group Co., Ltd., representing the largest stake[12]. - Hengneng Investment (Dalian) Co., Ltd. holds 1,498,478,926 shares, accounting for approximately 21.29% of the total shares[12]. - The company has a diverse shareholder base, with the top four shareholders collectively holding over 60% of the shares[12]. - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12]. Costs and Expenses - Total operating costs for Q1 2025 were CNY 55.46 billion, down from CNY 56.20 billion in Q1 2024, reflecting a reduction of 1.32%[20]. - Research and development expenses increased to CNY 380.19 million in Q1 2025 from CNY 357.09 million in Q1 2024, an increase of 6.45%[20]. - Financial expenses for Q1 2025 were CNY 1.43 billion, slightly down from CNY 1.47 billion in Q1 2024, a decrease of 2.45%[20]. Asset Management - Total assets at the end of the reporting period were CNY 27,860,130.25 million, an increase of 2.02% from CNY 27,308,286.99 million at the end of the previous year[6]. - Total liabilities increased to CNY 213.28 billion from CNY 209.67 billion, reflecting a rise of 1.53%[17]. - The company's equity attributable to shareholders rose to CNY 65.31 billion, compared to CNY 63.40 billion, an increase of 3.01%[17]. - The total non-current liabilities amounted to CNY 79.94 billion, up from CNY 78.79 billion, indicating a growth of 1.46%[17]. Other Information - The company reported non-recurring gains totaling CNY 811,848,101.17 million, with significant contributions from government subsidies and asset disposals[7][8]. - The company continues to adjust its product structure and strengthen cost control to mitigate the impact of market price fluctuations[8]. - There are no other significant reminders or important information regarding the company's operational status during the reporting period[13].