Financial Performance - The company's operating revenue for Q1 2025 was CNY 6,614,111,791.79, a decrease of 14.51% compared to CNY 7,736,437,619.53 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 117,415,223.32, an improvement from a loss of CNY 333,758,307.26 in the previous year[5] - The company achieved a profit of CNY 5,130,000 in March 2025, marking a turnaround from previous losses[7] - Operating profit for Q1 2025 was a loss of approximately ¥111.10 million, an improvement from a loss of ¥324.22 million in Q1 2024[27] - Net profit for Q1 2025 was a loss of approximately ¥117.42 million, compared to a loss of ¥333.76 million in Q1 2024, indicating a significant reduction in losses[27] - The company reported a net loss of CNY 12,282,614,111.63 as of March 31, 2025, compared to a loss of CNY 12,165,198,888.31 at the end of 2024[24] Cash Flow - The net cash flow from operating activities was CNY 408,717,209.61, a significant recovery from a negative cash flow of CNY 832,893,230.43 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was approximately ¥408.72 million, a significant recovery from a negative cash flow of ¥832.89 million in Q1 2024[33] - Cash inflow from financing activities was 536,532,239.67 CNY, down from 727,700,000.00 CNY in the previous period[34] - The net cash flow from financing activities was 15,701,282.92 CNY, compared to -26,991,635.16 CNY previously[35] - The ending cash and cash equivalents balance was 2,849,766,372.57 CNY, up from 773,365,182.88 CNY year-over-year[35] Assets and Liabilities - The total assets at the end of the reporting period were CNY 35,382,025,206.81, a slight decrease of 0.27% from CNY 35,479,243,942.55 at the end of the previous year[7] - The total liabilities as of March 31, 2025, were CNY 18,883,239,180.56, slightly up from CNY 18,872,607,958.20, showing a marginal increase of 0.06%[23] - The total equity attributable to shareholders decreased to CNY 16,498,786,026.25 from CNY 16,606,635,984.35, a decline of approximately 0.65%[24] - The total current liabilities were CNY 16,895,346,238.28, a slight decrease from CNY 16,927,242,278.46, reflecting a reduction of about 0.19%[22] - The total liabilities and shareholders' equity amounted to CNY 35,132,638,076.88 as of the latest reporting period[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 180,503[12] - The largest shareholder, Chongqing Changshou Steel Co., Ltd., holds 23.69% of the shares[14] Operational Efficiency - The company has implemented measures to enhance operational efficiency and reduce costs, which contributed to the reduction in losses[11] Research and Development - Research and development expenses for Q1 2025 were approximately ¥5.95 million, down 41.5% from ¥10.13 million in Q1 2024[26] - Research and development expenses in Q1 2025 were CNY 5,953,818.74, down from CNY 10,130,322.07 in Q1 2024, showing a reduction of 41.5%[44] Other Income and Expenses - The company received government subsidies amounting to CNY 604,900.93, which were recognized as non-operating income[8] - The company reported other income of approximately ¥20.35 million in Q1 2025, an increase from ¥19.05 million in Q1 2024[27] - The company reported interest expenses of CNY 49,097,020.62 in Q1 2025, compared to CNY 45,990,470.00 in Q1 2024, indicating a slight increase of 4.6%[44]
重庆钢铁股份(01053) - 2025 Q1 - 季度业绩