海新能科(300072) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥241,334,714.35, a decrease of 53.69% compared to ¥521,088,870.69 in the same period last year[5] - The net loss attributable to shareholders was ¥49,903,481.80, representing an improvement of 57.60% from a loss of ¥117,698,858.69 in the previous year[5] - Revenue from sales and services decreased to ¥396,395,239.64, a decline of 47.31% compared to the same period last year, primarily due to the biodiesel business[13] - The company reported total revenue of CNY 241,334,714.35 for the current period, a decrease of 53.7% compared to CNY 521,088,870.69 in the previous period[25] - Total operating costs for the current period were CNY 389,111,385.02, down 42.3% from CNY 673,699,281.44 in the previous period[25] - The company reported a net loss of ¥72,061,957.38, compared to a net loss of ¥138,806,134.51 in the previous period, indicating an improvement of approximately 48%[26] - Operating profit was recorded at -¥78,739,122.20, worsening from -¥68,729,036.46 in the prior period[26] - Total revenue from operating activities decreased to ¥424,405,777.53, down from ¥755,970,375.48, representing a decline of about 44%[28] Cash Flow and Assets - The net cash flow from operating activities was -¥156,399,747.23, a decline of 104.49% compared to -¥76,483,995.19 in the same period last year[5] - Cash received from investment activities increased significantly to ¥540,000,000.00, marking a 100% increase, attributed to debt repayments received during the reporting period[13] - The company reported a 658.65% increase in cash received from other operating activities, totaling ¥27,626,995.80, due to the unfreezing of funds[13] - Cash paid for taxes decreased by 87.87% to ¥13,322,843.26, reflecting a reduction in value-added tax payments[13] - Cash and cash equivalents at the end of the period stood at ¥497,145,859.99, down from ¥599,028,337.42 at the beginning of the period[29] - The company’s total current assets decreased to CNY 4,203,372,605.67 from CNY 4,678,982,284.57, a decline of 10.1%[23] - The company’s total liabilities decreased to CNY 3,348,341,931.16 from CNY 3,787,680,429.46, a reduction of 11.6%[24] - The company’s total assets decreased to CNY 9,204,404,939.05 from CNY 9,713,921,182.83, a decline of 5.2%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,344, with no preferred shareholders[14] - The largest shareholder, Beijing Haineng Zhidi Low Carbon Technology Development Co., Ltd., holds 31.48% of shares, amounting to 739,626,062 shares, with 290,960,000 shares pledged[14] Expenses and Liabilities - Research and development expenses decreased by 34.87% to ¥24,838,837.08 from ¥38,135,183.29 in the previous year[11] - The company incurred interest expenses of ¥37,317,361.95, down from ¥45,684,028.52, reflecting a decrease of approximately 18%[26] - The company reported a significant decrease in long-term borrowings, down 72.63% to ¥10,000,000.00 from ¥36,533,639.58, due to repayment of loans[9] - The company repaid ¥711,317,176.32 in financing activities, a 244.27% increase compared to the previous period, due to increased financial support repayments[13] Government Support and Market Strategy - Other income increased by 113.64% to ¥3,962,531.86, compared to ¥1,854,781.92 in the same period last year, primarily due to increased government project subsidies[11] - The company received government subsidies amounting to ¥1,903,544.57, which were directly included in the current period's profit and loss[6] - The company faced a temporary adverse impact on biodiesel production and sales due to EU anti-dumping measures, but successfully developed non-EU markets and signed long-term contracts, starting bulk shipments in Q2[19] - The company is advancing the construction of the 200,000 tons/year biodiesel isomerization project in Shandong, expected to commence production in May 2025[19] - The company is enhancing product profitability by accelerating the upgrade of product structure and increasing R&D in high-end products like precious metal catalysts[19] - The company has established a pricing mechanism for bio-jet fuel in close cooperation with China Aviation Oil, aiming to become a stable partner in this new market segment[19] - The company is implementing flexible sales policies and incentive measures to boost team motivation and achieve synergy in market, product, and mechanism[19] Comprehensive Income - Other comprehensive income after tax was -¥396,128.01, compared to -¥9,846,533.84 in the previous period, showing a significant reduction in losses[27] - The company reported a total comprehensive loss of -¥72,458,085.39, an improvement from -¥148,652,668.35 in the prior period[27] - Basic and diluted earnings per share were both reported at -¥0.0212, an improvement from -¥0.0501 in the previous period[27]