SPC(SH:600688)2025-04-23 10:05Revenue and Profit Performance - Revenue for Q1 2025 was CNY 19,520,645, a decrease of 8.28% compared to CNY 21,282,263 in the same period last year[5] - Net profit attributable to shareholders was CNY -89,839, representing a decline of 206.87% from CNY 84,061 in the previous year[5] - Basic and diluted earnings per share were both CNY -0.008, down 200.00% from CNY 0.008 in the previous year[5] - Operating profit for Q1 2025 was CNY -92,326, compared to CNY 129,219 in Q1 2024, indicating a significant decline[18] - Net profit for Q1 2025 was CNY -89,891, while in Q1 2024, it was CNY 85,195, reflecting a negative turnaround[18] Cash Flow and Operating Activities - The net cash flow from operating activities was CNY 1,789,914, a significant improvement from CNY -718,251 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was CNY 1,789,914, compared to CNY -718,251 in Q1 2024, showing a recovery in cash generation[22] - The company experienced a cash inflow from investment activities of CNY 3,479,928 in Q1 2025, compared to CNY -259,552 in Q1 2024, indicating improved investment performance[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 41,244,067, a decrease of 1.26% from CNY 41,769,339 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 41,244,067, a slight decrease from CNY 41,769,339 as of December 31, 2024[16] - Total liabilities as of March 31, 2025, were CNY 16,214,905, down from CNY 16,624,844 at the end of 2024[16] - The company reported a cash and cash equivalents balance of CNY 12,042,850 as of March 31, 2025, compared to CNY 12,096,477 at the end of 2024[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,124[11] - The largest shareholder, Sinopec Limited, holds 51.63% of the shares, totaling 5,462,155,000 shares[11] Research and Development - Research and development expenses increased to CNY 44,317 in Q1 2025 from CNY 35,083 in Q1 2024, indicating a focus on innovation[18] Non-Recurring Losses - The company reported non-recurring losses totaling CNY -4,630, including various one-time expenses[7] Return on Equity - The weighted average return on equity decreased by 0.70 percentage points to -0.359%[5] Sales Performance - The company experienced a significant decline in product sales, which contributed to the decrease in operating performance[8]