Bingshan(000530)2025-04-23 11:10Revenue and Profit - The company's revenue for Q1 2025 was CNY 1,163,373,691.60, a slight increase of 0.26% compared to CNY 1,160,307,673.73 in the same period last year[5]. - Net profit attributable to shareholders was CNY 30,109,739.02, reflecting a growth of 2.90% from CNY 29,260,174.46 year-on-year[5]. - The net profit after deducting non-recurring gains and losses increased by 25.59%, reaching CNY 30,684,868.37 compared to CNY 24,431,907.94 in the previous year[5]. - The net profit for the first quarter of 2025 was CNY 31,842,878.98, an increase of 11.5% compared to CNY 28,612,577.04 in the same period of 2024[17]. - Total comprehensive income for the first quarter of 2025 was CNY 31,842,878.98, compared to CNY 28,612,577.04 in the first quarter of 2024, indicating a year-over-year increase of 11.5%[17]. Earnings Per Share - Basic and diluted earnings per share increased by 33.33% to CNY 0.04 from CNY 0.03 year-on-year[5]. - Basic and diluted earnings per share for the first quarter of 2025 were both CNY 0.04, up from CNY 0.03 in the first quarter of 2024[18]. Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -187,028,757.61, worsening by 18.23% from CNY -158,187,622.10 in the same period last year[5]. - Cash flow from operating activities for the first quarter of 2025 was negative CNY 187,028,757.61, worsening from negative CNY 158,187,622.10 in the first quarter of 2024[19]. - The company’s financing activities resulted in a net cash outflow of CNY 11,440,093.79 in the first quarter of 2025, compared to a net inflow of CNY 13,757,178.20 in the first quarter of 2024[20]. Assets and Liabilities - Total assets decreased by 2.33% to CNY 7,450,631,732.95 from CNY 7,628,315,487.35 at the end of the previous year[5]. - Total assets as of March 31, 2025, were ¥7,450,631,732.95, down from ¥7,628,315,487.35 at the beginning of the year, a decrease of approximately 2.3%[14]. - Total liabilities decreased to ¥4,228,884,517.12 from ¥4,439,206,031.91, reflecting a decline of about 4.7%[13]. Shareholders and Equity - Shareholders' equity attributable to the parent company increased by 0.99% to CNY 3,163,007,587.05 from CNY 3,132,102,966.64 at the end of the previous year[5]. - The company's equity attributable to shareholders increased to ¥3,163,007,587.05 from ¥3,132,102,966.64, an increase of approximately 1.0%[14]. - The number of ordinary shareholders at the end of the reporting period was 68,984, with the largest shareholder, Dalian Iceberg Group Co., Ltd., holding 20.27%[10]. Operating Costs and Expenses - Total operating costs for Q1 2025 were ¥1,137,996,382.08, compared to ¥1,126,179,638.97 in Q1 2024, reflecting an increase of about 1.56%[16]. - The company incurred a total operating expense of CNY 1,154,393,258.41 in the first quarter of 2025, compared to CNY 1,241,859,454.28 in the first quarter of 2024[19]. - Research and development expenses for Q1 2025 were ¥31,215,828.25, down from ¥36,893,623.10 in Q1 2024, a decrease of about 15.5%[16]. Investments and Receivables - The net profit from investments in joint ventures and associates was ¥13,092,468.56 for Q1 2025, significantly higher than ¥5,003,981.26 in Q1 2024, marking an increase of approximately 161.5%[16]. - Accounts receivable increased to ¥1,707,345,952.83 from ¥1,492,234,348.90, representing a growth of approximately 14.4%[12]. - The company experienced a 30.81% decrease in notes receivable compared to the beginning of the year, primarily due to increased settlement payments[8]. Cash and Inventory - Cash and cash equivalents decreased to ¥834,999,479.20 as of March 31, 2025, down from ¥1,042,143,744.67 at the beginning of the year, a decline of about 19.9%[12]. - Cash and cash equivalents at the end of the first quarter of 2025 stood at CNY 823,534,004.37, up from CNY 543,231,651.85 at the end of the first quarter of 2024[20]. - Inventory decreased to ¥1,313,654,672.47 from ¥1,393,653,788.81, a reduction of about 5.7%[12].