Financial Performance - The company's operating revenue for Q1 2025 was RMB 19,520,645 thousand, representing a decrease of 8.28% compared to RMB 21,282,263 thousand in the same period last year[6]. - The net profit attributable to shareholders of the listed company was a loss of RMB 89,839 thousand, a decline of 206.87% from a profit of RMB 84,061 thousand in the previous year[6]. - Basic and diluted earnings per share both decreased to RMB -0.008, down 200.00% from RMB 0.008 in the previous year[6]. - Net profit for Q1 2025 was a loss of CNY 89,891, compared to a profit of CNY 85,195 in Q1 2024[19]. - Operating profit for Q1 2025 was a loss of CNY 92,326, contrasting with a profit of CNY 129,219 in Q1 2024[19]. - The company experienced a net loss of CNY -83,910 in comprehensive income for Q1 2025, compared to a profit of CNY 85,195 in Q1 2024[20]. - The total comprehensive income attributable to the parent company in Q1 2025 was CNY -83,858, down from CNY 84,061 in Q1 2024[20]. Cash Flow and Investments - The net cash flow from operating activities was RMB 1,789,914 thousand, a significant improvement from a negative cash flow of RMB 718,251 thousand in the same period last year[6]. - In Q1 2025, the company reported a net cash flow from operating activities of CNY 1,789,914, compared to a negative cash flow of CNY -718,251 in Q1 2024, indicating a significant improvement[23]. - Net cash flow from investing activities in Q1 2025 was CNY 3,479,928, compared to a negative cash flow of CNY -259,552 in Q1 2024[23]. - The company raised CNY 121,078 from investment activities in Q1 2025, a significant decrease from CNY 12,500,000 in Q1 2024[24]. - The company received CNY 3,890,463 related to investment activities in Q1 2025, a substantial increase from CNY 207,885 in Q1 2024[23]. - The company reported a cash outflow of CNY 1,558,277 from financing activities in Q1 2025, compared to CNY 11,083,809 in Q1 2024[24]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 41,244,067 thousand, a decrease of 1.26% from RMB 41,769,339 thousand at the end of the previous year[6]. - Current assets as of March 31, 2025, totaled CNY 20,471,537, slightly down from CNY 20,633,139 as of December 31, 2024[16]. - Total liabilities as of March 31, 2025, were CNY 16,214,905, a decrease from CNY 16,624,844 as of December 31, 2024[17]. - Total assets as of March 31, 2025, amounted to CNY 41,244,067, down from CNY 41,769,339 as of December 31, 2024[17]. - The equity attributable to shareholders of the listed company was RMB 24,924,973 thousand, down 0.46% from RMB 25,040,254 thousand at the end of the previous year[6]. Shareholder Information - The top shareholder, China Petroleum & Chemical Corporation, holds 51.63% of the shares, indicating strong state ownership[12]. Operational Metrics - The decrease in net profit was primarily due to a reduction in product sales volume during the reporting period[10]. - Total operating costs for Q1 2025 were CNY 19,612,971, down 7.3% from CNY 21,153,044 in Q1 2024[19]. - The company reported non-recurring losses totaling RMB -4,630 thousand, which included various one-time expenses and losses[8]. - The weighted average return on net assets was -0.359%, a decrease of 0.70 percentage points compared to 0.338% in the previous year[6]. - Research and development expenses for Q1 2025 were CNY 44,317, an increase from CNY 35,083 in Q1 2024[19]. - The company reported a significant increase in accounts receivable, which rose to CNY 1,366,465 from CNY 701,587 year-over-year[16]. - Cash and cash equivalents at the end of Q1 2025 increased to CNY 12,033,961, up from CNY 5,344,773 at the end of Q1 2024[24]. - The company had no short-term borrowings as of March 31, 2025, compared to CNY 1,500,940 as of December 31, 2024[17].
上海石油化工股份(00338) - 2025 Q1 - 季度业绩