兴化股份(002109) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥839,505,582.23, a decrease of 7.53% compared to ¥907,900,700.66 in the same period last year[5] - The net profit attributable to shareholders was -¥95,514,023.70, an improvement of 35.82% from -¥148,824,482.48 year-on-year[5] - Total operating revenue for the current period is ¥839,505,582.23, a decrease of 7.5% compared to ¥907,900,700.66 in the previous period[19] - Net profit for the current period is -¥129,469,840.96, an improvement from -¥150,664,323.32 in the previous period[20] - The net profit attributable to the parent company is -¥95,514,023.70, compared to -¥148,824,482.48 in the previous period, indicating a significant reduction in losses[20] - Basic and diluted earnings per share are both -¥0.0748, an improvement from -¥0.1166 in the previous period[21] Cash Flow - The cash flow from operating activities decreased by 59.08%, amounting to ¥23,848,856.23 compared to ¥58,282,538.88 in the previous year[5] - Cash flow from operating activities is ¥833,363,670.83, down from ¥914,049,950.70, representing a decrease of 8.8%[23] - Net cash flow from operating activities was $23,848,856.23, a decrease of 59% compared to $58,282,538.88 in the previous period[24] - Cash flow from investment activities was negative at -$34,149,514.80, compared to -$23,994,895.18 previously, indicating increased investment expenditures[24] - Cash flow from financing activities showed a net outflow of -$28,636,721.14, significantly reduced from -$676,338,096.98 in the prior period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,199,808,261.31, a decrease of 0.67% from ¥11,275,860,493.61 at the end of the previous year[5] - The total assets of the company as of March 31, 2025, amounted to CNY 11,199,808,261.31, a decrease from CNY 11,275,860,493.61 at the beginning of the period[15] - Total liabilities amount to ¥5,828,128,924.21, an increase from ¥5,776,811,089.58[17] - The total liabilities of the company included accounts payable of CNY 1,073,207,807.71, slightly down from CNY 1,103,761,728.16[16] - Non-current liabilities total ¥3,625,174,035.27, slightly decreased from ¥3,625,451,628.06[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,896[10] - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., holds a 39.80% stake in the company[10] - Total equity attributable to shareholders of the parent company is ¥4,407,163,244.89, down from ¥4,501,639,801.79[17] Inventory and Receivables - Accounts receivable increased significantly by 10,366.58% to ¥68,115,653.64 due to extended credit terms offered to customers[8] - Accounts receivable rose significantly to CNY 68,115,653.64 from CNY 650,791.90, indicating a substantial increase in customer credit[15] - Inventory levels increased to CNY 277,941,212.15 from CNY 254,795,091.99, showing a growth of about 9.1%[16] - The company reported a significant increase in contract liabilities, which rose to CNY 102,561,145.03 from CNY 22,737,516.09, indicating a growth of over 350%[16] Government Support and Investments - The company received government subsidies amounting to ¥1,067,662.50 during the reporting period[6] - The company’s long-term investments remained stable at CNY 4,668,608.06, unchanged from the previous period[16] Operational Challenges - The cash and cash equivalents decreased to CNY 1,413,088,950.03 from CNY 1,452,026,329.74, reflecting a decline of about 2.7%[15] - The company has not disclosed any new product developments or market expansion strategies during the earnings call[12]