NXBM(600449)2025-04-24 12:25Financial Performance - The company's operating revenue for Q1 2025 was ¥877,753,793.58, a decrease of 43.97% compared to ¥1,566,593,410.34 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥8,408,065.84, an improvement from a loss of ¥15,473,222.41 year-on-year[4] - The net cash flow from operating activities was a negative ¥27,592,405.07, compared to a negative ¥63,252,615.75 in the previous year[4] - The company's basic and diluted earnings per share were both -¥0.02, compared to -¥0.03 in the same period last year[4] - The weighted average return on equity improved to -0.12%, an increase of 0.1 percentage points from -0.22% year-on-year[4] - The company reported a gross profit margin of approximately -3% for Q1 2025, compared to -1.25% in Q1 2024[19] - Net loss for Q1 2025 was ¥15,443,845.67, an improvement from a net loss of ¥17,869,566.38 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,256,377,712.66, down 3.41% from ¥10,618,963,806.74 at the end of the previous year[5] - Total current assets decreased from 5,324,114,352.64 RMB to 5,031,152,315.60 RMB, a decline of approximately 5.5%[14] - Total liabilities decreased from ¥2,963,858,822.65 in the previous period to ¥2,614,536,584.35[16] - Total equity attributable to shareholders decreased slightly from ¥7,276,468,435.55 to ¥7,270,113,353.40[16] - The total assets as of March 31, 2025, amounted to CNY 9,465,751,186.83, down from CNY 9,603,707,961.66 at the end of 2024, reflecting a decline of approximately 1.4%[27] - The total liabilities decreased to CNY 2,642,647,544.98 from CNY 2,783,571,606.69, a reduction of about 5.1%[27] Cash Flow - Cash and cash equivalents decreased by 107.37%, primarily due to increased repayments of external borrowings[8] - Operating cash flow for Q1 2025 was negative at ¥27,592,405.07, compared to negative ¥63,252,615.75 in Q1 2024[23] - Cash received from investment recovery in Q1 2025 was ¥650,000,000.00, significantly higher than ¥50,000,000.00 in Q1 2024[23] - The company reported a net cash outflow from investing activities of CNY 20,456,585.34 in Q1 2025, compared to a larger outflow of CNY 234,493,553.83 in Q1 2024[24] - The financing activities generated a net cash outflow of CNY 53,483,673.37 in Q1 2025, contrasting with a net inflow of CNY 248,785,053.39 in Q1 2024[24] - The company experienced a decrease in cash and cash equivalents, with a net decrease of -104,661,956.57 RMB in Q1 2025, compared to an increase of 20,680,740.48 RMB in Q1 2024[34] Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,885[10] - The largest shareholder, China National Building Material Group Corporation, holds 234,475,104 shares, accounting for 49.03% of total shares[10] Research and Development - The company's research and development expenses increased by 29.98%, attributed to higher expenditures on R&D projects[7] - Research and development expenses for Q1 2025 were ¥6,777,056.58, an increase from ¥5,213,863.69 in Q1 2024[19] Inventory and Receivables - Accounts receivable decreased from 1,458,758,238.45 RMB to 1,269,724,087.88 RMB, a reduction of about 12.9%[14] - Inventory increased significantly from 249,018,310.19 RMB to 367,262,370.01 RMB, an increase of approximately 47.6%[14] Management and Accounting - The company has no significant changes in shareholder relationships or actions that require disclosure[11] - The company is not applying new accounting standards or interpretations starting from 2025[35] - The company incurred management expenses of CNY 6,709,606.54 in Q1 2025, down from CNY 13,144,282.78 in Q1 2024, indicating a reduction of about 48.9%[30] Comprehensive Income - The total comprehensive income for the period was reported at 2,967,286.88 RMB, compared to 4,082,759.87 RMB in the previous period[31]