SCC(600740)2025-04-24 12:35Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,821,237,313.91, representing a decrease of 7.66% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 65,824,767.19, a decline of 206.74% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -77,930,778.39, down 227.10% from the previous year[5] - Basic earnings per share were CNY 0.0257, a decrease of 206.61% compared to the same period last year[5] - Total operating revenue for Q1 2025 was CNY 1,681,714,797.73, a decrease of 7.7% compared to CNY 1,821,237,313.91 in Q1 2024[20] - Net profit for Q1 2025 was a loss of CNY 71,521,887.43, compared to a profit of CNY 64,895,379.04 in Q1 2024, indicating a significant decline[21] - The company's investment income for Q1 2025 was CNY 322,060,121.75, down 57.9% from CNY 766,015,129.55 in Q1 2024[21] - Basic and diluted earnings per share for Q1 2025 were both CNY -0.0274, compared to CNY 0.0257 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,992,504,435.96, down 3.95% from the end of the previous year[6] - Total liabilities as of the reporting date were CNY 10,516,492,977.62, a decrease from CNY 11,555,601,408.88 in the previous period[18] - Total equity attributable to shareholders was CNY 15,271,674,481.73, slightly down from CNY 15,300,605,335.89[18] - The company’s total non-current liabilities were CNY 3,051,235,316.92, down from CNY 3,573,013,614.05 in the previous period[18] - Total current assets as of March 31, 2025, amount to RMB 1,969,925,323.63, a decrease from RMB 3,324,845,599.01 as of December 31, 2024, representing a decline of approximately 41%[15] - The total non-current assets increased to RMB 24,022,579,112.33 from RMB 23,736,960,879.04, reflecting a growth of about 1.2%[16] - Total assets decreased to RMB 25,992,504,435.96 from RMB 27,061,806,478.05, a decline of approximately 4%[16] - Short-term borrowings decreased to RMB 1,903,570,766.99 from RMB 2,584,136,867.28, representing a reduction of about 26%[16] Cash Flow - The net cash flow from operating activities was CNY 1,681,714,797.73, a decrease of CNY 70,259,130.76 compared to the previous year[5] - The company reported a cash flow from operating activities of CNY -65,004,320.32 for Q1 2025, compared to CNY 43,930,430.74 in Q1 2024[21] - In Q1 2025, the net cash flow from operating activities was -260,787,391.23, an improvement from -1,037,024,205.30 in Q1 2024[26] - Cash inflow from investment activities increased significantly to 1,442,070,000.00 in Q1 2025, compared to 500,000,000.00 in Q1 2024[26] - The net cash flow from financing activities was -739,828,303.11 in Q1 2025, a decline from a positive 1,064,383,095.13 in Q1 2024[26] - Total cash and cash equivalents at the end of Q1 2025 stood at 897,804,453.28, down from 1,129,795,950.73 in Q1 2024[26] - Cash received from sales and services in Q1 2025 was 1,937,537,636.57, a decrease from 2,028,824,214.15 in Q1 2024[25] - Total cash outflow from operating activities in Q1 2025 was 2,222,554,450.31, compared to 3,075,674,307.50 in Q1 2024[26] - Cash received from other operating activities increased to 24,145,202.95 in Q1 2025 from 9,825,888.05 in Q1 2024[25] - The company paid 240,875,299.57 in employee compensation in Q1 2025, slightly up from 236,617,800.87 in Q1 2024[25] - The company reported a cash inflow of 5,500,000.00 from borrowings in Q1 2025, compared to 1,337,000,000.00 in Q1 2024[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,080[10] - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., held 51.14% of the shares, totaling 1,310,317,574 shares[11] - The company has a significant shareholder, Shanxi Coking Coal Group Co., Ltd., holding 1,310,317,574 shares, which constitutes a major portion of the equity[13] - The company reported that the total number of shares held by the top ten shareholders includes substantial stakes from private equity funds managed by Shanghai Junrong Asset Management[12] Research and Development - Research and development expenses for Q1 2025 were CNY 11,309,368.06, down from CNY 13,277,121.40 in Q1 2024, reflecting a decrease of 14.8%[20] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[14] - There are no significant changes in the shareholder structure or any new strategic initiatives mentioned in the conference call[14] Accounting Standards - The company executed new accounting standards starting in 2025, which may affect financial reporting[27]