苏能股份(600925) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,150,508,859, a decrease of 3.99% compared to CNY 3,281,417,309 in the same period last year[5] - Net profit attributable to shareholders decreased by 54.72% to CNY 201,672,209 from CNY 445,423,029 in the previous year[5] - The net profit after deducting non-recurring gains and losses fell by 55.93% to CNY 192,197,889 compared to CNY 436,159,096 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.03, a decrease of 50% compared to CNY 0.06 in the same period last year[5] - The company's operating profit decreased to CNY 353,091,465, a decline of 47.5% compared to CNY 671,435,581 in the previous year[18] - Net profit for Q1 2025 was CNY 258,803,551, down 47.6% from CNY 494,260,480 in Q1 2024[18] - The company reported a decrease in comprehensive income to CNY 256,068,385.64 from CNY 494,431,077.37 in the previous year[19] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 587,568,387, down 25.99% from CNY 793,928,410 in the previous year[5] - In Q1 2025, the company reported cash inflows from operating activities of ¥5,840,791,982.30, a decrease of 17.5% compared to ¥7,078,244,761.79 in Q1 2024[22] - The net cash flow from operating activities for Q1 2025 was ¥587,568,387.28, down 26.0% from ¥793,928,410.34 in Q1 2024[22] - The total cash inflow from operating activities was impacted by a decrease in cash received from sales, which fell to ¥5,683,367,139.67 from ¥6,894,822,179.99 in the previous year[22] - The company's cash and cash equivalents amounted to approximately 5.96 billion RMB as of March 31, 2025, compared to 5.66 billion RMB at the end of 2024[13] - The company's cash and cash equivalents at the end of Q1 2025 stood at ¥5,765,095,610.78, compared to ¥7,062,604,717.90 at the end of Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 39,579,939,095, an increase of 0.99% from CNY 39,190,588,535 at the end of the previous year[6] - The total liabilities increased slightly to CNY 21,261,122,205.99 from CNY 21,223,845,445.72 year-over-year[15] - Non-current liabilities rose to CNY 12,208,505,082.72, an increase of 13.8% from CNY 10,736,018,668.71 in the previous year[15] - The company's total current assets stood at approximately 11.23 billion RMB, slightly up from 11.12 billion RMB at the end of 2024[13] Revenue Sources - The company reported a coal production of 4.07 million tons for the first quarter of 2025, an increase of 12.16% compared to 3.63 million tons in the same period of 2024[12] - The coal sales volume reached 3.79 million tons, reflecting a 14.11% increase from 3.32 million tons year-over-year[12] - The total revenue from coal sales was 1.42 billion RMB, down 11.21% from 1.60 billion RMB in the previous year[12] - The company achieved a significant increase in renewable energy sales revenue, which reached 53.61 million RMB, a staggering 935.89% increase year-over-year[12] - The gross profit from renewable energy sales was approximately 31.85 million RMB, compared to 2.03 million RMB in the same period last year, marking a 1,466.97% increase[12] - The company’s electricity sales revenue decreased to approximately 1.32 billion RMB, down 9.11% from 1.45 billion RMB year-over-year[12] Costs and Expenses - Total operating costs increased to CNY 2,809,619,282, up 6.6% from CNY 2,636,304,102 in the same period last year[18] - The company’s coal sales cost increased by 12.25% to 847.88 million RMB compared to 755.38 million RMB in the previous year[12] - The company paid ¥1,047,631,321.87 in employee compensation in Q1 2025, an increase of 12.7% from ¥929,392,085.55 in Q1 2024[22] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 9,474,320, primarily due to government subsidies and asset disposal gains[8] - The significant decline in net profit was mainly attributed to the decrease in coal prices impacting overall profitability[9] Other Information - The weighted average return on net assets decreased by 1.5 percentage points to 1.26% from 2.76% in the previous year[6] - The total equity attributable to shareholders increased by 1.75% to CNY 16,174,730,456 from CNY 15,896,806,826 at the end of the previous year[6] - The company did not report any new product launches or significant market expansion strategies during this quarter[24]