TSPC(000554)2025-04-24 14:20Financial Performance - The company's operating revenue for Q1 2025 was ¥801,816,873.86, a decrease of 4.76% compared to ¥841,907,657.64 in the same period last year[5] - Net profit attributable to shareholders increased by 185.74% to ¥52,965,668.09 from ¥18,536,572.62 year-on-year[5] - Basic and diluted earnings per share rose by 185.49% to ¥0.1102, compared to ¥0.0386 in the same period last year[5] - Operating profit increased by 184.40%, attributed to high inventory levels and rising oil prices post-New Year[8] - Net profit increased to ¥53,124,158.75 compared to ¥18,811,679.60 in the previous period, marking a significant growth of approximately 182.5%[17] Cash Flow - The net cash flow from operating activities decreased by 61.74% to ¥81,312,719.67, down from ¥212,518,253.39 in the previous year[5] - Cash inflow from operating activities totaled 904,983,500.16, down from 942,514,058.21, reflecting a decrease of approximately 4.0%[18] - Cash outflow from operating activities increased from 729,995,804.82 to 823,670,780.49, an increase of about 12.8%[18] - Net cash flow from investing activities was -13,497,516.32, compared to -27,896,121.99, indicating an improvement of approximately 51.6%[19] - Cash flow from financing activities resulted in a net outflow of -1,734,892.23, an improvement from -5,266,720.94, representing a decrease in outflow of about 67.0%[19] - The net increase in cash and cash equivalents was 66,080,311.12, down from 179,355,410.46, a decrease of approximately 63.2%[19] - The ending balance of cash and cash equivalents increased to 414,842,842.27 from 286,143,081.40, reflecting an increase of about 45.0%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,752,258,908.78, a decrease of 7.09% from ¥1,885,978,423.29 at the end of the previous year[5] - Total liabilities decreased to ¥655,024,984.69 from ¥847,688,681.95, reflecting a decline of approximately 22.7%[14] - Total current assets decreased to ¥850,957,292.01 from ¥920,145,112.64, a decline of approximately 7.5%[12] - Accounts payable decreased to ¥443,106,158.06 from ¥567,629,144.72, a decline of approximately 22.0%[14] - Deferred income tax assets decreased significantly to ¥12,863,220.99 from ¥52,704,531.43, a drop of about 75.6%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,020, with no preferred shareholders having restored voting rights[10] - The largest shareholder, China Petroleum & Chemical Corporation, holds 24.57% of the shares, totaling 118,140,121 shares[10] - The company has no preferred shareholders and no significant changes in shareholder relationships were reported[11] Other Financial Metrics - The weighted average return on equity increased to 4.96%, up from 1.94% year-on-year, reflecting improved profitability[5] - Other receivables increased by 253.58% compared to the beginning of the period, mainly due to an increase in amounts owed by customers[8] - The company reported a significant increase in other income to ¥61,765.96 from ¥13,642.13, an increase of approximately 353.5%[16] - The company’s financial expenses decreased to ¥887,451.15 from ¥1,323,992.27, a reduction of about 33.0%[16] Inventory and Fixed Assets - Inventory decreased to ¥385,129,317.96 from ¥528,284,306.27, reflecting a reduction of about 27%[12] - Fixed assets decreased to ¥440,983,698.41 from ¥455,325,346.19, a reduction of approximately 3.2%[12] - The company experienced a 42.62% increase in taxes payable compared to the beginning of the period, indicating higher tax obligations[8] Audit Status - The company has not yet audited the first quarter report for 2025[20]