HBIS Resources (000923)2025-04-24 14:25Financial Performance - The company's operating revenue for Q1 2025 was ¥1,235,733,707.09, a decrease of 23.32% compared to ¥1,611,445,272.34 in the same period last year[5] - Net profit attributable to shareholders was ¥125,830,298.74, down 47.59% from ¥240,082,820.87 year-on-year[5] - Basic and diluted earnings per share were both ¥0.1928, reflecting a decline of 47.58% from ¥0.3678 in the same period last year[5] - The company's net profit for the current period is CNY 174,297,005.63, a decrease of 50.1% compared to CNY 355,240,294.75 in the previous period[19] - Total comprehensive income for the current period is CNY 432,721,245.04, compared to CNY 462,291,636.74 in the previous period, reflecting a decline of 6.1%[19] - Operating income for the current period is CNY 240,175,303.93, compared to CNY 490,500,535.98 in the previous period, reflecting a decrease of 51.0%[19] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 84.10%, amounting to ¥146,271,740.17 compared to ¥920,199,954.75 in the previous year[5] - Cash and cash equivalents increased to CNY 4,465,943,411.47 from CNY 4,264,278,282.18, indicating a growth of approximately 4.7%[15] - The company reported cash and cash equivalents at the end of the period amounting to CNY 4,463,716,622.06, down from CNY 5,465,764,326.75 in the previous period, a decrease of 18.3%[21] - The company incurred income tax expenses of CNY 65,841,175.80, compared to CNY 130,120,394.45 in the previous period, a reduction of 49.3%[19] - The company’s cash outflow from investing activities was CNY 271,310,001.88, compared to CNY 313,046,849.71 in the previous period, a decrease of 13.4%[20] - The net cash flow from financing activities was CNY 302,385,797.91, with no cash outflow reported for debt repayment or dividend distribution[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,947,418,819.12, an increase of 3.37% from ¥16,395,056,293.18 at the end of the previous year[5] - The total liabilities increased to CNY 3,783,326,686.48 from CNY 3,663,685,405.58, marking an increase of approximately 3.3%[16] - The equity attributable to the parent company rose to CNY 9,959,379,494.94 from CNY 9,625,224,098.54, reflecting an increase of about 3.5%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,893, with no preferred shareholders[9] - The largest shareholder, Hebei Iron and Steel Group Co., Ltd., holds 35.00% of the shares, totaling 228,455,199 shares[9] Operational Efficiency - The company reported a significant reduction in sales expenses due to decreased road transportation costs compared to the previous year[10] - The total operating costs for the current period amount to CNY 1,010,466,000.69, down from CNY 1,132,746,003.78, reflecting a reduction of about 10.8%[18] - The company reported a significant reduction in sales expenses, which decreased to CNY 375,125,883.71 from CNY 525,343,391.26, a decline of approximately 28.5%[18] Future Plans - The company plans to increase its shareholding by CNY 1.00 billion to CNY 2.00 billion over a six-month period starting December 18, 2024, to boost investor confidence[13] - The company has completed the construction of its fundraising projects and will permanently supplement the remaining funds into working capital to enhance efficiency[12] Revenue Decline Factors - The decrease in revenue was primarily attributed to lower iron ore sales prices compared to the same period last year[10] - The net profit attributable to the parent company is not explicitly stated, but the decrease in revenue and costs suggests a challenging financial environment[18]