金宏气体(688106) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 622,513,751.39, representing a year-on-year increase of 5.62% compared to CNY 589,385,657.72 in the same period last year[6]. - Net profit attributable to shareholders decreased by 42.47% to CNY 44,003,241.69 from CNY 76,482,616.23 year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 41.68% to CNY 29,260,913.84 from CNY 50,175,892.97 year-on-year[6]. - The basic earnings per share decreased by 43.75% to CNY 0.09 from CNY 0.16 year-on-year[7]. - The diluted earnings per share decreased by 46.67% to CNY 0.08 from CNY 0.15 year-on-year[7]. - Net profit for Q1 2025 was ¥46,240,231.74, a decrease of 40.9% from ¥77,996,403.58 in Q1 2024[28]. - Earnings per share for Q1 2025 were ¥0.09, down from ¥0.16 in Q1 2024[28]. - The company reported a net profit for the first quarter of 2025 is 88,588,894.33 RMB, a decrease from 90,683,884.96 RMB in the first quarter of 2024, representing a decline of approximately 2%[42]. - The company’s total profit for Q1 2025 is 93,122,261.71 RMB, down from 98,635,732.02 RMB in Q1 2024, indicating a decline of about 5.7%[42]. Cash Flow and Investments - The net cash flow from operating activities increased by 21.82% to CNY 96,095,231.71 compared to CNY 78,880,498.69 in the same period last year[6]. - Cash inflow from operating activities in Q1 2025 was ¥758,921,252.94, compared to ¥693,937,279.92 in Q1 2024, reflecting a growth of 9.4%[31]. - The net cash flow from investing activities was CNY -225,087,630.38, a decline from CNY -28,657,786.80 in the previous year, indicating increased investment outflows[32]. - The company reported a net cash inflow from financing activities of CNY 264,857,835.85, down from CNY 631,653,023.35 in the previous year, indicating a significant decrease of 58%[33]. - Cash flow from financing activities in Q1 2025 shows a net outflow of -60,004,775.99 RMB, contrasting with a net inflow of 687,475,238.83 RMB in Q1 2024[46]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,050,868,525.38, an increase of 4.19% from CNY 6,767,227,436.76 at the end of the previous year[7]. - The company's current assets totaled RMB 2,374,294,205.49, up from RMB 2,261,724,042.07, indicating an increase of about 4.97%[20]. - The total liabilities stood at RMB 2,374,294,205.49, reflecting a rise from the previous total, indicating a potential increase in leverage[20]. - The total liabilities as of the reporting date were ¥3,703,786,680.87, compared to ¥3,417,375,161.37 in the previous period, indicating an increase of 8.4%[23]. - The total cash and cash equivalents at the end of Q1 2025 is 284,500,406.88 RMB, down from 727,558,764.56 RMB at the end of Q1 2024, a decrease of about 61%[46]. Research and Development - R&D investment totaled CNY 27,734,030.53, up 16.97% from CNY 23,711,351.14 year-on-year, accounting for 4.46% of operating revenue[7]. - Research and development expenses for Q1 2025 amounted to ¥27,734,030.53, an increase of 16.9% from ¥23,711,351.14 in Q1 2024[27]. - Research and development expenses for Q1 2025 were CNY 24,439,210.01, compared to CNY 22,186,213.40 in Q1 2024, reflecting an increase of 10.2%[41]. Market Conditions - The company faced increased market competition, leading to a decline in product prices and overall gross margin, contributing to the drop in net profit[12]. - The revenue composition for the reporting period included bulk gases at 41.98%, specialty gases at 34.27%, on-site gas production and rental at 12.89%, and gas at 10.87%[12].