丰林集团(601996) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 320.03 million, a decrease of 19.72% compared to CNY 398.64 million in the same period last year[4]. - The net profit attributable to shareholders was CNY -34.88 million, reflecting a significant decline of 20,145.28% year-on-year from CNY -0.17 million[4]. - The basic earnings per share were CNY -0.0311, a decrease of 15,450.00% from CNY -0.0002 in the same period last year[5]. - Net profit for Q1 2025 was a loss of CNY 35,011,482.90, compared to a loss of CNY 67,071.47 in Q1 2024, indicating a worsening performance[20]. - The company reported a total comprehensive loss attributable to the parent company of CNY 34,734,603.02 in Q1 2025, compared to a loss of CNY 181,860.01 in Q1 2024[20]. - Basic and diluted earnings per share for Q1 2025 were both CNY -0.0311, compared to CNY -0.0002 in Q1 2024, indicating a decline in profitability[21]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -2.95 million, an improvement of 98.48% compared to CNY -194.39 million in the previous year[4]. - Cash flow from operating activities showed a net outflow of CNY 2,945,911.57 in Q1 2025, an improvement from a net outflow of CNY 194,391,585.24 in Q1 2024[22]. - Cash and cash equivalents at the end of Q1 2025 were CNY 586,147,238.99, compared to CNY 499,552,930.02 at the end of Q1 2024, indicating a stronger liquidity position[23]. - The company's cash and cash equivalents decreased to RMB 614,546,179.75 from RMB 744,445,258.18, representing a decline of approximately 17.43%[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,516.32 million, down 6.26% from CNY 3,751.11 million at the end of the previous year[5]. - The company's current assets totaled RMB 1,745,969,227.36, down from RMB 1,941,825,451.85, indicating a decrease of about 10.08%[16]. - The total liabilities decreased to RMB 937,681,359.13 from RMB 1,137,601,222.14, a reduction of about 17.54%[17]. - The company's total non-current assets amounted to RMB 1,770,350,476.98, a decrease from RMB 1,809,283,307.75, indicating a decline of approximately 2.15%[16]. - The company's total liabilities to equity ratio improved to approximately 0.36 from 0.44, indicating a stronger equity position relative to liabilities[17]. Inventory and Production - The company faced challenges due to increased domestic production capacity of particleboard, leading to an imbalance in supply and demand, which negatively impacted sales and prices[9]. - The company plans to maintain reasonable inventory levels and has increased downtime to manage production costs effectively[10]. - The company's inventory stood at RMB 696,807,213.71, slightly down from RMB 706,845,832.23, indicating a decrease of about 1.48%[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 29,006[12]. - The equity attributable to shareholders decreased by 1.33% to CNY 2,574.37 million from CNY 2,609.11 million at the end of the previous year[5]. - The company's equity attributable to shareholders decreased to RMB 2,574,373,774.37 from RMB 2,609,108,377.39, reflecting a decline of approximately 1.33%[17]. Research and Development - Research and development expenses increased significantly to CNY 3,472,777.84 in Q1 2025, up from CNY 804,817.97 in Q1 2024, reflecting a focus on innovation[19].