SHANGHAI ENERGY(SH:600508)2025-04-25 09:50Financial Performance - The company's operating revenue for Q1 2025 was ¥1,736,025,328.01, a decrease of 25.16% compared to ¥2,319,567,984.56 in the same period last year[5] - Net profit attributable to shareholders was ¥104,605,869.62, down 65.45% from ¥302,764,646.91 year-on-year[5] - The basic earnings per share decreased by 66.67% to ¥0.14 from ¥0.42 in the same period last year[5] - Total operating revenue for Q1 2025 was CNY 1,736,025,328.01, a decrease of 25.1% compared to CNY 2,319,567,984.56 in Q1 2024[17] - Operating profit for Q1 2025 was CNY 129,120,423.49, a decline of 68.9% from CNY 414,829,774.69 in Q1 2024[17] - The total revenue for Q1 2025 was approximately CNY 1.77 billion, a decrease of 26.4% compared to CNY 2.41 billion in Q1 2024[21] - The net profit for Q1 2025 was CNY 94.53 million, down 68.4% from CNY 299.32 million in Q1 2024[18] - The total comprehensive income for Q1 2025 was CNY 94.78 million, significantly lower than CNY 299.06 million in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥191,240,655.73, a decline of 373.87% compared to ¥69,829,769.13 in the previous year[5] - The operating cash flow for Q1 2025 showed a net outflow of CNY 191.24 million, contrasting with a net inflow of CNY 69.83 million in Q1 2024[21] - The company incurred a total operating cash outflow of CNY 1.96 billion in Q1 2025, compared to CNY 2.34 billion in Q1 2024[21] - Cash and cash equivalents decreased to CNY 2,251,680,593.43 as of March 31, 2025, from CNY 2,704,463,608.98 at the end of 2024, a reduction of 16.7%[12] - The cash and cash equivalents at the end of Q1 2025 were CNY 1.81 billion, a decrease from CNY 2.59 billion at the end of Q1 2024[22] - The company raised CNY 53 million through borrowings in Q1 2025, an increase from CNY 46 million in Q1 2024[22] - The company’s cash flow from investing activities showed a net outflow of CNY 269.97 million in Q1 2025, compared to CNY 158.09 million in Q1 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥19,505,564,926.88, a slight decrease of 0.93% from ¥19,688,050,576.37 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 19,505,564,926.88, a decrease of 0.9% from CNY 19,688,050,576.37 at the end of 2024[14] - Total liabilities decreased to CNY 6,636,639,471.12 as of March 31, 2025, down 4.2% from CNY 6,924,621,416.89 at the end of 2024[14] - Non-current liabilities increased to CNY 3,749,853,125.22 in Q1 2025, up 1.7% from CNY 3,687,129,882.20 in Q4 2024[14] - Accounts receivable increased to CNY 487,455,882.28 in Q1 2025, up 41.7% from CNY 344,111,309.29 in Q4 2024[12] - Inventory rose to CNY 413,563,552.21 in Q1 2025, an increase of 62.7% compared to CNY 254,284,824.18 in Q4 2024[12] Production and Operational Efforts - The company produced 1.8172 million tons of self-produced coal and 0.9328 million tons of washed coal during Q1 2025[11] - The company generated 898 million kWh of electricity and processed 28,900 tons of aluminum during the same period[11] - The company is actively working to stabilize production capacity and improve coal quality in response to market challenges[7] - The company aims to enhance cost reduction and efficiency improvement measures to achieve production and operational targets[7] Return on Equity - The weighted average return on equity decreased to 0.81% from 2.37% year-on-year[5] Impairment Loss - The company reported a net credit impairment loss of CNY -1,421,693.99 in Q1 2025, compared to CNY -92,800.98 in Q1 2024[17] - The company reported a decrease in other comprehensive income, with a net amount of CNY 248,898.88 in Q1 2025, compared to a loss of CNY 259,539.54 in Q1 2024[18]