厦门钨业(600549) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 8,376,381,385.05, representing a year-on-year increase of 1.29% compared to CNY 8,269,711,547.46 in the same period last year[5] - The net profit attributable to shareholders decreased by 8.46% to CNY 390,995,200.19 from CNY 427,113,021.13 in the previous year[5] - The net profit after deducting non-recurring gains and losses increased by 22.08% to CNY 367,220,813.89, up from CNY 300,796,233.90 year-on-year[5] - Basic and diluted earnings per share decreased by 18.42% to CNY 0.2463 from CNY 0.3019 in the previous year[5] - The total profit for the first quarter of 2025 is 865,259,687.67 CNY, compared to a loss of 76,288,034.34 CNY in the same period of 2024, indicating a significant turnaround[30] - The total comprehensive income for the first quarter of 2025 is 864,540,650.24 CNY, compared to a loss of 73,279,462.56 CNY in the same quarter of 2024[30] Cash Flow - The net cash flow from operating activities was negative at CNY -376,316,036.28, a significant decline of 166.08% compared to CNY 569,468,286.33 in the same period last year[5] - The company's net cash flow from investing activities was -786,666,681.12 RMB, compared to -493,141,599.77 RMB in the previous period, indicating a significant increase in cash outflow[24] - The net cash flow from operating activities for Q1 2025 is -159,531,378.98 CNY, a decline from a positive cash flow of 142,488,480.41 CNY in Q1 2024[33] - Cash inflow from investment activities in Q1 2025 amounts to 900,444,094.06 CNY, while cash outflow is 1,153,451,845.04 CNY, resulting in a net cash flow of -253,007,750.98 CNY[33] - The cash flow from financing activities shows a net outflow of -558,736,192.65 CNY in Q1 2025, compared to a net inflow of 733,619,503.81 CNY in Q1 2024[33] Assets and Liabilities - The total assets at the end of the reporting period were CNY 45,259,035,931.79, a decrease of 0.45% from CNY 45,463,760,382.89 at the end of the previous year[6] - The total assets of the company as of March 31, 2025, amounted to CNY 45.259 billion, slightly down from CNY 45.464 billion at the end of 2024[18] - The total liabilities decreased from CNY 21.113 billion at the end of 2024 to CNY 20.652 billion by March 31, 2025[17] - The company's total liabilities decreased to 11,040,411,229.32 RMB from 11,335,562,669.61 RMB, indicating improved financial stability[27] Business Segment Performance - In Q1 2025, the tungsten and molybdenum business achieved revenue of CNY 4.054 billion, a year-on-year increase of 0.18%, with total profit of CNY 528 million, down 2.35%[12] - The energy new materials business reported revenue of CNY 2.977 billion, a decline of 9.77%, while total profit increased by 8.52% to CNY 124 million[12] - The rare earth business generated revenue of CNY 1.335 billion, up 46.36%, with total profit rising 65.10% to CNY 66 million[13] - The real estate business recorded revenue of CNY 11 million, a decrease of 9.09%, and a total loss of CNY 21 million, worsening by CNY 13.7 million compared to the previous year[13] Shareholder Information - The total number of common shareholders at the end of the reporting period was 100,249[9] - The equity attributable to shareholders increased by 2.56% to CNY 16,309,360,120.19 from CNY 15,902,788,167.32 at the end of the previous year[6] Research and Development - Research and development expenses for Q1 2025 were approximately ¥305.62 million, a decrease of 14.74% from ¥358.36 million in Q1 2024[20] - Research and development expenses increased to 35,243,929.18 RMB in Q1 2025, compared to 28,604,989.26 RMB in Q1 2024, reflecting a focus on innovation[29] Cash and Cash Equivalents - The company's cash and cash equivalents decreased from CNY 6.974 billion at the end of 2024 to CNY 3.821 billion by March 31, 2025[15] - Total cash and cash equivalents at the end of the period amounted to 3,771,587,898.79 RMB, down from 4,272,056,342.24 RMB[24] - The ending cash and cash equivalents balance for Q1 2025 is 1,065,272,312.10 CNY, compared to 1,096,029,634.99 CNY at the end of Q1 2024[33] Tax and Other Income - The company’s tax expenses for Q1 2025 are 74,654.78 CNY, significantly lower than 2,049,085.00 CNY in Q1 2024[30] - Other comprehensive income after tax for Q1 2025 was approximately ¥10.62 million, compared to a loss of ¥25.30 million in Q1 2024[21] - Investment income for Q1 2025 was approximately ¥25.44 million, a significant decrease from ¥169.65 million in Q1 2024[21]