峰璟股份(002662) - 2025 Q1 - 季度财报

Major Financial Data Major Accounting Data and Financial Indicators In Q1 2025, the company experienced a significant year-over-year performance decline, with operating revenue down 20.41% to RMB 662 million and net profit attributable to shareholders dropping 61.02% to RMB 42.9 million Q1 2025 Key Financial Indicators | Item | Current Period | Prior Year Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 661,891,219.15 | 831,646,658.86 | -20.41% | | Net Profit Attributable to Shareholders (RMB) | 42,903,717.78 | 110,069,614.59 | -61.02% | | Net Profit Excluding Non-recurring Items (RMB) | 39,485,785.26 | 107,932,852.04 | -63.42% | | Net Cash Flow from Operating Activities (RMB) | 159,712,084.11 | 177,536,542.46 | -10.04% | | Basic Earnings Per Share (RMB/share) | 0.03 | 0.07 | -57.14% | | Weighted Average Return on Net Assets | 0.99% | 2.65% | -1.66% | | Total Assets (RMB) | 5,302,470,380.15 | 5,315,356,728.40 (Prior Year-end) | -0.24% (vs. Period-start) | | Total Equity Attributable to Shareholders (RMB) | 4,350,488,094.21 | 4,307,584,376.43 (Prior Year-end) | 1.00% (vs. Period-start) | Non-recurring Gains and Losses Items and Amounts The company recorded total non-recurring gains and losses of RMB 3.418 million, mainly from fair value changes in financial assets and government grants, partially offset by non-current asset disposal losses Q1 2025 Non-recurring Gains and Losses Details | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -1,861,147.94 | | Government Grants | 2,527,665.12 | | Gains/Losses from Fair Value Changes of Financial Assets/Liabilities | 3,257,387.65 | | Other Non-operating Income and Expenses | 115,699.68 | | Income Tax Impact | -621,671.99 | | Total | 3,417,932.52 | Analysis of Major Financial Indicator Changes Several financial indicators showed significant changes, including a 32.42% increase in construction in progress due to battery project investments, a 103.05% rise in financial expenses, and a 75.23% increase in investment cash outflows Major Financial Indicator Changes and Reasons | Item | Year-over-Year Change | Reason for Change | | :--- | :--- | :--- | | Construction in Progress | 32.42% | Primarily due to investments in battery project assets during the current reporting period | | Financial Expenses | 103.05% | Primarily due to exchange losses and increased interest from higher loan volumes compared to the prior year | | Investment Income | -69.39% | Primarily due to decreased profits from joint ventures and associates in the current reporting period | | Operating Profit | -57.75% | Primarily due to a decrease in operating revenue during the current reporting period | | Net Cash Flow from Investing Activities | -75.23% | Primarily due to investments in battery project assets during the current reporting period | | Net Cash Flow from Financing Activities | 82.86% | Primarily due to repayment of borrowings in the prior year period | Shareholder Information Common Shareholder Information As of the reporting period end, the company had 42,871 common shareholders, with Beijing Zhonghuan Investment Management Co., Ltd. as the largest shareholder (30.40% stake), of which 306 million shares are pledged - Total common shareholders at the end of the reporting period were 42,871[11] Top Three Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Beijing Zhonghuan Investment Management Co., Ltd. | Domestic Non-state-owned Legal Person | 30.40% | 456,000,000.00 | | WKW AG (Germany) | Overseas Legal Person | 11.62% | 174,367,772.00 | | Jin Yiming | Domestic Natural Person | 1.93% | 29,000,098.00 | - The largest shareholder, Beijing Zhonghuan Investment Management Co., Ltd., pledged 306 million of its shares[11] Preferred Shareholder Information The company had no preferred shareholders during the reporting period - The company has no preferred shareholders[13] Other Significant Matters Other Significant Matters No other significant matters required disclosure during the reporting period - No other significant matters were disclosed in the report[13] Quarterly Financial Statements Financial Statements Consolidated Balance Sheet As of March 31, 2025, total assets were RMB 5.302 billion (down 0.24% from year-start), total liabilities RMB 952 million (down 5.54%), and equity attributable to shareholders RMB 4.350 billion (up 1.00%) Key Balance Sheet Items (March 31, 2025) | Item | Period-end Balance (RMB) | Period-start Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 5,302,470,380.15 | 5,315,356,728.40 | | Total Liabilities | 951,982,285.94 | 1,007,772,351.97 | | Total Equity Attributable to Parent Company Shareholders | 4,350,488,094.21 | 4,307,584,376.43 | Consolidated Income Statement In Q1 2025, operating revenue was RMB 662 million (down 20.41% YoY), operating profit RMB 54.89 million (down 57.75%), and net profit RMB 42.90 million (down 61.02%), impacted by revenue decline Key Income Statement Items (Q1 2025) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 661,891,219.15 | 831,646,658.86 | | Operating Profit | 54,888,581.80 | 129,912,147.03 | | Total Profit | 54,402,965.60 | 130,003,603.08 | | Net Profit | 42,903,717.78 | 110,069,614.59 | Consolidated Cash Flow Statement Net cash flow from operating activities was RMB 160 million (down 10.04% YoY); net cash flow from investing activities was negative RMB 136 million due to increased long-term asset acquisitions; net cash flow from financing activities was negative RMB 13.3 million Key Cash Flow Statement Items (Q1 2025) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 159,712,084.11 | 177,536,542.46 | | Net Cash Flow from Investing Activities | -135,947,237.50 | -77,582,274.96 | | Net Cash Flow from Financing Activities | -13,300,607.85 | -77,605,909.73 | | Net Increase in Cash and Cash Equivalents | 10,505,800.77 | 22,300,969.51 | Audit Report The company's Q1 2025 report is unaudited - The company's first quarter report is unaudited[21]