新赛股份(600540) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,214,876,778.94, a significant increase of 312.03% compared to ¥294,850,450.07 in the same period last year[5] - Net profit attributable to shareholders was ¥18,190,724.27, reflecting a 315.74% increase from ¥4,375,529.24 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0313, up 317.33% from ¥0.0075 in the previous year[5] - The increase in operating revenue was primarily driven by higher sales of cotton and related products, including cotton oil and protein[5] - Total operating revenue for Q1 2025 reached ¥1,214,876,778.94, a significant increase from ¥294,850,450.07 in Q1 2024, representing a growth of approximately 312%[19] - Net profit for Q1 2025 was ¥16,808,585.58, up from ¥4,002,143.05 in Q1 2024, reflecting a growth of approximately 320%[20] - Earnings per share for Q1 2025 was ¥0.0313, compared to ¥0.0075 in Q1 2024, marking an increase of 317%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,677,189,586.51, representing a 21.24% increase from ¥4,682,762,458.52 at the end of the previous year[5] - The company's total assets amounted to CNY 5,677,189,586.51, an increase from CNY 4,682,762,458.52 as of December 31, 2024, representing a growth of approximately 21.2%[13] - The company's current assets reached CNY 4,633,220,015.50, up from CNY 3,631,976,417.48, indicating a growth of about 27.6% year-over-year[14] - The company's total liabilities were CNY 5,158,921,667.49, which is an increase from CNY 4,181,234,290.05, showing a rise of about 23.4%[15] - Short-term borrowings increased to CNY 3,909,900,000.00 from CNY 3,455,053,130.80, marking an increase of approximately 13.1%[15] - The total liabilities and equity increased from ¥4,682,762,458.52 to ¥5,677,189,586.51, reflecting a growth of approximately 21%[16] Cash Flow - The net cash flow from operating activities was negative at -¥177,259,882.87, a decrease of 145.75% compared to ¥387,456,080.48 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was negative at -¥177,259,882.87, a decline from a positive cash flow of ¥387,456,080.48 in Q1 2024[22] - Net cash flow from investing activities was -$38.39 million in Q1 2025, compared to -$22.84 million in Q1 2024, indicating a decline in investment performance[23] - Cash inflow from financing activities increased significantly to $1.31 billion in Q1 2025, up from $212.87 million in Q1 2024, reflecting strong borrowing activity[23] - Net cash flow from financing activities improved to $626.46 million in Q1 2025, compared to a negative $29.05 million in Q1 2024, showing a positive shift in financing operations[23] - The net increase in cash and cash equivalents for Q1 2025 was $410.81 million, compared to $335.57 million in Q1 2024, showing overall cash growth[23] Investments and Expenses - Research and development expenses for Q1 2025 were ¥98,699.64, up from ¥66,591.80 in Q1 2024, indicating an increase of approximately 48%[19] - The company reported an investment income of ¥17,430,916.05 in Q1 2025, compared to ¥1,009,271.49 in Q1 2024, showing a substantial increase of about 1630%[19] - Cash outflow for investment activities totaled $214.50 million in Q1 2025, significantly higher than $38.92 million in Q1 2024, suggesting increased investment efforts[23] - Cash paid for debt repayment was $653.66 million in Q1 2025, compared to $225.60 million in Q1 2024, reflecting a higher focus on debt management[23] Shareholder Returns - Cash dividends and interest payments amounted to $30.17 million in Q1 2025, up from $16.31 million in Q1 2024, indicating increased returns to shareholders[23] - The company's equity attributable to shareholders rose to ¥503,536,427.32, a 3.75% increase from ¥485,345,703.05 at the end of the previous year[5] Other Financial Metrics - The weighted average return on equity increased by 3.08 percentage points to 3.68% from 0.6%[5] - The company reported non-recurring gains of ¥12,502,523.78 after accounting for tax and minority interests[8] - The company experienced a foreign exchange loss of ¥1,060,385.43 in Q1 2025, compared to a gain of ¥3,051,745.67 in Q1 2024[20] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[12] - The total equity remained stable at CNY 581,376,960.00, unchanged from the previous period[15] - The company did not apply new accounting standards or interpretations starting in 2025, maintaining consistency in financial reporting[23] - The company's cash flow management strategies appear effective, as evidenced by the significant increase in cash reserves and improved financing cash flows[23]