宁波富达(600724) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 338.76 million, a decrease of 39.08% compared to CNY 556.05 million in the same period last year[5]. - Net profit attributable to shareholders was CNY 57.95 million, down 14.34% from CNY 67.66 million year-on-year[5]. - Total revenue for Q1 2025 was ¥338,757,890.82, a decrease of 39.2% compared to ¥556,052,061.25 in Q1 2024[20]. - Net profit for Q1 2025 was ¥52,427,107.63, a decline of 21.5% from ¥66,749,943.19 in Q1 2024[21]. - Operating profit for Q1 2025 was ¥71,567,118.89, compared to ¥88,777,582.51 in Q1 2024, reflecting a decrease of 19.4%[21]. - Basic and diluted earnings per share for Q1 2025 were 0.0401 CNY, down from 0.0468 CNY in Q1 2024[22]. Cash Flow - The net cash flow from operating activities was CNY 4.82 million, a significant improvement from a negative CNY 10.67 million in the previous year[5]. - Cash inflow from operating activities for Q1 2025 was 405,195,080.15 CNY, a decline of 34.3% compared to 616,684,131.95 CNY in Q1 2024[23]. - Cash outflow from operating activities totaled 400,379,897.89 CNY, resulting in a net cash flow from operating activities of 4,815,182.26 CNY, compared to a net outflow of -10,668,748.00 CNY in the previous year[23]. - Cash inflow from investment activities was 252.00 CNY, significantly lower than 1,206,258.19 CNY in Q1 2024[24]. - Total cash outflow from investment activities increased to 91,796,047.95 CNY from 27,999,711.24 CNY year-over-year[24]. - Cash flow from financing activities showed a net outflow of -36,216,744.67 CNY, compared to a net inflow of 101,453,092.70 CNY in Q1 2024[24]. - The ending balance of cash and cash equivalents decreased to 141,258,985.24 CNY from 1,659,098,297.70 CNY year-over-year[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4.16 billion, a decrease of 1.29% from CNY 4.21 billion at the end of the previous year[6]. - Total assets amounted to ¥4,155,037,491.55, slightly down from ¥4,209,179,911.88 in the previous period[19]. - Total liabilities decreased to ¥830,769,242.16 from ¥937,529,449.48, indicating a reduction of 11.4%[18]. - Current assets totaled ¥1,145,927,809.33, down from ¥1,255,214,145.95, a decrease of 8.7%[18]. - Non-current assets increased to ¥3,009,109,682.22 from ¥2,953,965,765.93, reflecting a growth of 1.9%[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,344[10]. - The largest shareholder, Ningbo Urban Construction Investment Group Co., Ltd., holds 1,039,886,401 shares, representing 71.95% of total shares[10]. - The equity attributable to shareholders increased by 2.01% to CNY 2.94 billion from CNY 2.89 billion at the end of the previous year[6]. - The company’s equity attributable to shareholders increased to ¥2,943,781,712.57 from ¥2,885,727,964.24, a rise of 2.0%[18]. Operational Developments - The company is progressing on a 4,500 tons/day cement clinker production line project in collaboration with Zhejiang Shangfeng Building Materials Co., Ltd.[12]. - The acquisition of mining rights for limestone in Yuxi City was completed for ¥21.33 million, with 82.8% of the total investment already made[13]. - A green low-carbon energy-saving project is underway, with an investment of ¥6.59 million completed, representing 10.82% of the total project cost[14]. - The company plans to optimize its production capacity indicators in response to industry policy changes by the end of 2024[12]. Accounting and Reporting - The company did not apply new accounting standards or interpretations starting from 2025[25]. - The company has not reported any changes in the participation of major shareholders in margin financing or securities lending activities[11]. Other Financial Metrics - The weighted average return on equity was 1.99%, a decrease of 0.32 percentage points compared to 2.31% in the previous year[5]. - The company reported a financial expense of -¥177,489.42 in Q1 2025, compared to -¥5,529,416.68 in Q1 2024, indicating a significant improvement[20]. - The company reported a significant increase in contract liabilities by 58.04%, reaching CNY 54 million due to increased prepayments for cement sales[8]. - Accounts receivable increased to ¥232,919,185.04 from ¥208,503,910.26, reflecting a growth of approximately 11.5%[16]. - Inventory as of March 31, 2025, is reported at ¥106,420,981.90, up from ¥102,624,262.65, indicating a rise of about 3.9%[16].