鹿山新材(603051) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥334,087,786.37, a decrease of 39.90% compared to ¥555,879,052.95 in the same period last year[5] - Net profit attributable to shareholders was ¥14,204,732.62, down 43.04% from ¥24,939,392.72 year-on-year[5] - The net profit excluding non-recurring gains and losses dropped by 95.50%, from ¥16,227,479.84 to ¥730,127.99[5] - Basic earnings per share decreased by 48.15% to ¥0.14, while diluted earnings per share fell by 51.72% to ¥0.14[6] - The weighted average return on net assets decreased by 0.97 percentage points to 0.91%[6] - Total operating revenue for Q1 2025 was ¥334,087,786.37, a decrease of 40% compared to ¥555,879,052.95 in Q1 2024[19] - Net profit for Q1 2025 was ¥14,204,732.62, a decline of 43% from ¥24,939,392.72 in Q1 2024[20] - Operating profit for Q1 2025 was ¥17,200,998.97, compared to ¥24,367,617.52 in Q1 2024, indicating a decrease of 29%[20] - Other comprehensive income for Q1 2025 was ¥293,610.39, compared to a loss of ¥188,267.84 in Q1 2024[20] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥21,582,789.07, compared to a negative cash flow of ¥212,271,107.64 in the previous year[5] - Cash flow from operating activities for Q1 2025 was ¥21,582,789.07, a significant improvement from a negative cash flow of ¥212,271,107.64 in Q1 2024[24] - Cash inflow from investment activities in Q1 2025 was ¥1,660,666,370.11, compared to ¥181,984,523.59 in Q1 2024, marking a substantial increase[24] - Cash outflow from investment activities for Q1 2025 totaled ¥1,914,236,797.00, up from ¥250,735,072.39 in Q1 2024[24] - Cash inflow from financing activities totaled $71,505,462.83, a decrease from $199,436,289.61 in the previous period[25] - Cash outflow from financing activities amounted to $50,806,544.01, compared to $37,078,606.95 previously, indicating an increase of approximately 37%[25] - Net cash flow from financing activities was $20,698,918.82, down from $162,357,682.66, reflecting a significant decline[25] - The net increase in cash and cash equivalents was -$209,937,563.23, worsening from -$118,540,003.99 in the prior period[25] - The ending balance of cash and cash equivalents stood at $411,479,634.65, compared to $169,796,627.78 previously, showing a substantial increase[25] - The company repaid $33,820,552.34 in debt, which is a significant increase from $12,901,111.40 in the previous period[25] - Dividend and interest payments totaled $3,514,916.55, down from $10,294,743.55, indicating a reduction of approximately 66%[25] - The impact of exchange rate changes on cash and cash equivalents was $1,351,155.77, compared to $123,969.79 previously, showing a notable increase[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,563,622,476.24, an increase of 1.55% from ¥2,524,595,069.25 at the end of the previous year[6] - As of March 31, 2025, the company's total assets amounted to RMB 2,563,622,476.24, an increase from RMB 2,524,595,069.25 as of December 31, 2024, reflecting a growth of approximately 1.54%[14] - The company's cash and cash equivalents decreased to RMB 462,245,174.78 from RMB 657,604,346.73, representing a decline of about 29.73%[14] - Accounts receivable stood at RMB 550,039,849.00, down from RMB 601,047,113.77, indicating a decrease of approximately 8.47%[15] - Inventory increased to RMB 286,328,852.21 from RMB 215,403,766.63, showing a growth of around 32.88%[15] - Total current liabilities rose to RMB 643,943,415.30 from RMB 615,591,675.05, marking an increase of about 4.83%[16] - The company's total liabilities reached RMB 989,316,184.28, up from RMB 964,789,854.06, reflecting an increase of approximately 2.67%[16] - The equity attributable to owners of the company remained stable with a slight increase in paid-in capital to RMB 104,623,153.00 from RMB 104,623,024.00[16] - The company reported a significant increase in prepayments, which rose to RMB 63,592,302.49 from RMB 40,106,701.67, a growth of approximately 58.43%[15] Market and Operational Insights - The decline in revenue and profit was primarily attributed to a decrease in sales price and volume of hot melt adhesive film products[8] - The company reported a total of 19,363 ordinary shareholders at the end of the reporting period[10] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[12] - There are no significant new strategies or product developments mentioned in the conference call[12] Governance and Reporting - The company is set to implement new accounting standards starting in 2025, which may affect financial reporting[25] - The board of directors announced the financial results on April 25, 2025, under the leadership of Wang Jiasheng[25]