振华股份(603067) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,019,775,090.59, representing a year-on-year increase of 7.59% compared to CNY 947,844,349.45 in the same period last year[4] - Net profit attributable to shareholders was CNY 117,381,003.04, a significant increase of 37.27% from CNY 85,512,448.06 in the previous year[4] - The basic earnings per share rose to CNY 0.23, reflecting a growth of 35.29% compared to CNY 0.17 in the same period last year[4] - Net profit for Q1 2025 was ¥116,667,143.96, representing a 36.0% increase from ¥85,901,681.69 in Q1 2024[22] - Total comprehensive income for Q1 2025 was RMB 66,921,734.79, significantly higher than RMB 39,816,524.53 in Q1 2024[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,174,524,217.03, marking a 2.35% increase from CNY 5,055,807,316.80 at the end of the previous year[5] - The total assets as of March 31, 2025, were ¥5,174,524,217.03, up from ¥5,055,807,316.80 as of December 31, 2024[17] - Total liabilities as of March 31, 2025, were ¥1,850,248,439.48, slightly increased from ¥1,848,377,702.94 as of December 31, 2024[17] - The company's total liabilities increased to 1,571,061,688.57 as of March 31, 2025, compared to 1,559,347,562.71 at the end of 2024[30] Cash Flow - The net cash flow from operating activities was reported at -CNY 10,605,328.15, an improvement from -CNY 57,323,175.81 in the same period last year[4] - The cash flow from operating activities for Q1 2025 was ¥522,469,775.70, an increase from ¥493,918,425.59 in Q1 2024[24] - The company reported a net cash flow from operating activities of RMB -2,653,926.61 in Q1 2025, an improvement from RMB -7,087,709.20 in Q1 2024[34] - Investment activities resulted in a net cash outflow of RMB -195,590,339.26 in Q1 2025, compared to RMB -22,206,727.15 in Q1 2024[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,587[9] - The largest shareholder, Cai Zaihua, holds 37.16% of the shares, amounting to 189,153,619 shares[9] Research and Development - Research and development expenses in Q1 2025 amounted to ¥47,097,889.05, a significant increase of 65.0% from ¥28,554,697.24 in Q1 2024[21] - Research and development expenses increased to RMB 21,031,156.65 in Q1 2025, a 59.4% rise from RMB 13,202,058.29 in Q1 2024[32] Operational Highlights - The company delivered over 2,500 tons of metal chromium in Q1 2025, leading the industry in sales volume during the same period[11] - The company established stable partnerships with well-known manufacturers and institutions, including Fushun Special Steel and Beijing Aeronautical Materials Research Institute, enhancing its market position[11] - The production line for metal chromium is undergoing expansion, expected to contribute to sustained performance growth within the year[11] - The company’s innovative production process, which includes "one item, one code, full traceability," has been well-received by high-end customers, enhancing its competitive edge[11] Inventory and Current Assets - As of March 31, 2025, the company's total current assets amounted to RMB 2,409,256,182.48, an increase from RMB 2,317,039,655.11 as of December 31, 2024, reflecting a growth of approximately 3.9%[15] - The company's cash and cash equivalents decreased to RMB 370,036,174.75 from RMB 483,774,588.63, representing a decline of about 23.4%[15] - The accounts receivable increased significantly to RMB 585,867,273.33 from RMB 474,763,585.45, marking an increase of approximately 23.4%[15] - The inventory level decreased to RMB 772,836,403.13 from RMB 826,439,026.79, indicating a reduction of about 6.5%[15]