JINNENG(SH:603113)2025-04-27 08:10Financial Performance - The company's operating revenue for Q1 2025 reached ¥4,460,639,650.22, representing a 31.72% increase compared to ¥3,386,503,062.85 in the same period last year[5] - Net profit attributable to shareholders was ¥75,938,311.53, a significant recovery from a loss of ¥24,312,556.21 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥59,975,580.27, compared to a loss of ¥35,059,712.00 in the same period last year[8] - Basic earnings per share increased to ¥0.09 from a loss of ¥0.03 in the same period last year[6] - The diluted earnings per share improved to ¥0.08 from a loss of ¥0.01 in the previous year[6] - Operating profit for Q1 2025 was CNY 86,963,946.58, compared to an operating loss of CNY 27,529,588.24 in the same period last year[19] - The total comprehensive income for Q1 2025 was CNY 92,681,258.65, compared to a comprehensive loss of CNY 19,577,675.96 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was ¥211,306,763.96, a turnaround from a negative cash flow of ¥28,854,238.88 in the previous year[8] - Cash flow from operating activities generated a net cash inflow of CNY 211,306,763.96, a turnaround from a net outflow of CNY 28,854,238.88 in Q1 2024[21] - Cash flow from investing activities resulted in a net outflow of CNY 310,430,373.49, compared to a net outflow of CNY 426,572,072.00 in the previous year[21] - Cash flow from financing activities generated a net inflow of CNY 358,594,381.82, down from CNY 517,784,780.67 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,816,741,421.63, up 4.21% from ¥19,016,690,637.55 at the end of the previous year[6] - Total liabilities increased to ¥11,086,149,855.06 as of March 31, 2025, from ¥10,386,552,424.61 at the end of 2024, reflecting a rise of 6.7%[15] - Cash and cash equivalents as of March 31, 2025, were ¥3,053,749,065.52, up from ¥2,831,156,280.31 as of December 31, 2024, indicating an increase of 7.8%[13] - Inventory as of March 31, 2025, was ¥1,829,711,802.56, compared to ¥1,611,886,023.63 as of December 31, 2024, showing an increase of 13.5%[13] Shareholder Equity - Shareholder equity attributable to the parent company increased to ¥8,730,591,566.57, a 1.16% rise from ¥8,630,138,212.94 at the end of the previous year[6] - The company's total equity as of March 31, 2025, was ¥8,730,591,566.57, slightly up from ¥8,630,138,212.94 at the end of 2024, indicating a growth of 1.2%[15] Research and Development - Research and development expenses increased to ¥40,072,464.13 in Q1 2025, compared to ¥24,880,512.82 in Q1 2024, marking a 61.0% rise[18] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] Other Financial Metrics - The increase in operating revenue was primarily driven by an increase in olefin product capacity[7] - Total operating costs for Q1 2025 were ¥4,391,775,017.19, up from ¥3,435,513,664.70 in Q1 2024, reflecting a 27.8% increase[18] - The company reported a net investment income of ¥888,039.07 in Q1 2025, recovering from a loss of ¥12,613,906.36 in Q1 2024[18] - Total revenue for Q1 2025 reached ¥4,460,639,650.22, a 31.8% increase from ¥3,386,503,062.85 in Q1 2024[18] - Total revenue from sales and services received in Q1 2025 was CNY 1,776,394,009.66, down from CNY 3,780,256,876.51 in Q1 2024[21] - The company did not report any net profit from the merged entity prior to the merger, indicating no impact on the financials from this activity[20]