新化股份(603867) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 764,698,211.60, representing a year-on-year increase of 2.81% compared to CNY 743,795,208.21 in the same period last year[4] - Net profit attributable to shareholders decreased by 5.98% to CNY 71,570,375.34 from CNY 76,119,767.38 in the previous year[4] - Basic earnings per share decreased by 7.32% to CNY 0.38 from CNY 0.41 year-on-year[5] - Total operating revenue for Q1 2025 reached ¥764,698,211.60, an increase of 2.4% compared to ¥743,795,208.21 in Q1 2024[15] - Net profit for Q1 2025 was ¥84,028,926.47, a decrease of 5.2% from ¥88,465,979.16 in Q1 2024[16] - Total comprehensive income for the first quarter of 2025 was CNY 82,463,614.04, a decrease from CNY 88,465,979.16 in the same period of 2024, representing a decline of approximately 6.3%[17] - Basic earnings per share for Q1 2025 were CNY 0.38, down from CNY 0.41 in Q1 2024, reflecting a decrease of about 7.3%[17] Cash Flow - The net cash flow from operating activities was negative at CNY -67,579,817.85, a significant decline from CNY -6,513,110.61 in the same period last year[4] - Cash inflow from operating activities totaled CNY 766,713,758.71 in Q1 2025, an increase of approximately 23.6% from CNY 620,207,671.41 in Q1 2024[18] - Cash outflow from operating activities increased to CNY 834,293,576.56 in Q1 2025, compared to CNY 626,720,782.02 in Q1 2024, marking an increase of about 33.1%[19] - The ending cash and cash equivalents balance for Q1 2025 was CNY 586,042,467.46, down from CNY 601,813,239.34 in Q1 2024, reflecting a decrease of about 2.5%[19] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 4,389,080,301.06, a slight increase of 0.94% from CNY 4,348,257,272.55 at the end of the previous year[5] - Total liabilities decreased to ¥1,615,313,242.07 from ¥1,754,677,424.67, indicating a reduction of 7.9%[13] - The company's equity attributable to shareholders increased to ¥2,494,898,477.61, up 7.2% from ¥2,327,380,949.06[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,285[9] - The top ten shareholders held a total of 16.2% of the shares, with the largest shareholder, Jiande State-owned Assets Management Co., holding 31,348,331 shares[9] - The company has a repurchase account holding 2,394,600 shares, representing 1.24% of the total share capital at the end of the reporting period[9] Expenses and Investments - Total operating costs for Q1 2025 were ¥673,391,787.95, up 4.0% from ¥647,423,473.87 in Q1 2024[15] - Research and development expenses for Q1 2025 were ¥26,668,272.22, slightly higher than ¥25,553,339.91 in Q1 2024, showing a growth of 4.4%[15] - The company reported a financial expense of ¥2,584,556.68, which is significantly higher than ¥984,197.28 in the previous year, indicating an increase of 162.5%[15] - Investment activities resulted in a net cash outflow of -CNY 103,632,595.35 in Q1 2025, compared to -CNY 76,776,687.30 in Q1 2024, indicating a higher investment expenditure[19] Future Outlook - The cash flow from operating activities remains strong, supporting ongoing investments and operational stability[16] - The company plans to expand its market presence and invest in new technologies to drive future growth[16] - The company did not report any net profit from subsidiaries prior to consolidation in the current and previous periods[17] - The company will not apply new accounting standards starting from 2025, as indicated in the announcement[20]