河化股份(000953) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥40,833,053.71, a decrease of 34.05% compared to ¥61,917,759.50 in the same period last year[5] - Net profit attributable to shareholders was ¥1,362,028.66, representing a significant increase of 217.42% from a loss of ¥1,159,982.77 in the previous year[5] - The net cash flow from operating activities improved to ¥10,010,175.38, a 280.18% increase from a negative cash flow of ¥5,555,649.62 in the same period last year[5] - Total operating revenue decreased to ¥40,833,053.71 from ¥61,917,759.50, representing a decline of approximately 34% year-over-year[17] - Total operating costs decreased to ¥40,041,863.24 from ¥62,984,104.32, a reduction of about 36% year-over-year[17] - Net profit for the period was ¥1,495,535.63, compared to a net loss of ¥1,131,334.63 in the previous period, indicating a significant turnaround[18] - Basic and diluted earnings per share improved to ¥0.0037 from a loss of ¥0.0032 in the previous period[18] Asset and Liability Management - Total assets decreased by 15.94% to ¥279,865,831.40 from ¥332,938,240.48 at the end of the previous year[5] - Total current assets decreased from 164,072,532.66 CNY to 115,674,355.34 CNY, a reduction of approximately 29.3%[14] - Total non-current assets decreased from 168,865,707.82 CNY to 164,191,476.06 CNY, a reduction of about 2.0%[15] - Total current liabilities decreased from 160,992,104.18 CNY to 106,189,066.98 CNY, a reduction of about 34.1%[15] - Total liabilities decreased from 171,077,366.48 CNY to 116,070,780.48 CNY, a decline of approximately 32.3%[16] - The total equity attributable to the parent company increased from 145,039,259.79 CNY to 146,811,008.34 CNY, an increase of about 1.2%[16] - The company reported a negative retained earnings of -737,897,290.91 CNY, slightly improved from -739,259,319.57 CNY[16] Operational Efficiency - The company reduced financial expenses by 89.38% to ¥84,989.75, mainly due to the repayment of loans from controlling shareholders[10] - The company reported a significant reduction in financial expenses, down to ¥84,989.75 from ¥800,214.51, indicating improved financial management[17] - Research and development expenses were ¥1,404,497.77, slightly down from ¥1,509,730.86, reflecting a focus on cost management[17] Changes in Receivables and Liabilities - The company reported a 1479.42% increase in notes receivable, reaching ¥2,953,425.26, primarily due to the receipt of bank acceptance bills from customers[10] - The company reported a significant increase in contract liabilities by 104.63% to ¥10,435,326.69, reflecting an increase in prepayments for urea processing services[10] - The company has a total of 10,435,326.69 CNY in contract liabilities, which increased from 5,099,508.56 CNY, representing a growth of approximately 104.3%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 45,450[12] - The largest shareholder, Ningbo Yinyi Holdings Co., Ltd., holds 23.76% of shares, totaling 87,000,000 shares, which are pledged[12] Cash Flow and Investment Activities - Cash and cash equivalents at the end of the period decreased to ¥38,913,016.20 from ¥54,233,226.00, a decline of approximately 28%[20] - The company did not report any cash inflows from investment activities, maintaining a focus on operational cash flow[20] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[21]