Financial Performance - The company's operating revenue for Q1 2025 was ¥1,400,533,419.21, a decrease of 11.88% compared to ¥1,589,403,425.30 in the same period last year[2] - Net profit attributable to shareholders was ¥39,004,977.47, down 45.13% from ¥71,083,805.34 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥29,129,288.94, reflecting a decline of 53.17% compared to ¥62,199,732.06 in the previous year[2] - The basic and diluted earnings per share were both ¥0.08, a decrease of 42.86% from ¥0.14 in the same period last year[2] - Operating profit for Q1 2025 was ¥44,447,912.53, a decrease of 46.16% compared to ¥82,730,272.39 in Q1 2024[16] - Total operating costs for Q1 2025 were ¥1,378,499,255.68, down 9.69% from ¥1,526,025,828.59 in Q1 2024[15] Cash Flow - The net cash flow from operating activities was negative at -¥918,904,907.65, compared to -¥226,911,441.52 in the same period last year, primarily due to increased bank guarantee deposits[5] - Cash flow from operating activities for Q1 2025 was negative at -¥918,904,907.65, compared to -¥226,911,441.52 in Q1 2024[18] - Cash inflow from operating activities totaled ¥1,991,602,305.70 in Q1 2025, down from ¥2,147,702,926.10 in Q1 2024[18] - Cash outflow from operating activities increased to ¥2,910,507,213.35 in Q1 2025, compared to ¥2,374,614,367.62 in Q1 2024[18] - The company experienced a negative net increase in cash and cash equivalents of -$678.11 million during the period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,869,824,957.74, an increase of 1.42% from ¥7,759,261,204.30 at the end of the previous year[3] - The company's current assets totaled CNY 6,442,490,150.14, slightly down from CNY 6,477,268,674.73 at the end of 2024[11] - Total liabilities increased to CNY 5,315,528,680.87 from CNY 5,202,969,696.65, reflecting a rise in short-term borrowings[12] - Short-term borrowings rose to CNY 2,958,806,249.96 from CNY 2,648,761,588.86, indicating increased leverage[12] Shareholder Equity - The equity attributable to shareholders was ¥2,554,296,276.87, a slight decrease of 0.08% from ¥2,556,291,507.65 at the end of the previous year[3] - Total equity attributable to shareholders was ¥2,554,296,276.87, slightly down from ¥2,556,291,507.65[13] Non-Recurring Items - Non-recurring gains and losses totaled ¥9,875,688.53 after tax, with significant contributions from government subsidies and other non-operating income[5] - The company experienced a continuous decline in prices, leading to reduced gross profit margins, which significantly impacted net profit[5] Inventory and Receivables - Accounts receivable rose significantly to CNY 68,521,418.52 from CNY 41,608,399.98, indicating improved sales or collection efforts[10] - Inventory decreased to CNY 988,673,780.61 from CNY 1,040,246,124.07, suggesting potential inventory management improvements[10] Investment Activities - Net cash flow from investment activities was -$16.62 million, compared to a positive cash flow of $272.30 million in the previous period[19] - The cash flow from investment activities showed a significant outflow of $4.39 billion, primarily due to cash payments for investments totaling $4.36 billion[19] - The company reported cash inflow from investment activities of $4.37 billion, indicating substantial investment activity during the period[19] Financing Activities - Cash inflow from financing activities totaled $1.46 billion, while cash outflow was $1.21 billion, resulting in a net cash flow of $254.07 million[19] - Cash inflow from borrowing was $1.46 billion, with debt repayment amounting to $1.15 billion[19] - The cash flow from financing activities included dividend payments of $14.90 million[19] Accounting Standards - The company is set to implement new accounting standards starting in 2025, which may affect financial reporting[19]
华达新材(605158) - 2025 Q1 - 季度财报