龙星化工(002442) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,061,046,267.41, representing a 6.04% increase compared to ¥1,000,563,555.74 in the same period last year[5]. - Net profit attributable to shareholders was ¥28,581,215.33, up 5.10% from ¥27,195,142.76 year-on-year[5]. - Total operating revenue for the current period reached ¥1,061,046,267.41, an increase of 6.1% compared to ¥1,000,563,555.74 in the previous period[21]. - Total operating costs increased to ¥1,041,174,191.36, up 6.8% from ¥974,602,096.85 in the previous period[21]. - Net profit attributable to the parent company was ¥28,581,215.33, compared to ¥27,195,142.76 in the previous period, reflecting a growth of 5.1%[22]. - The company’s total comprehensive income for the current period was ¥28,571,242.81, compared to ¥27,198,482.84 in the previous period, showing an increase of 5.1%[23]. - Basic earnings per share improved to ¥0.0582 from ¥0.0558, indicating a positive trend in profitability[23]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 12.49%, reaching -¥115,922,668.73 compared to -¥132,470,901.79 in the previous year[5]. - The company reported a net cash inflow from operating activities of ¥845,982,677.13, significantly higher than ¥608,645,917.46 in the previous period, marking an increase of 39%[25]. - Net cash flow from operating activities was -$115.92 million, an improvement from -$132.47 million year-over-year[26]. - The ending balance of cash and cash equivalents was $265.90 million, compared to $586.84 million at the end of the previous year[26]. - Total cash outflow from operating activities reached $961.91 million, up from $741.12 million year-over-year[26]. Assets and Liabilities - Total assets increased by 5.04% to ¥4,633,668,210.52 from ¥4,411,272,021.09 at the end of the previous year[5]. - The company reported a total asset of RMB 4,633,668,210.52 as of March 31, 2025, an increase from RMB 4,411,272,021.09 at the beginning of the period, reflecting a growth of approximately 5.03%[17]. - Total liabilities increased to ¥2,762,288,252.55, up from ¥2,569,681,522.24, representing a growth of 7.5%[19]. - The total liabilities of the company increased, with current liabilities including accounts payable at RMB 310,941,472.14, down from RMB 349,725,073.55, a decrease of about 11.12%[18]. - The company’s non-current assets totaled RMB 1,789,157,453.47, up from RMB 1,766,657,876.64, indicating a growth of approximately 1.41%[18]. Investments and Acquisitions - Research and development expenses rose by 48.37%, indicating increased investment in innovation[9]. - The company completed the issuance of convertible bonds for 2024, with the fundraising project implemented as planned[14]. - The company acquired 100% equity of Zhongyang (Chongqing) Carbon Black Co., Ltd., with the relevant approval and registration completed during the reporting period[15]. - Cash paid for investments was $79.00 million, a decrease from $238.00 million year-over-year[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,989, with the largest shareholder holding 19.45% of the shares[11]. - Total equity attributable to shareholders of the parent company reached ¥1,870,785,036.39, an increase from ¥1,840,990,566.88, reflecting a growth of 1.6%[19]. - The company’s total equity position remains strong, supported by the increase in total assets and the strategic acquisition undertaken during the period[15]. Operational Efficiency - The company experienced a significant increase in cash received from sales, which rose by 39.85% due to improved collection of receivables[9]. - Short-term borrowings increased by 30.57%, reflecting a rise in short-term debt financing[9]. - The cash and cash equivalents at the end of the period decreased by 54.69%, primarily due to a reduction in bank deposits[9]. - Accounts receivable amounted to RMB 1,032,816,471.33, slightly down from RMB 1,043,065,975.33, indicating a decrease of approximately 1.06%[17]. - Inventory increased significantly to RMB 561,161,796.22 from RMB 473,904,033.34, marking a rise of around 18.43%[18].