BAOTI(600456)2025-04-28 10:10Financial Performance - The company's operating revenue for Q1 2025 was ¥1,455,052,561.91, a decrease of 20.34% compared to ¥1,826,615,752.82 in the same period last year[5] - Net profit attributable to shareholders was ¥81,157,205.23, down 49.00% from ¥159,136,852.24 year-on-year[5] - Basic and diluted earnings per share were both ¥0.1699, reflecting a decline of 48.99% from ¥0.3331 in the same period last year[6] - The net profit for Q1 2025 was ¥97,075,420.37, a decrease of 42.7% compared to ¥169,539,666.70 in Q1 2024[20] - The total comprehensive income attributable to the parent company for Q1 2025 was ¥81,652,168.44, down from ¥159,136,852.24 in Q1 2024[20] Cash Flow and Assets - The net cash flow from operating activities decreased by 71.86%, amounting to ¥30,767,715.25 compared to ¥109,328,808.72 in the previous year[5] - Cash and cash equivalents decreased to CNY 876,305,228.53 from CNY 941,374,426.73 at the end of 2024[15] - The operating cash flow for Q1 2025 was ¥30,767,715.25, down 71.9% from ¥109,328,808.72 in Q1 2024[22] - Cash and cash equivalents at the end of Q1 2025 stood at ¥868,305,228.53, a decrease from ¥887,720,998.51 at the end of Q1 2024[23] - The company incurred a net cash outflow of ¥62,283,684.04 from investing activities in Q1 2025, compared to a net outflow of ¥91,791,617.97 in Q1 2024[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,869[10] - The largest shareholder, BaoTi Group Co., Ltd., holds 47.77% of the shares, totaling 228,227,298 shares[10] Production and Sales - Titanium product production decreased by 20.42% year-over-year, while sales decreased by 25.55%[13] - Other metal products saw a production increase of 52.69% and sales increase of 36.07% year-over-year[13] - Total revenue from sales in Q1 2025 was ¥598,801,417.11, a decline of 10.5% compared to ¥669,014,695.01 in Q1 2024[22] Equity and Assets - Total assets at the end of the reporting period were ¥13,559,736,723.24, an increase of 1.56% from ¥13,351,385,263.70 at the end of the previous year[6] - The equity attributable to shareholders increased by 1.21%, reaching ¥7,038,794,934.89 compared to ¥6,954,846,347.08 at the end of the previous year[6] - As of March 31, 2025, total current assets amounted to CNY 9,398,619,015.53, an increase from CNY 9,133,552,622.19 at the end of 2024[15] - The company's total assets reached CNY 13,559,736,723.24, up from CNY 13,351,385,263.70 at the end of 2024[18] Operating Costs and Profit - Total operating costs for Q1 2025 were CNY 1,316,645,906.89, down from CNY 1,633,469,899.01 in Q1 2024[19] - Operating profit for Q1 2025 was CNY 118,327,738.57, compared to CNY 207,584,808.17 in Q1 2024[19] Financing Activities - The company raised ¥190,000,000.00 from borrowings in Q1 2025, significantly higher than ¥50,000,000.00 in Q1 2024[23] - The company’s total cash outflow from financing activities in Q1 2025 was ¥257,758,561.60, compared to ¥64,448,203.58 in Q1 2024[23] Non-Operating Income - The company recognized non-operating income of ¥10,027,025.51, primarily from government subsidies and other non-recurring gains[7] Future Plans - The company plans to issue convertible bonds to unspecified investors, as approved in the board meeting on March 31, 2025[13]