平煤股份(601666) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter was CNY 5,400,175,246.55, a decrease of 34.69% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 176,434,410.67, down 79.50% year-on-year[4] - The basic earnings per share decreased by 80.58% to CNY 0.0613, while diluted earnings per share fell by 79.72% to CNY 0.0613[5] - Total operating revenue for Q1 2025 was CNY 5,400,175,246.55, a decrease of 34.5% compared to CNY 8,268,256,866.63 in Q1 2024[21] - Net profit for Q1 2025 was CNY 140,200,315.38, a decline of 82.4% compared to CNY 796,843,498.61 in Q1 2024[22] - Earnings per share for Q1 2025 were CNY 0.0613, down from CNY 0.3157 in Q1 2024[23] - The company reported a total comprehensive income of ¥241,865,043.28 for Q1 2025, reflecting a significant decline from ¥735,102,707.85 in Q1 2024[36] Cash Flow and Liquidity - Cash flow from operating activities was CNY 474,600,131.80, representing an 83.24% decline compared to the previous year[4] - In Q1 2025, the net cash flow from operating activities was ¥474,600,131.80, a significant decrease of 83.3% compared to ¥2,831,923,490.23 in Q1 2024[25] - Total cash inflow from operating activities in Q1 2025 was ¥6,324,292,021.03, down 34.5% from ¥9,696,292,188.17 in Q1 2024[26] - The total cash outflow from operating activities in Q1 2025 was ¥5,849,691,889.23, a decrease of 14.8% compared to ¥6,864,368,697.94 in Q1 2024[26] - The net cash flow from investing activities was -¥3,152,863,117.53 in Q1 2025, worsening from -¥2,306,887,403.53 in Q1 2024[27] - Cash and cash equivalents at the end of Q1 2025 stood at ¥3,787,120,616.90, down from ¥10,630,993,195.43 at the end of Q1 2024[27] - The company's cash and cash equivalents increased to ¥12,267,486,915.99 from ¥9,313,435,317.67, representing a growth of approximately 31.5%[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 82,464,900,372.28, an increase of 7.57% from the end of the previous year[5] - Total liabilities increased to CNY 52,233,679,594.25 in 2025 from CNY 47,374,046,974.11 in 2024, indicating a rise in financial obligations[18] - Total equity rose to CNY 30,231,220,778.03 in 2025, compared to CNY 29,289,822,833.67 in 2024, showing a slight improvement in shareholder value[18] - The company's total assets increased to CNY 82,464,900,372.28 in 2025 from CNY 76,663,869,807.78 in 2024, reflecting growth in the asset base[18] - The total liabilities as of the reporting date were ¥48,646,954,397.31, an increase of 5.2% from ¥46,239,035,272.75 in the previous period[34] Operational Efficiency - The company experienced a 83.24% decrease in net cash flow from operating activities, primarily due to falling coal prices[9] - The weighted average return on net assets dropped by 79.20% as a result of the decline in net profit[9] - The company reported a significant reduction in management expenses, which fell to CNY 152,933,852.15 in Q1 2025 from CNY 355,681,266.45 in Q1 2024[22] - The company’s financial expenses decreased to CNY 287,641,154.25 in Q1 2025, down from CNY 391,495,494.38 in Q1 2024, indicating improved cost management[22] Investments and Growth Strategies - The company plans to continue its market expansion and product development strategies in response to current market conditions[4] - The company plans to expand its market presence through strategic acquisitions and partnerships in the coal industry[13] - The company successfully acquired 60% of the equity in Wusu Sike Tree Coal Co., Ltd., with the transaction completed and included in the consolidated financial statements starting January 1, 2025[13] - Research and development expenses increased to CNY 71,574,737.62 in Q1 2025, up from CNY 43,537,005.18 in Q1 2024, reflecting a focus on innovation[22] - The company incurred research and development expenses of ¥53,601,126.53 in Q1 2025, which is a 92.5% increase from ¥27,926,446.09 in Q1 2024[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 77,596[11] - China Pingmei Shenma Group Co., Ltd. holds 1,100,034,147 shares, accounting for 44.44% of total shares, with 640,000,000 shares pledged[11]