胜华新材(603026) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,588,130,085.08, representing a 30.09% increase compared to ¥1,220,807,037.27 in the same period last year[4] - The net profit attributable to shareholders was -¥28,538,891.57, a decrease of 203.07% from ¥27,689,999.38 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥29,635,537.60, down 225.50% from ¥23,613,883.79 year-on-year[4] - The basic and diluted earnings per share were both -¥0.14, a decline of 200.00% compared to ¥0.14 in the same period last year[6] - The weighted average return on equity decreased by 1.45 percentage points to -0.74% from 0.71%[6] - The company reported a net loss in Q1 2025, with operating income of RMB 1,588,130,085.08 against total operating costs of RMB 1,641,425,140.32, leading to a negative operating margin[19] - The company's net profit for Q1 2025 was -54,300,200.09 RMB, compared to a net profit of 6,348,989.01 RMB in Q1 2024, indicating a significant decline[20] - Operating profit for Q1 2025 was -53,572,083.07 RMB, a decrease from an operating profit of 3,343,317.01 RMB in Q1 2024[20] - The basic and diluted earnings per share for Q1 2025 were both -0.14 RMB, compared to 0.14 RMB in Q1 2024[21] Revenue and Costs - Total revenue for Q1 2025 reached RMB 1,588,130,085.08, an increase of 30.1% compared to RMB 1,220,807,037.27 in Q1 2024[19] - Total operating costs for Q1 2025 were RMB 1,641,425,140.32, up from RMB 1,234,804,700.20 in Q1 2024, reflecting a year-over-year increase of 32.8%[19] - The company reported a total revenue from sales of goods and services of 1,665,255,772.30 RMB in Q1 2025, compared to 939,519,447.23 RMB in Q1 2024, representing an increase of approximately 77.4%[24] Cash Flow and Assets - The net cash flow from operating activities was ¥41,834,708.30, a significant recovery from -¥257,958,417.26 in the same period last year[4] - Cash and cash equivalents as of March 31, 2025, amounted to RMB 932,195,950.21, significantly higher than RMB 304,142,680.35 at the end of 2024, representing an increase of 205.5%[15] - Total cash and cash equivalents at the end of Q1 2025 amounted to 582,434,940.69 RMB, down from 1,314,267,003.70 RMB at the end of Q1 2024[26] - The net cash flow from financing activities was 23,752,913.88 RMB in Q1 2025, a decrease from 1,126,280,285.78 RMB in Q1 2024[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,220,202,157.01, an increase of 5.92% from ¥9,649,137,408.31 at the end of the previous year[6] - Accounts receivable increased to RMB 1,634,964,111.22 as of March 31, 2025, compared to RMB 1,388,882,060.54 at the end of 2024, indicating a growth of 17.7%[15] - Total liabilities increased to RMB 5,943,100,300.15 as of March 31, 2025, from RMB 5,325,230,686.52 at the end of 2024, reflecting a rise of 11.6%[17] - The company's equity attributable to shareholders was RMB 3,877,664,729.63 as of March 31, 2025, slightly down from RMB 3,896,070,975.88 at the end of 2024, a decrease of 0.5%[17] - Inventory as of March 31, 2025, was RMB 637,018,833.31, compared to RMB 603,429,720.91 at the end of 2024, showing an increase of 5.6%[15] Investment and Expenses - The company faced increased market investment, financial costs, and R&D expenditures, leading to reduced operating profit[8] - Research and development expenses increased to 69,375,918.90 RMB in Q1 2025 from 49,395,400.72 RMB in Q1 2024, reflecting a growth of approximately 40.5%[20] - Financial expenses surged to 16,173,218.02 RMB in Q1 2025, compared to 2,304,678.36 RMB in Q1 2024, marking an increase of over 600%[20] - The company incurred investment losses of -15,977,986.42 RMB in Q1 2025, compared to a loss of -1,585,471.20 RMB in Q1 2024[20] Future Outlook - The increase in operating revenue was primarily driven by increased sales volume[8] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[18] - Non-recurring gains and losses totaled ¥1,096,646.03, with government subsidies contributing ¥1,392,296.21[7]