江盐集团(601065) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 572,893,126.74, a decrease of 17.34% compared to CNY 693,076,141.24 in the same period last year[4] - Net profit attributable to shareholders was CNY 74,701,507.51, down 46.68% from CNY 140,110,719.77 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 71,408,361.91, reflecting a 48.56% decline compared to CNY 138,825,501.07 in the previous year[4] - Basic earnings per share decreased by 45.45% to CNY 0.12 from CNY 0.22 in the same period last year[5] - The weighted average return on equity was 1.69%, down 1.66 percentage points from 3.35% year-on-year[5] - Total operating revenue for Q1 2025 was CNY 572,893,126.74, a decrease of 17.4% compared to CNY 693,076,141.24 in Q1 2024[19] - Net profit for Q1 2025 was CNY 77,879,644.98, a decline of 46.7% from CNY 145,971,990.27 in Q1 2024[20] - Earnings per share for Q1 2025 was CNY 0.12, compared to CNY 0.22 in Q1 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,691,213,008.84, a slight increase of 0.53% from CNY 5,661,109,537.18 at the end of the previous year[5] - Current assets totaled CNY 1,853,977,201.99, slightly decreasing from CNY 1,855,354,927.73 in the previous period[15] - Total liabilities decreased to CNY 1,167,542,909.03 in Q1 2025 from CNY 1,218,388,483.43 in Q1 2024[18] - The company reported a decrease in accounts payable to CNY 522,746,129.17 from CNY 547,106,953.50 year-over-year[18] - The company’s deferred tax liabilities were CNY 33,677,009.86, slightly down from CNY 34,314,969.38 in the previous year[18] Cash Flow - Cash inflow from operating activities in Q1 2025 totaled CNY 594,037,596.40, down from CNY 658,038,970.21 in Q1 2024[24] - The net cash flow from operating activities was $71,690,700.15, a decrease of 15.8% compared to $85,224,942.17 in the previous period[25] - Total cash outflow from operating activities amounted to $522,346,896.25, down from $572,814,028.04, reflecting a reduction of 8.8%[25] - The net cash flow from investing activities was -$83,611,443.67, compared to -$143,589,908.02, indicating an improvement of 41.8%[25] - Cash outflow from financing activities was $151,833,622.09, with debt repayment accounting for $150,000,000.00[26] - The net cash flow from financing activities was -$151,833,622.09, reflecting a significant cash outflow[26] - The ending balance of cash and cash equivalents was $1,261,008,562.51, down from $1,468,598,651.34, representing a decrease of 14.1%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,751[10] - The company holds a 37.51% equity stake collectively with Jiangxi Agricultural Development Group Co., Ltd., both controlled by the Jiangxi Provincial State-owned Assets Supervision and Administration Commission[12] - The company reported no changes in the participation of major shareholders in margin trading and securities lending activities[12] Operational Insights - The significant decline in net profit was primarily due to a substantial decrease in the sales prices of the company's main products[8] - There were no significant changes in the operational status of the company during the reporting period[12] Research and Development - Research and development expenses for Q1 2025 were CNY 20,308,409.87, slightly up from CNY 19,947,082.77 in Q1 2024[19] Accounting Standards - The company will not apply new accounting standards starting from 2025, as indicated in the announcement[26]