GCLSI(002506)2025-04-28 14:25Financial Performance - The company's operating revenue for Q1 2025 was ¥3,155,331,161.20, representing a 7.06% increase compared to ¥2,947,152,942.60 in the same period last year[4] - The net profit attributable to shareholders was -¥197,918,328.32, a significant decrease of 911.39% from ¥24,392,617.24 in the previous year[5] - Total operating revenue for the current period reached ¥3,155,331,161.20, an increase of 7.05% compared to ¥2,947,152,942.60 in the previous period[27] - Total operating costs amounted to ¥3,422,700,663.12, up from ¥3,024,887,132.27, reflecting a year-over-year increase of 13.2%[28] - Operating profit for the current period was reported at -¥191,278,169.13, a significant decline from the previous period's profit of ¥40,275,582.17[29] - Net profit for the current period was -¥197,875,662.98, compared to a net profit of ¥24,185,653.27 in the previous period, indicating a substantial loss[29] - The company reported a total comprehensive loss of -¥197,839,549.93, contrasting with a comprehensive income of ¥23,594,712.37 in the previous period[30] - Basic and diluted earnings per share for the current period were both -¥0.034, compared to ¥0.004 in the previous period[31] Cash Flow and Liquidity - The net cash flow from operating activities increased by 412.89% to ¥171,687,448.21, up from ¥33,474,733.26 year-on-year[11] - Operating cash inflow for the current period reached ¥4,562,429,539.56, an increase of 41.0% compared to ¥3,241,738,757.84 in the previous period[33] - Cash inflow from financing activities totaled ¥926,538,630.75, up from ¥752,534,755.72 in the previous period, indicating a growth of 23.1%[35] - Net cash flow from investing activities was ¥42,856,273.75, a recovery from a negative cash flow of -¥302,320,633.55 in the previous period[35] - The ending balance of cash and cash equivalents was ¥2,074,825,327.14, compared to ¥1,374,494,565.53 in the previous period, showing a significant increase[35] - Cash outflow for purchasing goods and services was ¥2,127,777,660.06, compared to ¥866,207,103.18 in the previous period, reflecting a substantial increase[34] - Cash outflow for other operating activities was ¥1,755,267,979.86, slightly down from ¥1,867,426,190.35 in the previous period[34] - The company received tax refunds amounting to ¥87,841,522.64, a decrease from ¥101,626,098.10 in the previous period[33] - The impact of exchange rate changes on cash and cash equivalents was ¥8,680,097.05, compared to ¥1,415,689.77 in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,220,189,387.55, showing a slight increase of 0.09% from ¥19,202,636,205.53 at the end of the previous year[5] - Current liabilities rose to ¥12,221,836,063.90, compared to ¥12,063,213,702.86 in the previous period, marking an increase of 1.31%[24] - Non-current liabilities totaled ¥4,862,016,406.77, up from ¥4,756,323,388.21, reflecting a growth of 2.22%[25] - The company's total equity decreased to ¥2,136,336,916.88 from ¥2,383,099,114.46, representing a decline of approximately 10.35%[25] - The company's equity attributable to shareholders decreased by 10.36% to ¥2,136,321,741.06 from ¥2,383,126,603.98 at the end of the previous year[5] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 215,379[13] - The controlling shareholder, GCL-Poly Energy Holdings Limited, holds 466,030,445 shares, with 100% of these shares pledged[19] - The top ten shareholders include Jiangsu GCL Construction Management Co., Ltd. and GCL-Poly Energy Holdings Limited, which are acting in concert[15] Investments and Future Plans - The company plans to invest RMB 800 million to establish a new company focused on battery management capacity expansion, ensuring supply chain stability[18] - The company intends to use up to RMB 30 million of idle raised funds for temporary working capital, with a repayment period not exceeding 12 months[17] - The company has returned all RMB 300 million raised for temporary working capital to the designated account[17] Accounting Policies - The company has made adjustments to its accounting policies in accordance with new guidelines issued by the Ministry of Finance, which do not affect the major financial data and indicators[5] Receivables and Inventory - Accounts receivable decreased from RMB 2,778,148,743.04 to RMB 2,175,993,539.84, indicating a reduction of approximately 21.7%[22] - Inventory increased significantly from RMB 1,293,185,171.19 to RMB 1,655,674,864.16, reflecting a growth of about 28.1%[22] Financing Activities - The company experienced a 567.68% increase in receivables financing compared to the beginning of the period, mainly due to the concentration of bank acceptance bills received at the end of the period[9] - The company reported a 236.78% increase in cash flow from financing activities, attributed to an expansion in financing scale and increased cash from borrowings[11]