四方新材(605122) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 247,510,975.42, a decrease of 23.69% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 15,400,374.91, reflecting a decline of 105.58% year-on-year[4]. - Basic and diluted earnings per share both dropped to CNY -0.00, a 100% decrease compared to CNY 0.09 in the previous year[4]. - The net profit attributable to the parent company for Q1 2025 was a loss of CNY 858,900, a decline of 105.58% year-on-year[11]. - The net profit for Q1 2025 was CNY 1,488,154.53, a significant decrease from CNY 13,921,763.93 in Q1 2024, representing a decline of approximately 89.3%[21]. - Operating profit for Q1 2025 was CNY 1,166,053.44, down from CNY 17,230,867.20 in Q1 2024, indicating a decrease of about 93.2%[21]. - Total revenue from sales in Q1 2025 was CNY 351,459,612.05, compared to CNY 397,697,884.16 in Q1 2024, reflecting a decline of approximately 11.6%[24]. - The total comprehensive income for Q1 2025 was CNY 1,488,154.53, down from CNY 13,921,763.93 in Q1 2024, reflecting a decrease of approximately 89.3%[22]. - The net profit for Q1 2025 was CNY 2,284,640.66, down from CNY 24,378,148.90 in Q1 2024, representing a decline of 90.6%[30]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 298.44% to CNY 103,429,158.39, primarily due to a reduction in cash paid for goods and services[4]. - The net cash flow from operating activities for Q1 2025 was CNY 103,429,158.39, an increase from CNY 25,958,680.90 in Q1 2024, showing a growth of about 297.5%[25]. - Cash flow from operating activities for Q1 2025 was CNY 83,866,255.24, compared to CNY 66,293,316.49 in Q1 2024, indicating an increase of 26.5%[32]. - The company reported a significant increase in cash and cash equivalents, ending Q1 2025 with CNY 292,506,154.23, compared to CNY 415,177,805.47 at the end of Q1 2024[25]. - The company's cash and cash equivalents increased to CNY 293,447,180.34 from CNY 222,077,447.07, marking a growth of 32.2%[28]. - Cash and cash equivalents at the end of the period amounted to $277,392,878.28, down from $401,773,288.20 year-over-year[33]. - The net increase in cash and cash equivalents was $72,058,565.72, compared to $54,777,962.89 previously[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,751,395,824.24, down 5.24% from the end of the previous year[5]. - The total assets as of March 31, 2025, amounted to CNY 3,472,245,586.05, an increase from CNY 3,442,082,441.39 at the end of 2024[28]. - The total liabilities as of March 31, 2025, were CNY 1.71 billion, a decrease from CNY 1.91 billion at the end of 2024[18]. - The total liabilities increased to CNY 1,328,472,505.73 from CNY 1,299,304,150.46, reflecting a rise of 2.1%[28]. - The equity attributable to shareholders decreased slightly by 0.09% to CNY 2,043,985,213.54[5]. - The total equity as of March 31, 2025, was CNY 2,143,773,080.32, a marginal increase from CNY 2,142,778,290.93 at the end of 2024[29]. Production and Sales - In Q1 2025, the company produced 780,600 cubic meters of ready-mixed concrete, a year-on-year decrease of 15.03%[11]. - The average price of ready-mixed concrete (C30 specification) in Chongqing was CNY 310.00 per cubic meter, a decrease of CNY 21.67 per cubic meter year-on-year[12]. - The average price of 42.5-grade cement was CNY 425.00 per ton, down CNY 10.00 per ton year-on-year[12]. - The output of prefabricated concrete components was 5,900 cubic meters, an increase of 3.97% year-on-year[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,615[9]. - The largest shareholder, Li Dezhi, holds 60.31% of the shares, totaling 103,939,100 shares[9]. Expenses - Research and development expenses decreased to CNY 1,350,131.05 in Q1 2025 from CNY 2,848,241.15 in Q1 2024, a reduction of approximately 52.7%[21]. - Financial expenses decreased to CNY 8,175,779.62 in Q1 2025 from CNY 11,581,837.53 in Q1 2024, a decline of about 29.0%[21]. - Research and development expenses for Q1 2025 were CNY 773,141.26, a slight increase from CNY 733,215.44 in Q1 2024[30]. - The company's financial expenses for Q1 2025 were CNY 6,522,600.33, down from CNY 7,871,797.51 in Q1 2024, showing a decrease of 17.1%[30]. Non-Recurring Items - Non-recurring gains and losses included CNY 13,186,914.75 from the disposal of non-current assets and CNY 4,338,711.27 from debt restructuring[6]. - The company incurred a credit impairment loss of CNY 1,398,260.90 in Q1 2025, compared to CNY 10,275,362.85 in Q1 2024, indicating a reduction of about 86.4%[21].