昊华能源(601101) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,536,386,897.59, representing a year-on-year increase of 5.13% compared to ¥2,412,701,599.30 in the same period last year[4] - Net profit attributable to shareholders decreased by 38.80% to ¥276,543,001.67 from ¥451,845,572.59 in the previous year[4] - Basic and diluted earnings per share decreased by 38.71% to ¥0.19 from ¥0.31 in the previous year[4] - Net profit for Q1 2025 was ¥360,107,991.88, a decrease of 44.4% from ¥647,257,944.06 in Q1 2024[19] - Operating profit for Q1 2025 was ¥456,087,675.13, down 41.5% from ¥780,675,513.73 in Q1 2024[19] Cash Flow - The net cash flow from operating activities fell by 46.15%, amounting to ¥703,649,965.19, down from ¥1,306,748,430.96 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was ¥703,649,965.19, a decline of 46.1% compared to ¥1,306,748,430.96 in Q1 2024[23] - The net cash flow from financing activities for Q1 2025 was ¥18,108,057.78, a significant improvement compared to a net outflow of ¥1,235,865,886.38 in Q1 2024[23] Assets and Liabilities - Total assets increased by 2.49% to ¥29,163,359,472.62 from ¥28,455,977,030.37 at the end of the previous year[4] - The company's total liabilities stood at RMB 13,626,200,944.28, up from RMB 13,432,798,776.86, marking an increase of about 1.44%[15] - The company's total current liabilities were RMB 4,523,689,431.31, showing a marginal decrease from RMB 4,531,140,781.12, a reduction of about 0.16%[15] - The company's total liabilities increased to CNY 1,239,209,121.61 as of March 31, 2025, compared to CNY 1,235,704,219.60 at the end of 2024[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,611[9] - The largest shareholder, Beijing Energy Group Co., Ltd., holds 63.31% of the shares, totaling 911,613,544 shares[9] Inventory and Receivables - The company's inventory decreased to RMB 186,961,758.00 from RMB 224,998,116.12, showing a decline of about 16.88%[13] - Accounts receivable rose significantly to RMB 186,682,775.56 from RMB 94,965,629.66, indicating an increase of approximately 96.59%[13] Costs and Expenses - Total operating costs rose significantly to ¥2,084,819,940.53 in Q1 2025, up 27.5% from ¥1,633,890,669.52 in Q1 2024[18] - The company incurred sales expenses of ¥32,115,530.35 in Q1 2025, a decrease of 18.5% from ¥39,407,304.09 in Q1 2024[19] - Management expenses decreased to CNY 39,684,149.22 in the first quarter of 2025 from CNY 45,427,968.73 in the first quarter of 2024[28] Non-Recurring Items - The company reported a non-recurring gain of ¥3,179,978.13, which includes a loss from non-current asset disposal of ¥4,967,877.74[7] Cash and Cash Equivalents - The company's cash and cash equivalents increased to RMB 4,718,959,772.06 from RMB 4,163,578,591.59, representing a growth of about 13.33%[13] - Cash and cash equivalents at the end of Q1 2025 totaled ¥4,405,997,714.46, down from ¥4,645,115,761.15 at the end of Q1 2024[23] Other Financial Metrics - The weighted average return on equity decreased by 1.66 percentage points to 2.28% from 3.94% in the previous year[4] - The total non-current assets amounted to RMB 23,570,306,252.79, a slight decrease from RMB 23,664,405,235.69, indicating a decline of approximately 0.40%[14] - The company's long-term borrowings increased to RMB 5,688,320,000.00 from RMB 5,553,320,000.00, reflecting an increase of about 2.39%[15] - The total equity of the company as of March 31, 2025, was CNY 9,537,865,975.21, a slight decrease from CNY 9,562,108,039.09 at the end of 2024[27] Accounting Standards - The company did not apply new accounting standards starting from 2025[32]