qscc(SH:600425)2025-04-29 07:45Financial Performance - The company's operating revenue for Q1 2025 was ¥437,740,645.51, a decrease of 10.93% compared to ¥491,447,052.38 in the same period last year[4] - The net profit attributable to shareholders was -¥55,531,028.98, representing a decline of 296.23% from -¥14,014,999.14 year-over-year[4] - The basic earnings per share (EPS) was -¥0.035, down 288.89% from -¥0.009 in the previous year[5] - Net profit for Q1 2025 was a loss of CNY 52,612,938.20, compared to a loss of CNY 19,907,954.44 in Q1 2024, indicating a significant increase in losses[17] - Total operating revenue for Q1 2025 was CNY 437,740,645.51, a decrease of 10.9% compared to CNY 491,447,052.38 in Q1 2024[16] - Total operating costs for Q1 2025 were CNY 499,541,246.35, slightly down from CNY 504,282,600.44 in Q1 2024[16] Cash Flow and Liquidity - The cash flow from operating activities improved by 48.19%, amounting to -¥21,960,827.71 compared to -¥42,390,129.15 in the same period last year[4] - Cash received from sales of goods and services in Q1 2025 was CNY 471,762,465.42, down from CNY 575,786,870.56 in Q1 2024[21] - The net cash flow from financing activities was 14,607,048.97, a decrease from 59,133,402.82 in the previous period, indicating a significant decline of approximately 75.3%[22] - The total cash and cash equivalents at the end of the period amounted to 1,187,061,682.16, down from 1,502,558,725.80, reflecting a decrease of about 21%[22] - The cash and cash equivalents net increase was -71,903,553.43, compared to -96,934,232.98 in the previous period, showing an improvement in cash flow dynamics[22] - The cash outflow from financing activities totaled 185,392,951.03, compared to 200,106,597.18 previously, indicating a reduction of approximately 7.4%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,376,466,240.17, a decrease of 1.69% from ¥9,537,614,783.48 at the end of the previous year[5] - The company's current assets decreased to CNY 3,032,655,709.15 from CNY 3,171,856,094.72, reflecting a reduction of about 4.39%[12] - Inventory increased significantly to CNY 854,063,107.26, up from CNY 642,553,982.06, marking an increase of approximately 32.88%[12] - The total liabilities decreased to CNY 2,754,599,492.86 from CNY 2,851,392,266.80, indicating a reduction of about 3.39%[13] - The company's short-term borrowings slightly decreased to CNY 493,018,037.18 from CNY 495,153,338.71, a change of approximately 0.43%[13] - The total equity remained stable at CNY 6,621,866,747.31, with no change reported from the previous period[13] Shareholder Information - The top shareholder, Xinjiang Zhongxin Energy Mining Co., Ltd., holds 22.49% of the shares, totaling 360,922,546 shares[9] - The company has no significant changes in the top ten shareholders or their relationships, maintaining a stable ownership structure[11] Research and Development - Research and development expenses increased to CNY 11,795,270.72 in Q1 2025, up from CNY 4,700,516.72 in Q1 2024, reflecting a focus on innovation[17] Strategic Developments - The company has not reported any new product developments or market expansion strategies in this quarter[8] - There were no significant new strategies or product developments mentioned during the reporting period[11] - The company will implement new accounting standards starting from 2025, which may affect the financial statements[22] Non-Recurring Items - Non-recurring gains and losses amounted to ¥3,150,235.73, primarily from government subsidies and other non-operating income[7] Return on Equity - The weighted average return on equity (ROE) was -0.873%, a decrease of 0.648 percentage points compared to -0.225% last year[5]