景兴纸业(002067) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥1,189,302,584.84, a decrease of 6.01% compared to ¥1,265,318,360.73 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥23,422,336.29, representing a decline of 208.42% from a profit of ¥21,604,006.71 in the previous year[4] - Basic and diluted earnings per share both dropped to -¥0.02, a decrease of 200.00% from ¥0.02 in the previous year[4] - Net profit for the current period was a loss of ¥21,639,882.48, compared to a profit of ¥20,627,894.25 in the previous period, indicating a significant decline[19] - The company reported a comprehensive income total of -¥19,106,984.63, down from ¥24,124,281.54 in the previous period[20] Cash Flow - The net cash flow from operating activities was negative at ¥296,990,808.25, worsening by 136.14% compared to a loss of ¥125,767,356.47 in the same period last year[4] - Cash flow from operating activities showed a net outflow of -¥296,990,808.25, compared to -¥125,767,356.47 in the previous period, indicating worsening cash flow conditions[21] - The net cash flow from investment activities was -366,020,387.61, compared to -41,626,452.71 in the previous period, indicating a significant increase in cash outflows[22] - The net cash flow from financing activities was 105,512,510.11, a decrease from 154,377,408.22 in the previous period, suggesting a reduction in net financing[22] - The cash and cash equivalents at the end of the period were 882,212,917.68, down from 1,201,758,997.76 in the previous period, indicating a decline in liquidity[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,680,984,263.11, down 0.94% from ¥8,763,738,709.20 at the end of the previous year[4] - Total current assets decreased from 3,772,226,498.31 CNY to 3,507,595,027.89 CNY, a reduction of approximately 7%[14] - Total current liabilities decreased from 1,907,566,018.73 CNY to 1,777,613,454.64 CNY, a reduction of about 6.8%[15] - The total liabilities decreased slightly to ¥2,843,178,813.78 from ¥2,920,757,077.58, a reduction of about 2.6%[16] - The total equity attributable to shareholders decreased to ¥5,820,625,051.77 from ¥5,827,583,687.87, a minor decline of approximately 0.1%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 97,585[12] - The largest shareholder, Zhu Zailong, holds 14.17% of shares, totaling 178,200,000 shares[12] - The company has not reported any significant changes in shareholder relationships or actions among the top shareholders[12] Investment and Expenses - The company's investment income decreased by 12.38 times year-on-year, mainly due to changes in the value of derivative financial assets[10] - Research and development expenses increased to ¥41,663,517.86 from ¥33,020,903.97, representing a growth of approximately 26.3%[18] - The company reported a 66.25% increase in income tax expenses compared to the previous year, attributed to changes in deferred tax expenses[10] - The cash outflow for the acquisition of fixed assets and intangible assets was 254,917,788.83, significantly higher than 39,961,521.78 in the previous period, reflecting increased capital expenditures[22] Inventory and Cash Management - The company's cash and cash equivalents decreased by 38.17% compared to the beginning of the period, primarily due to payments for equipment and production materials[9] - Cash and cash equivalents decreased from 1,458,056,371.08 CNY to 901,550,986.46 CNY, a decline of about 38%[14] - Inventory increased from 1,204,152,428.28 CNY to 1,439,178,046.71 CNY, an increase of approximately 19.5%[14] - The cash inflow from the issuance of shares was 1,050,000.00, indicating new investments from minority shareholders[22]