华昌化工(002274) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥1,771,499,531.47, a decrease of 10.36% compared to ¥1,976,257,608.35 in the same period last year[5] - Net profit attributable to shareholders was ¥28,550,858.13, down 88.23% from ¥242,515,475.25 year-on-year[5] - Operating profit decreased significantly to ¥32,439,284.20 from ¥315,028,822.13, a decline of approximately 89.7% year-over-year[20] - Net profit for the period was ¥26,905,522.77, down from ¥239,520,792.44, indicating a significant decline of approximately 88.8% year-over-year[20] - Earnings per share (EPS) decreased to ¥0.0300 from ¥0.2546, a decline of about 88.2% year-over-year[21] - Total operating revenue decreased to ¥1,771,499,531.47 from ¥1,976,257,608.35, representing a decline of approximately 10.4% year-over-year[20] - Total operating costs increased to ¥1,767,117,588.12 from ¥1,683,549,325.97, reflecting an increase of about 5.0% year-over-year[20] - Investment income decreased to ¥11,228,930.91 from ¥22,355,348.10, reflecting a decline of about 49.8% year-over-year[20] - Research and development expenses decreased to ¥21,556,783.63 from ¥26,354,306.46, a reduction of approximately 18.1% year-over-year[20] - Other income increased to ¥4,416,926.23 from ¥2,049,471.55, an increase of about 115.5% year-over-year[20] Cash Flow - The net cash flow from operating activities increased significantly by 437.55%, reaching ¥143,679,133.47 compared to ¥26,728,665.36 in the previous year[5] - Operating cash flow for the current period was ¥143,679,133.47, a significant increase from ¥26,728,665.36 in the previous period, representing a growth of approximately 437%[23] - Total cash inflow from operating activities was ¥1,409,773,145.09, compared to ¥1,299,754,169.33 in the previous period, indicating an increase of about 8.5%[23] - Cash outflow from operating activities decreased slightly to ¥1,266,094,011.62 from ¥1,273,025,503.97, resulting in a net cash flow from operating activities of ¥143,679,133.47[23] - Investment activities resulted in a net cash outflow of ¥447,318,172.21, a decline from a net inflow of ¥128,985,842.42 in the previous period[23] - Cash inflow from investment activities totaled ¥132,894,950.16, down from ¥247,932,197.44, reflecting a decrease of approximately 46.4%[23] - Cash outflow for capital expenditures increased significantly to ¥484,878,388.14 from ¥84,996,115.93, indicating a rise of about 471%[23] - Financing activities generated a net cash outflow of ¥4,836,987.91, an improvement from a net outflow of ¥97,727,720.84 in the previous period[24] - The ending cash and cash equivalents balance was ¥484,366,482.46, down from ¥898,078,246.58, representing a decrease of approximately 46%[24] - The company received ¥49,687,073.80 in cash from borrowings, an increase from ¥42,900,000.00 in the previous period[24] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,954,118,178.10, reflecting a 2.05% increase from ¥7,793,983,200.30 at the end of the previous year[5] - Total liabilities increased to ¥2,145,785,561.98 from ¥2,012,556,106.95, marking an increase of approximately 6.6% year-over-year[19] - Total equity rose to ¥5,808,332,616.12 from ¥5,781,427,093.35, a slight increase of about 0.5% year-over-year[19] - The total current assets decreased from 2,831,030,355.43 yuan to 2,539,575,857.75 yuan, a decline of approximately 10.3%[18] - The total non-current assets increased from 4,962,952,844.87 yuan to 5,414,542,320.35 yuan, an increase of approximately 9.1%[18] - The balance of accounts receivable decreased by 15.39% to ¥131,284,500 compared to the beginning of the period[9] - The balance of construction in progress increased by 62.56% to ¥1,475,453,000 due to increased investment in ongoing projects and advanced technology introduction[9] - The balance of contract liabilities increased by 31.22% to ¥400,556,500, indicating an increase in unrecognized sales from advance payments[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 53,344[15] - The largest shareholder, Suzhou Warner Investment Co., Ltd., holds 28.88% of shares, totaling 275,059,519 shares[15] - The second-largest shareholder, Jiangsu Huachang (Group) Co., Ltd., holds 11.99% of shares, totaling 114,209,198 shares, with 13,915,516 shares frozen[15] - The top ten shareholders do not have any associated relationships or agreements that would constitute them as acting in concert[15] Market Conditions - The company reported a significant decline in the prices of its main products, particularly in the soda ash and nitrogen fertilizer sectors, impacting overall performance[11] - The company's operating performance has significantly declined compared to the same period last year, primarily due to a substantial drop in product prices within the industry[17] - The company plans to conduct annual periodic maintenance in May and prepare for subsequent project production[17] - The company will closely monitor market dynamics and actively implement response measures to address the fluctuating industry conditions[17]