GZWRC(SH:600992)2025-04-29 08:23Financial Performance - The company's operating revenue for Q1 2025 was CNY 417,654,980.98, a decrease of 11.63% compared to CNY 472,600,188.73 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 21,734,048.72, representing a decline of 404.42% from a profit of CNY 7,139,494.21 in the previous year[5] - The basic and diluted earnings per share were both CNY -0.0887, a decrease of 404.81% compared to CNY 0.0291 in the same period last year[5] - The company reported a significant decline in demand due to market conditions and relocation factors, impacting profitability[5] - The net profit for Q1 2025 was a loss of CNY 21,734,048.72, compared to a profit of CNY 7,139,494.21 in Q1 2024[16] - The basic earnings per share for Q1 2025 was CNY -0.0887, compared to CNY 0.0291 in Q1 2024[16] Assets and Liabilities - Total assets increased by 10.81% to CNY 3,649,815,843.11 from CNY 3,293,646,769.27 at the end of the previous year[6] - The total assets increased to CNY 3,649,815,843.11 in Q1 2025 from CNY 3,293,646,769.27 in Q1 2024, reflecting a growth of 10.8%[14] - The total liabilities rose to CNY 2,217,516,831.91 in Q1 2025, up from CNY 1,839,243,313.31 in Q1 2024, indicating an increase of 20.6%[14] - The total equity decreased to CNY 1,432,299,011.20 in Q1 2025 from CNY 1,454,403,455.96 in Q1 2024, a decline of 1.5%[14] Cash Flow - The net cash flow from operating activities was a negative CNY 4,029,053.60, an improvement from a negative CNY 35,221,024.31 in the previous year[5] - The cash flow from operating activities for Q1 2025 was a net outflow of CNY 4,029,053.60, an improvement from a net outflow of CNY 35,221,024.31 in Q1 2024[20] - The net cash flow from investing activities was -$43.6 million, indicating a significant outflow compared to the previous period's outflow of -$80.6 million[21] - Cash inflow from financing activities amounted to $491.2 million, a substantial increase from $210.4 million in the prior period[21] - The net cash flow from financing activities was $330.4 million, compared to $107.3 million in the previous period, reflecting improved financing conditions[21] - The total cash and cash equivalents at the end of the period reached $453.3 million, up from $386.4 million at the end of the previous period[21] - The company reported a net increase in cash and cash equivalents of $283.0 million, contrasting with a decrease of $8.4 million in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,690[10] - The largest shareholder, Guizhou Steel Rope (Group) Co., Ltd., holds 57,489,818 shares, accounting for 23.46% of the total shares[10] Inventory and Expenses - The company's inventory increased to CNY 582,595,763.68 in Q1 2025, compared to CNY 465,222,512.31 in Q1 2024, representing a rise of 25.3%[14] - Research and development expenses for Q1 2025 were CNY 10,685,998.13, up from CNY 8,805,254.62 in Q1 2024, marking an increase of 21.3%[16] - The company's short-term borrowings increased to CNY 572,634,906.41 in Q1 2025 from CNY 381,094,982.75 in Q1 2024, reflecting a growth of 50.3%[14] Other Financial Information - The weighted average return on net assets was -1.5056%, down 1.9801 percentage points from 0.4745% at the end of the previous year[6] - The company received government subsidies amounting to CNY 1,905,451.82 during the reporting period[7] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[21]