吉翔股份(603399) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,094,744,900.71, a decrease of 24.57% compared to CNY 1,451,319,861.64 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 29,499,247.67, representing a decline of 141.28% from a profit of CNY 71,467,219.68 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 43,285,010.62, a significant drop of 348.19% compared to CNY 17,440,015.32 in the same period last year[4] - The net cash flow from operating activities was negative CNY 465,433,920.64, a decrease of 1,680.24% from CNY 29,453,414.16 in the previous year[4] - The basic and diluted earnings per share were both negative CNY 0.06, down 142.86% from CNY 0.14 in the same period last year[4] - The net profit for the period was -31,674,810.33 CNY, a decrease of 140.06% year-on-year, attributed to declining product prices and increased inventory impairment losses[10] - Operating profit for Q1 2025 was CNY -39,864,552.16, compared to CNY 92,814,056.04 in Q1 2024, indicating a shift to a loss position[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,640,078,533.60, an increase of 4.98% from CNY 3,467,244,878.66 at the end of the previous year[5] - The equity attributable to shareholders was CNY 1,736,749,179.41, a decrease of 1.99% from CNY 1,772,067,234.62 at the end of the previous year[5] - Total liabilities increased to CNY 1,834,766,224.15 in 2025 from CNY 1,624,536,999.62 in 2024, reflecting a growth of 12.9%[18] - Total equity decreased to CNY 1,805,312,309.45 in 2025 from CNY 1,842,707,879.04 in 2024, a decline of 2.0%[18] Cash Flow - The net cash flow from operating activities was -465,433,920.64 CNY, a decline of 1,680.24% compared to the previous year[9] - The cash flow from investment activities was 91,855,078.15 CNY, a significant increase of 2,063.14% compared to the previous year[10] - The total cash and cash equivalents at the end of the period stood at $403.07 million, down from $1.14 billion at the beginning of the period[27] - Cash outflows for operating activities totaled $1.62 billion, an increase from $1.17 billion in the previous year[26] Inventory and Impairment - The company recognized inventory impairment losses of CNY 35,959,200.00 for lithium products and CNY 16,682,400.00 for molybdenum products due to continuous price declines and weak market demand[4] - Inventory increased by 46.83% to 735,187,632.17 CNY, primarily due to increased production and inventory levels[9] Financing and Share Repurchase - The company completed a share buyback of 13,702,000 shares, accounting for 2.66% of the total share capital, with an average repurchase price of RMB 7.31 per share[14] - The company plans to use between RMB 100 million and RMB 150 million for future share repurchases, targeting a maximum price of RMB 13.64 per share[13] - The total number of shares intended for repurchase ranges from 7,331,400 to 10,997,100 shares[13] Research and Development - Research and development expenses for Q1 2025 were CNY 14,472,418.80, up from CNY 12,117,438.22 in Q1 2024, indicating a focus on innovation[22] Market Strategy - The company is exploring new market expansion strategies and product development initiatives to enhance growth prospects in the upcoming quarters[13]