FSSS(SH:600399)2025-04-29 09:40Financial Performance - The company's operating revenue for Q1 2025 was ¥1,755,527,992.74, a decrease of 15.25% compared to ¥2,071,424,997.25 in the same period last year[4]. - The net profit attributable to shareholders was -¥125,239,966.89, representing a decline of 209.33% from a profit of ¥114,548,291.12 in the previous year[4]. - The basic and diluted earnings per share were both -¥0.0635, a decrease of 209.29% compared to ¥0.0581 in the same period last year[4]. - The company reported a decrease in cash and cash equivalents to RMB 1,345,201,733.71 from RMB 1,438,729,778.68, a decline of about 6.48%[12]. - The company reported an operating profit of -CNY 119,653,696.05 for Q1 2025, compared to an operating profit of CNY 111,433,648.60 in Q1 2024[17]. - The net profit for Q1 2025 was a loss of CNY 125,239,966.89, compared to a net profit of CNY 114,548,291.12 in Q1 2024, indicating a significant decline[17]. Cash Flow and Assets - The net cash flow from operating activities was -¥658,132,640.87, compared to -¥391,331,869.01 in the same period last year, indicating a worsening cash flow situation[4][7]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 888,965,256.63, compared to CNY 323,601,894.36 at the end of Q1 2024[19]. - Current assets totaled RMB 6,559,301,932.59, compared to RMB 6,431,771,973.85 at the end of 2024, indicating an increase of about 1.98%[13]. - The total assets at the end of the reporting period were ¥13,284,806,680.86, an increase of 1.16% from ¥13,132,152,669.61 at the end of the previous year[5]. - The total liabilities reached RMB 7,054,376,907.68, up from RMB 6,782,270,484.13, marking an increase of approximately 4.01%[14]. - The total equity stood at RMB 6,230,429,773.18, reflecting a slight decrease from RMB 6,349,882,185.48, indicating a decline of approximately 1.87%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 100,581[8]. - Jiangsu Shagang Group Co., Ltd. was the largest shareholder, holding 15.43% of the shares[9]. - There are no significant changes in the top 10 shareholders or their participation in financing activities during the reporting period[11]. Operational Challenges - The company faced increased competition, leading to a reduction in both production volume and sales prices, impacting profitability significantly[6]. - The company reported non-recurring losses of -¥2,289,029.72 for the period, primarily due to asset disposal losses and debt restructuring losses[6]. Strategic Initiatives - The company is focusing on enhancing its operational efficiency and exploring new market opportunities as part of its strategic initiatives[15].