醋化股份(603968) - 2025 Q1 - 季度财报

Major Financial Data Key Accounting Data and Financial Indicators The company's Q1 2025 revenue slightly declined, but net loss narrowed significantly, and total assets grew Key Financial Indicators for Q1 2025 | Indicator | Current Period | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 688,245,529.08 | 718,063,398.05 | -4.15% | | Net Profit Attributable to Shareholders (Yuan) | -6,717,926.61 | -27,033,611.23 | 75.15% | | Net Profit Attributable to Shareholders (Non-recurring) (Yuan) | -13,705,624.21 | -28,249,083.32 | 51.48% | | Net Cash Flow from Operating Activities (Yuan) | -139,798,660.27 | -152,892,139.43 | 8.56% | | Basic Earnings Per Share (Yuan/Share) | -0.0324 | -0.1292 | 74.92% | | Weighted Average Return on Equity (%) | -0.37% | -1.36% | Increased by 0.99 ppt | Key Balance Sheet Indicators at Period-End | Indicator | End of Current Period | End of Prior Year | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets (Yuan) | 3,570,628,262.51 | 3,356,330,821.20 | 6.38% | | Equity Attributable to Shareholders (Yuan) | 1,821,420,435.45 | 1,825,205,300.81 | -0.21% | Non-recurring Gains and Losses Non-recurring items totaled ¥6.99 million, primarily from financial asset gains and government grants Details of Non-recurring Gains and Losses for Q1 2025 | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 203,425.56 | | Government Grants | 1,600,186.44 | | Fair Value & Disposal Gains/Losses on Financial Assets/Liabilities | 5,044,451.57 | | Other Non-operating Income and Expenses | 882,485.83 | | Income Tax Effect | -698,698.66 | | Minority Interest Effect (After Tax) | -44,153.14 | | Total | 6,987,697.60 | Analysis of Major Financial Indicator Changes Profitability indicators improved significantly due to higher gross margins and lower expenses and provisions - Net profit attributable to shareholders increased by 75.15% YoY, primarily due to: - Recovery in product sales gross margin - Reduction in share-based payment expenses - Decrease in provisions for asset impairment[6] Shareholder Information Shareholder Holdings The company had 14,159 common shareholders, with notable concert party relationships among top holders - At the end of the reporting period, the total number of common shareholders was 14,159[9] - Among the top ten shareholders, Gu Qingquan, Qing Jiu, Ding Caifeng, Shuai Jianxin, Qian Jin, and Xue Jinquan are parties acting in concert; Yang Meiyun and Qing Jiu are parties acting in concert; Nantong Guotai Venture Capital Co, Ltd is a controlled subsidiary of Nantong Industrial Holding Group Co, Ltd[9] Other Reminders Other Reminders No other significant matters requiring investor attention were reported for the period - The company confirms no other significant information requires investor attention during the reporting period[10] Quarterly Financial Statements Financial Statements This section presents the unaudited consolidated financial statements for the first quarter of 2025 Consolidated Balance Sheet Total assets grew to ¥3.57 billion and liabilities rose to ¥1.66 billion, driven by borrowings Key Balance Sheet Items (2025-03-31 vs 2024-12-31) | Item | March 31, 2025 (Yuan) | December 31, 2024 (Yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 3,570,628,262.51 | 3,356,330,821.20 | +6.38% | | Accounts Receivable | 533,210,258.47 | 417,449,339.29 | +27.73% | | Inventories | 317,296,705.98 | 252,436,349.54 | +25.69% | | Total Liabilities | 1,656,043,581.94 | 1,438,950,953.60 | +15.09% | | Short-term Borrowings | 207,000,000.00 | 97,000,000.00 | +113.40% | | Long-term Borrowings | 352,128,243.98 | 174,898,052.34 | +101.33% | | Equity Attributable to Parent Company | 1,821,420,435.45 | 1,825,205,300.81 | -0.21% | Consolidated Income Statement Q1 revenue fell 4.15% to ¥688 million, but lower costs and impairment losses narrowed the net loss Key Income Statement Items (2025 Q1 vs 2024 Q1) | Item | Q1 2025 (Yuan) | Q1 2024 (Yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 688,245,529.08 | 718,063,398.05 | -4.15% | | Operating Costs | 610,066,020.04 | 646,558,627.80 | -5.64% | | Operating Profit | -6,893,459.79 | -27,780,780.29 | 75.19% | | Asset Impairment Losses | -10,480,345.26 | -18,850,027.25 | 44.40% | | Fair Value Change Gains | 4,090,740.67 | -868,195.50 | -571.19% | | Net Profit Attributable to Parent Company | -6,717,926.61 | -27,033,611.23 | 75.15% | Consolidated Cash Flow Statement Operating cash outflow decreased, while investing activities turned positive, resulting in a net cash increase Key Cash Flow Statement Items (2025 Q1 vs 2024 Q1) | Item | Q1 2025 (Yuan) | Q1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -139,798,660.27 | -152,892,139.43 | | Net Cash Flow from Investing Activities | 16,192,327.05 | -233,825,091.39 | | Net Cash Flow from Financing Activities | 187,220,516.85 | 274,137,309.83 | | Net Increase in Cash and Cash Equivalents | 64,632,681.19 | -110,339,400.97 |