宏达股份(600331) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥821,622,032.70, representing a 15.04% increase compared to ¥714,179,463.78 in the same period last year[5]. - The net profit attributable to shareholders was -¥35,928,145.61, a significant decline from -¥5,474,070.24 year-on-year, indicating a worsening financial performance[5]. - The cash flow from operating activities for the period was a net outflow of RMB 191 million, a decrease of 456.55% year-on-year[15]. - Net profit for Q1 2025 was a loss of ¥35,928,145.61, compared to a loss of ¥5,470,514.62 in Q1 2024, indicating a significant decline in profitability[29]. - The total comprehensive income for Q1 2025 was a loss of ¥35,080,477.59, compared to a loss of ¥5,465,191.20 in Q1 2024[29]. Cash Flow and Assets - The net cash flow from operating activities was -¥191,457,601.76, a drastic decrease of 456.55% compared to a positive cash flow of ¥53,696,855.94 in the previous year[5]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥109,763,570.11, down from ¥206,484,426.46 at the end of Q1 2024[32]. - As of March 31, 2025, the company's total assets amount to 2,136,151,337.82 CNY, a decrease from 2,276,237,092.02 CNY on December 31, 2024[24]. - Current assets decreased to 995,387,492.83 CNY from 1,108,062,251.61 CNY[23]. Liabilities and Equity - The company's short-term borrowings increased by 30.65%, indicating a rise in financing from banks during the reporting period[8]. - The company's short-term borrowings increased to 835,640,000 CNY from 639,620,000 CNY[25]. - Total liabilities decreased to 1,779,466,415.60 CNY from 1,886,391,442.77 CNY[25]. - The company's equity attributable to shareholders decreased to 356,684,922.22 CNY from 389,845,649.25 CNY[25]. Expenses and Costs - Total operating costs for Q1 2025 were ¥857,025,686.36, up 19.59% from ¥716,462,182.86 in Q1 2024[28]. - The company reported a 29.4% decrease in financial expenses compared to the previous year, primarily due to the completion of profit return payments to Jinding Zinc Industry and a reduction in interest expenses[15]. - The company incurred a financial expense of ¥11,231,785.05 in Q1 2025, a decrease from ¥15,909,219.79 in Q1 2024[28]. - The company reported an investment loss of ¥122,369.26 in Q1 2025, an improvement from a loss of ¥150,361.74 in Q1 2024[28]. Market and Strategic Initiatives - The company plans to expand its market presence and enhance product offerings, focusing on zinc products and compound fertilizers, which contributed to the revenue growth[9]. - The company aims to enhance its main business profitability and sustainable development capabilities by focusing on green phosphate chemicals and integrated non-ferrous metal mining and smelting[18]. - The company has completed annual maintenance work for its subsidiaries, laying a foundation for full-load production in 2025[16]. Government and Regulatory Matters - The company received government subsidies amounting to ¥1,113,936.91, which positively impacted other income, reflecting a 90.93% increase compared to the previous year[9]. - The company is currently in the review stage with the Shanghai Stock Exchange for the issuance, pending approval from the China Securities Regulatory Commission[19]. Share Issuance - The company plans to issue 609,600,000 shares, representing up to 30% of the total share capital before the issuance[19]. - The issuance price is set at 4.68 CNY per share, which is 80% of the average trading price over the previous 20 trading days[19]. - The total funds to be raised from this issuance are expected to be 285,292,800 CNY, intended for debt repayment and working capital[19].