风神股份(600469) - 2025 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2025 reached ¥1,629,141,578.91, an increase of 10.91% compared to ¥1,468,870,875.99 in the same period last year[5] - Net profit attributable to shareholders decreased by 62.09% to ¥28,224,077.72 from ¥74,441,280.62 year-on-year[5] - Net profit excluding non-recurring gains and losses dropped by 73.26% to ¥18,388,881.69 from ¥68,768,302.05 in the previous year[5] - Basic and diluted earnings per share fell by 60.00% to ¥0.04 from ¥0.10 in the same period last year[5] - Gross profit for Q1 2025 was CNY 60,132,323.86, compared to CNY 96,125,528.17 in Q1 2024, indicating a decline in profitability[18] - The total comprehensive income for Q1 2025 was CNY 42,459,542.50, down from CNY 69,509,274.50 in Q1 2024, reflecting a decline of approximately 39%[20] Cash Flow and Operating Activities - The company reported a net cash flow from operating activities of -¥280,311,906.56, compared to -¥64,111,325.68 in the previous year, indicating increased cash outflows due to rising raw material costs[5][9] - The cash flow from operating activities for Q1 2025 was negative at CNY -280,311,906.56, compared to CNY -64,111,325.68 in Q1 2024, indicating a worsening cash flow situation[23] - The total cash inflow from operating activities was CNY 1,468,593,521.66, slightly up from CNY 1,455,595,816.60 in the previous year[22] - The cash outflow from operating activities increased to CNY 1,748,905,428.22 in Q1 2025, compared to CNY 1,519,707,142.28 in Q1 2024, marking a rise of approximately 15%[23] - The net cash increase in cash and cash equivalents for Q1 2025 was CNY -304,704,203.88, compared to CNY -142,066,404.31 in Q1 2024, indicating a significant decline[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,350,251,226.62, a slight increase of 0.34% from ¥7,325,203,222.03 at the end of the previous year[6] - Total liabilities decreased to CNY 4,007,679,547.68 as of March 31, 2025, from CNY 4,041,135,960.81 at the end of 2024[15] - The company's cash and cash equivalents decreased to CNY 614,247,297.30 from CNY 912,752,414.49, a decline of 32.7%[13] - Accounts receivable increased significantly to CNY 1,175,596,184.15 from CNY 794,496,437.50, representing a growth of 47.9%[13] - Inventory levels remained stable at CNY 1,400,246,016.94, slightly down from CNY 1,404,706,248.13[14] - The company's equity attributable to shareholders increased to CNY 3,342,571,678.94 from CNY 3,284,067,261.22, reflecting a growth of 1.8%[16] Expenses and Costs - The decline in net profit was primarily due to a 9.54% increase in raw material prices, which led to a 4.37% decrease in gross margin[9] - Total operating costs for Q1 2025 were CNY 1,569,009,255.05, up from CNY 1,372,745,347.82 in Q1 2024, reflecting a year-over-year increase of 14.3%[18] - Research and development expenses for Q1 2025 amounted to CNY 69,053,311.41, down from CNY 81,010,279.46 in Q1 2024, a decrease of 14.7%[18] Shareholder Information - The top ten shareholders hold a combined 57.50% of the shares, with China National Chemical Corporation being the largest shareholder[11] - The company received government subsidies amounting to ¥9,134,393.67, which positively impacted its financial results[7] Tax and Foreign Exchange - The company reported a tax expense of CNY 6,190,030.11 for Q1 2025, compared to CNY 9,517,074.41 in Q1 2024, reflecting a decrease of approximately 35%[19] - The company experienced a foreign exchange gain of CNY 17,937,318.07 in Q1 2025, contrasting with a loss of CNY -4,643,006.12 in Q1 2024[20]