Liuguo Chemical(SH:600470)2025-04-29 12:08Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,604,139,062.47, representing a 37.41% increase compared to CNY 1,167,447,145.87 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 66,725,482.73, a significant decline of 1,536.16% from a profit of CNY 4,646,118.87 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.13, down 1,400.00% from CNY 0.01 in the same period last year[4] - The weighted average return on equity decreased to -3.71%, down 3.97 percentage points from 0.26% in the previous year[4] - The net loss for the company was RMB 226,713,963.54 for Q1 2025, compared to a loss of RMB 159,988,480.81 in Q1 2024[15] - Operating profit for the first quarter of 2025 was -54,994,914.57 RMB, down from 16,213,478.58 RMB in the first quarter of 2024[19] - The total comprehensive income for the first quarter of 2025 was -58,890,347.52 RMB, compared to 12,963,825.55 RMB in the first quarter of 2024[20] Revenue and Costs - Total operating revenue for Q1 2025 reached RMB 1,604,139,062.47, a 37.3% increase from RMB 1,167,447,145.87 in Q1 2024[18] - Total operating costs for Q1 2025 were RMB 1,674,182,676.32, up from RMB 1,161,977,095.80 in Q1 2024, reflecting a significant increase in operational expenses[18] - Operating costs included RMB 1,536,761,764.98 in cost of goods sold for Q1 2025, compared to RMB 1,031,455,359.12 in Q1 2024, indicating a rise of 48.9%[18] - The decline in net profit was mainly attributed to a decrease in selling prices of key fertilizer products and rising procurement costs of raw materials such as sulfur and sulfuric acid[7] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,432,222,295.70, a decrease of 8.47% from CNY 7,027,476,500.98 at the end of the previous year[5] - Current assets totaled RMB 2,963,280,663.25 as of March 31, 2025, down from RMB 3,616,130,462.61 at the end of the previous period[13] - Total liabilities decreased to RMB 4,304,636,484.07 from RMB 4,872,391,634.83, showing a reduction in financial obligations[15] - The company's total assets were RMB 6,432,222,295.70, down from RMB 7,027,476,500.98, indicating a decline in overall asset value[15] - The total equity attributable to shareholders was RMB 1,765,672,582.79, down from RMB 1,832,214,058.91, reflecting a decline in shareholder value[15] Cash Flow and Investments - The net cash flow from operating activities was CNY -61,275,079.27, an improvement from CNY -374,600,655.73 in the same period last year[4] - Cash flow from operating activities for the first quarter of 2025 was -61,275,079.27 RMB, an improvement from -374,600,655.73 RMB in the first quarter of 2024[23] - The company's cash and cash equivalents stood at RMB 975,134,827.47, a decrease from RMB 1,325,153,940.54 in the previous period[13] - Cash and cash equivalents at the end of the first quarter of 2025 were 676,455,197.03 RMB, compared to 456,517,120.19 RMB at the end of the first quarter of 2024[23] Shareholder Information - The company had a total of 61,173 common shareholders at the end of the reporting period[8] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., held 20.49% of the shares, totaling 106,891,744 shares[8] - The company raised 32,045,670.00 RMB from minority shareholders in the first quarter of 2025[23] Research and Development - Research and development expenses increased to 50,207,533.53 RMB in the first quarter of 2025, up from 44,039,976.84 RMB in the same period of 2024[19] Financial Expenses - The company reported a decrease in financial expenses, with interest expenses dropping to 11,831,900.98 RMB from 19,430,291.45 RMB year-over-year[19] Inventory - The company reported a significant increase in inventory, with total inventory at RMB 1,451,678,113.61 compared to RMB 1,775,862,972.45 in the previous period[13]