阳煤化工(600691) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,340,025,256.71, a decrease of 15.11% compared to ¥2,756,572,168.13 in the same period last year[5] - The net profit attributable to shareholders was -¥139,848,571.80, representing a decline of 273.54% from -¥37,439,035.86 year-on-year[5] - The basic and diluted earnings per share were both -¥0.0589, down 272.78% from -¥0.0158 in the same period last year[5] - The net profit for Q1 2025 was -151,212,774.26 RMB, compared to -54,063,382.71 RMB in Q1 2024, indicating a significant increase in losses[20] - Operating profit for Q1 2025 was -151,219,799.22 RMB, worsening from -56,045,641.61 RMB in the same period last year[20] - The total comprehensive income for Q1 2025 was -151,212,774.26 RMB, compared to -54,063,382.71 RMB in Q1 2024, reflecting a worsening financial position[21] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥85,080,664.07, a significant increase of 209.45% compared to -¥77,738,046.97 in the previous year[5] - Cash and cash equivalents decreased to CNY 4,317,771,538.40 as of March 31, 2025, from CNY 5,423,299,126.98 as of December 31, 2024, a decline of 20.4%[13] - The company’s cash flow management strategies are under review to address the decline in cash and cash equivalents[19] - The net cash flow from operating activities for Q1 2025 was 85,080,664.07 RMB, recovering from a negative cash flow of -77,738,046.97 RMB in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,369,477,768.63, a decrease of 7.34% from ¥19,823,835,835.89 at the end of the previous year[5] - Total current assets amounted to CNY 8,946,696,078.52 as of March 31, 2025, down 9.3% from CNY 9,863,640,579.43 as of December 31, 2024[14] - Total liabilities decreased to CNY 14,256,134,590.69 as of March 31, 2025, from CNY 16,082,175,406.84 as of December 31, 2024, a reduction of 11.3%[15] - Non-current assets totaled CNY 9,422,781,690.11 as of March 31, 2025, down 5.4% from CNY 9,960,195,256.46 as of December 31, 2024[14] - The company reported a net loss of CNY 2,968,361,843.54 in retained earnings as of March 31, 2025, compared to a loss of CNY 2,828,513,271.74 as of December 31, 2024[16] Shareholder Information - The company had a total of 50,924 common shareholders at the end of the reporting period[7] Operational Costs - Total operating costs for Q1 2025 were CNY 2,515,519,466.00, down 11.6% from CNY 2,847,123,836.25 in Q1 2024[19] - Operating costs included CNY 2,296,907,444.72 in cost of goods sold for Q1 2025, a decrease of 10.4% from CNY 2,564,485,645.23 in Q1 2024[19] Interest and Impairment - Interest expenses for Q1 2025 were 54,660,543.47 RMB, while interest income was only 464,262.98 RMB, leading to a net interest expense[20] - The company reported a significant increase in credit impairment losses, which amounted to 2,288,831.13 RMB in Q1 2025, compared to 5,721,148.41 RMB in Q1 2024[20] Control and Consolidation - The company lost control over Pingyuan Chemical in January 2025, which is no longer included in the consolidated financial statements[11]