Financial Performance - The company's operating revenue for Q1 2025 was CNY 891,764,438.56, a decrease of 37.98% compared to CNY 1,437,775,429.95 in the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 125,133,008.15, compared to a loss of CNY 6,353,117.41 in the previous year, indicating a significant decline in profitability[6]. - The basic and diluted earnings per share were both -0.19, a decrease from -0.01 in the same period last year[6]. - The net loss for Q1 2025 was CNY 138.30 million, compared to a net profit of CNY 1.21 million in Q1 2024[28]. - Operating profit for Q1 2025 was CNY -148.54 million, a significant decline from CNY 4.86 million in Q1 2024[27]. Cash Flow - The net cash flow from operating activities was -CNY 299,667,428.95, worsening from -CNY 74,387,649.98 in the previous year, reflecting increased cash outflow[11]. - In Q1 2025, the net cash flow from operating activities was -$299.67 million, compared to -$74.39 million in Q1 2024, indicating a significant decline[30]. - Total cash inflow from operating activities was $581.49 million in Q1 2025, down from $1.26 billion in Q1 2024[30]. - Cash outflow from operating activities totaled $881.16 million in Q1 2025, compared to $1.33 billion in Q1 2024[30]. - The net cash flow from investing activities was -$141.18 million in Q1 2025, compared to -$110.64 million in Q1 2024[31]. - Cash inflow from financing activities was $1.33 billion in Q1 2025, significantly higher than $560 million in Q1 2024[31]. - The net cash flow from financing activities increased to $664.39 million in Q1 2025, compared to $218.47 million in Q1 2024[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,423,319,825.81, a slight increase of 0.96% from CNY 12,305,210,394.10 at the end of the previous year[8]. - The total liabilities increased to CNY 8.19 billion in the latest report from CNY 7.93 billion in the previous period, reflecting a growth of 3.1%[24]. - The company's total equity decreased to CNY 4.24 billion from CNY 4.37 billion, a decline of 3.0%[25]. - The total number of common shareholders at the end of the reporting period is 30,353[13]. Shareholder Information - The top 10 shareholders hold a total of 38.45% of shares, with Hong Kong Central Clearing Limited being the largest shareholder at 248,238,789 shares[14]. - There is a noted relationship among the top shareholders, indicating potential coordinated actions among them[18]. - The company has a total of 55,597,956 shares pledged by the second-largest shareholder, China Luoyang Float Glass Group[14]. Research and Development - Research and development expenses decreased by 51.31% to CNY 26,540,643.42 from CNY 54,511,352.09 in the previous year, indicating reduced investment in R&D[11]. - Research and development expenses decreased to CNY 26.54 million in Q1 2025 from CNY 54.51 million in Q1 2024, a reduction of 51.4%[27]. - The company has not disclosed any new product developments or market expansion strategies in the current report[20]. - The company has not disclosed any new product launches or market expansion strategies in the current earnings call[26]. Other Financial Metrics - The company reported a total of CNY 4,252,423.33 in non-recurring gains and losses for the period, primarily from government subsidies and other income[10]. - The company's total current assets as of March 31, 2025, amount to 3,567,993,339.12 RMB, an increase from 3,301,715,036.17 RMB at the end of 2024[23]. - The total non-current assets decreased to 8,855,326,486.69 RMB from 9,003,495,357.93 RMB[23]. - Accounts receivable rose to 1,154,538,206.31 RMB from 1,027,209,026.78 RMB, indicating a growth in sales or credit terms[23]. - The company's cash and cash equivalents increased significantly to 361,207,402.36 RMB from 140,369,169.47 RMB[23].
凯盛新能(01108) - 2025 Q1 - 季度业绩