恩捷股份(002812) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 2,728,626,155.64, representing a 17.23% increase compared to CNY 2,327,574,815.97 in the same period last year[5] - Net profit attributable to shareholders decreased by 83.57% to CNY 25,986,601.51 from CNY 158,141,200.24 year-on-year[5] - The weighted average return on equity decreased to 0.11% from 0.59% year-on-year[5] - Net profit for the current period was ¥13,899,219.04, a significant decrease of 91.2% compared to ¥157,214,798.22 in the previous period[22] - Basic earnings per share decreased to ¥0.03 from ¥0.16, indicating a decline in profitability per share[22] Cash Flow - The net cash flow from operating activities fell by 72.73% to CNY 124,302,344.45, down from CNY 455,833,032.02 in the previous year[5] - Net cash flow from operating activities was $124.30 million, a decrease of 72.7% compared to $455.83 million in the previous period[24] - The company reported a net increase in cash and cash equivalents of $45.58 million, down from $352.96 million in the previous period[25] - The ending balance of cash and cash equivalents was $1.78 billion, compared to $3.14 billion at the end of the previous period[25] - Cash paid for purchasing goods and services was $1.26 billion, down from $1.90 billion, indicating a reduction in operational expenses[24] Assets and Liabilities - Total assets increased by 1.16% to CNY 47,745,549,867.03 compared to CNY 47,199,637,500.22 at the end of the previous year[5] - Total liabilities rose to ¥21,387,296,718.91, compared to ¥20,994,639,016.43 in the previous period, marking an increase of 1.9%[20] - The company reported a total current assets of approximately RMB 13.90 billion as of March 31, 2025, compared to RMB 13.82 billion at the beginning of the period, showing a slight increase[18] - The company’s total non-current assets amounted to ¥33,848,124,996.35, slightly up from ¥33,375,210,611.36, reflecting ongoing investments[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 96,765[10] - The top shareholder, Paul Xiaoming Lee, holds 13.25% of the shares, amounting to 128,443,138 shares, with a significant portion pledged[11] Operational Expenses - Total operating costs increased to ¥2,757,617,981.05, up 22.1% from ¥2,258,788,907.70 in the previous period, with operating costs specifically rising from ¥1,888,346,166.57 to ¥2,260,926,584.08[21] - Sales expenses surged by 95.85% to CNY 35,412,937.87, primarily due to increased advertising costs[9] - Cash paid to employees increased to $384.35 million from $358.10 million, reflecting a rise in labor costs[24] Agreements and Contracts - The company signed a supply agreement with LG Energy Solution, expecting to supply approximately 3.55 billion square meters of lithium battery separator film from 2025 to 2027[13] - The company entered into a procurement framework agreement with Beijing Weilan New Energy, anticipating orders for no less than 300 million square meters of semi-solid and all-solid battery electrolyte separators and at least 100 tons of all-solid battery electrolytes from 2025 to 2030[13] Cash Flow from Financing Activities - The company experienced a 44.05% increase in cash inflow from financing activities, totaling CNY 3,346,418,373.29, driven by increased bill financing[9] - Cash inflow from financing activities reached $3.35 billion, compared to $2.32 billion, with net cash flow of $479.54 million, a decrease of 8.1% from $521.83 million[24] Research and Development - Research and development expenses increased to ¥170,643,526.65, up from ¥153,099,156.13, indicating a focus on innovation[21] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable, which rose by 97.29% to CNY 731,256,877.65, attributed to an increase in received bills[9] - Accounts receivable decreased to approximately RMB 5.25 billion from RMB 6.10 billion, indicating a reduction of about 14%[18] - Inventory increased slightly to approximately RMB 2.99 billion from RMB 2.96 billion, reflecting a growth of about 0.9%[18]