RNM(600259)2025-04-29 14:18Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,506,361,190.27, a decrease of 14.05% compared to CNY 1,752,590,421.48 in the same period last year[4] - Net profit attributable to shareholders was CNY 47,271,220.42, a significant recovery from a loss of CNY 303,953,720.68 in the previous year[4] - Basic earnings per share increased to CNY 0.14 from a loss of CNY 0.90 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥1,506,361,190.27, a decrease of 14.06% compared to ¥1,752,590,421.48 in Q1 2024[18] - Net profit for Q1 2025 was ¥38,319,163.55, a significant recovery from a net loss of ¥322,013,457.12 in Q1 2024[20] - Operating profit for Q1 2025 was ¥49,814,213.95, compared to an operating loss of ¥379,429,058.47 in Q1 2024[19] - Total comprehensive income for Q1 2025 was ¥38,319,163.55, compared to a total comprehensive loss of ¥322,013,457.12 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,786,559,872.81, up 4.80% from CNY 7,429,995,571.24 at the end of the previous year[5] - The company's current assets totaled ¥3,828,917,503.43, up from ¥3,497,305,649.64, indicating an increase of about 9.5%[13][15] - Total liabilities increased to ¥4,109,159,748.68 from ¥3,792,749,989.22, indicating a growth of approximately 8.3%[15] - The company's equity attributable to shareholders rose to ¥3,408,981,158.16 from ¥3,360,054,579.07, reflecting an increase of about 1.5%[15] Cash Flow - The company reported a net cash outflow from operating activities of CNY -34,547,957.04, an improvement from CNY -299,888,971.85 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥34,547,957.04, an improvement from -¥299,888,971.85 in Q1 2024[21] - Cash inflow from operating activities totaled ¥2,063,046,130.30 in Q1 2025, compared to ¥2,160,279,608.71 in Q1 2024[23] - Net cash flow from investing activities was -$29,447,871.04, slightly decreased from -$29,373,971.22 year-over-year[24] - Cash inflow from financing activities totaled $1,051,631,907.63, down from $1,386,940,417.69 in the previous period[24] - Net cash flow from financing activities was $108,945,138.00, a significant decrease from $425,870,174.17 year-over-year[24] - The net increase in cash and cash equivalents was $44,845,950.37, down from $95,112,718.69 in the previous period[24] - The ending balance of cash and cash equivalents was $664,880,470.85, compared to $819,733,738.30 last year[24] Accounts Receivable and Inventory - Accounts receivable increased by 62.97% due to an increase in credit sales during the reporting period[6] - Inventory levels rose by 31.39% as a result of increased stockpiling by trading companies[7] - Accounts receivable rose significantly to ¥176,559,460.67 from ¥108,338,013.25, marking an increase of around 63.1%[13][15] - Inventory levels increased to ¥2,246,020,803.68 from ¥1,709,475,380.84, which is an increase of approximately 31.4%[13][15] Borrowings and Debt - Short-term borrowings surged by 104.38%, primarily due to an increase in bank short-term loans[7] - Short-term borrowings surged to ¥1,229,052,421.99 from ¥601,362,873.34, representing an increase of about 104.1%[14][15] - Cash outflow for debt repayment was $895,330,026.96, compared to $810,000,000.00 last year[24] Research and Development - Research and development expenses decreased to ¥6,454,427.11 in Q1 2025 from ¥9,511,148.97 in Q1 2024, a reduction of 32.15%[19] Investment Income - Investment income for Q1 2025 was ¥55,900,192.22, up 48.54% from ¥37,594,775.03 in Q1 2024[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,005[8] - The company has not reported any significant changes in shareholder structure or participation in margin financing activities during the reporting period[11] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]