双良节能(600481) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,078,655,535.27, a decrease of 51.06% compared to ¥4,247,775,168.79 in the same period last year[4] - The net profit attributable to shareholders was -¥161,271,551.83, an improvement of 45.27% from -¥294,661,296.94 year-on-year[4] - The basic earnings per share improved by 45.33% to -¥0.0861 from -¥0.1575 in the same period last year[4] - The company reported a 57.89% reduction in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to -¥164,846,796.51 compared to -¥391,478,165.30 last year[4] - The company reported a significant decrease in sales revenue from ¥3.31 billion in Q1 2024 to ¥1.43 billion in Q1 2025[22] - Net profit for Q1 2025 was a loss of approximately ¥163.41 million, an improvement from a loss of ¥294.44 million in Q1 2024[20] Cash Flow and Investments - The net cash flow from operating activities increased by 53.47% to ¥358,198,141.54, compared to ¥233,391,954.99 in the previous year[4] - The company's cash flow from investing activities increased by 91.92%, primarily due to reduced cash payments for fixed assets and intangible assets[9] - Investment activities resulted in a net cash outflow of approximately ¥23.76 million in Q1 2025, compared to a net outflow of ¥294.15 million in Q1 2024[23] - Financing activities generated a net cash outflow of approximately ¥358.96 million in Q1 2025, compared to a net inflow of ¥182.27 million in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥27,510,439,772.13, a slight decrease of 0.80% from ¥27,731,165,581.57 at the end of the previous year[5] - The company's current assets totaled ¥11,925,835,933.25, slightly down from ¥11,960,253,567.84 in the previous period[15] - The company's short-term borrowings increased to ¥7,849,253,540.55 from ¥7,106,866,337.51, indicating a rise of approximately 10.4%[16] - The total liabilities of the company were reported at ¥22,897,984,140.94, compared to ¥22,953,774,837.57 previously, showing a slight decrease[16] - The company's total equity attributable to shareholders decreased to ¥4,610,329,925.01 from ¥4,773,125,048.53, a decline of approximately 3.4%[16] Inventory and Costs - The company experienced a 52.69% decrease in operating costs, attributed to lean management and a decline in raw material prices for photovoltaic products[8] - Total operating costs for Q1 2025 were approximately ¥2.30 billion, down 48.9% from ¥4.51 billion in Q1 2024[19] - The company's inventory increased to ¥1,730,451,428.97 from ¥1,551,762,408.03, reflecting a growth of approximately 11.5%[14] Other Financial Metrics - The weighted average return on equity improved by 0.81 percentage points to -3.44% from -4.25% year-on-year[5] - The company reported a significant decrease of 98.13% in other income, mainly due to a reduction in government subsidies received during the period[8] - The company experienced a credit impairment loss of approximately ¥18.03 million in Q1 2025, compared to a loss of ¥42.43 million in Q1 2024[20] Shareholder Information - The company reported a total of 10,000,000 shares held by Beijing Jingneng Energy Technology M&A Investment Fund, indicating significant shareholder involvement[12] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[24]