Yibin paper(600793)2025-04-29 14:48Financial Performance - The company's operating revenue for Q1 2025 was CNY 612,362,460.03, representing a year-on-year increase of 9.51% compared to CNY 559,207,546.06 in the same period last year[5]. - Net profit attributable to shareholders of the listed company reached CNY 16,027,143.43, a significant increase of 99.80% from a loss of CNY 19,269,224.79 in the previous year[5]. - The net cash flow from operating activities was CNY 261,715,139.41, showing a substantial increase of 326.51% compared to CNY 61,362,553.78 in the same period last year[5]. - Basic earnings per share (EPS) improved to CNY 0.0906, a 100% increase from a loss of CNY 0.1089 in the previous year[6]. - Diluted earnings per share also rose to CNY 0.0906, reflecting the same 100% increase as basic EPS[6]. - The weighted average return on net assets increased to 7.00%, up by 5.65 percentage points from the previous year[6]. - Total operating revenue for Q1 2025 reached RMB 612.36 million, a 9.5% increase from RMB 559.21 million in Q1 2024[18]. - Net profit for Q1 2025 was RMB 42.70 million, compared to RMB 21.46 million in Q1 2024, representing a 98.5% year-over-year increase[19]. - Basic and diluted earnings per share for Q1 2025 were both RMB 0.0906, up from RMB 0.0453 in Q1 2024[20]. - The company reported a total profit of RMB 57.95 million for Q1 2025, up from RMB 25.87 million in Q1 2024[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,378,647,862.79, a slight increase of 0.28% from CNY 3,369,366,773.86 at the end of the previous year[6]. - Current assets as of March 31, 2025, amount to 966,751,685.97 RMB, an increase from 929,063,959.47 RMB at the end of 2024[14]. - Cash and cash equivalents increased to 299,923,981.27 RMB from 123,381,269.67 RMB[13]. - Short-term borrowings rose significantly to 200,000,000.00 RMB from 80,038,666.67 RMB[15]. - Total liabilities decreased to 3,015,165,847.18 RMB from 3,089,432,397.60 RMB[15]. - Non-current assets decreased to 2,411,896,176.82 RMB from 2,440,302,814.39 RMB[14]. - Total assets as of March 31, 2025, are 3,378,647,862.79 RMB, slightly up from 3,369,366,773.86 RMB[16]. Shareholder Information - Shareholders' equity attributable to the listed company increased to CNY 237,845,377.95, marking a growth of 7.61% from CNY 221,023,281.42 at the end of the previous year[6]. - Total number of common shareholders at the end of the reporting period is 16,670[11]. - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 79,368,520 shares, accounting for 44.8% of total shares[11]. - The total equity attributable to shareholders increased to 237,845,377.95 RMB from 221,023,281.42 RMB[15]. Business Developments - The increase in net profit was primarily driven by higher gross margins and sales volumes of acetic acid fiber products[9]. - The company completed the acquisition of a 67% stake in Sichuan Pushi Acetate Fiber Co., Ltd., which was accounted for as a business combination under common control[6]. Cash Flow and Expenses - Cash flow from operating activities for Q1 2025 was RMB 261.72 million, significantly higher than RMB 61.36 million in Q1 2024[22]. - Cash and cash equivalents at the end of Q1 2025 totaled RMB 271.50 million, compared to RMB 54.95 million at the end of Q1 2024[22]. - Research and development expenses for Q1 2025 were RMB 13.26 million, an increase from RMB 11.42 million in Q1 2024[18]. - The company raised RMB 40 million from minority shareholders in Q1 2025, compared to no such income in Q1 2024[22]. - The company incurred a loss of RMB 149,727.46 from investment income in Q1 2025, contrasting with a gain of RMB 181,638.99 in Q1 2024[18].