Longi(SH:601012)2025-04-29 14:53Financial Performance - The company's revenue for Q1 2025 was CNY 13.65 billion, a decrease of 22.75% compared to CNY 17.67 billion in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 1.44 billion, improving by 38.89% from a loss of CNY 2.35 billion year-on-year[3][6]. - The basic earnings per share improved to -CNY 0.19 from -CNY 0.31, reflecting a 38.71% reduction in losses[3][6]. - The company reported a total comprehensive loss of -1,459,711,619.29 CNY in Q1 2025, compared to -2,358,092,345.53 CNY in Q1 2024, marking a 38.0% improvement[19]. - The net profit for Q1 2025 was -1,450,437,565.92 CNY, an improvement from -2,358,257,888.17 CNY in Q1 2024, representing a 38.3% reduction in losses[18]. Cash Flow and Liquidity - The net cash flow from operating activities showed a reduction in outflow by 64.26%, amounting to a loss of CNY 1.75 billion compared to CNY 4.89 billion in the previous year[3][6]. - Operating cash flow for Q1 2025 was -1,747,336,782.35 CNY, compared to -4,889,457,587.93 CNY in Q1 2024, indicating a significant improvement in cash flow performance[23]. - Cash flow from investment activities in Q1 2025 was -3,553,010,431.26 CNY, worsening from -899,163,663.38 CNY in Q1 2024, indicating increased investment outflows[23]. - The company's cash and cash equivalents decreased to CNY 25.47 billion as of March 31, 2025, down from CNY 30.71 billion at the end of 2024, a decline of about 17.2%[26]. - The ending cash and cash equivalents balance for Q1 2025 was $24.88 billion, a decrease from $36.34 billion in Q1 2024[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 149.04 billion, down 2.49% from CNY 152.84 billion at the end of the previous year[4]. - Total liabilities decreased to CNY 89.13 billion from CNY 91.44 billion, indicating a reduction of 2.5%[14]. - The total equity attributable to shareholders decreased by 2.42% to CNY 59.42 billion from CNY 60.90 billion at the end of the previous year[4]. - The company's total liabilities rose to CNY 35.97 billion as of March 31, 2025, compared to CNY 27.83 billion at the end of 2024, an increase of about 29.3%[27]. - The company reported a total equity of CNY 59.91 billion as of March 31, 2025, down from CNY 61.40 billion[14]. Operational Metrics - The company shipped 23.46 GW of silicon wafers in Q1 2025, with external sales accounting for 11.26 GW; battery module shipments totaled 16.93 GW, including 4.32 GW of BC modules[9]. - Total operating revenue for Q1 2025 was CNY 13.65 billion, a decrease of 22.7% compared to CNY 17.67 billion in Q1 2024[17]. - Total operating costs for Q1 2025 were CNY 15.62 billion, down 13.5% from CNY 18.04 billion in Q1 2024[17]. - The total operating expenses for Q1 2025 were 1,578,000,000 CNY, a decrease from 1,800,000,000 CNY in Q1 2024, reflecting a cost reduction strategy[18]. Investments and R&D - Research and development expenses for Q1 2025 were 394,155,020.70 CNY, down from 467,285,985.64 CNY in Q1 2024, a decrease of 15.7%[18]. - Research and development expenses for Q1 2025 were CNY 256.36 million, up from CNY 216.62 million in Q1 2024, reflecting an increase of approximately 18.3%[29]. Shareholder Actions - Chairman Zhong Baoshen plans to increase his shareholding by at least CNY 100 million within 12 months starting from November 26, 2024, having already acquired 4.35 million shares for CNY 71.93 million[10].