qscc(SH:600425)2025-05-05 07:45Financial Performance - The company's operating revenue for Q1 2025 was ¥437,740,645.51, a decrease of 10.93% compared to ¥491,447,052.38 in the same period last year[4] - The net profit attributable to shareholders was -¥55,531,028.98, representing a decline of 296.23% from -¥14,014,999.14 year-on-year[4] - The basic earnings per share (EPS) was -¥0.035, down 288.89% from -¥0.009 in the previous year[5] - The company reported a significant decline in net profit due to decreased product sales and prices, leading to reduced revenue[7] - The diluted earnings per share also reflected a decline of 288.89%, consistent with the drop in net profit attributable to shareholders[5] - Net profit for Q1 2025 was a loss of CNY 52,612,938.20, compared to a loss of CNY 19,907,954.44 in Q1 2024, indicating a significant increase in losses[17] - The company reported a significant increase in credit impairment losses, amounting to CNY 19,600,554.73 in Q1 2025, compared to CNY 2,201,238.50 in Q1 2024[17] Cash Flow and Financing - The cash flow from operating activities improved by 48.19%, amounting to -¥21,960,827.71 compared to -¥42,390,129.15 in the same period last year[4] - Cash inflow from financing activities in Q1 2025 was CNY 200,000,000.00, down from CNY 259,240,000.00 in Q1 2024[22] - The net cash flow from financing activities was 14,607,048.97, a decrease from 59,133,402.82 in the previous period, indicating a significant decline of approximately 75.3%[23] - The cash outflow from financing activities totaled 185,392,951.03, compared to 200,106,597.18 previously, indicating a reduction of approximately 7.3%[23] - The net increase in cash and cash equivalents was -71,903,553.43, compared to -96,934,232.98 in the previous period, showing an improvement in cash flow dynamics[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,376,466,240.17, a decrease of 1.69% from ¥9,537,614,783.48 at the end of the previous year[5] - The company's current assets decreased to CNY 3,032,655,709.15 from CNY 3,171,856,094.72, reflecting a reduction of about 4.39%[12] - The total liabilities decreased to CNY 2,754,599,492.86 from CNY 2,851,392,266.80, indicating a reduction of about 3.40%[13] - The company's short-term borrowings slightly decreased to CNY 493,018,037.18 from CNY 495,153,338.71, a change of about 0.43%[13] - The long-term borrowings increased to CNY 848,922,267.84 from CNY 811,751,720.94, reflecting an increase of approximately 4.57%[13] - The total cash and cash equivalents at the end of the period amounted to 1,187,061,682.16, down from 1,502,558,725.80, reflecting a decrease of about 21%[23] Shareholder Information - The top shareholder, Xinjiang Zhongxin Energy Mining Co., Ltd., holds 360,922,546 shares, accounting for 22.49% of the total shares[9] - Total equity attributable to shareholders was CNY 6,324,603,773.18, a slight decrease from CNY 6,390,635,773.62 in the previous period[14] Research and Development - Research and development expenses increased to CNY 11,795,270.72 in Q1 2025, up from CNY 4,700,516.72 in Q1 2024, reflecting a focus on innovation[17] - The company has not reported any new product developments or market expansion strategies in the current quarter[11] Accounting Standards - The company will not apply new accounting standards starting from 2025, which may impact future financial reporting[23]