华菱精工(603356) - 2025 Q1 - 季度财报(更正)

Major Financial Data Major Accounting Data and Financial Indicators The company's Q1 2025 performance significantly declined, with operating revenue down 20.21% and net loss widening to CNY -21.58 million Q1 2025 Major Financial Data | Item | Current Period (CNY) | Prior Year Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 191,139,713.55 | 239,557,380.33 | -20.21 | | Net Profit Attributable to Shareholders (CNY) | -21,575,620.83 | -13,578,146.04 | Not Applicable | | Net Profit Attributable to Shareholders (Excl. Non-recurring) (CNY) | -21,163,429.07 | -15,629,724.57 | Not Applicable | | Net Cash Flow from Operating Activities (CNY) | 17,839,246.69 | -74,348,121.61 | Not Applicable | | Basic EPS (CNY/share) | -0.16 | -0.10 | Not Applicable | | Weighted Average ROE (%) | -4.61 | -2.04 | Decreased 2.57 percentage points | | Total Assets (CNY) | 1,418,362,363.85 | 1,433,143,569.57 (Prior Year End) | -1.03 | | Total Equity Attributable to Shareholders (CNY) | 433,391,390.27 | 450,197,016.63 (Prior Year End) | -3.73 | Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the period were CNY -0.41 million, primarily driven by CNY -0.97 million from fair value changes and disposal of financial assets/liabilities Details of Non-recurring Gains and Losses Items | Non-recurring Gains and Losses Item | Current Period Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 308,753.05 | | Government Grants Recognized in Current Profit/Loss | 222,563.19 | | Gains/Losses from Changes in Fair Value and Disposal of Financial Assets/Liabilities | -970,829.52 | | Other Non-operating Income and Expenses | 13,822.58 | | Income Tax Impact | -146,536.10 | | Impact on Minority Interests (After Tax) | 160,035.04 | | Total | -412,191.76 | Analysis of Changes in Major Financial Indicators The company's performance decline is primarily due to reduced elevator market orders impacting sales, prices, and gross margin, though operating cash flow significantly improved from negative to positive - The core reasons for the decline in operating revenue, widening net loss, and decrease in gross margin are the overall reduction in elevator market orders, leading to a decline in both product sales volume and prices[7] - Net cash flow from operating activities significantly improved from CNY -74.35 million in the prior year to CNY 17.84 million this year, primarily due to increased collection of receivables[7] Shareholder Information Shareholder Holdings As of period-end, the company had 10,233 common shareholders; top shareholders Huang Yehua (18.62%) and Jiedeng Zero Carbon (9.50%) had frozen shares, and the company's repurchase account held 4.78% - As of the end of the reporting period, the company had a total of 10,233 common shareholders[9] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | :--- | | Huang Yehua | Domestic Individual | 18.62 | Frozen | | Jiedeng Zero Carbon (Jiangsu) New Energy Technology Co., Ltd. | Domestic Non-state-owned Legal Person | 9.50 | Frozen | | Yuan Fumin | Domestic Individual | 3.73 | None | | Huang Chao | Domestic Individual | 2.90 | None | | Zheng Jianbo | Domestic Individual | 2.55 | None | | Shannan Yuntu Culture Media Co., Ltd. | Domestic Non-state-owned Legal Person | 2.34 | None | | Hu Muhua | Domestic Individual | 2.25 | None | | Tibet Xingrui Enterprise Management Service Co., Ltd. | Domestic Non-state-owned Legal Person | 1.74 | None | | He Kankan | Domestic Individual | 1.67 | None | | Hangzhou Xuanwu Investment Management Co., Ltd. - Xuanwu Stable No. 3 | Other | 1.64 | None | - Shareholders Huang Yehua and Huang Chao are father and son; Huang Yehua and Hu Muhua are parties acting in concert[10] - The company's dedicated share repurchase account holds 6,373,000 shares, accounting for 4.78% of the total share capital[10] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2025, total assets were CNY 1.42 billion (down 1.03%), total liabilities CNY 0.90 billion (up slightly), with increased borrowings and decreased payables Key Balance Sheet Items | Item | March 31, 2025 (CNY) | December 31, 2024 (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,418,362,363.85 | 1,433,143,569.57 | -1.03% | | Total Liabilities | 899,819,959.62 | 894,999,843.47 | +0.54% | | Total Equity Attributable to Parent Company Shareholders | 433,391,390.27 | 450,197,016.63 | -3.73% | - Short-term borrowings within current liabilities increased from CNY 165 million to CNY 226 million, and notes payable increased from CNY 11 million to CNY 55 million; long-term borrowings within non-current liabilities significantly increased from CNY 109 million to CNY 237 million[13][14] - Accounts payable decreased from CNY 249 million to CNY 197 million, and non-current liabilities due within one year significantly decreased from CNY 263 million to CNY 48 million[13][14] Consolidated Income Statement In Q1 2025, operating revenue was CNY 191 million (down 20.21%), leading to an operating loss of CNY -24.21 million and a net loss attributable to parent shareholders of CNY -21.58 million Key Income Statement Data | Item | Q1 2025 (CNY) | Q1 2024 (CNY) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 191,139,713.55 | 239,557,380.33 | -20.21% | | Total Operating Costs | 216,706,225.13 | 259,438,576.82 | -16.47% | | Operating Profit | -24,211,187.51 | -14,562,848.29 | Loss widened | | Net Profit Attributable to Parent Company Shareholders | -21,575,620.83 | -13,578,146.04 | Loss widened | | Basic EPS (CNY/share) | -0.16 | -0.10 | Loss widened | - Among various expenses, selling expenses decreased by 44.6% year-over-year, and both administrative and R&D expenses also saw varying degrees of decrease, but financial expenses increased by 5.3% year-over-year due to higher interest expenditures[16] Consolidated Cash Flow Statement Net cash flow from operating activities significantly improved to CNY 17.84 million from CNY -74.35 million last year, driven by strong sales collection, with period-end cash at CNY 119 million Key Cash Flow Statement Data | Item | Q1 2025 (CNY) | Q1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 17,839,246.69 | -74,348,121.61 | | Net Cash Flow from Investing Activities | -9,795,026.46 | -8,982,058.09 | | Net Cash Flow from Financing Activities | -863,889.95 | -2,200,359.32 | | Net Increase in Cash and Cash Equivalents | 7,180,330.28 | -85,530,539.02 | - Operating cash flow turned positive, primarily due to a significant decrease in cash paid for goods and services, and an increase in cash received related to other operating activities[21] - Regarding financing activities, the company obtained CNY 210 million in borrowings and repaid CNY 212 million in debt this period, resulting in financing cash inflows and outflows being largely balanced[22]