华昌化工(002274) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2025 was ¥1,668,773,418.59, a decrease of 18.20% compared to the same period last year, and year-to-date revenue was ¥4,885,430,039.23, down 22.13% year-on-year[5]. - The net profit attributable to shareholders for Q3 2025 was -¥19,389,895.26, a decline of 124.59%, while the year-to-date net profit was -¥8,465,573.66, down 101.60% compared to the previous year[5]. - The basic earnings per share for Q3 2025 was -¥0.0204, a decrease of 124.64% year-on-year, and the diluted earnings per share also stood at -¥0.0204, reflecting the same percentage decline[5]. - Total operating revenue for the period was CNY 4,885,430,039.23, a decrease of 22.1% compared to CNY 6,274,030,501.72 in the previous period[25]. - Net profit for the period was a loss of CNY 14,557,260.43, compared to a profit of CNY 521,189,067.67 in the previous period, indicating a significant decline[25]. - The total comprehensive income attributable to the parent company was -8,465,573.66 yuan, compared to 529,990,815.21 yuan in the previous period[27]. Cash Flow - The net cash flow from operating activities for Q3 2025 was -¥29,664,933.73, a significant drop of 109.37% compared to the same period last year[11]. - The company reported a net cash flow from investment activities of -¥49,126,550.00, a decrease of 507.11% year-on-year, primarily due to increased cash payments for fixed asset construction[12]. - The net cash flow from financing activities was -¥839,840.00, an increase of 98.50% compared to the previous year, indicating a reduction in debt repayment[13]. - The net cash flow from operating activities was -29,664,933.73 yuan, a significant decrease from 316,602,844.96 yuan in the previous period[28]. - The net cash flow from investing activities was -491,265,490.36 yuan, compared to a positive 120,672,473.67 yuan in the previous period[28]. - Cash flow from financing activities resulted in a net outflow of -8,398,352.52 yuan, compared to -558,455,182.47 yuan in the previous period[30]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,793,976,576.96, showing a slight decrease of 0.0001% from the end of the previous year[5]. - Current liabilities increased to CNY 2,255,504,167.26 from CNY 1,985,996,314.07, representing a rise of 13.5%[24]. - Non-current liabilities totaled CNY 57,611,970.58, up from CNY 26,559,792.88, marking a growth of 116.5%[24]. - The total equity attributable to shareholders was CNY 5,431,465,494.04, down from CNY 5,725,640,461.50, a decrease of 5.1%[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,718[14]. - The largest shareholder, Suzhou Warner Investment Co., Ltd., holds 28.88% of shares, totaling 275,059,519 shares[14]. - The second-largest shareholder, Jiangsu Huachang (Group) Co., Ltd., holds 11.99% of shares, totaling 114,209,198 shares, with 13,915,516 shares frozen[14]. Market and Pricing - The average selling price of urea decreased by 10.28% to 1,824.66 yuan/ton compared to the previous year[17]. - The average selling price of pure soda decreased by 31.01% to 1,149.05 yuan/ton compared to the previous year[17]. - The company plans to closely monitor market dynamics due to the low product prices in the industry[18]. - The company reported a significant decline in operating performance compared to the same period last year due to a substantial drop in product prices[16]. Research and Development - The company is preparing for trial production of a 300,000-ton polyol project and an ammonia synthesis technology upgrade project[17]. - Research and development expenses were CNY 61,190,338.83, slightly lower than CNY 63,971,601.19 in the previous period[25]. Tax and Refunds - The company received 73,858,686.04 yuan in tax refunds, significantly higher than 11,482,696.12 yuan in the previous period[28].