百济神州有限公司2025 年第一季度报告 证券代码：688235 证券简称：百济神州 百济神州有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：千元 币种：人民币 (二)非经常性损益项目和金额 √适用 □不适用 单位:千元 币种:人民币 | 非经常性损益项目 | 本期金额 | | --- | --- | | 非流动性资产处置损益，包括已计提资产减值准备的冲销部分 | -21 | | 计入当期损益的政府补助，但与公司正常经营业务密切相关、符 | | | 合国家政策规定、按照确定的标准享有、对公司损益产生持续影 | 73,557 | | 响的政府补 ...

Financial Performance - The company's operating revenue for 2024 was CNY 2,514,331,815.74, a decrease of 10.08% compared to 2023[20]. - Net profit attributable to shareholders was CNY 8,165,199.49, a significant recovery from a loss of CNY 34,686,272.87 in 2023[20]. - The basic earnings per share for 2024 was CNY 0.04, compared to a loss of CNY 0.17 in 2023[21]. - The weighted average return on equity increased to 0.76% in 2024, up 3.89 percentage points from -3.13% in 2023[21]. - Cash flow from operating activities decreased by 49.04% to CNY 101,170,466.11 due to an increase in inventory[20][23]. - The total assets at the end of 2024 were CNY 2,177,193,848.09, a slight decrease of 0.77% from 2023[20]. - The net assets attributable to shareholders increased by 1.14% to CNY 1,077,868,550.26 at the end of 2024[20]. - The company's operating revenue for the current period is CNY 2,514,331,815.74, a decrease of 10.08% compared to the same period last year[111]. - Operating costs decreased by 11.79% to CNY 2,338,547,234.10, resulting in a net cash flow from operating activities of CNY 101,170,466.11, down 49.04% year-on-year[111]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, totaling 20,000,000.00 yuan (including tax) based on a total share capital of 200 million shares as of December 31, 2024[5]. - The total number of shares held by the current directors and senior management at the end of the reporting period is 21,882,333 shares, unchanged from the beginning of the year[184]. - The total pre-tax remuneration for the directors and senior management during the reporting period amounts to 850.87 million CNY[184]. - The company has approved its 2023 annual financial budget and profit distribution plan during the shareholders' meeting[182]. - The company plans to conduct financial derivative transactions and has approved a comprehensive credit application with banks[182]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshun Zhonghuan Accounting Firm[4]. - There are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees[7]. - The company has established a structured governance framework in compliance with relevant laws and regulations, ensuring effective management and oversight[178]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[179]. Market and Industry Trends - The company reported a significant increase in export business, contributing to improved profitability[21]. - The decline in prices of key feed raw materials, such as soybean meal and corn, led to reduced breeding costs[23]. - The white feather chicken industry in China is the third largest globally, with a projected poultry production of 26.6 million tons in 2024, growing by 3.8% year-on-year, and a slaughter volume of 8.646 billion chickens, up by 2.57%[57][58]. - The industry is transitioning from rapid expansion to a consolidation phase, with a notable slowdown in slaughter growth from 10.03% in 2023 to 2.57% in 2024, indicating a potential turning point[58]. - Consumer demand for high-protein, low-fat chicken is rising, driven by health trends, while technological advancements in breeding and farming are enhancing production efficiency[62]. Product Development and Innovation - In 2024, the company launched nine new products, further enhancing its product matrix and core competitiveness, with the "Shengjian Chicken Breast Strips" becoming a category sales champion on JD.com[39]. - The company is focusing on product innovation and brand building, with plans to launch a new sausage product in Q2 2025, targeting annual sales of over 50,000 tons within three years[150]. - The company aims to explore new product development in seafood, other meats, plant proteins, and functional foods to increase competitiveness in the food sector[148]. - The company is implementing an "Information and Intelligent Construction Project" to enhance production efficiency and reduce costs, which will significantly improve decision-making accuracy and market competitiveness[147]. Sustainability and Safety - The company supports the new regulations on pre-prepared food safety issued by six national departments, aiming to enhance food safety standards and contribute to high-quality industry development[46]. - The company has established a comprehensive food safety management system, achieving multiple certifications including ISO9001 and HACCP[100]. - The company has invested ¥3.1 million annually in food safety, with a dedicated team of 105 personnel[102]. - The company is committed to maintaining high standards for both domestic and export products, ensuring consistent quality across all production lines[151]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[185]. Research and Development - The company operates three R&D centers located in Yantai, Qingdao, and Shanghai, focusing on independent, customized, and joint R&D models[98]. - Research and development expenses increased by 22.66% to CNY 11,118,486.76 due to enhanced investment in R&D and recruitment of talent[111]. - The company has established a performance assessment system to evaluate the remuneration of directors and senior management[192]. - The company is enhancing its core technology capabilities by collaborating with domestic universities to develop key technologies, including automation in pre-cooked dish production[156]. Strategic Planning and Future Outlook - The company plans to reach a batch inventory of 16 million chickens and an annual output of 100 million chickens by the end of 2025[65]. - The company aims to enhance its market position through technological innovation, resource integration, and quality upgrades in response to market challenges[139]. - The company plans to invest a total of RMB 116.65 million in 2025, including RMB 30.15 million for expanding its contracted breeding base to 16 million chickens by the end of 2025[153]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[186]. - The company is committed to reducing overall breeding costs by optimizing raw material procurement and improving breeding efficiency[162].

Financial Performance - In 2024, the company achieved operating revenue of CNY 14,188,216,938.96, a year-on-year increase of 3.19%[25]. - The net profit attributable to shareholders decreased by 19.41% to CNY 2,767,465,580.96 due to industry restructuring and weak consumer demand[25]. - The net assets attributable to shareholders at the end of 2024 were CNY 41,199,968,953.69, reflecting a growth of 5.06% compared to the previous year[25]. - The company's asset-liability ratio improved to 41.95%, a decrease of 9.02 percentage points from the beginning of the year[35]. - The basic earnings per share for 2024 were CNY 0.60, down 20.00% from CNY 0.75 in 2023[26]. - The cash flow from operating activities saw a significant decline of 76.37%, primarily due to a lack of new real estate projects and reduced cash receipts from sales[26]. - The weighted average return on equity decreased to 6.83%, down 2.08 percentage points from the previous year[26]. - The company reported a total asset value of CNY 71,389,352,770.85, a decrease of 11.33% compared to the previous year[25]. - Non-recurring gains and losses for 2024 totaled CNY 64,330,852.21, significantly lower than CNY 248,731,314.58 in 2023[31]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.20 per share, totaling RMB 924,688,380.40, which represents 83.53% of the net profit attributable to shareholders for the year[8]. - Youngor will implement three interim dividend distributions in 2025 based on the first three quarters' profits and performance[9]. - The cumulative cash dividend over the last three accounting years amounts to 6,935,187,853.00 RMB, with a cash dividend ratio of 185.51% relative to the average net profit during that period[155]. - The proposed cash dividend for the entire year of 2024 is 2.00 RMB per 10 shares, amounting to 924,688,380.40 RMB, which represents 83.53% of the net profit for that year[150]. Business Strategy and Focus - In 2024, Youngor Fashion Co., Ltd. exited the real estate industry, focusing entirely on the fashion sector, with a commitment to enhancing brand value and expanding introduced brands[3]. - Youngor aims to develop a new five-year plan in 2025, continuing its steady progress towards the fashion industry despite current economic challenges[3]. - Youngor is committed to digital transformation to enhance traditional industries and ensure comprehensive business continuity[3]. - The company emphasizes its dedication to providing quality services, enhancing development potential, and maximizing shareholder returns[3]. - Youngor's strategic focus is on overcoming current difficulties and pursuing growth opportunities in the fashion market[3]. - The company continues to focus on innovation and supply chain advantages to maintain its leading position in the business men's clothing industry[46]. - The company is focusing on upgrading its channel strategy and exploring new business models to adapt to changing consumer environments[57]. - The company is committed to expanding its market share through a multi-brand layout and innovative sales models[113]. Operational Highlights - The fashion segment reported operating revenue of CNY 679,905.20 million, with a net profit of CNY 43,115.26 million, both showing declines of 6.94% and 43.90% respectively[36]. - The main brand YOUNGOR achieved an annual revenue of 5,186.70 million yuan, accounting for 90.46% of the total revenue, focusing on business and outdoor leisure products[37]. - The subsidiary brands generated a total revenue of 547.08 million yuan, representing a year-on-year growth of 29.91%[37]. - The joint brand HELLY HANSEN experienced a sales growth rate of 116% due to the high demand in outdoor and sports segments[37]. - The number of self-operated stores increased to 1,777, with an additional 46 stores opened during the reporting period, and the total retail area expanded by 48,800 square meters[38]. Corporate Governance - The company has established independent procurement, production, and sales systems, ensuring no reliance on the controlling shareholder[124]. - The company has independent financial management, with a separate accounting system and independent bank accounts, ensuring no interference from the controlling shareholder[125]. - The company has a complete and independent organizational structure, with clear responsibilities for the board of directors and supervisory board[125]. - The company has not experienced any insider information leaks during the reporting period[124]. - The company has no significant differences in governance compared to regulations set by the China Securities Regulatory Commission[124]. Environmental and Social Responsibility - The company invested 2.89 million yuan in environmental protection during the reporting period[161]. - The company has a wastewater treatment facility with a daily capacity of 1,000 tons, achieving compliance with the relevant pollution discharge standards[163]. - The company reduced carbon emissions by 151 tons through various measures, including upgrading equipment and improving energy efficiency[168]. - Total donations and public welfare project investments amounted to 45.19 million yuan, benefiting 200,000 people[169]. Employee and Talent Management - The company emphasizes the importance of talent cultivation and retention to support business expansion and performance[113]. - A multi-tiered training system is in place to enhance employee capabilities, including specialized courses for middle and senior management[145]. - The company has established a "Young Cadre Reserve Program" to accelerate the growth of high-potential employees through rotation and project practice[146]. - The total number of employees in the parent company is 287, while the main subsidiaries employ 18,004, resulting in a total of 18,291 employees[143]. Audit and Compliance - The company has established a comprehensive internal control system that meets regulatory requirements, ensuring effective management and protection of shareholder interests[157]. - The internal control audit report issued by the accounting firm was a standard unqualified opinion[159]. - The company has made continuous improvements to its internal control system, ensuring compliance with laws and regulations[158]. - The company appointed Lixin Certified Public Accountants (Special General Partnership) as its domestic auditing firm, with a total audit fee of RMB 2.1 million for the reporting period, including RMB 1.8 million for financial audit and RMB 0.3 million for internal control audit[173].

Financial Performance - In Q1 2025, the company achieved a revenue of $2.247 billion, representing a quarter-over-quarter increase of 1.8%[5] - Year-over-year revenue growth was 29.4%, with total revenue reaching ¥16.301 billion in Q1 2025[9] - Net profit attributable to shareholders increased by 166.5% year-over-year, amounting to ¥1.356 billion[9] - Operating profit for Q1 2025 was RMB 2,479,469 thousand, compared to RMB 528,107 thousand in Q1 2024, reflecting a significant improvement[29] - Net profit for Q1 2025 was RMB 2,320,915 thousand, up from RMB 450,160 thousand in Q1 2024, indicating a strong growth trajectory[29] - The total comprehensive income for Q1 2025 reached CNY 2,010,509 thousand, compared to CNY 138,368 thousand in Q1 2024, showing a substantial increase[30] - The basic and diluted earnings per share for Q1 2025 were both CNY 0.17, compared to CNY 0.06 in Q1 2024, reflecting a 183% increase[30] Cost and Expenses - R&D expenses totaled ¥1.068 billion, a decrease of 20% compared to the same period last year, representing 6.6% of revenue[9] - Research and development expenses for Q1 2025 were RMB 1,068,417 thousand, slightly lower than RMB 1,335,715 thousand in Q1 2024, reflecting a strategic focus on cost management[29] Cash Flow - Cash flow from operating activities for Q1 2025 was a net outflow of CNY 1,171,520 thousand, a decline from a net inflow of CNY 3,566,576 thousand in Q1 2024[32] - Cash flow from investing activities resulted in a net outflow of CNY 9,093,038 thousand in Q1 2025, slightly improved from a net outflow of CNY 9,270,319 thousand in Q1 2024[33] - Cash flow from financing activities showed a net outflow of CNY 2,947,079 thousand in Q1 2025, compared to a net outflow of CNY 1,597,828 thousand in Q1 2024[33] - The cash and cash equivalents at the end of Q1 2025 were CNY 32,915,149 thousand, down from CNY 37,945,617 thousand at the end of Q1 2024[33] - The company reported a decrease in cash inflow from operating activities, totaling CNY 13,605,786 thousand in Q1 2025, compared to CNY 15,894,513 thousand in Q1 2024[32] Assets and Liabilities - Total assets as of March 31, 2025, were RMB 344,161,271 thousand, a decrease from RMB 353,415,296 thousand as of December 31, 2024[26] - Current assets decreased to RMB 92,038,366 thousand from RMB 106,278,648 thousand, primarily due to a reduction in cash and cash equivalents[25] - Total liabilities decreased to RMB 112,929,820 thousand from RMB 124,307,508 thousand, showing a reduction in financial obligations[27] - The company reported a significant increase in accounts receivable, which rose to RMB 5,283,582 thousand from RMB 2,922,670 thousand, indicating improved sales performance[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 257,979, with 247,241 from A-shares and 10,738 from Hong Kong stocks[20] - The company has issued a total of 7,981,802,488 shares, with 5,993,443,359 shares listed on the Hong Kong Stock Exchange, accounting for approximately 75.1% of the total share capital[21] - HKSCC NOMINEES LIMITED holds 4,314,367,857 shares, representing 54.05% of the total shares[20] - The company has a significant foreign shareholder presence, with major holdings from entities such as 大唐控股（香港）投资有限公司 and 鑫芯（香港）投资有限公司[20] Future Outlook - The company expects Q2 2025 revenue to decline by 4% to 6%, with a gross margin guidance of 18% to 20%[6] - The company’s financial performance reflects a strong recovery compared to the previous year, indicating positive market trends and operational efficiency[17] Miscellaneous - The company recognized non-recurring gains and losses totaling CNY 186,376,000, which includes government subsidies of CNY 261,547,000[14] - The company reported a loss of CNY 9,688,000 from the fair value changes of financial assets held by joint ventures and associates[15] - The company has recognized a government subsidy that has a continuous impact on its profits, which is in line with national policy regulations[14] - The company has not executed any mergers or acquisitions during the reporting period, with no net profit reported from merged entities[30]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 566,157,693.15, representing a 46.00% increase compared to CNY 387,780,236.71 in the same period last year[5] - Net profit attributable to shareholders reached CNY 295,620,962.49, a significant increase of 147.24% from CNY 119,567,040.11 year-on-year[5] - Basic and diluted earnings per share both doubled to CNY 0.06, up 100.00% from CNY 0.03 in the previous year[6] - The company's net profit for Q1 2025 was not disclosed, but the retained earnings increased to CNY 3.13 billion from CNY 2.84 billion, showing an increase of about 10.2%[17] - Net profit for Q1 2025 was ¥294.27 million, a 145% increase compared to ¥120.20 million in Q1 2024[19] - The company reported a total comprehensive income of ¥343.16 million in Q1 2025, compared to ¥293.80 million in Q1 2024, reflecting an increase of 17%[20] Asset and Liability Management - Total assets decreased by 12.87% to CNY 51,466,844,454.79 from CNY 59,070,725,888.07 at the end of the previous year[6] - The total assets of Hongta Securities amounted to CNY 51.47 billion, a decrease from CNY 59.07 billion at the end of 2024, representing a decline of approximately 12.6%[15] - The total liabilities decreased to CNY 26.46 billion from CNY 34.41 billion, indicating a reduction of approximately 23.2%[16] - The net capital to total liabilities ratio improved to 107.00%, up from 76.58% at the end of the previous year[7] - The company's cash and cash equivalents increased to CNY 7.26 billion from CNY 7.12 billion, reflecting a growth of about 1.9%[15] Cash Flow Analysis - The company reported a net cash flow from operating activities of CNY 330,094,364.62, a slight decrease of 1.63% from CNY 335,549,013.31 in the previous year[5] - Cash flow from operating activities generated a net inflow of ¥330.09 million in Q1 2025, slightly down from ¥335.55 million in Q1 2024[23] - Cash flow from investing activities showed a net outflow of ¥3.21 million in Q1 2025, an improvement from a net outflow of ¥7.90 million in Q1 2024[23] - Cash flow from financing activities resulted in a net outflow of ¥191.02 million in Q1 2025, compared to a net outflow of ¥582.52 million in Q1 2024, indicating a reduction in cash outflow[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 84,337[10] - The top three shareholders held a combined 62.20% of the total shares, with Yunnan Hehe (Group) Co., Ltd. holding 30.17%[10] Operational Insights - The company is focusing on market expansion strategies, although specific details were not disclosed in the report[15] - The company has not reported any new product launches or technological advancements during this period[15] - The company is involved in ongoing litigation related to stock pledge disputes, which may impact future financial performance[13] Investment and Income - Investment income surged to ¥359.92 million in Q1 2025, up from ¥121.31 million in Q1 2024, marking an increase of 196%[18] - Net interest income decreased to ¥79.51 million in Q1 2025 from ¥105.47 million in Q1 2024, reflecting a decline of approximately 25%[18] - Total operating expenses decreased to ¥182.55 million in Q1 2025, down 24% from ¥239.32 million in Q1 2024[19] Other Financial Metrics - The weighted average return on equity improved to 1.20%, an increase of 0.69 percentage points compared to 0.51% last year[6] - Non-recurring gains and losses amounted to CNY 603,774.93 after tax adjustments[7] - The company's short-term financing payables rose to CNY 4.03 billion from CNY 3.06 billion, marking an increase of approximately 31.7%[16] - The trading financial assets decreased significantly to CNY 11.98 billion from CNY 15.96 billion, a decline of about 25.0%[16]

Financial Performance - In Q1 2025, Hua Hong Semiconductor reported sales revenue of $541 million, with a gross margin of 9.2%, consistent with guidance[5]. - Year-on-year revenue increased by 18.66% to approximately ¥3.91 billion, while net profit attributable to shareholders decreased by 89.73% to ¥22.76 million[7]. - The company expects Q2 2025 revenue to be between $550 million and $570 million, with a gross margin of 7% to 9%[6]. - Total operating revenue for Q1 2025 reached ¥3,912,539,839.26, an increase of 18.6% compared to ¥3,297,290,706.10 in Q1 2024[22]. - Total operating costs for Q1 2025 were ¥4,091,413,303.52, up 19.6% from ¥3,421,518,255.02 in Q1 2024[22]. - Net loss for Q1 2025 was ¥378,407,855.01, compared to a net loss of ¥183,598,290.08 in Q1 2024, indicating a significant increase in losses[23]. - The company recorded a comprehensive loss of ¥383,269,121.78 for Q1 2025, compared to a comprehensive loss of ¥172,727,803.40 in Q1 2024[23]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.01, down from ¥0.13 in Q1 2024[23]. Research and Development - R&D investment totaled ¥477 million, representing 12.19% of revenue, an increase of 1.64 percentage points compared to the previous year[7]. - Research and development expenses rose to ¥476,678,653.06 in Q1 2025, up 38.1% from ¥345,066,946.58 in Q1 2024[22]. - The company plans to accelerate effective capacity expansion and enhance R&D capabilities in response to market uncertainties[5]. Cash Flow and Investments - The cash flow from operating activities decreased by 18.57% to ¥361 million compared to the same period last year[7]. - In Q1 2025, the cash inflow from operating activities was CNY 4,248,064,923.56, an increase of 14.85% compared to CNY 3,699,864,220.09 in Q1 2024[25]. - The net cash flow from operating activities decreased to CNY 361,199,684.00 in Q1 2025 from CNY 443,549,494.96 in Q1 2024, representing a decline of 18.56%[25]. - The cash outflow for investing activities was CNY 3,664,238,868.66 in Q1 2025, up from CNY 2,282,467,996.60 in Q1 2024, indicating a significant increase of 60.58%[26]. - The net cash flow from investing activities was negative at CNY -3,545,424,314.19 in Q1 2025, compared to CNY -2,281,904,301.60 in Q1 2024[26]. - Cash inflow from financing activities totaled CNY 6,274,192,865.02 in Q1 2025, compared to CNY 5,630,584,975.53 in Q1 2024, marking an increase of 11.45%[26]. - The net cash flow from financing activities decreased significantly to CNY 424,505,323.03 in Q1 2025 from CNY 5,609,718,603.99 in Q1 2024, a drop of 92.43%[26]. - The ending cash and cash equivalents balance was CNY 29,286,591,307.43 at the end of Q1 2025, down from CNY 43,336,164,205.65 at the end of Q1 2024, a decrease of 32.4%[26]. - The company received CNY 118,760,569.47 in investment income in Q1 2025, while there was no such income reported in Q1 2024[25]. - The cash outflow for employee compensation was CNY 960,759,545.89 in Q1 2025, an increase from CNY 876,079,458.32 in Q1 2024, reflecting a rise of 9.63%[25]. - The cash inflow from sales of goods and services was CNY 4,230,680,165.91 in Q1 2025, compared to CNY 3,471,401,563.01 in Q1 2024, representing an increase of 21.9%[25]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥86.89 billion, a decrease of 1.19% from the previous year[7]. - As of March 31, 2025, the total current assets amounted to ¥39,593,169,875.67, a decrease from ¥41,926,361,510.10 as of December 31, 2024, reflecting a decline of approximately 5.56%[18]. - The company's cash and cash equivalents decreased to ¥29,720,961,129.09 from ¥32,494,785,434.49, representing a decline of about 8.67%[18]. - Accounts receivable increased to ¥1,740,111,204.01 from ¥1,661,798,449.47, showing a growth of approximately 4.73%[18]. - Total non-current assets rose to ¥47,295,864,738.11 from ¥46,008,869,965.47, indicating an increase of about 2.79%[19]. - The total assets of the company decreased to ¥86,889,034,613.78 from ¥87,935,231,475.57, reflecting a decline of approximately 1.19%[19]. - Accounts payable decreased to ¥1,905,536,431.47 from ¥2,191,483,910.32, a reduction of about 13.06%[19]. - The company's total liabilities decreased to ¥39,198,000,000.00, down from ¥40,000,000,000.00, indicating a decrease of approximately 2.01%[19]. - The company reported a total liability of ¥24,449,829,677.04 as of the latest reporting period, a decrease of 3.0% from ¥25,214,682,518.85[20]. - Total equity attributable to shareholders increased slightly to ¥43,722,159,439.38 from ¥43,602,332,245.07, reflecting a growth of 0.3%[20]. - The company’s long-term borrowings stood at ¥13,986,068,821.97, an increase from ¥13,781,850,630.90 in the previous year[20]. - The total assets amounted to ¥86,889,034,613.78, a decrease from ¥87,935,231,475.57, indicating a reduction in asset base[20]. Shareholder Activity - Hua Hong Semiconductor's indirect controlling shareholder increased its stake by acquiring 1,198,517 A-shares[13]. - The company has not reported any significant changes in shareholder structure or participation in margin trading activities during the reporting period[17].

浙江云中马股份有限公司2025 年第一季度报告 证券代码：603130 证券简称：云中马 浙江云中马股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | | | | 增减变动幅度(%) | | 营业收入 | 585,831,612.31 | 547,284,025.34 | 7.04 | | 归属于上市公司股东的净利 | 10,348,890.22 | 24,118,671.72 | -57.09 ...

新疆青松建材化工（集团）股份有限公司2025 年第一季度报告 证券代码：600425 证券简称：青松建化 新疆青松建材化工（集团）股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信 息的真实、准确、完整。 第一季度财务报表是否经审计 □是√否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期 增减变动幅度(%) | | --- | --- | --- | --- | | 营业收入 | 437,740,645.51 | 491,447,052.38 | -10.93 | | 归属于上市公司股东的净 利润 | -55,531,028.98 | -14,014,999.1 ...

中亿丰罗普斯金材料科技股份有限公司 2025 年第一季度报告 证券代码：002333 证券简称：罗普斯金 公告编号：2025-034 中亿丰罗普斯金材料科技股份有限公司 2025 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经审计 □是 否 1 中亿丰罗普斯金材料科技股份有限公司 2025 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 380,168,201.45 | 328,103,665.10 | 15.87 ...

Financial Performance - The company reported a significant loss primarily due to the completion of the nickel power project, high labor costs, and substantial credit impairment losses[9]. - The company's operating revenue for 2024 was RMB 136,704,332.52, a decrease of 70.21% compared to RMB 458,970,054.70 in 2023[24]. - The net profit attributable to shareholders for 2024 was a loss of RMB 310,302,902.32, an improvement of 73.24% from a loss of RMB 1,159,789,902.43 in 2023[24]. - The net cash flow from operating activities for 2024 was a negative RMB 310,585,991.08, which is a 42.43% improvement from a negative RMB 539,471,919.78 in 2023[24]. - The total assets at the end of 2024 were RMB 2,630,989,470.69, down 17.35% from RMB 3,183,136,593.85 at the end of 2023[24]. - The net assets attributable to shareholders improved to RMB 172,606,117.05 in 2024, a 147.26% increase from a negative RMB 365,214,431.69 in 2023[24]. - The basic earnings per share for 2024 was -0.4140, an improvement of 73.29% from -1.55 in 2023[24]. - The company reported a quarterly revenue of RMB 46,424,523.30 in Q4 2024, showing a sequential increase from RMB 40,741,591.95 in Q3 2024[26]. - The company incurred a net loss of RMB 178,299,084.41 in Q4 2024, which is a decrease from the loss of RMB 156,648,206.71 in Q3 2024[26]. - The company’s revenue after deducting non-operating income for 2024 was RMB 133,018,675.10, compared to RMB 444,442,022.42 in 2023[24]. Internal Control and Governance - The company has faced a denial opinion in its internal control audit, primarily due to the loss of control over BMU company, which is attributed to ATKP's unilateral breach of contract[8]. - The company’s financial statements received a qualified audit opinion, indicating significant uncertainties regarding its ability to continue as a going concern[11]. - The company emphasizes that its strategic plans and operational goals do not constitute a profit forecast for 2025, highlighting the uncertainty of achieving these targets[9]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits over the last three accounting years[24]. - The company has established a comprehensive internal control system to ensure compliance with laws and regulations, enhancing operational management and risk control[112]. - The board of directors expressed dissent regarding the adequacy of evidence for accounting adjustments related to significant errors from the previous year, emphasizing the need for complete third-party legal opinions to ensure accuracy[137]. - The audit committee held five meetings during the reporting period, with significant dissent regarding the hiring of a specific auditing firm due to concerns over independence and fairness[139]. - The board emphasized the importance of transparency, prudence, and compliance with accounting standards and legal regulations in decision-making processes[137]. - The company has revised its internal control systems to enhance risk management and operational efficiency[148]. - The internal control audit report issued a negative opinion due to significant defects in internal control, particularly regarding the management of the Indonesian subsidiary[153]. Legal Matters and Investigations - The company has received a notice of investigation from the China Securities Regulatory Commission for suspected violations of information disclosure laws[11]. - The company reported a litigation case involving Shanghai Zhongfu Special Oil Co., with a disputed amount of 1.1422 million yuan, which is currently under review by the court[183]. - Another litigation case involves China Power Construction Group Jiangxi Electric Power Construction Co., with a disputed amount of 6.556 million yuan, currently in the first instance trial[183]. - The company is currently executing a civil mediation agreement related to a contract dispute, with a total of 1,087.81 million yuan involved[185]. - The company is actively engaging in legal resolutions to streamline operations and mitigate financial liabilities[185][186]. - The company is currently involved in a contract dispute case with an amount of 277.22 million, which is under mediation and awaiting court confirmation[190]. - The company has reported that several cases have been settled, including one with a total of 10 million, which was withdrawn by the plaintiff on February 25, 2025[190]. - The company is working on fulfilling its obligations from various legal disputes while maintaining compliance with regulatory investigations[195]. Strategic Plans and Market Expansion - The company is actively pursuing overseas EPC contracting projects, leveraging its strengths in integrated industrial park and power construction[41]. - The company plans to strengthen strategic collaboration with its largest shareholder, Chengtou Group, to support overseas project development[47]. - The company aims to leverage the Belt and Road Initiative to enhance its overseas business opportunities, particularly in Southeast Asia[84]. - The company is focused on matching foreign currency income with expenses to minimize exchange rate fluctuation risks[99]. - The company is committed to improving internal controls and risk management to ensure efficient operations and safeguard against management risks[93]. - The company is expanding its industrial park services, providing comprehensive support including utilities and policy consulting to attract more enterprises[33]. - The company is preparing for further exploration of coal resources in Indonesia, with ongoing efforts to obtain necessary permits[43]. - The company is focused on ensuring the fulfillment of contracts and maintaining normal operations despite challenges[57]. - The company plans to expand its domestic and international engineering contracting business, leveraging existing project resources and technical advantages in the renewable energy and construction sectors[90]. Shareholder and Board Activities - The company has a total of 11 board members, including 4 independent directors, ensuring a fair and transparent selection process[106]. - The annual shareholders' meeting had a participation rate of 52.72%[115]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, and operations[113]. - The company has a governance structure in place with a clear distinction of voting rights among shareholders[117]. - The company has a diverse board with members of varying ages and backgrounds, contributing to a well-rounded governance approach[117]. - The company is preparing for future growth with a strategic focus on leadership stability and governance integrity[119]. - The company has implemented a performance evaluation and incentive system linking management compensation to business performance[110]. - The company has established partnerships with local law firms to mitigate legal risks in overseas projects[98]. - The company has a total of 8,499 shares held by the board members, indicating a strong alignment with shareholder interests[119]. Operational Challenges and Risk Management - The company has identified risks related to high interest-bearing liabilities and the inability to recover receivables in a timely manner, impacting financial performance[9]. - The company recognizes risks associated with changes in the overseas investment environment, particularly in Indonesia, and is taking measures to mitigate these risks[95]. - The company is committed to cost reduction and efficiency improvement through various management strategies[177]. - The company aims to enhance its operational capabilities by focusing on its core business and increasing investment attraction efforts[176]. - The company is focused on sustainable development and resource efficiency in response to the global demand for strategic resources like nickel and coal[84]. - The company is actively managing its litigation portfolio, with multiple cases in various stages of resolution, including settlements and ongoing mediations[190]. Related Party Transactions - The company reported a significant increase in related party transactions, with a total amount of 3,405 million yuan in 2023[198]. - The fair market price for the related party transactions in 2023 was set at 3,405 million yuan, reflecting a substantial engagement in business activities[198]. - The company has maintained a consistent approach to pricing, with a market share of 5% or more in its related party transactions[198]. - The company’s related party transactions have been disclosed in accordance with regulatory requirements, ensuring transparency[198]. - The company has established a strong foundation for future growth through strategic partnerships and related party agreements[198]. Future Outlook - The company plans to expand its market presence by increasing its shareholding in PT.Me by 5%[199]. - Future guidance indicates a projected revenue growth of 10% for the upcoming fiscal year[199]. - The company is exploring strategic acquisitions to bolster its market position and technological capabilities[199]. - The company is committed to sustainability initiatives, aiming to reduce operational costs and improve environmental impact through innovative practices[200].