Core Viewpoint - The company reported a significant decline in financial performance for the first quarter, primarily due to a substantial drop in product prices within the industry, particularly in the soda ash and nitrogen fertilizer sectors [9]. Financial Data Summary - The net accounts receivable at the end of the reporting period was 131.28 million yuan, a decrease of 23.89 million yuan, or 15.39%, compared to the beginning of the period [5]. - The balance of accounts payable was 481.31 million yuan, an increase of 64.29 million yuan, or 15.42%, compared to the beginning of the period [6]. - Operating revenue for the period was 1.77 billion yuan, a decrease of 204.76 million yuan, or 10.36%, compared to the same period last year [7]. - The net profit attributable to shareholders was 28.55 million yuan, a decrease of 213.96 million yuan, or 88.23%, compared to the same period last year [7]. - The net cash flow from operating activities was 143.68 million yuan, an increase of 116.95 million yuan, or 437.55%, compared to the same period last year [7]. - The net cash flow from investing activities was -447.32 million yuan, a decrease of 576.30 million yuan, or 446.80%, compared to the same period last year [8]. - The net cash flow from financing activities was -4.84 million yuan, an increase of 92.89 million yuan, or 95.05%, compared to the same period last year [8]. Operational Insights - The company noted that the decline in performance was influenced by the volatile nature of the industry, making it challenging to predict future market price trends [9]. - The company plans to conduct annual periodic maintenance in May and prepare for the commissioning of future projects [9].
江苏华昌化工股份有限公司