华鲁恒升(600426) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 7,771,601,919.12, a decrease of 2.59% compared to CNY 7,978,040,671.96 in the same period last year[3] - Net profit attributable to shareholders decreased by 33.65% to CNY 706,862,256.32 from CNY 1,065,362,337.51 year-on-year[3] - The basic earnings per share fell by 33.47% to CNY 0.334 from CNY 0.502 in the previous year[3] - Total revenue for Q1 2025 was ¥7,771,601,919.12, a decrease of 2.6% compared to ¥7,978,040,671.96 in Q1 2024[16] - Net profit for Q1 2025 was ¥772,522,045.53, down 32.0% from ¥1,136,659,292.60 in Q1 2024[17] - Operating profit for Q1 2025 was ¥943,071,955.62, a decline of 31.1% compared to ¥1,369,736,191.09 in Q1 2024[17] - Total comprehensive income for the period attributable to the parent company was CNY 706,862,256.32, a decrease from CNY 1,065,362,337.51 in the previous period[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 930,375,592.80, down 17.72% from CNY 1,130,744,553.55 in the same period last year[3] - Cash inflow from operating activities totaled CNY 7,312,290,474.31, while cash outflow was CNY 6,381,914,881.51, resulting in a net cash flow of CNY 930,375,592.80[20] - Cash and cash equivalents at the end of the period amounted to CNY 2,011,009,566.94, down from CNY 2,129,430,947.68 at the end of the previous period[20] - Cash inflow from financing activities was CNY 1,323,710,903.08, significantly higher than CNY 504,437,892.33 in the previous year[20] - Net cash flow from investing activities was negative at CNY -1,213,527,168.24, compared to CNY -1,359,810,115.92 in the same period last year[20] Assets and Liabilities - Total assets increased by 3.02% to CNY 48,066,797,686.34 from CNY 46,657,911,907.48 at the end of the previous year[3] - Total current assets reached ¥8,252,238,852.93 as of March 31, 2025, a rise of 11.9% from ¥7,374,489,438.90 as of December 31, 2024[11] - Total liabilities increased to ¥14,454,095,417.01 as of March 31, 2025, compared to ¥13,830,138,622.56 as of December 31, 2024[13] - Shareholders' equity totaled ¥33,612,702,269.33 as of March 31, 2025, an increase from ¥32,827,773,284.92 as of December 31, 2024[13] Shareholder Information - The total number of common shareholders at the end of the reporting period was 62,150[7] - The largest shareholder, Shandong Hualu Hengsheng Group Co., Ltd., held 32.08% of the shares, totaling 681,061,374 shares[7] Expenses and R&D - Total operating costs increased to ¥6,865,841,946.01 in Q1 2025, up 4.4% from ¥6,574,462,417.52 in Q1 2024[16] - Research and development expenses rose to ¥162,842,945.03 in Q1 2025, an increase of 32.9% from ¥122,529,471.30 in Q1 2024[17] Other Financial Metrics - The weighted average return on equity decreased by 1.37 percentage points to 2.25% from 3.62% year-on-year[3] - The decrease in net profit was primarily due to lower product prices during the reporting period[5] - The company reported non-recurring gains of CNY 3,748,298.81, including government subsidies and other income[4] - The company experienced a foreign exchange gain of CNY 4,635,530.02 during the period, compared to CNY 3,433,184.60 in the previous year[20] - The net profit of the merged entity prior to consolidation was CNY 218,865,964.02, down from CNY 237,656,516.98 in the previous period[18]