郑州煤电(600121) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥966,707,314.37, a decrease of 15.05% compared to ¥1,138,010,466.81 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥60,200,937.40, representing a decline of 277.98% from a profit of ¥33,825,037.29 in the previous year[5] - The basic earnings per share were -¥0.0494, down 277.70% from ¥0.0278 in the same period last year[5] - The weighted average return on equity decreased by 5.32 percentage points to -3.25% from 2.07%[5] - Net profit for Q1 2025 was -¥13,794,497.65, compared to a net profit of ¥76,350,077.97 in Q1 2024, indicating a significant decline[21] - Earnings per share for Q1 2025 was -¥0.0494, compared to ¥0.0278 in Q1 2024, indicating a negative shift in profitability[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,262,132,061.45, an increase of 2.14% from ¥13,963,701,953.71 at the end of the previous year[6] - The total liabilities increased to ¥11,105,573,944.16 in Q1 2025 from ¥10,802,050,932.15 in Q1 2024, showing a rise of approximately 2.81%[17] - The total equity attributable to shareholders decreased to ¥1,827,466,732.74 in Q1 2025 from ¥1,878,560,316.92 in Q1 2024, a decline of about 2.71%[17] - The total current assets as of March 31, 2025, amounted to CNY 4,619,605,260.14, an increase from CNY 4,379,390,444.70 as of December 31, 2024, representing a growth of approximately 5.5%[15] - Total non-current assets reached CNY 9,642,526,801.31, up from CNY 9,584,311,509.01, showing a growth of around 0.6%[16] - The total assets of the company increased to CNY 14,262,132,061.45 from CNY 13,963,701,953.71, marking a rise of about 2.1%[16] - Short-term borrowings increased to CNY 2,760,620,787.50 from CNY 2,605,234,000.00, reflecting an increase of approximately 6.0%[16] - Accounts payable decreased slightly to CNY 1,464,597,563.05 from CNY 1,531,227,060.93, a decline of about 4.4%[16] Cash Flow - The net cash flow from operating activities was ¥147,188,548.40, a slight increase of 2.21% compared to ¥144,003,834.45 in the same period last year[5] - The company reported a net cash flow from operating activities of ¥147,188,548.40 in Q1 2025, slightly up from ¥144,003,834.45 in Q1 2024[23] - The company’s total cash inflow from operating activities was ¥944,155,873.00 in Q1 2025, down from ¥1,192,347,735.97 in Q1 2024, a decrease of 20.86%[23] - The net cash flow from investing activities was -80,849,921.58, compared to -60,506,637.04 in the previous period, indicating a decline of approximately 33.5%[24] - Cash inflow from financing activities totaled 1,893,220,000.00, down from 1,983,900,000.00, reflecting a decrease of about 4.5%[24] - The net cash flow from financing activities was -171,553,602.21, worsening from -89,407,069.95, representing a decline of approximately 92%[24] - The ending balance of cash and cash equivalents decreased to 731,575,157.55 from 815,138,624.37, a reduction of about 10.3%[24] - The net increase in cash and cash equivalents was -105,214,975.39, compared to -5,909,872.54, showing a significant decline[24] - The total cash outflow from financing activities was 2,064,773,602.21, slightly down from 2,073,307,069.95, a decrease of about 0.5%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,338[9] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 566,068,280 shares, accounting for 46.46% of the total shares, with 308,230,000 shares pledged[10] Research and Development - Research and development expenses increased to ¥13,638,945.19 in Q1 2025, compared to ¥6,131,480.59 in Q1 2024, reflecting a focus on innovation[20] Inventory and Sales - The company reported a significant increase in inventory, which rose to CNY 87,936,685.92 from CNY 84,922,935.59, indicating a growth of approximately 3.5%[15] - The company's coal sales price decreased by 15.62% year-on-year, significantly impacting revenue despite an increase in coal production and sales volume[8] Accounting Standards - The company will not apply new accounting standards starting from 2025[25]