中煤能源(601898) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 38,391,521, a decrease of 15.4% compared to CNY 45,394,500 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2025 was CNY 3,977,869, down 20.0% from CNY 4,969,520 in Q1 2024[3]. - The weighted average return on equity decreased by 0.80 percentage points to 2.58% in Q1 2025 from 3.38% in Q1 2024[3]. - Net profit for Q1 2025 was CNY 4,885,939, a decline of 26.3% from CNY 6,627,883 in Q1 2024[33]. - Earnings per share for Q1 2025 was CNY 0.30, compared to CNY 0.37 in Q1 2024[33]. - Polyolefins revenue decreased by 2.1% year-on-year to 5,775 million in Q1 2025 from 5,899 million in Q1 2024[22]. - Urea revenue fell by 14.0% year-on-year to 1,342 million in Q1 2025 from 1,561 million in Q1 2024[22]. - Methanol revenue decreased by 18.8% year-on-year to 1,414 million in Q1 2025 from 1,741 million in Q1 2024[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 89.0%, from CNY 3,405,180 in Q1 2024 to CNY 376,151 in Q1 2025[3][8]. - The company reported a net cash flow from financing activities of 29.91 million RMB, a significant decrease of 110.9% compared to the previous year[11]. - In Q1 2025, the net cash flow from operating activities was CNY 376,151, a significant decrease of 89% compared to CNY 3,405,180 in Q1 2024[36]. - Total cash inflow from operating activities in Q1 2025 was CNY 40,652,077, down 14% from CNY 47,192,450 in Q1 2024[36]. - Cash outflow from operating activities in Q1 2025 was CNY 40,275,926, a decrease of 8% compared to CNY 43,787,270 in Q1 2024[36]. - The net cash flow from investing activities in Q1 2025 was CNY -8,237,684, worsening from CNY -1,070,859 in Q1 2024[37]. - Cash inflow from financing activities in Q1 2025 was CNY 10,697,049, an increase of 71% from CNY 6,243,645 in Q1 2024[37]. - The company reported a net cash decrease of CNY -3,371,297 in Q1 2025, compared to CNY -3,000,092 in Q1 2024, highlighting ongoing liquidity challenges[48]. Production and Sales - The production of commodity coal in Q1 2025 was 3,335,000 tons, an increase of 1.9% from 3,273,000 tons in Q1 2024[5]. - The sales volume of commodity coal in Q1 2025 was 6,414,000 tons, a slight increase of 0.4% from 6,387,000 tons in Q1 2024[5]. - Urea production in Q1 2025 was 52.8 million tons, up 11.2% from 47.5 million tons in Q1 2024[6]. - The total sales volume of self-produced coal in Q1 2025 was 3.268 million tons, an increase of 37,000 tons or 1.1% year-on-year[18]. - The total sales volume of purchased trade coal was 3.120 million tons, an increase of 147,000 tons or 4.9% year-on-year[18]. Operating Costs and Profitability - The company's coal mining equipment output value decreased by 16.6% to CNY 2,420,000,000 in Q1 2025 compared to CNY 2,900,000,000 in Q1 2024[6]. - The coal business's operating costs were 23.80 billion RMB, down 3.56 billion RMB or 13.0% from 27.36 billion RMB in the previous year[12]. - The gross profit for the coal business was 7.45 billion RMB, a decrease of 2.67 billion RMB or 26.4% year-on-year[12]. - The unit sales cost of self-produced coal was 269.82 RMB/ton, a decrease of 21.15 RMB/ton or 7.3% compared to the previous year[19]. - The company continues to focus on cost reduction strategies to improve profitability amid declining revenues[32]. Assets and Shareholder Information - Total assets at the end of Q1 2025 were CNY 355,673,905, a slight decrease of 0.6% from CNY 357,964,555 at the end of the previous year[4]. - The company's equity attributable to shareholders increased by 2.6% to CNY 155,918,224 compared to CNY 151,911,215 at the end of the previous year[4]. - Total current assets as of March 31, 2025, were 109,849,738 thousand, down from 113,065,564 thousand as of December 31, 2024[28]. - Cash and cash equivalents decreased to 79,021,892 thousand from 84,353,150 thousand[28]. - Accounts receivable increased to 9,717,494 thousand from 8,401,695 thousand[28]. - Inventory decreased to 7,411,109 thousand from 7,743,353 thousand[28]. - Total liabilities decreased to CNY 159,327,540 from CNY 165,718,374[30]. - Long-term borrowings were CNY 37,651,615, down from CNY 40,345,761[30]. - Total number of ordinary shareholders as of March 31, 2025, was 108,006[24]. - China Coal Energy Group holds 57.41% of the total shares, amounting to 7,611,207,908 shares[24]. - HKSCC NOMINEES LIMITED holds 29.87% of the total shares, amounting to 3,960,604,129 shares[24].