伟星新材(002372) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥895,038,606.78, a decrease of 10.20% compared to ¥996,663,372.67 in the same period last year[4] - Net profit attributable to shareholders was ¥113,701,770.51, down 25.95% from ¥153,542,014.75 year-on-year[4] - Basic and diluted earnings per share decreased by 30.00% to ¥0.07 from ¥0.10 in the previous year[5] - Total operating revenue for Q1 2025 was CNY 895,038,606.78, a decrease of 10.2% from CNY 996,663,372.67 in the previous period[31] - Net profit for Q1 2025 was CNY 115,906,036.21, a decline of 26.2% compared to CNY 157,207,879.79 in the same period last year[32] - Earnings per share (EPS) for Q1 2025 was CNY 0.07, down from CNY 0.10 in the previous year[33] Cash Flow - The net cash flow from operating activities increased by 148.13% to ¥84,579,894.33, compared to a negative cash flow of ¥175,717,757.73 in the same period last year[4] - Cash flow from operating activities generated a net amount of CNY 84,579,894.33, recovering from a negative cash flow of CNY -175,717,757.73 in the previous period[35] - Cash flow from investment activities showed a net inflow of CNY 190,542,351.94, compared to a net outflow of CNY -148,325,465.08 in the previous year[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,649,539,579.57, a slight increase of 0.27% from ¥6,631,662,560.69 at the end of the previous year[5] - The company reported a total asset of CNY 6,649,539,579.57 as of March 31, 2025, compared to CNY 6,631,662,560.69 at the beginning of the period, reflecting a slight increase[25] - The company’s total liabilities amounted to CNY 1,274,037,170.36, down from CNY 1,397,050,177.87, reflecting a decrease of about 8.8%[29] - Total current liabilities decreased to CNY 1,182,795,510.60 from CNY 1,304,028,925.75, indicating a reduction of about 9.3%[29] - The company’s non-current assets totaled CNY 2,339,635,263.44, slightly down from CNY 2,342,879,040.31[28] Investments and Equity - The company has invested CNY 1,300,000,000 in financial products, with CNY 800,000,000 returned and a profit of CNY 5,214,100 realized[24] - The company’s long-term equity investments decreased to CNY 243,313,397.62 from CNY 252,760,450.68, a decline of approximately 3.1%[27] - The company’s equity attributable to owners remained stable at CNY 1,592,037,988.00[29] Expenses and Financial Metrics - Financial expenses increased by 84.16% year-on-year, mainly due to a decrease in interest income[15] - The company experienced a 295.63% decline in investment income, attributed to reduced fair value gains from financial assets held by a partnership[16] - The company reported a decrease in research and development expenses to CNY 30,934,702.76, down from CNY 34,286,511.47[32] - The company's weighted average return on equity was 2.21%, down from 2.72% in the same period last year[5] Other Information - The company established a wholly-owned subsidiary, Urumqi Weixing New Building Materials Co., Ltd., with a registered capital of CNY 50,000,000 on March 11, 2025[24] - Other comprehensive income after tax was CNY 683,990.18, recovering from a loss of CNY -2,426,792.00 in the previous year[32] - The first quarter report of Zhejiang Weixing New Building Materials Co., Ltd. was not audited[39] - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[38]