Important Content Reminder
- The board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibilities.
- The person in charge of the company, the person in charge of accounting work, and the head of the accounting institution (accounting supervisor) declare: guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report.
- Whether the financial accounting report for the first quarter has been audited: □ Yes ☒ No
I. Main Financial Data
(1) Main Accounting Data and Financial Indicators
Whether the company needs to restate or adjust previous years' accounting data: □ Yes ☒ No
| Item | Current Period | Same Period Last Year | Change (%) |
|---|
| Operating Revenue (Yuan) | 7,773,555,419.29 | 7,669,450,484.82 | 1.36% |
| Net Profit Attributable to Shareholders (Yuan) | 927,621,853.77 | 903,416,215.84 | 2.68% |
| Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (Yuan) | 985,709,560.79 | 853,305,418.85 | 15.52% |
| Net Cash Flow from Operating Activities (Yuan) | 1,105,790,187.12 | 467,558,178.15 | 136.50% |
| Basic Earnings per Share (Yuan/Share) | 0.22 | 0.24 | -8.33% |
| Diluted Earnings per Share (Yuan/Share) | 0.22 | 0.24 | -8.33% |
| Weighted Average Return on Equity | 2.88% | 4.57% | -1.69% |
| Item | End of Current Period | End of Previous Year | Change (%) |
|---|
| Total Assets (Yuan) | 49,364,664,237.68 | 49,406,130,603.74 | -0.08% |
| Total Equity Attributable to Shareholders (Yuan) | 32,627,879,788.22 | 31,748,926,577.96 | 2.77% |
(2) Non-Recurring Gains and Losses Items and Amounts
☒ Applicable □ Not Applicable
| Item | Amount for Current Period (Yuan) | Description |
|---|
| Loss from Disposal of Non-Current Assets (including reversal of asset impairment provisions) | 18,464,196.26 | |
| Government Subsidies Included in Current Profit and Loss (excluding those closely related to normal business operations) | 28,470,210.32 | |
| Fair Value Changes and Disposal Gains/Losses of Financial Assets and Liabilities (excluding effective hedging related to normal business operations) | -94,145,325.07 | To mitigate raw material price risks and prevent exchange rate risks, the company and its subsidiaries engaged in derivative business, including futures contracts and foreign exchange forward contracts. In the first quarter of 2026, futures income was 167,700 yuan, and forward income was 10,299,600 yuan. In the first quarter of 2025, futures income was 20,833,000 yuan, and forward income was 14,387,100 yuan. Meanwhile, in the first quarter of 2026, exchange losses were 150,286,400 yuan, while in the first quarter of 2025, exchange gains were 18,955,200 yuan. According to the "Interpretative Announcement No. 1 on Information Disclosure of Companies Issuing Securities to the Public - Non-Recurring Gains and Losses," exchange gains and losses are regular profit and loss items, while futures and forward gains and losses are non-recurring profit and loss items. |
| Securities Investment Loss | -10,461,260.00 | |
| Profit and Loss from Entrusting Others to Invest or Manage Assets | 4,902,809.04 | |
| Other Operating Income and Expenses | -2,732,485.37 | |
| Less: Income Tax Impact | 7,365,413.23 | |
| Minority Shareholders' Equity Impact (after tax) | 5,681,698.97 | |
| Total | -58,087,707.02 | |