Financial Performance - The company's operating revenue for Q1 2025 was ¥2,077,659,843.68, a decrease of 4.11% compared to ¥2,166,698,799.22 in the same period last year[4] - Net profit attributable to shareholders increased significantly by 601.27% to ¥194,118,526.26 from ¥27,680,914.58 year-on-year[4] - Basic and diluted earnings per share reached ¥0.0657, reflecting a substantial increase of 598.94% from ¥0.0094 in the same period last year[4] - Total operating revenue for Q1 2025 was CNY 2,099,047,300.81, a decrease of 4.2% compared to CNY 2,190,965,555.63 in Q1 2024[18] - Net profit for Q1 2025 increased to CNY 240,363,311.24, compared to CNY 84,108,155.47 in Q1 2024, representing a growth of 185.1%[19] - The profit attributable to shareholders of the parent company for Q1 2025 was CNY 194,118,526.26, significantly higher than CNY 27,680,914.58 in Q1 2024, marking a rise of 600.5%[19] - Net profit for Q1 2025 was ¥119,808,396.99, up 186.5% from ¥41,761,512.58 in Q1 2024[28] Cash Flow and Liquidity - The net cash flow from operating activities rose by 206.72% to ¥399,823,226.43, compared to ¥130,352,749.70 in the previous year[4] - The company's cash flow from other operating activities increased significantly to CNY 143,786,062.52 from CNY 58,578,073.52, indicating improved operational efficiency[22] - The company's cash and cash equivalents decreased to approximately CNY 3.23 billion from CNY 3.41 billion, representing a decline of about 5.4%[15] - The cash and cash equivalents at the end of Q1 2025 were CNY 3,210,922,470.58, compared to CNY 2,937,397,879.15 in Q1 2024[23] - The net cash flow from operating activities for Q1 2025 was ¥11,470,012.76, compared to ¥2,576,750.90 in Q1 2024, indicating a substantial improvement[29] Assets and Equity - Total assets at the end of the reporting period were ¥23,259,122,083.01, an increase of 1.17% from ¥22,989,152,647.83 at the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to approximately CNY 5.94 billion, an increase from CNY 5.75 billion as of December 31, 2024, reflecting a growth of about 3.43%[15] - The total non-current assets were approximately CNY 16.67 billion as of March 31, 2025, compared to CNY 16.54 billion at the end of 2024, indicating a slight increase of about 0.78%[15] - The company reported a total equity of ¥7,129,052,152.92 as of Q1 2025, an increase from ¥7,040,448,610.31 in Q1 2024[26] Investment and Expenses - The company reported an investment income of CNY 134,661,943.06 in Q1 2025, a significant recovery from a loss of CNY 10,344,666.05 in Q1 2024[19] - Research and development expenses for Q1 2025 were CNY 231,132.08, indicating ongoing investment in innovation[19] - The company achieved an investment income of ¥131,540,573.17 in Q1 2025, significantly higher than ¥62,767,399.77 in Q1 2024[26] - The financial expenses for Q1 2025 were ¥18,321,870.52, slightly down from ¥19,718,690.24 in Q1 2024[26] Shareholder Information - The total number of shares held by the top 10 shareholders accounted for approximately 18.84% of the total issued shares, with Shanghai Dazhong Enterprise Management Co., Ltd. holding 556,321,859 shares[12] - The company reported that Shanghai Dazhong Enterprise Management Co., Ltd. held 495,143,859 A shares and 61,178,000 H shares as of March 31, 2025[12] - There were no significant changes in the shareholding structure or participation in securities lending activities among the top shareholders during the reporting period[13]

Financial Performance - The company's operating revenue for Q1 2025 was RMB 2,077,659,843.68, a decrease of 4.11% compared to RMB 2,166,698,799.22 in the same period last year[10] - Net profit attributable to shareholders increased significantly to RMB 194,118,526.26, representing a 601.27% increase from RMB 27,680,914.58 year-on-year[10] - The net profit after deducting non-recurring gains and losses was RMB 108,467,981.24, up 223.79% from RMB 33,499,324.66 in the previous year[10] - Basic and diluted earnings per share were both RMB 0.0657, reflecting a remarkable increase of 598.94% from RMB 0.0094 in the same quarter last year[10] - Operating profit for Q1 2025 was CNY 282,226,445.39, compared to CNY 137,998,693.10 in Q1 2024, indicating a growth of 104.56%[28] - Net profit for Q1 2025 reached CNY 240,363,311.24, significantly up from CNY 84,108,155.47 in Q1 2024, representing an increase of 185.56%[28] Cash Flow - The net cash flow from operating activities reached RMB 399,823,226.43, a substantial increase of 206.72% compared to RMB 130,352,749.70 last year[10] - In Q1 2025, the cash inflow from operating activities was CNY 2,332,982,757.32, an increase of 1.84% compared to CNY 2,290,569,860.54 in Q1 2024[30] - The net cash flow from operating activities for Q1 2025 was CNY 399,823,226.43, significantly up from CNY 130,352,749.70 in Q1 2024, representing a growth of 206.5%[30] - Cash outflow for purchasing goods and services in Q1 2025 was CNY 1,575,818,641.24, down 15.8% from CNY 1,872,499,787.03 in Q1 2024[30] - The cash and cash equivalents at the end of Q1 2025 were CNY 3,210,922,470.58, down from CNY 2,937,397,879.15 at the end of Q1 2024[31] - The company reported a net cash decrease of CNY 184,864,376.22 in Q1 2025, an improvement from a decrease of CNY 252,605,204.50 in Q1 2024[31] Assets and Liabilities - Total assets at the end of the reporting period were RMB 23,259,122,083.01, a 1.17% increase from RMB 22,989,152,647.83 at the end of the previous year[10] - Current liabilities have increased to ¥9,325,078,774.92 from ¥8,250,797,973.54 as of December 31, 2024[24] - Total liabilities amounted to CNY 13,012,831,100.64, slightly up from CNY 12,948,689,497.47 in the previous year[25] - Total non-current liabilities decreased to CNY 3,687,752,325.72 from CNY 4,697,891,523.93, a reduction of 21.43%[25] - The total assets as of March 31, 2025, were CNY 15,134,026,573.34, an increase from CNY 14,773,211,949.51 as of December 31, 2024[34] - The total liabilities as of March 31, 2025, were CNY 8,004,974,420.42, compared to CNY 7,732,763,339.20 as of December 31, 2024[34] Shareholder Information - The company reported a total of 150,631 common shareholders at the end of the reporting period[15] - The top 10 shareholders hold a total of 1,300,000,000 shares, representing approximately 43.56% of the total issued shares[16] - Shanghai大众企业管理有限公司 holds 495,143,859 shares, accounting for 16.77% of the total shares, with 327,000,000 shares pledged[16] - The company is not aware of any relationships or concerted actions among the top 10 shareholders[19] Investment and R&D - Research and development expenses for Q1 2025 were CNY 231,132.08, indicating ongoing investment in innovation[27] - The company reported an investment income of CNY 134,661,943.06 in Q1 2025, a turnaround from a loss of CNY 10,344,666.05 in Q1 2024[27] Comprehensive Income - The total comprehensive income for Q1 2025 was ¥99,310,545.47, significantly higher than ¥32,935,606.10 in Q1 2024[38] - Other comprehensive income after tax for Q1 2025 was CNY -26,841,227.26, compared to CNY -14,145,298.52 in Q1 2024, indicating a decline[28]

| 股票代码：600635 | 股票简称： 大众公用 | 编号：临2025-016 | | --- | --- | --- | | 债券代码：138999 | 债券简称： 23 公用 01 | | | 债券代码：240539 | 债券简称： 24 公用 01 | | 上海大众公用事业（集团）股份有限公司 关于参加 2025 年上海辖区上市公司年报集体业绩说 明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 08 日 （星期四） 至 05 月 14 日 （星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 dmbstock@dzug.cn 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 上海大众公用事业（集团）股份有限公司（以下简称"公司"） 已于 2025 年 3 月 29 日发布公司 2024 年年度报告，为便于广大投 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year 2024, representing a 15% increase compared to the previous year[31]. - Revenue for 2024 was RMB 6,283,532, a decrease of 0.82% compared to RMB 6,335,775 in 2023[40]. - Profit attributable to the owners of the Company increased by 9.69% to RMB 233,149 in 2024 from RMB 212,544 in 2023[40]. - Net profit increased by 8.16% from RMB 303.63 million for the year ended December 31, 2023, to RMB 328.43 million for the year ended December 31, 2024[115]. - Total comprehensive income increased by 63.41% from RMB 261.92 million for the year ended December 31, 2023, to RMB 428.00 million for the year ended December 31, 2024[116]. - Basic and diluted earnings per share increased by 9.69% to RMB 0.08 in 2024 from RMB 0.07 in 2023[42]. - The company reported a net profit margin of 18% for the last fiscal year, reflecting improved cost management strategies[24]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB0.36 (tax inclusive) for every 10 shares, totaling RMB106,287,648.30 based on a total share capital of 2,952,434,675 shares as of the end of 2024[8][11]. - The final dividends for the year ended December 31, 2024, are set at RMB0.36 per 10 Shares (tax inclusive)[25]. - The board of directors has approved a dividend payout of RMB 0.5 per share, reflecting a 10% increase from the previous year[31]. Risk Management - There were no material risks identified during the reporting period, and potential risks along with countermeasures are detailed in the report[15][17]. - The company emphasizes the importance of understanding investment risks associated with forward-looking statements in the report[10][12]. - The Company faces risks from fluctuations in natural gas prices, which are influenced by domestic supply and demand as well as international market prices[189]. - Changes in environmental protection policies may impose pressures on the Company's operations, requiring strict adherence to local sewage discharge standards[190]. - The company is exposed to exchange rate fluctuations, particularly between RMB and USD, which could lead to exchange losses[194]. Operational Developments - The company plans to expand its market presence by entering three new provinces in China by the end of 2025[24]. - Dazhong Asset Management, a subsidiary, achieved a revenue increase of 20% compared to the previous year, contributing significantly to the overall performance[24]. - The company is investing RMB500 million in new technology development aimed at enhancing operational efficiency[24]. - A strategic acquisition of a local competitor is expected to be finalized by Q2 2024, which will enhance market share by approximately 10%[24]. - Dazhong Logistics Delivery, a newly established subsidiary, aims to capture a 5% market share in the logistics sector within the first year of operation[24]. Environmental and Social Governance (ESG) - Future outlook indicates a focus on sustainable practices, with plans to reduce carbon emissions by 25% by 2026[24]. - The strategic development committee is prioritizing ESG initiatives, aiming for a 50% reduction in carbon emissions by 2030[35]. - The Company plans to enhance its ESG performance and explore the integration of clean energy with traditional public utilities, including photovoltaic power generation and sewage treatment[174]. Financial Position and Cash Flow - Net cash flows from operating activities decreased by 41.21% to RMB 405,522 in 2024 from RMB 689,833 in 2023[40]. - The Group's long-term interest-bearing borrowings were RMB392.94 million, while short-term borrowings were RMB3,207.47 million as of December 31, 2024[128]. - The gearing ratio decreased to 77.06% as of December 31, 2024, down by 6.02% from 83.08% as of December 31, 2023[130]. - The Company will increase cash flows from operating activities and adjust its debt structure to lower the debt-to-asset ratio, maintaining a focus on cash flow management[181]. Market and Industry Trends - The natural gas industry in China is currently stable, with city gas companies expanding services and transforming into comprehensive energy service providers[160]. - The sewage treatment industry is focusing on technological innovation and resource recycling, aiming for high treatment efficiency and stable water quality[161]. - The financing lease industry is expected to align with national industry orientation, promoting high-quality development of the real economy[167]. Audit and Compliance - The company has received a standard non-qualified auditor's report from BDO Limited, ensuring the accuracy and completeness of the financial reports[13]. - The financial report guarantees that there are no false representations or material omissions, with the board accepting legal responsibility for the contents[13]. - There are no external guarantees provided in violation of stipulated decision-making procedures[19].

| 股票代码：600635 | 股票简称： | 大众公用 | | 编号：临2025-015 | | --- | --- | --- | --- | --- | | 债券代码：138999 | 债券简称： | 23 公用 | 01 | | | 债券代码：240539 | 债券简称： | 24 公用 | 01 | | 四、对经营层的授权事项 上海大众公用事业（集团）股份有限公司 关于公司拟注册发行中期票据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容真实性、准确性和完整性承担个别及连带责任。 上海大众公用事业（集团）股份有限公司（以下简称"公司"）为了进一步 优化债务结构、降低融资成本，保障未来经营发展需要，经公司 2025 年 3 月 28 日召开的第十二届董事会第九次会议审议通过《关于公司拟注册发行中期票据的 议案》，公司拟向中国银行间市场交易商协会注册发行中期票据，具体内容如下： 一、发行规模 本次中期票据的注册发行规模：不超过 35 亿元，并可以分期发行。 二、发行对象 本次中期票据的发行对象为全国银行间市场的机构投资者（国家法律、法规 禁止购买者除外 ...

本次超短期融资券、短期融资券的发行对象为全国银行间市场的机构投资者 （国家法律、法规禁止购买者除外）。 三、发行成本 | 股票代码：600635 | 股票简称： | 大众公用 | | 编号：临2025-014 | | --- | --- | --- | --- | --- | | 债券代码：138999 | 债券简称： | 23 公用 | 01 | | | 债券代码：240539 | 债券简称： | 24 公用 | 01 | | 上海大众公用事业（集团）股份有限公司 关于公司拟注册发行超短期融资券、短期融资券的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容真实性、准确性和完整性承担个别及连带责任。 上海大众公用事业（集团）股份有限公司（以下简称"公司"）为了进一步 优化债务结构、降低融资成本，保障未来经营发展需要，经公司 2025 年 3 月 28 日召开的第十二届董事会第九次会议审议通过《关于公司拟注册发行超短期融资 券、短期融资券的议案》，公司拟向中国银行间市场交易商协会注册发行超短期 融资券、短期融资券，具体内容如下： 一、发行规模 本次超短期融资券 ...

审计报告 上海大众公用事业（集团）股份 有限公司 审计报告及财务报表 二〇二四年度 信会师报字[2025]第 ZA10518 号 上海大众公用事业（集团）股份有限公司全体股东： 一、 审计意见 我们审计了上海大众公用事业（集团）股份有限公司（以下简称 大众公用）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产 负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量 表、合并及母公司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的 规定编制，公允反映了大众公用 2024 年 12 月 31 日的合并及母公司 财务状况以及 2024 年度的合并及母公司经营成果和现金流量。 二、 形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计 报告的"注册会计师对财务报表审计的责任"部分进一步阐述了我们 在这些准则下的责任。按照中国注册会计师职业道德守则，我们独立 于大众公用，并履行了职业道德方面的其他责任。我们相信，我们获 取的审计证据是充分、适当的，为发表审计意见提供了基础。 三、 关键审计事项 关键审计事项是我们根据职业 ...

上海大众公用事业（集团）股份 有限公司 二〇二四年度 内部控制审计报告 信会师报字[2025]第 ZA10519 号 上海大众公用事业（集团）股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了上海大众公用事业（集团）股份有限公司（以下 简称"大众公用"）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定，建立健全和有效实施内部控制，并评 价其有效性是大众公用董事会的责任。 内部控制审计报告 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的 有效性发表审计意见，并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。 此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策 和程序遵循的程度降低，根据内部控制审计结果推测未来内部控制的 有效性具有一定风险。 内部控制审计报告 第1页 四、财务报告内部控制审计意见 我们认为，大众 ...

经核查:独立非执行董事姜国芳先生、李颖琦女士、杨平先生、 刘峰先生的任职经历以及签署的相关自查文件,上述人员未在公司担 任除独立非执行董事以外的任何职务,也未在公司主要股东公司担任 任何职务,与公司以及主要股东之间不存在利害关系或其他可能妨碍 其进行独立客观判断的关系,因此,公司独立非执行董事符合《上市 公司独立董事管理办法》、《上海证券交易所上市公司自律监管指引 第1号 -- 规范运作》中的相关要求,持续保持独立性,在2024年度 不存在影响独立性的情形。 上海大众公用事业（ 设分有限公司 2025年3月28日 上海大众公用事业（集团）股份有限公司 董事会关于独立非执行董事独立性情况的专项意见 一、独立非执行董事独立性自查情况 上海大众公用事业(集团)股份有限公司(以下简称"公司")现 有独立非执行董事4人,分别为姜国芳先生、李颖琦女士、杨平先生、 刘峰先生。根据《上市公司独立董事管理办法》第六条的规定,公司 独立非执行董事对自身的独立性情况进行了自查,并将自查情况提交 了第十二届董事会提名委员会第二次会议审议。自查结果显示,公司 独立非执行董事均符合《上市公司独立董事管理办法》第六条的独立 性要求,不存在 ...

公司代码：600635 公司简称：大众公用 上海大众公用事业（集团）股份有限公司 2024 年度商誉减值测试报告 请年审会计师对该报告中公司填报的内容核实并确认。 年审会计师是否已核实确认：√是 □否 年审会计师姓名：林盛宇 李静雅 会计师事务所名称：立信会计师事务所（特殊普通合伙） 一、 是否进行减值测试 √是 □否 注：如选是请继续填写后续内容。 二、 是否在减值测试中取得以财务报告为目的的评估报告 √是 □否 | 资产组名称 | 评估机构 | 评估师 | 评估报告编号 | 评估价值类型 | 评估结果 | | --- | --- | --- | --- | --- | --- | | 上海大众运行物流股份 | 上海东洲资产评估有限 | 潘婉怡、王盈芳 | 东洲评报字【2025】第 | 可回收金额 | 资产组的可回收价值为 | | 有限公司 | 公司 | | 0518 号 | | 不 低 于 人 民 币 | | | | | | | 8,600.00 万元 | 三、 是否存在减值迹象： | 资产组名称 | 是否存在减值迹象 | 备注 | 是否计提减值 | 备注 | 减值依据 | 备注 | | --- | -- ...