龙净环保(600388) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,965,872,850.55, a decrease of 13.69% compared to CNY 2,277,633,996.47 in the same period last year[5] - Net profit attributable to shareholders was CNY 185,120,664.30, down 6.95% from CNY 198,948,207.57 year-on-year[5] - Basic earnings per share decreased by 16.67% to CNY 0.15 from CNY 0.18 in the same period last year[5] - Net profit for Q1 2025 was CNY 184,517,001.56, a decrease of 6.16% compared to CNY 196,904,580.67 in Q1 2024[20] - Basic earnings per share for Q1 2025 were CNY 0.15, down from CNY 0.18 in Q1 2024[20] Cash Flow - The net cash flow from operating activities was negative at CNY -136,724,305.65, a significant decline of 484.86% compared to CNY 35,525,669.50 in the previous year[5] - Cash flow from operating activities for Q1 2025 was negative CNY 136,724,305.65, compared to positive CNY 35,525,669.50 in Q1 2024[23] - The company's cash inflow from operating activities totaled CNY 2,078,615,829.87 in Q1 2025, down from CNY 2,842,851,046.24 in Q1 2024[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 27,062,307,648.46, reflecting a 1.01% increase from CNY 26,792,319,059.54 at the end of the previous year[6] - The company's total liabilities amounted to RMB 13.605 billion, up from RMB 13.159 billion year-on-year, reflecting increased borrowing[16] - The company's total liabilities as of March 31, 2025, were CNY 16,523,925,597.65, slightly up from CNY 16,455,836,991.92 at the end of Q1 2024[17] - The company's total equity attributable to shareholders was CNY 10,375,679,153.15, an increase from CNY 10,173,175,507.22 in Q1 2024[17] Investments - Long-term equity investments increased by 154.99% due to new external investments by subsidiaries[9] - The company’s long-term equity investments increased to RMB 100 million from RMB 39 million year-on-year, indicating growth in strategic investments[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,575[12] Research and Development - Research and development expenses for Q1 2025 were CNY 95,728,743.87, an increase of 14.06% from CNY 84,028,918.71 in Q1 2024[19] - Research and development expenses for Q1 2025 were CNY 60,371,531.12, up 30.83% from CNY 46,153,989.28 in Q1 2024[28] Contract and Revenue Growth - The company secured new environmental engineering contracts totaling RMB 2.625 billion, representing a year-on-year growth of 13.59%, with a total of RMB 19.421 billion in hand contracts[14] Cash and Cash Equivalents - The company's cash and cash equivalents amounted to RMB 2.203 billion, down from RMB 2.474 billion at the end of 2024[15] - Cash and cash equivalents at the end of Q1 2025 were CNY 2,101,773,904.31, down from CNY 2,334,944,450.87 at the end of Q1 2024[23] - The initial cash and cash equivalents balance was 1,469,273,336.87, down from 1,517,629,699.42 in the previous period[32]