Chongqing Water(601158)2025-04-28 12:25Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,651,513,466.15, representing an increase of 8.66% compared to CNY 1,519,947,433.67 in the same period last year[3] - Net profit attributable to shareholders was CNY 237,087,433.62, up 28.91% from CNY 183,912,500.86 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 48.88%, reaching CNY 207,857,979.72 compared to CNY 139,614,682.27 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.05, reflecting a 25.00% increase from CNY 0.04 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥1,651,513,466.15, an increase of 8.66% compared to ¥1,519,947,433.67 in Q1 2024[21] - Net profit for Q1 2025 was ¥239,440,945.36, representing a 28.4% increase from ¥186,440,298.55 in Q1 2024[24] - Earnings per share for Q1 2025 were ¥0.05, compared to ¥0.04 in Q1 2024, indicating a growth in profitability[24] Cash Flow - The net cash flow from operating activities improved significantly to CNY 45,593,505.81, a 147.80% increase from a negative CNY 95,374,504.86 in the same period last year[3] - Cash inflow from operating activities for Q1 2025 was 1,362,729,010.24 in Q1 2024[26] - Net cash flow from operating activities for Q1 2025 was 95,374,504.86 in Q1 2024[27] - Cash inflow from financing activities in Q1 2025 was 920,985,959.01 in Q1 2024[29] - Net cash flow from financing activities for Q1 2025 was 167,115,202.79 in Q1 2024[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 35,808,875,587.54, a 5.75% increase from CNY 33,863,149,748.54 at the end of the previous year[4] - Total liabilities increased to ¥18,319,172,849.87 from ¥16,612,970,055.14, marking a rise of 10.3%[18] - The company's total equity reached ¥17,489,702,737.67, up from ¥17,250,179,693.40, reflecting a growth of 1.39%[18] Investments and Financing - The company adjusted the issuance amount of convertible bonds from up to RMB 2 billion to up to RMB 1.9 billion, with the issuance process starting on January 6, 2025, and completed on January 15, 2025[11] - The company successfully issued RMB 2 billion in corporate bonds, with the first tranche consisting of RMB 800 million for a 5-year term at a coupon rate of 2.14% and RMB 1.2 billion for a 10-year term at a coupon rate of 2.43%[12] - The company completed the transfer of 100% equity in Chongqing Water Investment (Group) Co., Ltd. from its indirect controlling shareholder, enhancing its asset base[13] - The company established a joint venture with Chongqing Water Environment Holding Group, investing RMB 245 million to expand pipeline operation and maintenance services[15] Operational Highlights - The increase in net profit was primarily driven by an increase in wastewater settlement volume and an adjustment in wastewater treatment service fees[7] - The company set the sewage treatment service fee at RMB 3.92 per cubic meter for several wastewater treatment plants starting from July 1, 2024[14] - Research and development expenses for Q1 2025 were ¥2,962,845.26, significantly higher than ¥735,448.98 in Q1 2024, indicating a focus on innovation[23] - The company reported a significant increase in investment income from joint ventures, rising to ¥25,978,862.27 in Q1 2025 from ¥21,888,027.88 in Q1 2024[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,416[9] - The company has not identified any related party relationships among the top ten shareholders as per the regulations[10]