GDEP(600310)2025-04-28 14:00Financial Performance - The company's operating revenue for Q1 2025 was ¥822,061,980.25, a decrease of 15.22% compared to ¥969,660,264.44 in the same period last year[4]. - The net profit attributable to shareholders was -¥208,554,011.26, compared to -¥57,302,152.03 in the previous year, indicating a significant decline[4]. - The basic and diluted earnings per share were both -¥0.1423, reflecting a worsening financial position compared to -¥0.0391 in the previous year[4]. - The weighted average return on net assets was -7.22%, down from -1.94% in the same period last year[5]. - The net profit attributable to shareholders for Q1 2025 was -20,855.40 million RMB, an increase in loss of 15,125.19 million RMB year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -10,086.16 million RMB, an increase in loss of 10,619.37 million RMB year-on-year[11]. - The net profit from the power grid sales segment was -670.56 million RMB, a decrease of 7,871.42 million RMB year-on-year due to increased costs and lower market prices[12]. - The thermal power segment experienced a net profit of -7,908.90 million RMB, an increase in loss of 4,105.43 million RMB year-on-year due to reduced operating hours and lower settlement prices[12]. - The total profit before tax for Q1 2025 was -210,548,671.46 RMB, compared to -84,301,792.23 RMB in Q1 2024, showing a worsening of approximately 149% in losses[35]. Cash Flow and Assets - The net cash flow from operating activities increased by 110.44% to ¥535,763,113.20, up from ¥254,595,968.76 year-on-year[4]. - Cash flow from operating activities in Q1 2025 was ¥1,168,952,238.68, a decrease from ¥1,362,392,405.78 in Q1 2024[25]. - The company's total current assets as of March 31, 2025, amounted to 4,111,813,702.81 RMB, an increase from 3,887,486,251.02 RMB in the previous year[15]. - Cash and cash equivalents at the end of the period reached CNY 2,037,792,808.55, an increase from CNY 1,655,485,180.13 at the end of the previous period[27]. - The company reported a net increase in cash and cash equivalents of CNY 525,423,987.30 for the period[27]. - Total cash and cash equivalents at the end of Q1 2025 reached 1,520,178,148.67 RMB, up from 531,530,095.17 RMB in Q1 2024[38]. Revenue and Costs - Total operating revenue for Q1 2025 was ¥822,061,980.25, a decrease of 15.2% compared to ¥969,660,264.44 in Q1 2024[21]. - Total operating costs for Q1 2025 were ¥867,314,009.09, down 7.6% from ¥938,484,021.58 in Q1 2024[21]. - Operating revenue for Q1 2025 was CNY 398,374,397.65, a decrease of 2.7% compared to CNY 408,479,047.42 in Q1 2024[34]. - Operating costs increased to CNY 419,216,738.70 in Q1 2025, up 21.4% from CNY 345,113,074.65 in Q1 2024[34]. - The company recorded a total revenue of 423,235,706.50 RMB from sales in Q1 2025, down from 718,310,592.32 RMB in Q1 2024, indicating a decline of about 41%[37]. Segment Performance - The hydropower segment reported a net profit of 2,764.14 million RMB, down 2,101.06 million RMB year-on-year due to reduced water inflow[12]. - The wind power segment achieved a net profit of 1,928.00 million RMB, an increase of 1,797.81 million RMB year-on-year as full capacity was reached[12]. - The company experienced a substantial decrease in hydroelectric power generation and supply profits, attributed to reduced water flow and increased electricity purchases from the grid[7]. Future Outlook - The company plans to focus on improving cash flow management and recovering receivables to enhance financial stability moving forward[7]. - Research and development expenses increased to ¥7,076,592.23 in Q1 2025, up from ¥3,021,609.40 in Q1 2024, indicating a focus on innovation[22].