GED(000539)2025-04-29 12:25Financial Performance - The company's operating revenue for Q1 2025 was ¥10,573,002,085, a decrease of 17.33% compared to ¥12,789,410,415 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥382,893,805, representing a decline of 403.21% from a profit of ¥126,281,663 in the previous year[6] - The net cash flow from operating activities decreased by 26.49% to ¥1,998,978,028 from ¥2,719,506,027 year-on-year[6] - The company's gross profit margin declined due to intensified competition in the Guangdong electricity market and a significant drop in the average transaction price of bilateral negotiations[8] - The company's electricity generation volume decreased by 10% year-on-year, influenced by increased maintenance at power plants and reduced coastal wind intensity[8] - The company reported a basic and diluted earnings per share of -¥0.0729, compared to ¥0.0241 in the same period last year, reflecting a significant decline[6] - The company reported a net profit of -481,177,149 yuan, compared to a net profit of 296,517,543 yuan in the previous period, indicating a significant decline[17] - Operating profit was -440,184,847 yuan, a decrease from 451,578,280 yuan in the prior period[17] - Total comprehensive income amounted to -347,113,847 yuan, with a comprehensive income attributable to the parent company of -248,830,503 yuan[18] Assets and Liabilities - The company's total assets increased by 1.19% to ¥177,236,891,813 compared to ¥175,154,232,936 at the end of the previous year[6] - Total assets increased to ¥177,236,891,813, up from ¥175,154,232,936, representing a growth of 1.2%[14] - Total liabilities rose to ¥141,639,403,473, compared to ¥139,192,401,554, marking an increase of 1.8%[14] - Long-term borrowings increased to ¥74,027,488,370 from ¥69,541,559,406, reflecting a rise of 6.4%[14] - The company's total equity decreased to ¥35,597,488,340 from ¥35,961,831,382, a decline of 1.0%[14] Cash Flow - Cash flow from operating activities generated a net cash inflow of 1,998,978,028 yuan, compared to 2,719,506,027 yuan in the prior period[19] - Cash flow from investing activities resulted in a net outflow of -3,149,320,850 yuan, slightly improved from -3,426,971,984 yuan previously[19] - Cash flow from financing activities generated a net inflow of 2,384,039,770 yuan, up from 973,745,918 yuan in the previous period[19] - The company’s cash and cash equivalents at the end of the period totaled 13,065,202,081 yuan, an increase from 12,220,447,097 yuan at the end of the previous period[19] - Cash and cash equivalents at the end of the period reached ¥16,598,996,175, an increase of 8.0% from ¥15,361,820,831 at the beginning of the period[12] Costs and Expenses - Total operating costs amounted to ¥11,150,637,438, down from ¥12,482,302,299, reflecting a reduction of 10.7%[16] - Research and development expenses increased to ¥97,359,718, up from ¥82,411,766, indicating a growth of 17.5%[16] - The company reported a tax expense of 46,887,468 yuan, a decrease from 168,259,231 yuan in the previous period[17] Shareholder Information - The major shareholder, Guangdong Energy Group Co., Ltd., holds 67.39% of the shares, indicating strong control over the company[10] Other Income - Non-recurring gains and losses amounted to ¥33,909,862, primarily from compensation income related to supplier delays and land reclamation projects[7] - The company reported an investment income of ¥127,393,582, slightly up from ¥125,655,869, indicating a growth of 1.4%[16] - The company received 12,110,355,079 yuan in cash from sales of goods and services, down from 14,898,575,161 yuan in the prior period[18] - The company’s contract liabilities increased to ¥72,017,686 from ¥38,459,828, showing a significant rise of 87.5%[13]