Financial Performance - The company's operating revenue for Q1 2025 was ¥285,210,415.77, a decrease of 26.23% compared to ¥386,603,846.90 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥39,929,848.54, representing a decline of 43.27% from a loss of ¥27,869,538.55 in the previous year[4] - The net cash flow from operating activities was negative at ¥57,448,497.35, a decrease of 105.72% compared to the previous year's negative cash flow of ¥27,925,000.57[4] - The company reported a total comprehensive loss of ¥45.90 million in Q1 2025, compared to a loss of ¥32.72 million in Q1 2024, reflecting a 40% increase in comprehensive losses[19] - Net loss for Q1 2025 was ¥42.25 million, compared to a net loss of ¥29.79 million in Q1 2024, representing a 42% increase in losses year-over-year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,741,030,123.75, an increase of 1.75% from ¥4,659,509,015.78 at the end of the previous year[5] - The company's current assets totaled CNY 3,417,969,426.05, up from CNY 3,316,191,879.18, indicating an increase of about 3.06%[15] - Total liabilities increased to CNY 3,578,489,042.36 from CNY 3,451,007,008.28, reflecting a rise of about 3.70%[16] - The company’s equity attributable to shareholders decreased to CNY 1,138,069,250.39 from CNY 1,181,707,422.65, a decline of approximately 3.66%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,083[10] - The largest shareholder, Gansu Electric Equipment Group Co., Ltd., holds 39.53% of the shares, totaling 174,607,284 shares[10] Cash and Cash Equivalents - Cash and cash equivalents increased to CNY 599,659,594.54 from CNY 449,005,960.53, representing a significant growth of approximately 33.5%[15] - Cash and cash equivalents at the end of Q1 2025 totaled ¥430.20 million, up from ¥239.64 million at the end of Q1 2024, indicating a significant increase of 79.7%[21] Operating Costs and Income - Total operating costs for Q1 2025 were ¥340.71 million, down 19.1% from ¥421.01 million in Q1 2024[18] - The company reported a significant increase in other income by 85.97%, attributed to a rise in government subsidies received[8] Borrowings - The company raised ¥685 million in borrowings during Q1 2025, an increase from ¥511.15 million in Q1 2024, indicating a 33.9% rise in financing activities[21] - The company’s short-term borrowings increased to CNY 1,351,537,478.23 from CNY 1,141,504,525.74, representing an increase of about 18.38%[16] - The company’s long-term borrowings decreased to CNY 230,130,635.64 from CNY 279,382,524.53, a decline of approximately 17.63%[16] Earnings Per Share - The basic and diluted earnings per share were both -¥0.0904, reflecting a 43.27% decline compared to -¥0.0631 in the previous year[4] - Basic and diluted earnings per share for Q1 2025 were both -¥0.0904, compared to -¥0.0631 in Q1 2024[19]

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,526,470,128.09, a decrease of 41.33% compared to ¥6,011,036,507.87 in the same period last year[4] - Net profit attributable to shareholders was ¥119,344,134.10, down 18.48% from ¥146,399,930.86 year-on-year[4] - The basic earnings per share were ¥0.1230, down 18.48% from ¥0.1509 in the same period last year[4] - The weighted average return on equity decreased by 0.74 percentage points to 1.19% from 1.93% year-on-year[4] - Net profit for Q1 2025 was ¥120,510,990.81, a decline of 18.7% from ¥148,079,808.08 in Q1 2024[19] - The company reported a total profit of ¥137,532,691.85 for Q1 2025, a decrease of 9.0% from ¥151,913,851.34 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was -¥1,331,449,114.47, indicating a significant decline in cash flow compared to -¥994,620,886.01 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥1,331,449,114.47, worsening from -¥994,620,886.01 in Q1 2024[21] - Cash flow from investing activities generated a net inflow of ¥118,453,874.90 in Q1 2025, compared to a significant inflow of ¥1,608,182,773.19 in Q1 2024[22] - The company's cash and cash equivalents decreased to RMB 2,384,176,911.83 from RMB 3,632,376,963.88, representing a decline of 34.4%[13] - The ending cash and cash equivalents balance as of Q1 2025 was $586.67 million, a decrease from $2.75 billion at the end of Q1 2024[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥30,150,225,181.59, a decrease of 7.89% from ¥32,731,730,069.85 at the end of the previous year[5] - Total liabilities decreased to RMB 22,173,676,793.78 from RMB 24,875,695,472.15, a decline of 10.8%[15] - The total assets as of March 31, 2025, were RMB 30,150,225,181.59, down from RMB 32,731,730,069.85, a decrease of 7.9%[15] - Current liabilities totaled CNY 5,890,496,133.00, down from CNY 7,124,207,212.41, a decline of about 17.3%[25] - The total liabilities decreased to CNY 6,949,348,132.47 from CNY 8,187,832,483.22, a reduction of approximately 15.1%[25] Shareholder Equity - The net assets attributable to shareholders increased by 1.54% to ¥7,865,221,502.29 from ¥7,745,874,568.89 at the end of the previous year[5] - The company's total equity increased to RMB 7,976,548,387.81 from RMB 7,856,034,597.70, an increase of 1.5%[15] - Shareholders' equity increased slightly to CNY 5,925,641,012.80 from CNY 5,887,178,516.18, reflecting a growth of about 0.7%[25] Operational Changes - The company experienced a decrease in construction workload due to changes in project schedules and delays in the commencement of new contracts[7] - The company expanded its factoring business, with the amount of factoring loans increasing by ¥236 million compared to the previous year[7] - Research and development expenses for Q1 2025 were ¥67,261,873.76, significantly lower than ¥203,976,085.71 in Q1 2024, indicating a reduction of 67.0%[18] - The company incurred financial expenses of ¥12,260,225.56 in Q1 2025, compared to a financial income of -¥3,491,095.62 in Q1 2024, marking a significant shift in financial performance[18] Investment Activities - The company reported a cash inflow of $3.72 billion from investment recoveries in Q1 2025, a notable increase from $1.50 billion in Q1 2024[31] - Investment income for Q1 2025 was CNY 48,212,663.69, up from CNY 34,070,037.05 in Q1 2024, indicating a growth of 41.6%[27]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 6,753,488,847.90, representing a 21.03% increase compared to CNY 5,579,797,885.50 in the same period last year[3]. - The net profit attributable to shareholders was CNY 15,256,118.62, a significant recovery from a loss of CNY 6,525,171.85 in the previous year[3]. - The company's operating revenue increased by 21.0% year-on-year, primarily driven by significant growth in sales of rotor compressors[12]. - Net profit attributable to shareholders turned from loss to profit, increasing by CNY 21.78 million compared to the same period last year[12]. - The company reported a total profit of ¥63.27 million in Q1 2025, recovering from a loss of ¥3.21 million in Q1 2024[21]. - The net profit for the first quarter of 2025 was a loss of CNY 6,987,128.92, contrasting with a net profit of CNY 15,051,395.79 in the same period of 2024, indicating a decline in profitability[31]. Cash Flow - The net cash flow from operating activities increased by 848.11%, reaching CNY 189,389,696.28, compared to CNY 19,975,430.96 in the same period last year[3]. - Cash flow from operating activities generated ¥189.39 million in Q1 2025, a substantial increase from ¥19.98 million in Q1 2024[24]. - In Q1 2025, the net cash flow from operating activities was $6,627,083.58, a decrease of 52.4% compared to $13,953,928.02 in Q1 2024[34]. - Cash inflow from investment activities in Q1 2025 was $618,401,552.69, significantly up from $130,108,748.70 in Q1 2024, marking an increase of 376.5%[34]. - The net cash flow from investment activities improved to $249,266,995.10 in Q1 2025, compared to a negative $153,930,043.60 in Q1 2024[34]. - The ending cash and cash equivalents balance increased to $1,260,780,942.81 in Q1 2025, up from $889,598,468.83 in Q1 2024[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,491,391,770.56, a 4.24% increase from CNY 23,494,568,287.06 at the end of the previous year[4]. - Total current assets amounted to CNY 16.53 billion as of March 31, 2025, compared to CNY 15.60 billion at the end of 2024[16]. - Total liabilities increased to CNY 16.62 billion from CNY 15.65 billion at the end of 2024[17]. - Total liabilities rose to CNY 5,061,828,569.23 as of March 31, 2025, compared to CNY 4,686,989,165.03 at the end of 2024, marking an increase of about 8%[28]. - The company reported a total equity of CNY 7.87 billion, slightly up from CNY 7.84 billion at the end of 2024[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 146,931, including 20,852 B shareholders[9]. - The largest shareholder, Shanghai Electric Group, holds 26.41% of the shares, totaling 283,433,348 shares[9]. Government Support and Future Plans - The company received government subsidies amounting to CNY 12,742,375.88, which positively impacted its financial results[5]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth[6]. Product Development - The company reported a significant increase in sales of its main product, the rotary compressor, contributing to the improved financial performance[7]. - New products such as electric compressors for new energy vehicles and heat pump air conditioners received new orders from clients including Geely and Isuzu[12]. Research and Development - Research and development expenses increased to ¥346.01 million in Q1 2025, a 52.59% rise from ¥226.92 million in Q1 2024[20]. - Research and development expenses for the first quarter of 2025 were CNY 67,082.26, indicating ongoing investment in innovation despite the overall loss[31].

Financial Performance - The company's operating revenue for Q1 2025 was ¥95,957,101.66, a decrease of 14.69% compared to ¥112,486,378.84 in the same period last year[5] - The net profit attributable to shareholders was -¥9,849,515.18, representing a significant decline of 1,542.97% from -¥599,496.32 year-on-year[5] - The company reported a basic and diluted earnings per share of -¥0.0443, a decrease of 1,540.74% from -¥0.0027 in the same period last year[5] - The weighted average return on net assets was -6.50%, a decline of 6.17% compared to -0.33% in the previous year[5] - Net loss for the current period is CNY -10,016,292.53, compared to a net loss of CNY -2,445,306.36 in the previous period, indicating a significant decline in profitability[16] - Total comprehensive income for the period was -10,016,292.53, compared to -2,445,306.36 in the previous period, indicating a significant decline[17] - The company’s total comprehensive income attributable to the parent company was -9,849,515.18, compared to -599,496.32 in the previous period, indicating a significant loss[17] Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,321,461.96, a decrease of 117.22% compared to ¥100,614,423.57 in the previous year[5] - Cash inflow from operating activities totaled 61,120,495.80, down from 172,874,557.94 in the previous period[18] - The ending cash and cash equivalents balance was 8,358,076.60, compared to 17,722,011.28 in the previous period, reflecting a decrease in liquidity[19] - The company's cash and cash equivalents rose to CNY 13,464,972.43 from CNY 7,161,603.29, enhancing financial flexibility[12] - Cash received from sales of goods and services was 51,557,002.58, an increase from 45,101,505.36 in the previous period[18] - Net cash flow from financing activities was 25,619,467.40, down from 75,777,122.87 in the previous period[19] - The company received 36,000,000.00 from financing activities, a decrease from 127,000,000.00 in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,326,699,468.71, an increase of 3.73% from ¥1,278,937,490.69 at the end of the previous year[5] - The equity attributable to shareholders decreased by 5.98% to ¥146,955,910.98 from ¥156,298,917.53 at the end of the previous year[5] - Current assets total CNY 428,745,629.09, an increase from CNY 395,896,034.66 at the beginning of the period, showing improved liquidity[12] - Non-current assets amount to CNY 897,953,839.62, up from CNY 883,041,456.03, indicating ongoing investment in long-term assets[13] - Total liabilities increased to CNY 1,100,437,827.23 from CNY 1,043,769,065.31, reflecting higher short-term obligations[14] Operational Strategy - The company plans to invest in a source-network-load-storage integration project with a total installed capacity of 580,000 kW, located in Inner Mongolia[11] - The project aims to reduce electricity costs for the negative electrode materials project and enhance overall product competitiveness[11] - Total operating costs for the current period are CNY 108,485,438.43, down from CNY 113,407,118.82, reflecting a cost reduction strategy[15] - The company reported a significant increase in sales expenses to CNY 1,128,648.46 from CNY 395,657.74, reflecting a strategic push for market expansion[15] Inventory and Receivables - Accounts receivable decreased slightly to CNY 109,064,488.28 from CNY 109,140,129.29, indicating stable collection performance[12] - Inventory increased to CNY 201,961,128.74 from CNY 172,185,859.41, suggesting potential overstocking or anticipated sales growth[12]

Financial Performance - Revenue for Q1 2025 was ¥292,317,789.36, a decrease of 51.51% compared to ¥602,851,432.78 in the same period last year[3] - Net profit attributable to shareholders was ¥4,326,093.83, a significant increase of 639.18% from a loss of ¥802,349.47 in the previous year[3] - Basic and diluted earnings per share increased to ¥0.0023, representing a 675.00% improvement from a loss of ¥0.0004 per share in the prior year[3] - Net profit for the period was ¥7.81 million, compared to a net loss of ¥3.23 million in the previous period, marking a significant turnaround[19] - Operating profit improved to ¥9.08 million from a loss of ¥1.41 million, indicating a recovery in operational performance[18] - The company reported a total comprehensive income of ¥7.81 million, compared to a loss of ¥3.23 million in the previous period[19] Cash Flow - Net cash flow from operating activities improved to ¥20,384,411.23, up 161.22% from a negative cash flow of ¥33,299,497.28 in Q1 2024[3] - Cash flow from operating activities generated a net inflow of ¥20.38 million, compared to an outflow of ¥33.30 million in the previous period[20] - Cash flow from investing activities showed a net inflow of ¥3.37 million, down from ¥63.60 million in the previous period[21] - Cash and cash equivalents at the end of the period increased to ¥449.37 million from ¥358.66 million, reflecting a growth of approximately 25.3%[21] Assets and Liabilities - Total assets decreased by 3.58% to ¥3,577,412,311.93 from ¥3,710,420,666.84 at the end of the previous year[3] - As of March 31, 2025, total current assets decreased to RMB 2,883,089,155.15 from RMB 3,009,487,545.91 at the beginning of the period, a decline of approximately 4.2%[15] - Total non-current assets decreased to RMB 694,323,156.78 from RMB 700,933,120.93, reflecting a decrease of about 0.7%[15] - Total current liabilities decreased to RMB 1,588,391,442.63 from RMB 1,728,600,022.89, a reduction of about 8.1%[16] - Total liabilities decreased to RMB 1,600,280,051.39 from RMB 1,741,198,776.13, reflecting a decrease of approximately 8.1%[16] - The company's total equity increased to RMB 1,977,132,260.54 from RMB 1,969,221,890.71, showing a slight increase of about 0.4%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 116,848, with no preferred shareholders having restored voting rights[8] - The largest shareholder, Fujian Shantian Industrial Development Co., Ltd., holds 17.13% of shares, totaling 330,974,823 shares, with 122,000,000 shares pledged[8] - The top ten shareholders hold a significant portion of shares, with the first ten shareholders collectively holding over 330 million shares, indicating concentrated ownership[8] Investments and Acquisitions - Research and development expenses rose by 44.30% to ¥672,645.52 compared to ¥466,128.11 in Q1 2024[7] - The company reported a 255.47% increase in fair value gains to ¥1,678,196.69 from ¥472,109.60 in the same period last year[7] - Investment income decreased by 72.69% to ¥464,067.46 from ¥1,699,335.90 in Q1 2024[7] - The acquisition of Dacheng Biological has performance commitments for net profits from 2021 to 2023, with the original shareholder required to compensate for unmet targets[12] - Dacheng Biological has established a new subsidiary in Lianjiang County, with the project investment contract signed and land use permits obtained[12] - The company has received a total of 79.3153 million yuan in compensation for the relocation of Dacheng Biological's facilities[12] Legal and Operational Issues - The company is undergoing bankruptcy reorganization for the Zhongfu Haixia Building Materials City project due to ongoing debt issues and litigation, with the matter still under material review by the court[10] - The total construction area of the Zhongfu Haixia Plaza project is approximately 322,000 square meters, with part of the properties being delivered under the "guarantee of delivery" requirement[10] - The company has initiated legal action against Evergrande Group for overdue payments related to equity transfer agreements[11] - The company is actively pursuing strategies to mitigate risks associated with the real estate market downturn and ongoing litigation[10] Share Repurchase - The company plans to repurchase shares using between RMB 80 million and RMB 160 million, with a maximum price of RMB 2.52 per share[13] - As of March 31, 2025, the company has repurchased a total of 37,776,600 shares, accounting for approximately 1.9555% of the total share capital[13] - The total amount spent on share repurchase reached RMB 56,191,215, excluding transaction fees[13] - The company will continue to make repurchase decisions based on market conditions within the designated timeframe[13]

Financial Performance - The company's revenue for Q1 2025 reached ¥6,865,069,300.44, representing a 2.36% increase compared to ¥6,706,917,768.69 in the same period last year[7] - Net profit attributable to shareholders was ¥134,335,350.38, a significant turnaround from a loss of ¥209,459,753.17, marking a 164.13% improvement[7] - The net profit after deducting non-recurring gains and losses was ¥62,959,649.76, compared to a loss of ¥222,115,271.05, reflecting a 128.35% increase[7] - Net profit for the current period was ¥212,010,194.14, a significant recovery from a net loss of ¥250,266,231.97 in the previous period[28] - The company's basic earnings per share improved to ¥0.03 from a loss of ¥0.05, reflecting a 160.00% increase[7] - The company reported a basic earnings per share of ¥0.03, recovering from a loss of ¥0.05 in the previous period[28] Assets and Liabilities - The company's total assets increased by 3.88% to ¥30,265,549,873.47 from ¥29,135,597,310.44 at the end of the previous year[7] - Total assets increased to ¥30,265,549,873.47 from ¥29,135,597,310.44, reflecting a growth of about 3.9%[24] - Total liabilities increased to ¥11,000,000,000, indicating a significant rise in financial obligations[24] - The total liabilities increased to ¥19,496,302,748.27, up from ¥18,486,899,296.02 at the beginning of the period[25] - Total equity rose to ¥10,769,247,125.20, compared to ¥10,648,698,014.42 at the beginning of the period[25] Cash Flow - Cash flow from operating activities showed a net outflow of ¥556,028,811.32, but this was an improvement of 33.24% compared to the outflow of ¥832,883,521.44 in the same period last year[7] - The net cash flow from operating activities was -¥556,028,811.32, an improvement from -¥832,883,521.44 in the previous period[29] - The company's cash inflow from operating activities totaled ¥6,626,806,453.96, compared to ¥6,407,729,440.34 in the previous period[29] - Cash inflow from financing activities totaled 5,333,231,055.91, up from 3,173,045,870.53, representing an increase of about 68%[30] - Net cash flow from financing activities was 1,473,430,068.70, a significant turnaround from -720,333,569.54 in the previous period[30] - The net increase in cash and cash equivalents was 800,059,264.31, compared to a decrease of 1,720,966,526.81 in the prior period[30] - The ending balance of cash and cash equivalents was 4,572,656,750.83, up from 2,852,421,012.07, reflecting a growth of approximately 60%[30] Investments - The company reported a significant increase in investment income, reaching ¥137,950,373.80, compared to a loss of ¥29,231,422.98 in the previous year, marking a 571.92% increase[14] - Investment income for the current period was ¥137,950,373.80, a turnaround from a loss of ¥29,231,422.98 in the previous period[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 231,218[19] - The largest shareholder, Shao Genhuo, holds 22.73% of shares, amounting to 977,200,026 shares, with 499,635,000 shares pledged[19] Operational Highlights - The company is focusing on expanding its market presence and developing new technologies to enhance its product offerings[22] - Future guidance indicates a positive outlook with expected revenue growth driven by new product launches and market expansion strategies[22] Inventory and Receivables - Accounts receivable rose to ¥1,399,281,818.54 from ¥1,000,002,379.41, indicating a 39.9% increase[23] - The company's inventory decreased to ¥4,424,974,952.27 from ¥4,568,776,737.40, showing a decline of about 3.1%[23] Borrowings - The company’s long-term borrowings rose by 41.09% to ¥2,739,852,666.53, attributed to increased loans for fixed asset projects[12] - Short-term borrowings increased to ¥8,464,267,045.72 from ¥7,300,277,966.26, which is an increase of approximately 15.9%[24] Accounting Standards - The company did not undergo an audit for the first quarter report[31] - The new accounting standards were first implemented in 2025, affecting the financial statements[32]

Financial Performance - The company's operating revenue for Q1 2025 was ¥452,119,969.79, a decrease of 22.27% compared to ¥581,691,001.68 in the same period last year[3] - The net profit attributable to shareholders was ¥18,499,176.25, down 39.82% from ¥30,739,368.29 year-on-year[3] - Basic and diluted earnings per share decreased by 50.00%, from ¥0.04 to ¥0.02[3] - The company reported a net loss of CNY 1,914,023,406.35, an improvement from a net loss of CNY 1,932,522,582.60 in the previous period[14] - The net profit for the current period is 18,855,007.11, a decrease of 39.5% compared to 31,137,825.62 in the previous period[18] - Operating profit for the current period is 23,561,806.87, down 34.4% from 35,955,833.29 in the previous period[18] - Total profit for the current period is 24,196,720.51, a decline of 37.7% compared to 38,810,915.19 in the previous period[18] - The company reported sales revenue of 309,625,785.38, a decrease of 39.2% from 509,722,231.34 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥179,940,705.79, an improvement of 15.13% compared to -¥212,015,808.16 in the previous year[3] - Cash flow from operating activities shows a net outflow of -179,940,705.79, improving from -212,015,808.16 in the previous period[20] - Cash and cash equivalents decreased by 45.95% year-on-year, primarily due to increased restricted cash for acceptance bills[8] - Cash and cash equivalents at the end of the period amounted to CNY 461,455,379.42, a decrease of 11.5% from CNY 521,489,938.85 at the beginning of the period[12] - Cash and cash equivalents at the end of the period amount to 226,341,631.14, down from 418,744,268.63 in the previous period[21] - The company’s total cash inflow from financing activities is 665,407,900.61, slightly down from 671,846,211.49 in the previous period[21] - The company’s total cash outflow from investing activities is 16,332,745.34, compared to 15,788,314.50 in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,049,816,701.24, a slight decrease of 0.06% from ¥2,051,047,821.36 at the end of the previous year[3] - Total assets decreased slightly to CNY 2,049,816,701.24 from CNY 2,051,047,821.36, a decline of 0.1%[14] - Total liabilities decreased to CNY 1,915,731,197.13 from CNY 1,935,817,324.36, a reduction of 1.0%[14] - The company's equity attributable to shareholders increased to CNY 153,021,601.65 from CNY 134,522,425.40, an increase of 13.7%[14] - Short-term borrowings decreased to CNY 682,185,039.73 from CNY 704,846,127.84, a decline of 3.2%[13] Operational Metrics - The company reported a 39.26% decrease in cash received from sales of goods and services compared to the previous year[8] - Total operating costs for the current period were CNY 428,104,319.98, down 20.9% from CNY 541,279,571.75 in the previous period[16] - Accounts receivable increased to CNY 319,682,576.81 from CNY 291,583,598.00, reflecting a growth of 9.6%[12] - Inventory rose to CNY 167,097,279.41, up 11.8% from CNY 149,474,811.92[13] - The company experienced a 333.47% increase in financial expenses year-on-year, attributed to reduced interest income from maturing deposits[7] - The company incurred financial expenses of 7,562,338.98, compared to a financial income of -3,239,154.66 in the previous period[18] - The weighted average return on equity was 12.87%, down 15.27% from 28.14% in the same period last year[3] - The number of ordinary shareholders at the end of the reporting period was 53,714[9]

Revenue and Profitability - The company's revenue for Q1 2025 reached ¥240,098,237.36, an increase of 83.78% compared to ¥130,646,765.98 in the same period last year[5] - Net profit attributable to shareholders was ¥10,199,386.70, a significant turnaround from a loss of ¥11,495,332.48 in the previous year, representing a growth of 188.73%[5] - The net profit after deducting non-recurring gains and losses was ¥7,142,366.89, up 147.51% from a loss of ¥15,033,041.08 in the same period last year[5] - The net profit for the current period was not explicitly stated, but the increase in operating revenue suggests a positive trend in profitability[33] - The company reported a net profit of ¥10,455,442.05, compared to a net loss of ¥11,368,013.91 in the previous period, indicating a significant turnaround in profitability[34] - Operating profit was ¥12,417,079.22, while the previous period showed an operating loss of ¥11,383,178.92, reflecting a strong operational performance[34] - The basic and diluted earnings per share were both ¥0.016, a recovery from a loss of ¥0.018 per share in the previous period[34] Assets and Liabilities - The company's total assets increased by 10.24% to ¥3,502,762,858.93 from ¥3,177,410,099.96 at the end of the previous year[11] - The total liabilities rose by 18.65% to ¥1,980,264,082.99, up from ¥1,668,966,416.80 at the end of the previous year[11] - Cash and cash equivalents increased to ¥658,169,938.40 from ¥519,725,673.31, reflecting a growth of approximately 26.7%[30] - Inventory levels rose to ¥809,227,750.62 from ¥691,358,719.71, indicating an increase of about 17.0%[30] - Short-term borrowings increased significantly to ¥534,519,836.11 from ¥309,842,530.99, representing an increase of approximately 72.6%[31] - Non-current liabilities rose to ¥1,044,738,018.02 from ¥821,330,699.20, indicating an increase of approximately 27.3%[31] - The company's total equity increased to ¥1,522,498,775.94 from ¥1,508,443,683.16, reflecting a growth of about 0.9%[32] Operating Costs and Expenses - Operating costs increased by 60.15% to ¥179,551,769.70, compared to ¥112,115,671.90 in the same period last year[12] - Total operating costs for the current period were ¥232,163,126.67, compared to ¥155,255,737.28 in the previous period, indicating an increase of about 49.6%[33] - The company incurred total operating expenses of ¥305,826,710.66, which increased from ¥292,230,657.28 in the previous period, reflecting rising costs[35] - R&D expenses increased by 60.33% year-on-year, totaling ¥16,511,461.42, primarily due to ongoing projects in compound semiconductor materials and photovoltaic-grade germanium products[18] - Financial expenses rose by 85.65% year-on-year to ¥13,681,486.21, mainly due to the amortization of financial liabilities related to the repurchase obligation of minority interests[19] - Credit impairment losses increased by 164.08% year-on-year, amounting to -¥2,974,697.55, attributed to higher provisions for bad debts on accounts receivable[19] - Income tax expenses surged by 2621.02% year-on-year to ¥1,962,796.26, driven by an increase in total profit[20] Cash Flow - Cash flow from operating activities was negative at -¥98,906,540.48, worsening by 66.04% compared to -¥59,569,115.40 in the previous year[5] - Operating cash inflows decreased by 11.06% year-on-year to ¥206,920,170.18, mainly due to cash received from sales being lower than the previous year[22] - Operating cash outflows increased by 4.65% year-on-year to ¥305,826,710.66, primarily due to higher raw material purchases and performance-related payments to employees[22] - Net cash flow from operating activities declined by 66.04% year-on-year to -¥98,906,540.48, reflecting reduced cash receipts from sales[22] - Cash inflows from financing activities rose by 80.99% year-on-year to ¥452,262,750.00, mainly due to increased investments from new shareholders and bank loans[22] - The company raised ¥452,000,000.00 through borrowings, compared to ¥248,383,857.47 in the previous period, indicating increased financing activities[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 106,815, with the top ten shareholders holding significant stakes[26] - The largest shareholder, Lincang Feixiang Smelting Co., Ltd., holds 13.72% of shares, amounting to 89,579,232 shares, with 41,500,000 shares pledged[26] Future Outlook - The company plans to continue expanding its product offerings and market presence, focusing on new technologies and potential acquisitions[9] - The company did not report any significant new product launches or market expansions during this period[37]

Financial Performance - The company's revenue for Q1 2025 was ¥761,027,163.26, a decrease of 4.16% compared to ¥794,034,958.22 in the same period last year[4] - The net profit attributable to shareholders was -¥40,817,632.25, representing a decline of 105.52% from -¥19,860,725.34 year-on-year[4] - The total profit for the period was -¥43,707,266.83, a decrease of 89.54% from -¥23,059,621.31 year-on-year[7] - Net profit for the current period is -¥41,142,134.36, compared to -¥20,279,611.16 in the previous period, indicating a significant increase in losses[18] Cash Flow - The net cash flow from operating activities was -¥120,151,126.04, slightly worse than -¥116,838,883.17 in the previous year, a decrease of 2.83%[4] - The company's cash inflow from operating activities totaled ¥1,092,387,981.65, an increase from ¥1,011,482,528.72 in the previous period[19] - The net cash inflow from investment activities was $11,252,915.51, a significant decrease from $641,121,243.06 in the previous period[20] - The total cash and cash equivalents at the end of the period were $417,300,484.01, down from $541,837,012.38, reflecting a decrease of about 23%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,117,227,291.26, an increase of 0.61% from ¥7,073,894,680.27 at the end of the previous year[4] - Total liabilities amount to ¥2,611,092,167.75, an increase from ¥2,542,020,917.38 in the previous period[14] - The equity attributable to shareholders decreased by 0.72% to ¥4,402,299,216.39 from ¥4,434,251,875.35 at the end of the previous year[4] Investment and Expenses - The company's investment income dropped significantly by 99.54% to ¥106,323.72 from ¥23,286,828.55 in the previous year[7] - The company reported a decrease in financial expenses, with interest expenses at ¥9,654,117.23, down from ¥17,560,560.33 in the previous period[17] Inventory and Receivables - Inventory increased to CNY 913,241,280.09 from CNY 849,770,789.50, representing a rise of approximately 7.46%[13] - Accounts receivable rose to CNY 377,868,304.49 from CNY 389,475,417.97, showing a decrease of about 2.73%[13] Other Financial Metrics - The basic and diluted earnings per share were both -¥0.045, a decline of 114.29% compared to -¥0.021 in the same period last year[4] - Other comprehensive income after tax for the current period is ¥9,050,927.58, compared to -¥397,076.95 in the previous period[18] Prepayments - The company reported a 124.52% increase in prepayments to ¥155,766,582.75, primarily due to payments for raw materials not yet settled[7] - The company reported a significant increase in prepayments, which rose to CNY 155,766,582.75 from CNY 69,378,001.24, reflecting a growth of approximately 124.67%[13] Audit Status - The company’s first quarter report was not audited, which may affect the reliability of the financial data presented[21]

Financial Performance - The company's operating revenue for Q1 2025 was ¥836,388,483.21, a decrease of 16.62% compared to ¥1,003,093,278.09 in the same period last year[5] - Net profit attributable to shareholders was ¥236,828,686.83, down 43.03% from ¥415,718,640.20 year-on-year[5] - The company's gross profit margin decreased due to a reduction in revenue from high-margin wind and photovoltaic power generation businesses, with electricity settlement volume down 31.17% year-on-year[5] - The company's basic and diluted earnings per share were both ¥0.13, a decrease of 53.57% from ¥0.28 in the same period last year[5] - Operating profit fell to ¥311,186,583.96, down 44.5% from ¥560,785,042.44 in the previous period[26] - Net profit decreased to ¥270,405,107.31, a decline of 45.5% compared to ¥497,862,810.15 in the same period last year[26] Cash Flow - The net cash flow from operating activities increased by 145.77% to ¥222,550,615.93, compared to ¥90,551,212.63 in the previous year[5] - Cash flow from operating activities increased to ¥222,550,615.93, up from ¥90,551,212.63, showing a significant improvement[27] - The net cash flow from financing activities improved to ¥2,307,800,593.63, up from ¥1,181,570,837.45, indicating a strong financing position[28] - Net cash flow from investing activities decreased by CNY 1,018,926,455.50, a reduction of 4254.42%, primarily due to increased payments for multi-energy complementary projects[13] - Net cash flow from financing activities increased by CNY 1,126,229,756.18, an increase of 95.32%, mainly due to increased bank loans for multi-energy complementary projects[13] Assets and Liabilities - Total assets at the end of the reporting period reached ¥28,227,522,299.16, an increase of 11.90% from ¥25,225,062,185.89 at the end of the previous year[5] - Current assets reached CNY 11.65 billion, up from CNY 9.57 billion, indicating a growth of about 22%[22] - Non-current assets totaled CNY 16.58 billion, compared to CNY 15.66 billion previously, marking an increase of approximately 5.87%[23] - Total liabilities increased to CNY 15.32 billion from CNY 12.59 billion, representing a rise of about 21.6%[24] - The company's cash and cash equivalents rose to CNY 6.97 billion from CNY 5.49 billion, reflecting an increase of approximately 26.9%[22] - Long-term borrowings increased significantly to CNY 9.73 billion from CNY 7.80 billion, a growth of about 24.7%[23] - The company's equity attributable to shareholders reached CNY 10.51 billion, up from CNY 10.28 billion, indicating a growth of approximately 2.2%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 125,437[15] - The largest shareholder, Sichuan Energy Investment Group Co., Ltd., holds 30.43% of the shares, totaling 561,714,254 shares[15] - The controlling shareholder increased its stake by acquiring 27,779,800 shares, representing 1.50% of the total share capital, with a total investment of CNY 299,671,800[18] - The shareholding structure indicates significant ownership by state-owned enterprises, with the top three shareholders being state-owned entities[15] Strategic Changes - The company completed a strategic restructuring with Sichuan Investment Group, resulting in the establishment of Sichuan Energy Development Group as the new controlling shareholder, effective from February 27, 2025[19] - The company transferred 100% equity of Sichuan Chuaneng Energy Conservation and Environmental Protection Engineering Co., Ltd. to Sichuan Energy Investment Resource Recycling Investment Co., Ltd., with the final price determined by an audit report[20] Other Financial Metrics - The company reported a significant increase in other income, which rose by 323.26% to ¥18,073,159.47, primarily due to increased VAT refunds[9] - The company's operating costs increased by 34.26% to ¥399,832,706.19, mainly due to the production commencement of a lithium project[11] - The company experienced a 90.07% increase in taxes and surcharges, reflecting higher resource taxes from increased sales of lithium concentrate[11] - Credit impairment losses decreased by CNY 10,013,004.52, a reduction of 1029.98% compared to the same period last year, primarily due to increased bad debt provisions for accounts receivable from equipment sales[12] - Asset impairment losses increased by CNY 17,117,826.57, an increase of 93.80%, mainly due to inventory write-downs at Sichuan Energy Investment Lithium Industry Co., Ltd.[12] - Income tax expenses decreased by CNY 22,063,400.82, a reduction of 35.13%, attributed to decreased revenue from wind and photovoltaic power generation[12] - Research and development expenses decreased to ¥1,764,019.37 from ¥2,502,187.09, reflecting a reduction of approximately 29.5%[25] - Total operating costs increased to ¥531,830,321.88, up from ¥433,188,338.29, indicating a rise of about 22.8% year-over-year[25]