Financial Performance - The company's operating revenue for Q1 2025 was ¥1,500,809,475.09, a decrease of 13.77% compared to ¥1,740,573,333.15 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥24,602,329.85, representing a decline of 183.56% from a loss of ¥8,676,243.70 in Q1 2024[4] - The company’s basic and diluted earnings per share were both -¥0.013, a decline of 160.00% from -¥0.005 in Q1 2024[4] - Net profit for the current period is -¥25,274,925.17, compared to -¥7,059,763.85 in the previous period, indicating a significant increase in losses[24] Cash Flow and Liquidity - The cash flow from operating activities improved by 28.71%, amounting to -¥344,170,127.38 compared to -¥482,746,460.57 in the previous year[4] - The company reported a total cash balance of ¥1,857,522,160.33 as of March 31, 2025, down from ¥1,902,101,728.59 at the beginning of the period, indicating a decrease of approximately 2.3%[19] - Cash inflow from investment activities was significantly lower at 12,228,101.88 CNY, down from 120,313,041.10 CNY in the prior period[25] - The company reported a decrease in cash received from sales of goods and services to 923,241,455.66 CNY, down from 1,624,129,012.58 CNY[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,447,715,423.40, reflecting a 1.05% increase from ¥11,328,823,020.30 at the end of the previous year[5] - Total liabilities are ¥9,824,649,834.57, up from ¥9,682,205,297.96 in the previous period[21] - Current liabilities total ¥8,294,743,605.78, an increase of 2.57% from ¥8,087,818,143.57 in the previous period[21] - Non-current liabilities amount to ¥1,529,906,228.79, a decrease from ¥1,594,387,154.39 in the previous period[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 154,734, with the largest shareholder, Yunnan Yunnei Power Group Co., Ltd., holding 33.34% of the shares[15] - The company has a significant shareholder, Yunnan Yunnei Power Group Co., Ltd., holding 650,142,393 shares, which constitutes a controlling stake[16] - The company has a total of 10 major shareholders, with no known relationships or agreements among them that could affect voting rights[16] Impairment and Losses - The company reported a significant increase in credit impairment losses, amounting to ¥1,378,283.05, compared to a gain of -¥9,874,424.50 in Q1 2024, marking a 113.96% change[13] - The company experienced a 340.95% increase in asset impairment losses, totaling ¥9,250,428.96, compared to -¥3,839,070.68 in the previous year[13] - The company recorded a 61.26% decrease in other income, which amounted to ¥3,255,276.76, down from ¥8,403,141.09 in the same period last year[13] Regulatory and Compliance - The company is currently under investigation by the China Securities Regulatory Commission for alleged violations of information disclosure laws, with no conclusion reached yet[17] - The company is actively cooperating with the ongoing investigation and will ensure timely disclosures as required by law[17] Research and Development - Research and development expenses for the current period are ¥61,689,128.82, slightly down from ¥64,631,994.22 in the previous period[24]

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,787,400,489.10, a decrease of 8.62% compared to ¥1,956,019,373.24 in the same period last year[2] - Net profit attributable to shareholders increased by 2.85% to ¥142,558,450.11 from ¥138,606,060.91 year-on-year[2] - The net profit after deducting non-recurring gains and losses rose by 21.24% to ¥132,602,679.55, compared to ¥109,369,939.21 in the previous year[2] - Operating profit for the current period is ¥196,717,301.58, an increase of 3.4% compared to ¥190,443,878.59 in the previous period[19] - Net profit for the current period is ¥142,258,773.04, up 2.4% from ¥138,606,060.91 in the previous period[19] - Basic and diluted earnings per share for the current period are both ¥0.19, compared to ¥0.18 in the previous period[20] Cash Flow and Assets - The net cash flow from operating activities significantly decreased by 81.47% to ¥106,554,078.25 from ¥575,118,635.51 in the same period last year[2] - Cash flow from operating activities for the current period is ¥106,554,078.25, a significant decrease from ¥575,118,635.51 in the previous period[21] - Cash flow from investing activities shows a net outflow of ¥291,830,147.96, compared to a net outflow of ¥208,460,714.28 in the previous period[22] - Cash flow from financing activities results in a net inflow of ¥144,120,013.56, down from ¥258,228,925.55 in the previous period[22] - The ending cash and cash equivalents balance is ¥2,593,804,469.32, a decrease from ¥3,653,646,348.00 in the previous period[22] - The company's cash and cash equivalents decreased from approximately 2.69 billion yuan at the beginning of the period to about 2.66 billion yuan at the end of the period[14] Balance Sheet - Total assets at the end of the reporting period were ¥30,360,841,471.23, a slight decrease of 0.08% from ¥30,385,433,633.76 at the end of the previous year[2] - As of March 31, 2025, the total assets amounted to approximately 30.36 billion yuan, while total liabilities were about 19.24 billion yuan[16] - Shareholders' equity attributable to the parent company increased by 1.32% to ¥11,122,141,257.95 from ¥10,976,763,782.62[2] - The company's total equity increased from approximately 10.98 billion yuan to about 11.13 billion yuan during the reporting period[16] Receivables and Borrowings - Accounts receivable increased by 41.15% to ¥37,499,272.86, primarily due to an increase in receivables from subsidiaries[5] - Short-term borrowings rose by 73.83% to ¥1,130,750,583.33, reflecting an increase in bank loans[5] Other Income and Activities - The company reported a significant increase of 261.17% in other income to ¥9,229,591.30, attributed to increased government subsidies[5] - The company received a registration notice for medium-term notes with a total amount of 1.5 billion yuan, valid for 2 years from February 12, 2025[8] - The company established a joint venture with Wangfujing Group to operate duty-free shops in Wuhan, completing the registration process[9] - The company approved a valuation enhancement plan on February 27, 2025, to improve its market valuation[10] - The company held an online performance briefing for the 2024 annual report on April 18, 2025[10] Stock Performance - The company's stock price experienced abnormal fluctuations, with a cumulative increase exceeding 20% over three consecutive trading days in early April 2025[11] - The company issued a short-term financing bond of 500 million yuan on April 17, 2025, with a maturity of 270 days and an interest rate of 1.92%[11] - The company successfully redeemed a previous short-term financing bond of 500 million yuan on April 22, 2025[12]

Financial Performance - The company's operating revenue for 2024 was CNY 4,731,422,450, representing a decrease of 11.01% compared to CNY 5,316,816,770 in 2023[20] - The net profit attributable to shareholders for 2024 was CNY 1,217,127,620, a decrease of 5.81% from CNY 1,292,140,420 in 2023[20] - The net profit after deducting non-recurring gains and losses was CNY 1,190,354,420, down 9.89% from CNY 1,321,015,940 in the previous year[20] - The company's net cash flow from operating activities for 2024 was ¥867,008,366, a decrease of 57.61% compared to ¥2,045,514,991 in 2023[21] - The total revenue for 2024 was ¥4,731,422,456.95, down from ¥5,316,816,774.69 in 2023, representing a decline of approximately 11%[22] - The net profit attributable to shareholders for 2024 was negative at -¥892,652,112.92, with a significant increase in losses compared to -¥224,675,053.20 in the third quarter of 2023[27] - The company's total assets decreased by 11.78% to ¥11,328,823,020 at the end of 2024 from ¥12,860,720,700 at the end of 2023[21] - The net assets attributable to shareholders fell by 42.83% to ¥1,637,020,520 in 2024 from ¥2,953,581,440 in 2023[21] Dividend and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for the fiscal year[5] - The company decided not to distribute cash dividends for the fiscal year 2023 due to a net loss, with available distributable profits being negative[166] Market and Product Development - The company is focusing on the research and development of gasoline engines in response to regulatory changes in the light truck market[19] - The company has maintained its commitment to diesel engine research, production, and sales since its establishment in 1999[19] - The company is actively exploring opportunities for market expansion and technological advancements in its product offerings[19] - The company is actively optimizing engine products to comply with new fuel consumption standards set to take effect in 2026[32] - The company is focusing on expanding its product strategy to include traditional and new energy power systems, including hybrid and hydrogen fuel cell technologies[39] - The company is advancing its new energy product development, with hybrid products already launched in collaboration with major automotive manufacturers[54] Sales and Production - The company sold 353,900 engines in 2024, a decrease of 5.15% year-on-year, reflecting the downturn in the commercial vehicle market[31] - The diesel engine market saw a decline in sales, with a total of 4,931,400 units sold in 2024, down 3.62% from the previous year[31] - The sales volume of engines during the reporting period was 353,933 units, representing a decrease of 5.15% compared to the previous year[42] - Engine sales volume dropped by 5.15% to 353,933 units, and production volume decreased by 9.13% to 329,430 units[60] Research and Development - The company has achieved an annual production capacity of 850,000 engines across its main production bases in Kunming, Chengdu, Qingzhou, and Hefei[41] - The company has developed the YN30NF gas engine, which is the first domestically mass-produced National VI four-cylinder gas engine, and has achieved batch sales of the G20TNF gas engine[36] - The company has a total of 335 valid patents in the engine field, including 231 utility model patents, 68 design patents, and 36 invention patents[43] - The company increased its R&D spending, which contributed to a rise in the gross margin per engine unit compared to the previous year[49] - R&D investment rose by 4.08% to approximately CNY 457.74 million, accounting for 9.67% of operating revenue[71] - R&D personnel decreased by 1.84% to 320 in 2024, while the proportion of R&D personnel increased to 12.34%[71] Corporate Governance - The company has a clear and independent operational structure, with no interference from the controlling shareholder in business decisions[121] - The company has established an independent financial department with a complete accounting system, ensuring compliance with tax regulations[123] - The company has a robust internal control system to enhance operational compliance and protect shareholder interests[110] - The company is committed to maintaining effective communication with stakeholders to balance interests and promote sustainable development[119] - The company has acknowledged the need for improvements in information disclosure practices following regulatory feedback[117] Environmental Compliance - The company has complied with various environmental protection laws and standards, ensuring no environmental violations occurred during the reporting period[184] - The company applied for a new pollution discharge permit on November 23, 2023, valid until November 22, 2028[184] - The total amount of hazardous waste disposed of by the company was 310.8 tons, with no exceedances reported[185] - The company has established dedicated environmental management departments to oversee environmental protection efforts and has implemented training programs for staff[188] - The company has made significant investments in upgrading and maintaining environmental protection facilities to ensure compliance with pollution discharge standards[189] Future Outlook - The company anticipates that the market for energy-saving and clean engine products, including non-road pure electric and hybrid products, will expand due to environmental requirements and national policies[94] - In 2025, the company aims to enhance its product quality and efficiency through technological innovation in diesel engines, hybrid systems, and hydrogen fuel cells, while also accelerating international business expansion[95] - The company expects improved profitability in its engine-related business due to market recovery and product optimization, with a focus on expanding into engineering machinery and agricultural machinery sectors[96] Employee and Management Structure - The total number of employees at the end of the reporting period was 2,594, with 1,354 in the parent company and 1,240 in major subsidiaries[162] - The company has established a salary system based on job value assessment to promote fairness and motivate employees[164] - The company plans to conduct 65 training programs in 2025, focusing on enhancing employee skills and performance[165] - The company has a total of 12 board members, including 6 independent directors[128] - The company has a stock incentive plan in place, with 250,000 shares allocated for management and 100,000 shares for other employees[129]

Financial Performance - The company's revenue for Q1 2025 reached ¥605,932,829.37, representing a 16.50% increase compared to ¥520,106,556.00 in the same period last year[5] - Net profit attributable to shareholders was ¥83,080,731.18, a significant increase of 50.66% from ¥55,145,925.84 year-on-year[5] - Basic and diluted earnings per share both increased by 50.00% to ¥0.42 from ¥0.28 in the same period last year[5] - Operating profit for the current period was ¥94,766,670.06, up 47.2% from ¥64,372,835.44 in the previous period[20] - Net profit attributable to the parent company was ¥83,080,731.18, representing a 50.6% increase from ¥55,145,925.84 in the previous period[20] Cash Flow and Investments - The net cash flow from operating activities surged by 170.17% to ¥77,070,515.89, compared to ¥28,526,967.48 in the previous year[5] - The company incurred a net cash outflow from investing activities of ¥21,974,716.85, an improvement from a net outflow of ¥24,658,387.84 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,783,717,062.54, reflecting a 0.50% increase from ¥2,769,880,939.74 at the end of the previous year[5] - Current assets totaled CNY 1,694,080,225.36, compared to CNY 1,670,441,070.85 at the start of the period, reflecting a growth of approximately 1.4%[15] - Total liabilities decreased to CNY 869,648,220.00 from CNY 879,963,561.37, a reduction of approximately 1.4%[16] - The company's equity remained stable with total equity at CNY 1,914,068,842.54, reflecting a slight change from the previous period[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,325[11] - The company repurchased 2,445,000 shares, accounting for 1.21% of the total share capital[12] - The top shareholder, Shandong LianKe Industrial Group Co., Ltd., holds 48.89% of the shares, with a total of 98,939,604 shares[12] Other Income and Expenses - The company reported a 52.57% increase in other income, totaling ¥5,679,258.61, primarily due to increased VAT refunds[9] - Research and development expenses increased to ¥22,153,034.14, up 26.5% from ¥17,449,264.74 in the previous period[19] Accounting and Reporting - The first quarter report is unaudited[23] - The new accounting standards will be implemented starting in 2025[23] - The financial statement adjustments related to the first year of implementation will be disclosed[23] - The board of directors of Shandong LianKe Technology Co., Ltd. issued the report on April 30, 2025[23]

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,454,324,789.16, a decrease of 7.25% compared to ¥1,568,036,490.60 in the same period last year[4] - Net profit attributable to shareholders was ¥100,844,222.94, down 5.47% from ¥106,677,127.35 year-on-year[4] - Basic earnings per share decreased to ¥0.21, a decline of 4.55% from ¥0.22 in the same period last year[4] - Net profit for Q1 2025 was ¥102,235,536.92, a decrease of 6.99% from ¥108,997,363.62 in Q1 2024[21] - The total comprehensive income for the first quarter of 2025 was CNY 102,235,536.92, compared to CNY 108,997,363.62 in the first quarter of 2024, reflecting a decrease of approximately 6.9%[22] - The net profit for Q1 2025 was CNY 35,120,112.37, down 40.6% from CNY 59,159,251.90 in Q1 2024[33] Cash Flow - The net cash flow from operating activities increased by 8.7% to ¥218,528,173.21, compared to ¥201,038,600.22 in the previous year[4] - The net cash flow from operating activities for Q1 2025 was negative at CNY -83,165,807.96, compared to a positive CNY 32,758,184.91 in Q1 2024[35] - The cash inflow from investment activities for Q1 2025 was CNY 104,337,234.11, significantly lower than CNY 402,882,937.72 in Q1 2024, reflecting a decrease of approximately 74.1%[25] - The cash inflow from investment activities in Q1 2025 was CNY 114,404,785.98, significantly lower than CNY 435,818,037.56 in Q1 2024[35] - The net cash flow from financing activities for Q1 2025 was CNY 180,335,199.25, compared to CNY 52,957,330.80 in Q1 2024, indicating a substantial increase of about 240.5%[26] Assets and Liabilities - Total assets as of March 31, 2025, were ¥7,647,141,781.42, reflecting a 2.70% increase from ¥7,446,203,609.51 at the end of the previous year[6] - Total liabilities increased to ¥3,641,342,728.19 from ¥3,554,030,506.19, reflecting a rise of 2.45%[17] - The total liabilities as of March 31, 2025, were CNY 1,671,506,519.87, compared to CNY 1,700,472,030.08 at the end of 2024, showing a decrease of about 1.7%[29] - The total liabilities decreased to CNY 2,537,562,519.87 in Q1 2025 from CNY 2,613,452,030.08 in Q1 2024, reflecting a reduction of 2.9%[30] Shareholder Information - The company had a total of 16,018 common shareholders at the end of the reporting period[8] - The top ten shareholders collectively held 47.75% of the company's total equity, with the largest shareholder, Anhui Energy Group, holding 41.56%[11] Equity and Investments - The total equity attributable to shareholders was ¥3,417,050,823.39, up from ¥3,300,285,057.30 at the end of the previous year[6] - The total equity increased to CNY 3,094,819,616.29 in Q1 2025 from CNY 3,046,960,083.63 in Q1 2024, representing a growth of 1.6%[30] - The company's long-term equity investments as of March 31, 2025, were valued at CNY 2,753,430,890.27, up from CNY 2,739,621,204.81 at the end of 2024, representing an increase of approximately 0.5%[28] Expenses - Total operating costs for Q1 2025 were ¥1,330,089,677.23, down from ¥1,430,026,940.50 in Q1 2024, reflecting a reduction of 6.93%[20] - Research and development expenses for Q1 2025 were ¥1,747,542.95, compared to ¥1,330,843.95 in Q1 2024, marking an increase of 31.4%[21] - The company reported a decrease in financial expenses to ¥13,320,235.36 from ¥16,963,737.19, a reduction of 21.5%[21] - The financial expenses for Q1 2025 were CNY 9,835,584.49, a decrease of 28.5% from CNY 13,682,435.88 in Q1 2024[32] - Investment income of CNY 13,435,574.93 in Q1 2025, down 39.5% from CNY 22,204,893.75 in Q1 2024[32]

Financial Performance - The company's revenue for Q1 2025 was CNY 246,160,048.21, representing a 13.71% increase compared to CNY 216,472,925.87 in the same period last year[4] - Net profit attributable to shareholders decreased by 44.38% to CNY 4,504,651.07 from CNY 8,099,072.31 year-on-year[4] - Net profit for Q1 2025 was ¥4,519,679.00, a decrease of 35.5% from ¥6,999,569.19 in Q1 2024[14] - The company's operating profit for Q1 2025 was ¥4,536,840.57, down from ¥6,862,686.22 in Q1 2024, indicating a decline of 33.8%[14] - The gross profit margin declined due to a decrease in sales prices of fruit products, leading to a significant drop in net profit[6] Cash Flow - The net cash flow from operating activities improved significantly, increasing by 280.94% to CNY 20,512,048.49, compared to a negative cash flow of CNY 11,336,365.44 in the previous year[4] - Cash inflow from operating activities for Q1 2025 was CNY 271,506,189.09, down from CNY 282,191,567.01 in Q1 2024, representing a decrease of approximately 2.4%[16] - Cash outflow for purchasing goods and services was CNY 231,113,205.60, down from CNY 276,915,415.09 in Q1 2024[16] - Cash outflow from investing activities was CNY 6,164,837.77, an increase from CNY 4,959,268.49 in Q1 2024[17] - Cash inflow from financing activities totaled CNY 60,500,000.00, compared to CNY 89,800,000.00 in Q1 2024, reflecting a decrease of approximately 32.6%[17] - The net cash flow from financing activities was negative CNY 7,113,015.60, contrasting with a positive net flow of CNY 13,063,958.57 in the previous year[17] - The ending balance of cash and cash equivalents increased to CNY 65,670,739.78 from CNY 35,370,193.53 year-over-year[17] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,925,206,670.65, a slight decrease of 0.54% from CNY 1,935,742,342.38 at the end of the previous year[5] - Total liabilities decreased from ¥765,143,820.40 to ¥749,438,940.67, a reduction of 2.1%[12] - The company's cash and cash equivalents showed a slight decrease, with current assets totaling ¥1,206,117,213.89 compared to ¥1,211,167,151.19 previously[12] - The equity attributable to shareholders increased by 0.40% to CNY 1,174,654,641.59 from CNY 1,170,000,461.51 at the end of the previous year[5] - The equity attributable to shareholders increased to ¥1,174,654,641.59 from ¥1,170,000,461.51, reflecting a growth of 0.4%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,661[8] - Basic and diluted earnings per share remained unchanged at CNY 0.01[4] - Basic and diluted earnings per share remained at CNY 0.01 for the current period[15] Other Income and Expenses - The company received government subsidies amounting to CNY 115,850.93, which were included in the non-recurring gains and losses[6] - Research and development expenses increased to ¥573,547.36 in Q1 2025, compared to ¥405,056.31 in Q1 2024, marking a rise of 41.5%[13] - Other comprehensive income for Q1 2025 was ¥136,169.72, contrasting with a loss of ¥1,761,379.76 in Q1 2024[14] - The total comprehensive income attributable to minority shareholders was CNY 15,027.93, a decrease of CNY 1,099,503.12 compared to the previous period[15] Accounting Standards - The company will not apply new accounting standards starting from 2025[18]

Financial Performance - Revenue for Q1 2025 was CNY 784.49 million, a decrease of 12.99% compared to CNY 901.65 million in the same period last year[3]. - Net profit attributable to shareholders was CNY 140.98 million, down 34.07% from CNY 213.81 million year-over-year[3]. - Basic earnings per share decreased by 34.09% to CNY 0.29 from CNY 0.44 in the previous year[3]. - Gross profit for Q1 2025 was CNY 180,623,594.81, compared to CNY 261,844,210.98 in Q1 2024, indicating a decline of 30.9%[17]. - Operating profit for Q1 2025 was CNY 157,045,038.18, down from CNY 245,964,888.66 in the same period last year, representing a decline of 36%[18]. - The total comprehensive income for Q1 2025 was CNY 143,028,221.58, down from CNY 196,713,334.14 in Q1 2024, reflecting a decrease of about 27%[19]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.29, down from CNY 0.44 in Q1 2024[19]. Cash Flow and Assets - Operating cash flow turned negative at CNY -8.50 million, a decline of 102.76% compared to CNY 307.76 million in the same period last year[3]. - Cash flow from operating activities for Q1 2025 was negative at CNY -8,501,578.80, contrasting with a positive cash flow of CNY 307,761,819.87 in Q1 2024[23]. - Cash flow from investment activities in Q1 2025 was CNY 555,926,985.36, a significant improvement compared to CNY -965,252,463.70 in Q1 2024[23]. - Cash and cash equivalents as of March 31, 2025, were CNY 2,064,546,794.15, down from CNY 2,580,796,045.18 as of December 31, 2024, a decrease of 20.0%[12]. - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 1,411,393,873.19, compared to CNY 1,591,402,203.55 at the end of Q1 2024[24]. - The company reported a net increase in cash and cash equivalents of CNY 465,032,675.45 for Q1 2025, compared to a decrease of CNY -791,881,612.37 in Q1 2024[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,569[8]. - The largest shareholder, Zhejiang Haixing Holding Group Co., Ltd., holds 49.3% of the shares[9]. Assets and Liabilities - Total assets increased by 0.64% to CNY 9.54 billion from CNY 9.48 billion at the end of the previous year[4]. - Total current assets as of March 31, 2025, were CNY 5,580,807,500.14, down from CNY 6,129,296,377.01 as of December 31, 2024, a decline of 9.0%[13]. - Total liabilities as of March 31, 2025, were CNY 2,259,816,254.30, compared to CNY 2,339,438,064.74 as of December 31, 2024, a decrease of 3.4%[14]. - Total assets as of March 31, 2025, were CNY 9,538,508,831.92, slightly up from CNY 9,478,317,442.50 as of December 31, 2024, an increase of 0.6%[15]. Research and Development - Research and development expenses for Q1 2025 amounted to CNY 74,324,363.72, an increase of 18.4% from CNY 62,829,013.93 in Q1 2024[17]. - The company continues to focus on R&D, indicating a strategic commitment to innovation despite declining revenues[17]. Other Financial Metrics - Non-recurring gains and losses totaled CNY -1.96 million, primarily due to increased expenses and revenue decline[6]. - The company reported a decrease in the weighted average return on equity by 1.23 percentage points to 1.96%[3]. - The company experienced a foreign exchange gain of CNY 6,776,326.14 in Q1 2025, contrasting with a loss of CNY -1,206,029.28 in Q1 2024[24].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 770,318,916.82, representing a 21.88% increase compared to CNY 632,019,899.09 in the same period last year[4]. - Net profit attributable to shareholders was CNY 102,057,101.42, up 15.62% from CNY 88,267,742.55 year-on-year[4]. - Basic earnings per share rose to CNY 0.12, a 9.09% increase from CNY 0.11 in the same period last year[5]. - The net profit for Q1 2025 reached CNY 101,922,640.30, an increase of 15.4% compared to CNY 88,257,157.73 in Q1 2024[18]. - The total comprehensive income attributable to the parent company was CNY 101,920,833.93, compared to CNY 88,267,742.55 in the same quarter last year, marking a 15.5% increase[19]. Cash Flow and Operating Activities - The net cash flow from operating activities increased by 35.34% to CNY 76,262,347.21, compared to CNY 56,346,880.94 in the previous year[4]. - The total revenue from operating activities was CNY 462,186,954.28, up from CNY 438,712,167.07 in the same period last year, reflecting a growth of 5.3%[20]. - The cash flow from operating activities showed a net increase of CNY 76,262,347.21, compared to CNY 56,346,880.94 in Q1 2024, indicating a 35.4% improvement[20]. - The company experienced a cash and cash equivalents balance of CNY 451,500,590.49 at the end of Q1 2025, down from CNY 805,785,616.09 at the end of Q1 2024[21]. - The cash flow from financing activities resulted in a net outflow of CNY 12,735,383.76, contrasting with a net inflow of CNY 19,926,376.07 in the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,831,473,778.59, a slight decrease of 0.41% from CNY 6,859,807,618.48 at the end of the previous year[5]. - Total current assets as of March 31, 2025, were ¥3,734,929,959.67, slightly down from ¥3,783,729,658.67 as of December 31, 2024[13]. - Total liabilities decreased to ¥3,170,042,134.50 as of March 31, 2025, from ¥3,301,212,756.71 as of December 31, 2024, a reduction of approximately 4%[14]. - Non-current assets increased to ¥3,096,543,818.92 as of March 31, 2025, compared to ¥3,076,077,959.81 as of December 31, 2024, reflecting a growth of about 1%[13]. - The company's total assets as of March 31, 2025, were ¥6,831,473,778.59, a slight decrease from ¥6,859,807,618.48 as of December 31, 2024[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,337[9]. - The top shareholder, Feng Xiao Hong, holds 23.54% of the shares, totaling 195,632,833 shares[9]. Other Income and Expenses - The company received government subsidies amounting to CNY 16,377,136.31, contributing to other income growth of 144.95%[6]. - The company reported a significant increase in other income, totaling CNY 16,377,136.31, compared to CNY 6,685,895.31 in Q1 2024, reflecting a growth of 145.5%[18]. - The interest expenses for the period were CNY 10,336,322.82, slightly down from CNY 10,630,137.63 in the previous year[18]. Investment and R&D - The company reported a significant increase in trading financial assets by 410.14%, primarily due to investments in bank wealth management products[6]. - Research and development expenses in Q1 2025 amounted to ¥34,219,221.19, compared to ¥29,644,224.76 in Q1 2024, indicating an increase of 15%[17]. - The company reported a significant increase in investment activities, with cash outflow totaling CNY 1,058,282,227.06, compared to CNY 130,843,503.73 in Q1 2024[21].

Financial Performance - The company's revenue for Q1 2025 reached ¥5,098,691,636.38, representing a 9.17% increase compared to ¥4,670,618,874.87 in the same period last year[3]. - Net profit attributable to shareholders was ¥1,644,056,273.98, up 7.27% from ¥1,532,586,659.57 year-on-year[3]. - The total operating revenue for the first quarter of 2025 was CNY 4,676,826,736.42, up from CNY 3,729,576,745.85 in the first quarter of 2024, reflecting a growth of 25.3%[18]. - The operating profit for the first quarter of 2025 was CNY 2,181,658,054.58, compared to CNY 2,037,694,386.84 in the previous year, indicating an increase of 7.0%[16]. - The company reported a total comprehensive income of CNY 1,644,056,273.98 for the first quarter of 2025, compared to CNY 1,532,586,659.57 in the same period of 2024[17]. - The basic and diluted earnings per share for the first quarter of 2025 were both CNY 1.3186, up from CNY 1.2292 in the first quarter of 2024, reflecting an increase of 7.3%[17]. Cash Flow and Assets - The net cash flow from operating activities increased by 42.50%, amounting to ¥1,427,343,057.92 compared to ¥1,001,644,444.07 in the previous year[3]. - The cash flow from operating activities for the first quarter of 2025 was CNY 1,427,343,057.92, compared to CNY 1,001,644,444.07 in the first quarter of 2024, representing a growth of 42.5%[19]. - Cash and cash equivalents increased to RMB 6,334,788,375.95 from RMB 6,158,045,490.18, representing a growth of 2.9%[11]. - The cash and cash equivalents at the end of the first quarter of 2025 amounted to CNY 6,238,895,124.25, down from CNY 7,384,578,479.77 at the end of the first quarter of 2024[20]. - Current assets as of March 31, 2025, totaled RMB 14,155,629,293.63, compared to RMB 13,928,397,619.13 at the end of 2024, indicating an increase of 1.6%[11]. Liabilities and Equity - Total liabilities decreased to RMB 8,026,864,545.47 from RMB 8,768,246,857.30, a reduction of 8.4%[13]. - Shareholders' equity increased to RMB 17,098,121,035.51 from RMB 15,453,651,528.39, a growth of 10.6%[13]. - Total assets at the end of the reporting period were ¥25,124,985,580.98, a 3.73% increase from ¥24,221,898,385.69 at the end of the previous year[4]. - Total assets as of March 31, 2025, amounted to RMB 25,124,985,580.98, up from RMB 24,221,898,385.69, reflecting an increase of 3.7%[12]. Operational Highlights - The company reported a significant increase in accounts receivable, which rose by 58.57% due to higher sales on e-commerce platforms[6]. - The company reported a significant increase in accounts receivable, rising to RMB 55,275,200.47 from RMB 34,858,334.75, an increase of 58.5%[11]. - The company experienced a 66.19% decrease in contract liabilities, attributed to seasonal factors affecting advance payments[6]. - The total operating costs for the first quarter of 2025 were CNY 2,949,204,237.00, an increase from CNY 2,667,929,303.18 in the same period of 2024[16]. - The company incurred tax expenses of CNY 538,192,833.70 in the first quarter of 2025, compared to CNY 505,930,173.19 in the previous year, marking an increase of 6.4%[16]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[3]. - The company has not indicated any new product launches or major strategic changes during the reporting period[10].

Financial Performance - The company's operating revenue for Q1 2025 was ¥628,668,847.63, a decrease of 5.56% compared to ¥630,497,061.74 in the same period last year[5]. - Net profit attributable to shareholders was ¥18,983,192.59, down 34.33% from ¥24,468,894.47 year-on-year[5]. - Basic earnings per share decreased to ¥0.04, a decline of 33.33% from ¥0.05 in the same period last year[5]. - Net profit for Q1 2025 was ¥36.99 million, a decline of 23.36% compared to ¥48.32 million in Q1 2024[20]. - The total profit for Q1 2025 was ¥52.91 million, down 20.73% from ¥66.41 million in Q1 2024[20]. Cash Flow and Management - The net cash flow from operating activities improved to ¥48,795,270.92, compared to a negative cash flow of ¥35,295,940.09 in the previous year[5]. - Cash flow from operating activities for Q1 2025 was ¥48.80 million, a significant improvement from a negative cash flow of ¥32.97 million in Q1 2024[22]. - Cash and cash equivalents increased to ¥476,672,493.03 from ¥321,592,894.07, representing a growth of approximately 48.3%[14]. - Cash and cash equivalents at the end of Q1 2025 increased to ¥315.75 million from ¥247.07 million at the end of Q1 2024[23]. - The company has strengthened cash management, which contributed to the significant improvement in cash flow from operating activities[7]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,161,090,081.38, a decrease of 1.38% from ¥4,219,515,694.00 at the end of the previous year[5]. - The company's current assets totaled RMB 1,104,375,933.62, down from RMB 1,143,070,562.94, indicating a decrease of about 3.38%[14]. - The company's total liabilities decreased to RMB 2,278,784,496.52 from RMB 2,378,198,372.40, a reduction of about 4.19%[16]. - Long-term borrowings rose significantly to RMB 559,600,000.00 from RMB 332,800,000.00, marking an increase of approximately 68%[16]. - The total current liabilities decreased to RMB 1,484,907,287.17 from RMB 1,734,981,532.20, a decline of approximately 14.4%[16]. Equity and Shareholder Information - Shareholders' equity attributable to shareholders increased by 1.54% to ¥1,510,903,736.59 from ¥1,487,920,579.80 at the end of the previous year[5]. - The company's equity attributable to shareholders increased to RMB 1,510,903,736.59 from RMB 1,487,920,579.80, reflecting a growth of about 1.7%[16]. Operational Insights - The decrease in net profit was primarily due to reduced revenue from gas equipment and operation services[7]. - The company completed the acquisition of 100% equity in Shandong Shengdong Gas Comprehensive Utilization Co., Ltd., which was included in the consolidated financial statements from September 2024[5]. - Research and development expenses decreased to ¥2.51 million in Q1 2025 from ¥4.00 million in Q1 2024, a reduction of 37.24%[19]. Inventory and Receivables - The company's inventory slightly decreased to RMB 176,433,786.88 from RMB 177,886,149.71, a reduction of about 0.81%[14]. - The accounts receivable increased to RMB 240,038,356.05 from RMB 234,467,671.99, indicating a growth of approximately 2.4%[14]. - The company reported a significant increase in prepayments to RMB 60,304,317.55 from RMB 40,261,142.71, representing a growth of about 49.9%[14].