湘潭电机股份有限公司2025 年第一季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 证券代码：600416 证券简称：湘电股份 湘潭电机股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 非经常性损益项目和金额 一、主要财务数据 √适用 □不适用 单位:元 币种:人民币 主要会计数据和财务指标 单位：元 币种：人民币 | | | | 本报告期比上年同 | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 期增减变动幅度 | | | | | (%) | | 营业收入 | 1,209,341,778.24 | 1,260,735,338.11 | -4.08 | | 归属于上市公司股 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥5,196,010,995.19, representing a 51.47% increase compared to ¥3,430,372,592.47 in the same period last year[3] - Net profit attributable to shareholders was ¥345,342,532.73, a slight increase of 1.56% from ¥340,051,551.20 year-on-year[3] - Operating profit for Q1 2025 was ¥533,337,146.44, up 32.0% from ¥404,561,777.74 in Q1 2024[18] - Net profit for Q1 2025 was ¥458,131,405.62, representing a 33.8% increase from ¥342,421,253.51 in Q1 2024[19] - The weighted average return on equity decreased by 0.19 percentage points to 2.71% from 2.90%[3] - Earnings per share for Q1 2025 were ¥0.161, slightly up from ¥0.158 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was ¥1,019,667,873.77, reflecting a 53.08% increase from ¥666,102,663.92 in the previous year[3] - The company reported a net cash flow from operating activities of ¥1,019,667,873.77 in Q1 2025, compared to ¥666,102,663.92 in Q1 2024, indicating a 53.1% increase[22] - In Q1 2025, the total cash inflow from financing activities was approximately $3.74 billion, a significant increase compared to $254 million in Q1 2024[23] - The net cash flow from financing activities in Q1 2025 was approximately $2.45 billion, contrasting with a negative net cash flow of $833 million in Q1 2024[23] - The total cash and cash equivalents at the end of Q1 2025 reached approximately $6.17 billion, up from $1.29 billion at the end of Q1 2024[23] - The cash outflow from investment activities in Q1 2025 was approximately $119.9 million, compared to $39.3 million in Q1 2024[23] - The net cash flow from investment activities in Q1 2025 was negative at approximately $119.9 million, while it was positive at $59.7 million in Q1 2024[23] - The cash outflow for debt repayment in Q1 2025 was approximately $746 million, slightly lower than $828 million in Q1 2024[23] - The cash flow impact from foreign exchange fluctuations in Q1 2025 was a decrease of approximately $9.6 million, compared to a decrease of $57.2 million in Q1 2024[23] - The cash and cash equivalents increased by approximately $3.34 billion in Q1 2025, while there was a decrease of $164.6 million in Q1 2024[23] - The company received approximately $3.48 billion in cash from investment in Q1 2025, with no corresponding figure for Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥40,178,436,533.31, up 15.03% from ¥34,928,645,469.66 at the end of the previous year[4] - As of March 31, 2025, the company's total assets reached RMB 40.18 billion, an increase from RMB 34.93 billion as of December 31, 2024, representing a growth of approximately 15.3%[14] - The company's total liabilities amounted to RMB 12.25 billion, up from RMB 11.76 billion, indicating an increase of approximately 4.2%[15] - Total liabilities as of March 31, 2025, amounted to ¥22,447,212,703.60, an increase of 6.2% from ¥21,138,735,502.76 as of December 31, 2024[16] - Non-current assets totaled RMB 29.19 billion, up from RMB 28.14 billion, which is an increase of approximately 3.7%[15] - The company's long-term borrowings slightly decreased to RMB 3.69 billion from RMB 3.72 billion, a decline of approximately 0.9%[15] Equity - The company's equity attributable to shareholders increased by 30.42% to ¥16,410,229,715.30 from ¥12,582,296,355.48[4] - Total equity attributable to shareholders reached ¥16,410,229,715.30 as of March 31, 2025, up 30.5% from ¥12,582,296,355.48 at the end of 2024[16] - The company's total equity increased to RMB 27.93 billion from RMB 23.17 billion, representing a growth of approximately 20.7%[15] Expenses - Management expenses increased by 33.76%, attributed to higher labor costs and increased digital investment[9] - Research and development expenses for Q1 2025 were ¥7,728,087.31, down 43.3% from ¥13,592,268.45 in Q1 2024[18] Other Income - The company received a management service fee of ¥1,625,000.00 from Guangzhou Ocean Investment Co., Ltd., which was included in other business income[8] - The company reported a decrease in investment income, with a loss of ¥2,497,324.45 in Q1 2025 compared to a gain of ¥32,077,337.37 in Q1 2024[18] Prepayments and Inventory - The company reported a significant increase in prepayments, which rose by 261.13% due to an increase in advance rent payments[7] - The company reported a significant increase in prepayments to RMB 1.00 billion from RMB 920.11 million, reflecting a growth of approximately 8.7%[14] - The company's inventory increased to RMB 967.16 million from RMB 873.28 million, representing a growth of approximately 10.8%[14] - Accounts receivable rose to RMB 1.07 billion, up from RMB 495.57 million, indicating a growth of approximately 116.5%[14] Accounting Standards - The company did not apply new accounting standards or interpretations starting from 2025[24]

江苏红豆实业股份有限公司2025 年第一季度报告 证券代码：600400 证券简称：红豆股份 江苏红豆实业股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 江苏红豆实业股份有限公司2025 年第一季度报告 | | | 点 | | | --- | --- | --- | --- | | | 本报告期末 | 本报告期末比上 上年度末 | 年度末增减变动 幅度(%) | | 总资产 | 4,154,015,862.87 | 4,377,907,789.50 | -5.11 | | 归属于上市公司股东的所有者权 益 | 2,515,145,313.09 | 2,543,69 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,204,283,959.89, representing a 0.84% increase compared to ¥1,194,215,327.28 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥37,007,513.32, an improvement of 76.91% from a loss of ¥160,241,400.15 in the previous year[4] - The net cash flow from operating activities was a negative ¥588,284,151.88, which is a 19.63% improvement compared to a negative ¥731,995,576.25 in the same period last year[4] - The weighted average return on net assets improved significantly to -22.43% from -169.72% year-on-year, reflecting a 147.29% change[4] - The basic and diluted earnings per share improved to -0.0695 from -0.3007, marking a 76.89% increase[4] - The net profit for the current period is -52,761,394.57 yuan, compared to -167,422,127.63 yuan in the previous period, showing an improvement of approximately 68.4%[17] - Operating profit for the current period is -51,774,529.32 yuan, significantly better than -167,113,811.01 yuan from the previous period, indicating a reduction in losses[17] - The total comprehensive income for the current period is -52,761,394.57 yuan, compared to -167,422,127.63 yuan in the previous period, showing a significant reduction in losses[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,389,970,459.58, down 5.89% from ¥5,727,163,852.25 at the end of the previous year[4] - The equity attributable to shareholders decreased by 17.80% to ¥150,842,774.99 from ¥183,515,645.44 at the end of the previous year[4] - The company's net profit margin is under pressure, with total liabilities decreasing to ¥5,227,315,366.95 from ¥5,516,082,007.92, a decline of approximately 5.3%[14] - Current assets totaled ¥1,674,478,500.16, down from ¥1,953,351,421.47, indicating a decrease of about 14.3%[14] - Cash and cash equivalents significantly dropped to ¥199,465,313.70 from ¥559,262,256.65, a decline of approximately 64.3%[14] - Accounts receivable increased to ¥626,946,861.34 from ¥410,623,107.04, reflecting a growth of about 52.7%[14] - Inventory levels decreased to ¥284,796,773.34 from ¥487,663,129.41, a reduction of approximately 41.6%[14] - The company reported a total equity of ¥162,655,092.63, down from ¥211,081,844.33, indicating a decrease of about 22.9%[15] - Long-term borrowings increased to ¥196,377,889.92 from ¥184,094,367.05, reflecting a growth of approximately 6.9%[14] Cash Flow - Cash flow from operating activities shows a net outflow of -588,284,151.88 yuan, an improvement from -731,995,576.25 yuan in the previous period[18] - Cash flow from investing activities resulted in a net outflow of -85,769,032.28 yuan, compared to -69,834,209.84 yuan in the previous period, indicating increased investment activity[19] - Cash flow from financing activities generated a net inflow of 300,453,517.33 yuan, down from 502,427,090.41 yuan in the previous period, reflecting a decrease in financing activities[19] - The total cash and cash equivalents at the end of the period stand at 146,266,879.14 yuan, slightly down from 150,311,946.23 yuan in the previous period[19] - The company received cash from sales of goods and services amounting to 41,412,537.51 yuan, an increase from 36,594,957.82 yuan in the previous period[18] - The company incurred operating cash outflows totaling 631,172,383.98 yuan, a decrease from 771,521,945.03 yuan in the previous period[18] Strategic Developments - The company plans to invest in the construction of the Shenyang Quansheng 2×350MW thermal power project to enhance profitability and sustainable development[10] - The company appointed a new chairman and general manager, Zheng Yun, following the resignation of the previous chairman and general manager, Chen Weiguo[10] Operating Costs - Total operating costs decreased to ¥1,241,907,857.62 from ¥1,347,360,948.31, marking a reduction of about 7.8%[16]

Financial Performance - The company's operating revenue for Q1 2025 was ¥94,091,926.37, representing a 141.30% increase compared to ¥38,993,786.38 in the same period last year[5] - The net loss attributable to shareholders was ¥12,979,046.02, a slight increase of 2.69% from a loss of ¥12,639,147.42 in the previous year[5] - The operating profit for the current period was reported at -¥10,491,633.57, compared to -¥9,622,043.33 in the previous period, reflecting a decline in profitability[17] - The net profit for the current period was -¥16,948,891.72, slightly worse than -¥16,879,533.67 from the previous period, indicating continued losses[17] - Total comprehensive income for the period was -16,948,891.72, compared to -16,879,533.67 in the previous period[18] - Basic and diluted earnings per share were both -0.0364, slightly worse than -0.0355 in the previous period[18] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥241,296.28, a 92.43% reduction from a net outflow of ¥3,189,258.75 in the same period last year[5] - The net cash flow from operating activities was -241,296.28, an improvement from -3,189,258.75 in the previous period[20] - Cash received from sales of goods and services increased to 196,206,223.22 from 142,082,152.32, representing a growth of approximately 38.1%[19] - The company incurred total operating cash outflows of 197,621,982.08, up from 147,323,656.74, indicating a rise of about 34.2%[20] - Cash and cash equivalents at the end of the period decreased to 99,906,736.34 from 100,543,872.27, a decline of approximately 0.6%[20] Assets and Liabilities - The company's total assets decreased by 2.35% to ¥998,975,721.32 from ¥1,023,057,326.52 at the end of the previous year[5] - Current assets totaled ¥329,087,690.88, down from ¥347,751,968.85, showing a decrease of about 5.4%[13] - The total liabilities decreased to ¥838,186,336.11 from ¥845,319,049.59, a decline of approximately 0.9%[14] - Cash and cash equivalents slightly decreased to ¥117,358,528.96 from ¥117,416,321.97, a marginal decline of about 0.05%[12] - Accounts receivable decreased significantly to ¥39,847,877.31 from ¥57,984,934.19, a drop of approximately 31.2%[12] - Inventory levels decreased to ¥66,233,427.96 from ¥68,747,190.31, reflecting a reduction of about 3.7%[12] Operating Costs and Income - Operating costs increased by 162.54%, mainly due to higher costs associated with the new retail business[9] - Total operating costs amounted to ¥105,685,510.05, up from ¥49,852,364.70, indicating an increase of about 112.4%[16] - Revenue from new retail business contributed significantly to the increase in operating income, which rose by 141.30% year-over-year[9] - The company reported a 145.96% increase in credit impairment losses, attributed to the growth in accounts receivable and other receivables from the new retail business[9] Government Subsidies and Other Income - The company did not receive any government subsidies in the current period, leading to a 98.22% decrease in other income compared to the previous year[9] Financing Activities - The company raised 30,000,000.00 in borrowings, maintaining the same level as the previous period[20] - Total cash outflow from financing activities was 30,530,000.00, slightly down from 30,533,866.66[20] - The company did not report any net increase in customer deposits or interbank placements during the period[19]

Financial Performance - The company's operating revenue for Q1 2025 was ¥365,598,886.86, representing an increase of 8.63% compared to ¥336,550,919.81 in the same period last year[5]. - The net profit attributable to shareholders was ¥4,084,719.16, a significant turnaround from a loss of ¥386,089,733.04 in the previous year, marking a 101.06% increase[5]. - The net profit for the current period was ¥5.67 million, a substantial improvement from a net loss of ¥395.15 million in the previous period[24]. - The total comprehensive income for the current period was approximately ¥5.67 million, compared to a total comprehensive loss of ¥402.77 million in the previous period[25]. - Basic and diluted earnings per share for the current period were both ¥0.0005, compared to a loss per share of ¥0.1239 in the previous period[25]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥194,951,713.15, a drastic decline of 10,888.57% compared to -¥1,774,131.14 in the previous year[11]. - The company reported a net cash outflow from operating activities of approximately ¥194.95 million, compared to a smaller outflow of ¥1.77 million in the previous period[27]. - Cash and cash equivalents at the end of the period increased to approximately ¥674.38 million, up from ¥105.07 million at the end of the previous period[27]. - The company generated cash inflows from financing activities of approximately ¥812.73 million, a significant increase from ¥186.98 million in the previous period[27]. - The company reported a significant increase in cash and cash equivalents, rising by 244.62% to ¥824,253,712.90 from ¥239,178,080.50[9]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,543,558,237.17, down 2.27% from ¥2,602,564,682.81 at the end of the previous year[5]. - The total liabilities decreased to CNY 651,429,633.98 from CNY 716,111,009.74, a reduction of 9.0%[21]. - The total current liabilities decreased to CNY 528,106,233.44 from CNY 581,805,400.46, a decrease of 9.2%[21]. - The company's long-term borrowings decreased to CNY 64,380,495.00 from CNY 73,980,495.00, a decline of 12.0%[21]. Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 65,160[13]. - The company transferred 1,799,000,000 shares to restructuring investors, representing 24.05% of the total share capital[16]. - The company also transferred 952,400,587 shares to certain creditors, accounting for 21.50% of the total share capital[16]. - The company completed the first batch of stock transfers to creditors as part of its debt restructuring plan, with a total of 491,656,651 shares transferred to Fujian Electronic Information Group, increasing their holding to 15.38%[18]. Operational Efficiency - The company experienced a 60.71% reduction in selling expenses, down to ¥5,527,204.04 from ¥14,066,347.46, due to the absence of costs related to divested businesses[10]. - Total operating costs for the current period were approximately ¥354.25 million, compared to ¥738.74 million in the previous period, indicating a significant reduction[24]. - Research and development expenses for the current period were approximately ¥13.49 million, slightly down from ¥15.02 million in the previous period[24]. Inventory and Receivables - Accounts receivable increased by 38.94% to ¥337,863,328.66, attributed to growth in the electronic paper business[9]. - The company's inventory increased to CNY 288,924,997.64 from CNY 245,550,222.06, representing a rise of 17.6%[20]. Government Support - The company received government subsidies amounting to ¥4,418,321.53 during the reporting period[7].

Financial Performance - The company's revenue for Q1 2025 was ¥1,168,508,441.22, representing an increase of 11.22% compared to ¥1,050,632,449.52 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥25,777,884.97, an improvement of 50.48% from a loss of ¥52,055,103.26 in the previous year[5] - The net cash flow from operating activities was ¥36,446,459.90, a significant increase of 125.73% compared to a negative cash flow of ¥141,637,995.57 in the same period last year[5] - The company's basic and diluted earnings per share improved to -¥0.03, a 50.00% increase from -¥0.06 in the previous year[5] - The weighted average return on equity improved to -1.72%, up by 1.86% from -3.58% in the same period last year[5] - The net profit for the current period is -26,941,988.21, compared to -52,239,334.92 in the previous period, showing an improvement of approximately 48.5%[28] - Operating profit for the current period is -27,008,127.71, an improvement from -50,295,736.86 in the previous period, indicating a reduction in losses by about 46.3%[28] - The total comprehensive income for the current period is -26,677,408.21, compared to -52,257,814.92 in the previous period, showing an improvement of approximately 48.9%[28] Assets and Liabilities - Total assets increased to ¥5,519,337,486.54 from ¥5,410,486,028.67, reflecting a growth of about 2.0%[24] - Total liabilities rose to ¥3,942,980,508.04 from ¥3,807,451,641.96, indicating an increase of approximately 3.5%[24] - The company's total equity decreased to ¥1,576,356,978.50 from ¥1,603,034,386.71, a decline of about 1.7%[24] - The company reported a net loss of ¥1,403,286,422.34 in retained earnings, worsening from a loss of ¥1,377,508,537.37 in the previous period[24] - Short-term borrowings rose to ¥1,645,452,060.96 from ¥1,420,758,297.41, an increase of approximately 15.8%[24] Revenue and Costs - Total operating revenue for the current period reached ¥1,168,508,441.22, an increase from ¥1,050,632,449.52 in the previous period, representing a growth of approximately 11.2%[26] - Total operating costs amounted to ¥1,193,656,966.71, up from ¥1,088,048,105.17, indicating an increase of about 9.7%[26] - Total revenue from operating activities is 1,047,399,347.01, up from 976,440,715.52 in the previous period, reflecting an increase of approximately 7.3%[29] Cash Flow and Investments - The company's cash and cash equivalents at the end of the period were ¥401,696,133.56, compared to ¥337,807,207.23 at the beginning of the period, reflecting a growth of approximately 18.9%[22] - Cash received from the disposal of fixed assets increased by 87.07% compared to the previous year, due to higher cash inflows from the disposal of productive biological assets[13] - The company reported a total investment cash outflow of 30,643,348.17, down from 56,281,323.80 in the previous period, indicating a decrease of approximately 45.5%[30] Accounts Receivable and Inventory - Accounts receivable increased by 203.44% compared to the beginning of the period, primarily due to an increase in receivables from feed sales[9] - Accounts receivable increased significantly to ¥186,384,188.20 from ¥61,424,543.79, marking a rise of approximately 203.5%[22] - Inventory decreased to ¥656,451,465.59 from ¥711,449,781.87, showing a reduction of about 7.7%[22] Expenses - Selling expenses increased by 36.13% year-on-year, mainly due to higher feed sales leading to increased costs[10] - The company incurred research and development expenses of 11,524,731.03, down from 13,207,925.43, representing a decrease of about 12.8%[28] - The company’s total liabilities increased, with a significant portion attributed to interest expenses of 36,167,868.35, down from 39,430,208.22 in the previous period[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,520[18]

Financial Performance - The company's revenue for Q1 2025 was ¥7,010,697,880.51, representing a 28.65% increase compared to ¥5,449,386,077.01 in the same period last year[5] - Total operating revenue for the current period reached ¥7,010,697,880.51, an increase of 28.8% compared to ¥5,449,386,077.01 in the previous period[16] - The net profit for the current period was a loss of approximately ¥221.51 million, an improvement from a loss of ¥292.44 million in the previous period[17] - The total comprehensive income for the current period was a loss of approximately ¥220.26 million, compared to a loss of ¥295.24 million in the previous period[17] Profitability - The net profit attributable to shareholders was -¥197,688,316.74, an improvement of 28.76% from -¥277,477,788.94 year-on-year[5] - Operating profit for the current period was reported at -¥254,511,565.97, an improvement from -¥288,287,708.90 in the previous period[16] - The basic and diluted earnings per share were both -¥0.21, an improvement of 27.59% from -¥0.29 in the same period last year[5] Cash Flow - The net cash flow from operating activities decreased to -¥1,837,125,519.39, a decline of 32.88% compared to -¥1,382,589,903.74 in the previous year[5] - The net cash flow from operating activities was negative at approximately ¥1.84 billion, worsening from a negative cash flow of ¥1.38 billion in the previous period[20] - The company received cash inflows from financing activities totaling approximately ¥1.77 billion, a decrease from ¥3.68 billion in the previous period[20] - The company paid approximately ¥1.09 billion in debt repayments during the financing activities, compared to ¥481.29 million in the previous period[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥22,593,260,896.50, down 2.54% from ¥23,181,406,235.97 at the end of the previous year[5] - Total assets decreased to ¥22,593,260,896.50 from ¥23,181,406,235.97, a reduction of 2.5%[14] - Total liabilities decreased to ¥12,180,332,544.90 from ¥12,515,729,186.38, a decline of 2.7%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 141,888[9] - The largest shareholder, Liu Tianwen, holds 23.75% of the shares, with 116,530,748 shares pledged[9] Equity - The equity attributable to shareholders decreased by 2.13% to ¥10,349,654,560.39 from ¥10,574,475,341.18 at the end of the previous year[5] - The total equity attributable to shareholders decreased to ¥10,349,654,560.39 from ¥10,574,475,341.18, a decline of 2.1%[15] Other Financial Metrics - Non-recurring gains and losses totaled ¥18,328,608.61 for the reporting period[6] - The company reported a weighted average return on equity of -1.89%, an improvement from -2.66% in the previous year[5] - Research and development expenses were ¥239,279,398.93, slightly down from ¥246,671,210.38 in the prior period[16] - The company reported a net loss of ¥12,099,394.51 from investments, compared to a gain of ¥6,615,084.23 in the previous period[16] - Cash and cash equivalents decreased to ¥3,950,179,063.68 from ¥7,189,778,583.93, a decline of 45.0%[13] - The cash and cash equivalents at the end of the period were approximately ¥3.83 billion, down from ¥4.24 billion at the end of the previous period[20] - The company reported a tax expense of approximately ¥24.49 million, significantly higher than ¥2.78 million in the previous period[17] - The company received approximately ¥2.86 million in tax refunds, an increase from ¥740,010.59 in the previous period[20]

Financial Performance - The company's operating revenue for Q1 2025 was ¥443,674,292.18, representing a 49.50% increase compared to ¥296,775,535.84 in the same period last year[5] - Net profit attributable to shareholders was ¥29,507,871.70, a significant increase of 365.32% from a loss of ¥11,121,640.79 in the previous year[5] - Basic earnings per share rose to ¥0.0537, compared to a loss of ¥0.0203 in the same period last year, marking a 364.53% improvement[5] - The gross profit margin improved significantly, leading to a total profit increase of ¥45,720,000, reflecting a 365.31% year-on-year growth[8] - Net profit for the current period was ¥28,440,798.39, compared to a net loss of ¥11,788,440.63 in the previous period, indicating a turnaround[17] - The company reported a total comprehensive income of ¥28,440,798.39 for the current period, compared to a loss of ¥11,788,440.63 in the previous period[18] Cash Flow - The net cash flow from operating activities improved to -¥60,478,962.61, a 50.73% increase from -¥122,758,539.61 year-on-year[5] - Cash flow from operating activities showed a net outflow of ¥60,478,962.61, an improvement from a net outflow of ¥122,758,539.61 in the previous period[18] - The company experienced a 93.81% increase in net cash flow from investing activities, amounting to an increase of ¥23,507,000 due to changes in investment in financial products[8] - Cash flow from investing activities showed a net outflow of $250,591,321.56, with cash paid for investments amounting to $245,000,000.00[19] - Cash flow from financing activities resulted in a net outflow of $11,325,024.87, with cash paid for dividends and interest totaling $10,980,695.88[19] - The net increase in cash and cash equivalents was a decrease of $372,277,418.10, bringing the ending balance to $1,188,917,484.20[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,557,147,493.27, a slight decrease of 0.22% from ¥4,567,421,038.41 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to CNY 3,172,585,128.97, showing an increase from CNY 3,149,824,224.28 at the beginning of the period[13] - Total liabilities decreased to CNY 1,539,181,237.05 from CNY 1,568,641,173.71, a reduction of about 1.9%[14] - The total liabilities decreased slightly to ¥1,539,181,237.05 from ¥1,568,641,173.71[15] - Total equity increased to ¥3,017,966,256.22 from ¥2,998,779,864.70, reflecting a growth in shareholder value[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,915, with the top ten shareholders holding significant stakes[10] - The largest shareholder, Shanxi Xinhua Protective Equipment Co., Ltd., held 18.06% of the shares, totaling 99,138,233 shares[10] Inventory and Receivables - Accounts receivable increased to CNY 730,895,015.66 from CNY 674,316,361.81, representing a growth of about 8.4%[13] - Inventory rose to CNY 382,071,210.51 from CNY 353,947,599.58, indicating an increase of approximately 8.0%[14] Research and Development - Research and development expenses rose to ¥20,576,412.49, up from ¥18,997,243.08, indicating continued investment in innovation[16] Future Plans - The company plans to expand its market presence and invest in new technologies to drive future growth[16] Other Information - The company's short-term borrowings decreased to CNY 10,055,464.50 from CNY 12,006,299.70, a decline of approximately 16.3%[14] - The company's first quarter report for 2025 was not audited[20]

Financial Performance - The company's operating revenue for Q1 2025 was approximately ¥1.08 billion, representing a 1.71% increase compared to the same period last year[3]. - Net profit attributable to shareholders reached approximately ¥42.31 million, a significant increase of 337.83% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was approximately ¥22.63 million, marking a 467.35% increase compared to the previous year[3]. - The basic earnings per share increased to ¥0.04, reflecting a 300% growth from the same period last year[3]. - Net profit for the current period was ¥44,244,988.30, a significant recovery from a net loss of ¥1,527,032.25 in the previous period[14]. - Operating profit increased to ¥62,380,634.59, compared to ¥20,438,710.92 in the prior period, marking a growth of 205.5%[14]. - Basic and diluted earnings per share were both ¥0.04, up from ¥0.01 in the prior period[15]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥17.38 billion, a 0.75% increase from the end of the previous year[3]. - The total assets of Hangzhou Steam Turbine Power Group Co., Ltd. amounted to CNY 17,380,810,644.65 as of March 31, 2025, compared to CNY 17,252,082,445.96 at the beginning of the period, reflecting an increase of approximately 0.74%[12][13]. - Current assets totaled CNY 10,148,413,412.16, up from CNY 9,961,847,753.61, indicating a growth of about 1.87%[12]. - Total liabilities increased to CNY 7,854,827,613.77 from CNY 7,735,093,003.88, marking an increase of approximately 1.55%[13]. - The company's equity attributable to shareholders rose slightly to CNY 8,961,694,495.23 from CNY 8,954,601,724.44, an increase of about 0.08%[13]. - Non-current liabilities totaled CNY 1,837,641,580.11, an increase from CNY 1,706,057,032.16, indicating a growth of approximately 7.71%[13]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥303.07 million, but improved by 16.84% compared to the previous year[3]. - Cash flow from operating activities showed a net outflow of ¥303,068,122.37, an improvement from a net outflow of ¥364,441,664.54 in the previous period[16]. - Cash and cash equivalents at the end of the period totaled ¥1,921,928,958.83, down from ¥2,541,019,043.27[17]. - The company's cash and cash equivalents decreased to CNY 2,014,645,230.70 from CNY 2,249,624,409.13, a decline of approximately 10.43%[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,954, with the largest shareholder holding 58.70% of the shares[9]. Government Subsidies - The company received government subsidies amounting to approximately ¥17.49 million, primarily related to compensation for the relocation of its Shiqiao Road plant[4]. Research and Development - Research and development expenses rose to ¥43,266,751.22, up from ¥35,079,933.63, indicating a 23.3% increase[14]. Inventory and Accounts Receivable - The company reported a total inventory of CNY 2,791,033,855.11, up from CNY 2,557,564,668.61, reflecting an increase of about 9.09%[12]. - Accounts receivable decreased to CNY 2,335,707,823.98 from CNY 2,519,384,588.01, representing a reduction of about 7.27%[12]. Comprehensive Income - The company reported a total comprehensive income of ¥4,959,021.03, compared to ¥252,676,285.36 in the previous period[15]. - The company experienced a significant decrease in other comprehensive income, reporting a net loss of ¥39,285,967.27 compared to a gain of ¥254,203,317.61 previously[14].