HPEC(SH:600312)2025-04-10 09:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,510,326,371.56, representing a year-on-year increase of 22.82% compared to CNY 2,043,849,135.84 in the same period last year[3]. - Net profit attributable to shareholders of the listed company reached CNY 358,396,418.11, a significant increase of 55.94% from CNY 229,834,284.13 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 355,614,603.12, up 56.23% from CNY 227,622,500.05 year-on-year[3]. - The basic earnings per share (EPS) increased to CNY 0.2641, reflecting a growth of 55.90% compared to CNY 0.1694 in the same quarter last year[3]. - The total comprehensive income for the first quarter of 2025 was CNY 387,273,898.39, an increase from CNY 261,759,975.68 in the same period of 2024, representing a growth of approximately 48%[17]. - Basic and diluted earnings per share for the first quarter of 2025 were CNY 0.2641, compared to CNY 0.1694 in the first quarter of 2024, reflecting a year-over-year increase of about 56%[17]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -547,681,683.81, a decline of 708.91% compared to a positive cash flow of CNY 89,944,043.01 in the same period last year[3]. - Cash inflow from operating activities for the first quarter of 2025 was CNY 2,479,195,259.49, up from CNY 2,386,302,441.11 in the first quarter of 2024[19]. - The company reported a net increase in cash and cash equivalents of negative CNY 680,081,806.03 for the first quarter of 2025, contrasting with a positive increase of CNY 46,067,007.82 in the first quarter of 2024[20]. - The ending cash and cash equivalents balance as of the end of the first quarter of 2025 was CNY 6,397,188,816.28, compared to CNY 4,968,316,184.34 at the end of the first quarter of 2024[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,050,458,675.52, a slight increase of 1.42% from CNY 21,742,586,040.70 at the end of the previous year[4]. - The total assets of the company amounted to CNY 22,050,458,675.52 as of March 31, 2025, compared to CNY 21,742,586,040.70 as of December 31, 2024[12]. - Total liabilities decreased slightly to CNY 10,691,746,754.99 as of March 31, 2025, from CNY 10,777,329,728.09 as of December 31, 2024[13]. - The company's equity increased to CNY 11,358,711,920.53 as of March 31, 2025, compared to CNY 10,965,256,312.61 as of December 31, 2024[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,904[6]. - The largest shareholder, China Electric Equipment Group Co., Ltd., holds 41.42% of the shares, totaling 562,069,223 shares[7]. Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 2,076,596,750.16, up 18.3% from CNY 1,755,981,758.46 in Q1 2024[16]. - Research and development expenses for Q1 2025 were CNY 104,576,206.96, up from CNY 72,984,503.97 in Q1 2024, indicating a focus on innovation and development[16]. Government Subsidies - The company received government subsidies amounting to CNY 2,489,289.82, which are closely related to its normal business operations[5].