保变电气(600550) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,478,942,440.95, representing a 120.38% increase compared to ¥671,075,800.63 in the same period last year[3] - Net profit attributable to shareholders was ¥28,310,686.27, a significant increase of 1,250.51% from ¥2,096,290.28 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,154,790.25, up 2,058.37% from ¥1,211,784.34 in the previous year[3] - Basic and diluted earnings per share both increased to ¥0.015, reflecting a 1,400.00% rise from ¥0.001[3] - The weighted average return on equity improved to 4.60%, an increase of 4.19 percentage points compared to 0.41% in the previous year[3] - The net profit for Q1 2025 was CNY 35,600,538.19, a significant increase from CNY 7,608,614.77 in Q1 2024, representing a growth of approximately 368%[17] - Operating profit for Q1 2025 reached CNY 37,636,156.90, compared to CNY 9,727,477.33 in Q1 2024, indicating an increase of about 287%[17] - The total comprehensive income for Q1 2025 was CNY 36,076,748.27, significantly higher than CNY 10,944,679.93 in Q1 2024, marking an increase of approximately 229%[18] Revenue and Costs - Total revenue for Q1 2025 reached ¥1,478,942,440.95, a significant increase from ¥671,075,800.63 in Q1 2024, representing a growth of approximately 120.1%[16] - Total operating costs for Q1 2025 were ¥1,470,489,946.91, compared to ¥671,228,695.57 in Q1 2024, indicating an increase of about 119.5%[16] - Total revenue from sales of goods and services in Q1 2025 was CNY 1,191,944,325.62, up from CNY 945,933,215.68 in Q1 2024, reflecting a growth of approximately 26%[21] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥603,968,562.02, compared to -¥302,554,364.83 in the same period last year, indicating increased cash outflows due to higher orders[3] - The company's cash and cash equivalents decreased to ¥840,176,590.28 as of March 31, 2025, down from ¥1,176,310,907.43 on December 31, 2024, reflecting a decline of approximately 28.6%[10] - Cash and cash equivalents at the end of Q1 2025 stood at CNY 587,320,489.12, compared to CNY 507,550,655.75 at the end of Q1 2024, showing an increase of about 16%[23] - The investment activities generated a net cash outflow of CNY -17,661,824.56 in Q1 2025, compared to CNY -13,506,403.01 in Q1 2024, indicating a worsening in investment cash flow[22] - The financing activities resulted in a net cash inflow of CNY 294,358,445.99 in Q1 2025, compared to CNY 116,470,546.50 in Q1 2024, reflecting an increase of approximately 153%[22] Shareholder Equity and Assets - Total assets at the end of the reporting period were ¥7,174,523,996.83, a decrease of 4.51% from ¥7,513,323,652.85 at the end of the previous year[4] - Shareholders' equity attributable to shareholders increased by 5.08% to ¥630,345,055.97 from ¥599,843,364.46 at the end of the previous year[4] - The company's total assets amounted to ¥7,174,523,996.83 as of March 31, 2025, compared to ¥7,513,323,652.85 on December 31, 2024, reflecting a decline of approximately 4.5%[13] - The net loss attributable to shareholders was ¥5,533,416,238.18 as of March 31, 2025, slightly improved from a loss of ¥5,561,726,924.45 on December 31, 2024[13] Expenses - Research and development expenses for Q1 2025 were ¥24,731,537.62, an increase from ¥19,770,689.67 in Q1 2024, marking a growth of approximately 24.8%[16] - The company reported a significant increase in sales expenses, totaling ¥30,151,108.56 in Q1 2025, compared to ¥34,431,219.61 in Q1 2024, indicating a decrease of about 12.5%[16] - The company incurred interest expenses of CNY 20,502,301.92 in Q1 2025, compared to CNY 18,751,137.47 in Q1 2024, which is an increase of about 9%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 153,734[7]