BGE(SH:603588)2025-04-14 10:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,308,169,094.62, representing a 5.86% increase compared to CNY 3,125,074,136.64 in the same period last year[3] - Net profit attributable to shareholders was CNY 224,563,024.62, up 15.75% from CNY 194,006,643.83 year-on-year[3] - Net profit for Q1 2025 was RMB 262,477,816.89, compared to RMB 209,973,143.26 in Q1 2024, representing a growth of 25.00%[17] - The total comprehensive income for the current period is ¥262,477,816.89, compared to ¥209,973,143.26 in the previous period, reflecting an increase of approximately 25%[18] - Basic and diluted earnings per share for the current period are both ¥0.147, up from ¥0.127 in the previous period, indicating a growth of about 15.7%[18] Cash Flow - The net cash flow from operating activities increased significantly by 162.75%, reaching CNY 262,468,627.68 compared to CNY 99,894,045.11 in the previous year[3] - The net cash flow from operating activities for the first quarter of 2025 is ¥262,468,627.68, a substantial increase from ¥99,894,045.11 in the first quarter of 2024, representing a growth of approximately 162.5%[20] - Cash inflow from operating activities totaled ¥4,010,573,967.44, compared to ¥3,529,399,284.49 in the previous year, marking an increase of about 13.6%[20] - Cash outflow from operating activities was ¥3,748,105,339.76, up from ¥3,429,505,239.38, which is an increase of approximately 9.3%[20] - The net cash flow from investing activities is -¥86,635,587.27, compared to -¥535,240,019.85 in the previous period, indicating a reduction in cash outflow[21] - The net cash flow from financing activities for the current period is -¥302,738,879.04, a decrease from ¥304,269,848.47 in the previous period[21] - The ending cash and cash equivalents balance is ¥1,303,617,418.96, compared to ¥1,162,374,623.02 at the end of the previous period, reflecting an increase of approximately 12.1%[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 27,078,834,412.92, a slight decrease of 0.69% from CNY 27,267,773,417.21 at the end of the previous year[4] - Current assets totaled RMB 13,819,930,397.58 as of March 31, 2025, compared to RMB 13,887,598,987.51 at the end of 2024, showing a decrease of 0.49%[12] - Total liabilities increased to RMB 16,961,420,217.73 as of March 31, 2025, from RMB 17,371,794,838.89 at the end of 2024, a decrease of 2.36%[14] - The company's equity attributable to shareholders increased by 2.49% to CNY 9,271,168,359.32 from CNY 9,046,113,014.92 at the end of the last year[4] - The company's equity attributable to shareholders rose to RMB 9,271,168,359.32 as of March 31, 2025, compared to RMB 9,046,113,014.92 at the end of 2024, an increase of 2.49%[14] Research and Development - Research and development expenses surged by 159.43%, indicating increased investment in the solid waste and hazardous waste resource utilization sector[6] - Research and development expenses in Q1 2025 amounted to RMB 132,708,699.92, significantly higher than RMB 51,153,218.17 in Q1 2024, indicating an increase of 159.00%[17] Profitability - The company reported a gross profit margin of approximately 6.63% for Q1 2025, compared to 14.83% in Q1 2024, indicating a decline in profitability[17] - The company reported a significant increase in minority shareholder profit by 137.46%, attributed to the profitability of Jinchang Gaoneng[6] - The net profit attributable to minority shareholders increased to ¥37,914,792.27 from ¥15,966,499.43, showing a significant rise of about 137.5%[18] Strategic Outlook - The company has not identified any significant new strategies or market expansions in the current report[10] Operating Costs - Total operating costs for Q1 2025 were RMB 3,089,307,214.31, up from RMB 2,970,809,875.09 in Q1 2024, reflecting a year-on-year increase of 4.00%[16]