中环环保(300692) - 2025 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2025 was CNY 194,834,994.74, a decrease of 11.59% compared to CNY 220,376,659.97 in the same period last year[4] - Net profit attributable to shareholders was CNY 20,671,530.39, down 35.43% from CNY 32,015,750.41 year-on-year[4] - Net profit excluding non-recurring items was CNY 19,143,599.37, a decline of 39.73% compared to CNY 31,764,116.96 in the previous year[4] - Total operating revenue decreased to ¥194,834,994.74 from ¥220,376,659.97, representing a decline of approximately 11.5% year-over-year[18] - Net profit for the period was ¥22,023,239.33, down from ¥33,513,581.01, indicating a decline of approximately 34.3% year-over-year[19] - The total comprehensive income for the period was CNY 22,023,239.33, compared to CNY 33,513,581.01 in the previous period, reflecting a decrease of approximately 34%[20] - The company reported a decrease in the total comprehensive income attributable to the parent company to CNY 20,671,530.39 from CNY 32,015,750.41, a decline of approximately 35.5%[20] Cash Flow and Assets - Operating cash flow increased significantly by 87.58%, reaching CNY 40,753,950.97, compared to CNY 21,726,421.60 in the same period last year[4] - Net cash flow from operating activities increased by 87.58% to $40.75 million in Q1 2025, up from $21.73 million in Q1 2024[10] - Cash and cash equivalents decreased by 31.37% to CNY 162,101,605.87, primarily due to increased payments during the period[9] - Cash and cash equivalents at the end of the period amount to ¥162,101,605.87, down from ¥236,211,335.75 at the beginning of the period[15] - The net cash flow from operating activities was CNY 40,753,950.97, an increase of 87.5% from CNY 21,726,421.60 in the previous period[23] - Cash and cash equivalents at the end of the period decreased to CNY 149,526,322.10 from CNY 555,899,178.47, a decline of approximately 73%[24] Liabilities and Equity - Total assets at the end of Q1 2025 were CNY 6,773,895,100.69, a decrease of 1.21% from CNY 6,856,894,314.66 at the end of the previous year[4] - Total liabilities decreased to ¥4,272,826,626.47 from ¥4,378,106,354.00, indicating a decline of approximately 2.4%[17] - Shareholders' equity attributable to the parent company increased by 0.92% to CNY 2,283,623,847.36 from CNY 2,262,695,042.74 at the end of the previous year[4] - The company's equity increased to ¥2,501,068,474.22 from ¥2,478,787,960.66, reflecting a growth of about 0.9%[17] Expenses and Costs - Operating costs decreased by 12.23% to $111.82 million in Q1 2025 from $127.41 million in Q1 2024[10] - Total operating costs decreased to ¥165,183,595.12 from ¥184,257,229.33, a reduction of about 10.4% year-over-year[19] - Research and development expenses increased by 14.20% to $3.38 million in Q1 2025 from $2.96 million in Q1 2024[10] - Research and development expenses increased to ¥3,381,386.82 from ¥2,961,004.60, representing a rise of approximately 14.2% year-over-year[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,125[12] - The largest shareholder, Zhang Bozhong, holds 15.45% of shares, totaling 65,565,434 shares[12] - The second-largest shareholder, Anhui Zhongchen Investment Holdings Co., Ltd., holds 12.76% of shares, totaling 54,150,000 shares[12] - The company has a repurchase account holding 9,560,890 shares, representing 2.25% of total shares[13] Other Financial Metrics - The company reported non-recurring gains of CNY 1,527,931.02, after accounting for tax effects and minority interests[7] - The company experienced a 57.35% reduction in income tax expenses, totaling $2.20 million in Q1 2025 compared to $5.15 million in Q1 2024[10] - Contract liabilities surged by 125.18% to $6.35 million, primarily due to hazardous waste not yet disposed of[10] - The company reported a credit impairment loss of ¥-8,509,051.47 compared to a gain of ¥981,747.07 in the previous period[19]