浙江新能(600032) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,110,865,229.94, a decrease of 5.27% compared to CNY 1,172,645,832.59 in the same period last year[4] - Net profit attributable to shareholders decreased by 51.46% to CNY 83,928,716.65 from CNY 172,922,853.99 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 78,339,407.73, down 51.65% from CNY 162,015,533.04 in the previous year[4] - The basic earnings per share fell by 51.46% to CNY 0.0349 from CNY 0.0719 in the same period last year[4] - The net profit for the first quarter of 2025 is CNY 92,250,169.90, a decrease of 61.6% compared to CNY 240,776,825.63 in the same period of 2024[18] - The operating profit for the first quarter of 2025 is CNY 109,589,826.35, down from CNY 276,000,051.62 in the first quarter of 2024, representing a decline of 60.3%[18] - The total revenue from operating activities in the first quarter of 2025 is CNY 761,859,346.28, compared to CNY 789,734,868.66 in the first quarter of 2024, indicating a decrease of 3.5%[20] - The basic earnings per share for the first quarter of 2025 is CNY 0.0349, compared to CNY 0.0719 in the first quarter of 2024, reflecting a decrease of 51.5%[18] Cash Flow and Assets - The net cash flow from operating activities increased by 10.97% to CNY 454,826,425.47 compared to CNY 409,867,459.08 in the previous year[4] - Current assets totaled RMB 11,883,779,393.16 as of March 31, 2025, an increase from RMB 11,515,549,737.42 at the end of 2024[12] - Non-current assets amounted to RMB 47,148,257,930.85 as of March 31, 2025, down from RMB 47,387,514,309.73 at the end of 2024[13] - Total assets reached RMB 59,032,037,324.01 as of March 31, 2025, compared to RMB 58,903,064,047.15 at the end of 2024[14] - The company reported a decrease in cash and cash equivalents to RMB 1,765,343,308.15 as of March 31, 2025, from RMB 1,879,261,783.84 at the end of 2024[12] - The cash flow from operating activities for the first quarter of 2025 is CNY 454,826,425.47, an increase of 10.9% from CNY 409,867,459.08 in the first quarter of 2024[20] Costs and Liabilities - Total operating costs for Q1 2025 were RMB 1,005,860,613.92, an increase of 10.1% from RMB 913,433,326.87 in Q1 2024[16] - Operating costs included RMB 697,811,343.55 for cost of goods sold in Q1 2025, up from RMB 605,251,383.61 in Q1 2024[16] - Total liabilities were RMB 40,027,300,754.94 as of March 31, 2025, slightly down from RMB 40,117,469,238.84 at the end of 2024[14] Shareholder Equity and Returns - Shareholders' equity attributable to shareholders increased by 0.76% to CNY 12,526,533,625.87 from CNY 12,431,604,330.72 at the end of the previous year[4] - The weighted average return on equity decreased by 0.75 percentage points to 0.67% from 1.42% in the previous year[4] - Shareholders' equity increased to RMB 19,004,736,569.07 as of March 31, 2025, from RMB 18,785,594,808.31 at the end of 2024[14] Government Support and Financial Activities - The company received government subsidies amounting to CNY 793,032.16 during the reporting period[6] - The company incurred financial expenses of CNY 241,154,475.65 in the first quarter of 2025, slightly down from CNY 246,075,718.48 in the same period of 2024[18] - The company reported a total cash inflow from financing activities of CNY 2,540,197,831.61 in the first quarter of 2025, compared to CNY 1,858,951,581.89 in the same period of 2024, an increase of 36.7%[21] Operational Challenges - The decline in net profit was primarily due to reduced power generation from offshore wind and hydropower projects, as well as decreased electricity sales in the northwest region due to photovoltaic power restrictions[8] - The company's investment activities resulted in a net cash outflow of CNY 693,818,203.59 in the first quarter of 2025, compared to a net outflow of CNY 262,128,827.53 in the same period of 2024[20] - The company’s tax expenses for the first quarter of 2025 are CNY 18,198,376.72, down from CNY 37,276,324.31 in the first quarter of 2024, a decrease of 51.2%[18]