海峡环保(603817) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 278,793,452.62, representing an increase of 8.20% compared to CNY 257,674,140.61 in the same period last year[4]. - Net profit attributable to shareholders decreased by 14.73% to CNY 45,244,930.64 from CNY 53,061,304.89 year-on-year[4]. - The basic earnings per share (EPS) fell by 14.70% to CNY 0.0847 from CNY 0.0993 in the previous year[4]. - Net profit for Q1 2025 was ¥43,825,513.61, a decrease of 10.1% from ¥49,064,012.63 in Q1 2024[18]. - Basic earnings per share for Q1 2025 were ¥0.0847, down from ¥0.0993 in Q1 2024, representing a decline of 14.6%[18]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,299,510,756.66, an increase of 7.97% from CNY 6,760,979,297.66 at the end of the previous year[5]. - Total assets increased to CNY 5,148,440,654.86 as of March 31, 2025, compared to CNY 4,702,637,258.34 at the end of 2024, representing a growth of approximately 9.5%[24]. - Total current assets reached CNY 2,836,543,056.21 as of March 31, 2025, up from CNY 2,407,769,854.24 at the end of 2024, indicating an increase of approximately 17.8%[24]. - Total liabilities increased to ¥4,135,539,303.42 as of March 31, 2025, compared to ¥3,841,887,161.42 at the end of 2024, reflecting a growth of approximately 7.7%[14]. - The company's total liabilities reached CNY 2,128,777,285.02 as of March 31, 2025, an increase from CNY 1,915,096,722.36 at the end of 2024, representing a growth of approximately 11.1%[25]. Cash Flow - The net cash flow from operating activities was negative at CNY -480,422,543.55, compared to CNY -98,477,371.22 in the same period last year, indicating a significant decline[4]. - Cash flow from operating activities for Q1 2025 was negative at -¥480,422,543.55, compared to -¥98,477,371.22 in Q1 2024[20]. - Cash flow from investing activities for Q1 2025 was negative at -¥68,240,917.66, a decrease from a positive cash flow of ¥8,194,895.11 in Q1 2024[21]. - The ending cash and cash equivalents balance for Q1 2025 was ¥277,114,853.78, down from ¥794,954,240.98 in Q1 2024[21]. - The net cash flow from investment activities was -28,902,716.88, a decrease from -122,520,603.46 in the previous period[29]. Shareholder Information - The company reported a total of 26,904 common shareholders at the end of the reporting period[9]. - The largest shareholder, Fuzhou Water Group Co., Ltd., holds 48.43% of the shares, totaling 275,802,271 shares[9]. Government Support - The company received government subsidies amounting to CNY 3,984,963.05, which are closely related to its normal business operations[6]. Current Assets and Inventory - As of March 31, 2025, the company's total current assets increased to ¥2,775,946,041.50 from ¥2,261,956,036.93 as of December 31, 2024, representing a growth of approximately 22.7%[12]. - The company's inventory decreased to ¥17,733,501.04 from ¥18,500,311.61, indicating a decline of approximately 4.1%[12]. Research and Development - Research and development expenses for Q1 2025 were CNY 3,908,406.16, down 29.7% from CNY 5,567,542.81 in Q1 2024[26]. Financial Expenses - The company reported a decrease in financial expenses to CNY 7,769,222.68 in Q1 2025 from CNY 10,035,935.67 in Q1 2024, a reduction of approximately 22.5%[26].