NCPC(SH:600812)2025-04-23 10:55Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,574,254,051.92, representing a 0.65% increase compared to CNY 2,557,512,113.04 in the same period last year[5]. - Net profit attributable to shareholders increased by 216.72% to CNY 57,491,586.04 from CNY 18,152,447.09 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 376.62% to CNY 55,215,276.48 from CNY 11,584,706.31 in the previous year[5]. - Basic and diluted earnings per share rose by 209.09% to CNY 0.034 from CNY 0.011 in the same period last year[6]. - Operating profit for Q1 2025 increased to CNY 102,915,436.03, up from CNY 57,678,495.87 in Q1 2024, marking a growth of 78.3%[19]. - Net profit for Q1 2025 was CNY 103,152,262.47, compared to CNY 58,024,653.96 in Q1 2024, indicating a significant increase of 77.8%[19]. - The total comprehensive income for the first quarter of 2025 was CNY 76,665,384.87, compared to CNY 32,832,514.11 in the same quarter of 2024, reflecting a growth of 133.3%[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,994,031,603.41, a 2.43% increase from CNY 21,471,458,316.43 at the end of the previous year[6]. - Total assets as of March 31, 2025, were CNY 21,994,031,603.41, compared to CNY 21,471,458,316.43 at the end of 2024, an increase of 2.4%[15]. - Total liabilities increased to CNY 15,242,159,883.34 from CNY 14,796,845,228.85, reflecting a growth of 3.0%[16]. - Shareholders' equity as of March 31, 2025, was CNY 6,751,871,720.07, up from CNY 6,674,613,087.58, indicating an increase of 1.2%[16]. - The total assets of the company as of the end of the reporting period were CNY 20,766,375,602.41, compared to CNY 20,399,275,971.41 at the end of the previous period[26]. - The total liabilities increased to CNY 13,615,435,373.68 from CNY 13,257,882,326.66, indicating a rise of 2.7%[26]. Cash Flow - The net cash flow from operating activities decreased by 71.20% to CNY 163,313,819.39 from CNY 567,082,778.87 in the same period last year, primarily due to land compensation received in the previous year[5][8]. - Operating cash flow for Q1 2025 was CNY 163,313,819.39, a decrease of 71.2% from CNY 567,082,778.87 in Q1 2024[22]. - Cash flow from operating activities for Q1 2025 was CNY 233,541,416.19, down from CNY 468,135,883.93 in Q1 2024, a decrease of 50%[30]. - The cash flow from financing activities in Q1 2025 was CNY 12,963,768.54, contrasting with a negative cash flow of CNY -489,392,313.10 in Q1 2024[23]. - The net cash flow from financing activities was -$186,603,336.40, compared to -$457,540,488.63 previously[31]. Shareholder Information - The top three shareholders hold a combined 55% of the company's shares, with the largest being Jizhong Energy Co., Ltd. at 24.08%[10]. Operational Efficiency - The company implemented comprehensive budget management and lean management to enhance quality and efficiency, contributing to improved profitability[7]. - The company received government subsidies amounting to CNY 2,084,293.47, which are closely related to its normal business operations[7]. Inventory and Receivables - Accounts receivable increased to CNY 2,324,234,183.39 from CNY 2,049,376,568.87, representing a rise of 13.4%[14]. - Inventory decreased to CNY 2,395,392,879.99 from CNY 2,510,534,823.14, a decline of 4.6%[14]. - The company’s inventory decreased to CNY 976,648,688.09 as of March 31, 2025, from CNY 1,097,619,342.69 at the end of 2024, indicating a reduction of 11.0%[24]. Research and Development - Research and development expenses for Q1 2025 were CNY 30,287,934.42, significantly higher than CNY 16,960,117.65 in Q1 2024, marking an increase of 78.5%[27]. Accounting Standards - The company will not apply new accounting standards starting from 2025[32].