SPICYD(SH:600292)2025-04-23 11:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 878,805,537.46, representing a 4.53% increase compared to CNY 840,740,749.02 in the same period last year[4]. - Net profit attributable to shareholders was CNY 40,140,626.34, a significant increase of 26.83% from CNY 31,648,687.71 year-on-year[4]. - Basic earnings per share rose to CNY 0.05, up 25% from CNY 0.04 in the previous year[5]. - Operating profit for Q1 2025 was approximately 63.48 million, compared to 54.81 million in Q1 2024, reflecting a growth of 15.5%[20]. - Net profit for Q1 2025 reached approximately 47.26 million, representing a 19.5% increase from 39.53 million in Q1 2024[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,515,035,719.33, a slight increase of 0.12% from CNY 9,503,209,346.30 at the end of the previous year[5]. - Total liabilities decreased to CNY 3,893,960,161.70 from CNY 3,918,384,895.50, reflecting a reduction of approximately 0.62%[17]. - The company's total assets reached CNY 9,515,035,719.33 as of March 31, 2025, compared to CNY 9,503,209,346.30 at the end of 2024, indicating a slight increase of about 0.12%[16]. - The company's total current assets decreased to CNY 591,252,653.96 from CNY 664,881,384.32 in the previous period, reflecting a decline of approximately 11.0%[27]. - The total liabilities rose to CNY 385,070,783.27 from CNY 358,245,279.04, marking an increase of approximately 7.5%[29]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 13,543,908.56, compared to a net inflow of CNY 66,236,046.92 in the same period last year[4]. - Cash flow from operating activities for Q1 2025 was negative at approximately -13.54 million, a decrease from a positive 66.24 million in Q1 2024[25]. - The net cash flow from operating activities for Q1 2025 was -CNY 4,038,965.67, an improvement compared to -CNY 46,230,328.03 in Q1 2024[32]. - The cash inflow from investment activities in Q1 2025 was CNY 148,549,889.52, up from CNY 93,172,787.50 in Q1 2024, marking a 59.6% increase[32]. - The cash outflow from financing activities in Q1 2025 was CNY 44,361.78, significantly lower than CNY 30,711,756.31 in Q1 2024[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,732[9]. - The company reported a total equity of CNY 5,621,075,557.63 as of March 31, 2025, compared to CNY 5,584,824,450.80 at the end of 2024, representing an increase of approximately 0.65%[17]. Operational Changes - The company completed the divestment of all controlled renewable energy assets, involving 13 projects, to focus on core business operations[2]. - The company is taking measures to address environmental compliance issues, including a CNY 150,000 administrative penalty due to excess discharge, and is implementing emergency measures to restore compliance[2]. Inventory and Receivables - Accounts receivable increased by 67.10%, primarily due to the receipt of commercial acceptance bills from customers during the reporting period[7]. - Inventory rose by 37.80%, mainly due to an increase in inventory of denitration catalysts[7]. - The company’s accounts receivable stood at CNY 1,650,984,373.40, a slight decrease from CNY 1,686,420,758.67, indicating a reduction of about 2.10%[15]. Compliance and Standards - The company has not yet adopted new accounting standards or interpretations for the year 2025[33].