Financial Performance - Operating revenue for Q1 2025 was CNY 60,424,069.37, down 62.06% year-on-year from CNY 159,241,341.02[10] - Net profit attributable to shareholders for Q1 2025 was CNY 15,094,436.11, a decline of 61.37% compared to CNY 39,073,192.04 in the same period last year[10] - The total operating profit for Q1 2025 was CNY 15,098,230.25, compared to CNY 43,213,889.55 in Q1 2024, reflecting a decline of approximately 65.1%[38] - Total operating costs for Q1 2025 were CNY 50,651,960.15, down from CNY 115,952,243.91 in Q1 2024, indicating a reduction of about 56%[35] - Basic and diluted earnings per share for Q1 2025 were both ¥0.14, down from ¥0.37 in Q1 2024[37] - The company's weighted average return on net assets based on net profit attributable to shareholders was 1.39%, down from 3.98% in the previous year[10] Cash Flow - The net cash flow from operating activities was CNY -30,867,453.18, a decrease of 225.64% compared to CNY 24,567,263.07 in the previous year[10] - The cash flow from operating activities for Q1 2025 was negative at CNY -30,867,453.18, compared to a positive CNY 24,567,263.07 in Q1 2024[41] - The total cash inflow from operating activities of CNY 50,918,264.24 in Q1 2025, compared to CNY 192,760,588.74 in Q1 2024, a decrease of approximately 73.6%[40] - The total cash outflow from operating activities in Q1 2025 was CNY 81,785,717.42, compared to CNY 168,193,325.67 in Q1 2024[40] - Cash inflow from investment activities was $126.70 million, an increase from $91.57 million year-over-year[43] - Net cash flow from investment activities was $71.17 thousand, a significant improvement from -$124.90 million in the previous period[43] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 1,293,072,478.29, a decrease of 0.85% compared to the end of 2024[10] - Total current assets as of March 31, 2025, amount to ¥1,021,978,845.70, a decrease from ¥1,094,020,516.89 as of December 31, 2024, representing a decline of approximately 6.6%[29] - Total liabilities decreased to ¥197,224,402.27 from ¥223,583,056.33, a reduction of about 11.8%[31] - The company's asset-liability ratio (consolidated) improved to 15.25% from 17.14% at the end of 2024[10] - Total equity attributable to shareholders increased to ¥1,095,848,076.02 from ¥1,080,550,006.67, showing a growth of approximately 1.4%[31] Shareholder Information - The total number of ordinary shareholders was 3,916 as of the end of the reporting period[17] - The largest shareholder, Han Jun, holds 52,684,800 shares, representing 48.94% of the total shares[18] - The second largest shareholder, Siyang Hejun Information Consulting Center, holds 8,232,000 shares, accounting for 7.65%[18] - The total shares held by the top ten shareholders amount to 78,834,419, which is 73.23% of the total shares[19] - There are no pledged or judicially frozen shares among the top ten shareholders[21] - The company has committed to not reducing shareholdings for 12 months starting from March 27, 2025, with Han Jun holding 13,171,200 shares and Liu Yongchao holding 1,234,800 shares[25] Other Income and Expenses - The company reported a significant increase in other income, which rose by 1,129.94% to CNY 1,103,505.41 due to increased government subsidies[12] - The company experienced a 542.62% increase in credit impairment losses, amounting to CNY 2,533,157.98, due to provisions for bad debts[12] - The company incurred research and development expenses of CNY 3,621,940.33 in Q1 2025, down from CNY 5,436,745.82 in Q1 2024, indicating a reduction of about 33.4%[38] - The company reported other income of CNY 64,160.12 in Q1 2025, compared to a loss of CNY -113,108.59 in Q1 2024, showing a significant turnaround[38] Legal and Compliance - The company has no ongoing litigation or arbitration matters during the reporting period[24] - The company has disclosed that all previously announced commitments have been fulfilled without any violations[25] - The financial report has not been audited[28]
广厦环能(873703) - 2025 Q1 - 季度财报