Financial Performance - The company's operating revenue for Q1 2025 was ¥271,667,637.91, a decrease of 5.32% compared to ¥286,940,837.68 in the same period last year[5] - Net profit attributable to shareholders was ¥50,644,506.06, reflecting a 2.25% increase from ¥49,531,548.82 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥43,006,680.37, down 4.72% from ¥45,137,657.75 in the previous year[5] - The net cash flow from operating activities decreased by 24.56% to ¥56,756,051.74 from ¥75,237,973.64 in the same period last year[5] - Total operating revenue for the current period was ¥271,667,637.91, a decrease of 5.3% from ¥286,940,837.68 in the previous period[22] - Net profit for the current period was ¥50,659,152.48, representing an increase of 2.2% compared to ¥49,563,770.36 in the previous period[23] - The company incurred a financial expense of ¥1,313,859.85, down 52.2% from ¥2,749,983.26 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,602,879,324.10, a decrease of 2.59% from ¥1,645,499,592.25 at the end of the previous year[5] - The company's current assets decreased from approximately 560.76 million RMB to 511.17 million RMB, primarily due to a reduction in cash and cash equivalents[19] - The company's total liabilities decreased from approximately 545.41 million RMB to 459.95 million RMB, indicating improved financial stability[21] - The company's short-term borrowings decreased significantly from approximately 302.68 million RMB to 235.12 million RMB, reflecting a reduction in debt levels[20] - The company’s total liabilities and equity decreased to ¥1,602,879,324.10 from ¥1,645,499,592.25, a reduction of 2.6%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,207[10] - The largest shareholder, Nanchang Baitong Environmental Technology Co., Ltd., held 19.53% of the shares, amounting to 90,000,000 shares[10] - The company plans to implement an employee stock ownership plan or equity incentive through the repurchased shares[14] Non-Recurring Gains and Subsidies - The company reported a total of 7,637,825.69 in non-recurring gains after tax during the reporting period[8] - The company received government subsidies amounting to ¥9,561,968.84 during the reporting period, which positively impacted its financial performance[7] Cash Flow and Investments - Cash and cash equivalents at the end of the period decreased to ¥118,817,978.39 from ¥227,562,650.42, a decline of 47.9%[28] - The company reported a net cash outflow from investing activities of ¥254,686,879.90, compared to a net outflow of ¥49,118,814.28 in the previous period[27] Changes in Projects and Fund Management - The company has changed the use of raised funds, terminating the "Lianyungang Baitong Combined Heat and Power Project" and reallocating the remaining funds to the "Caoxian Baitong Combined Heat and Power Phase II Project" through an interest-free loan agreement[15] - The company signed a fundraising supervision agreement with relevant parties to ensure proper management of the reallocated funds for the new project[16] Inventory and Production - The company reported an increase in inventory from approximately 61.64 million RMB to 66.04 million RMB, indicating potential growth in production or sales[19] Equity and Returns - The weighted average return on equity was 4.54%, down from 4.87% in the previous year[5] - The total equity attributable to shareholders of the parent company increased to ¥1,140,933,143.32 from ¥1,098,106,811.06, reflecting a growth of 3.9%[22] - The company’s non-current assets totaled approximately 1.09 billion RMB, slightly increasing from 1.08 billion RMB at the beginning of the period[20]
百通能源(001376) - 2025 Q1 - 季度财报