华能水电(600025) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,384,785,431.51, representing a year-on-year increase of 21.84% compared to CNY 4,419,724,585.09 in the same period last year[4]. - Net profit attributable to shareholders was CNY 1,508,225,430.70, a 41.56% increase from CNY 1,065,441,947.78 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was CNY 1,520,617,638.70, reflecting a 42.43% increase from CNY 1,067,654,616.21 year-on-year[4]. - Basic and diluted earnings per share increased by 60% to CNY 0.08 from CNY 0.05 in the same period last year[5]. - The weighted average return on equity rose to 2.03%, an increase of 0.46 percentage points compared to 1.57% in the previous year[5]. - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific profit figures were not disclosed in the provided content[16]. - The net profit for the first quarter of 2025 reached CNY 1,739,991,560.17, an increase of 37.05% compared to CNY 1,269,227,098.53 in the same period of 2024[17]. - The operating profit for the first quarter was CNY 1,964,091,772.10, up 36.00% from CNY 1,447,895,948.84 year-over-year[17]. - Total revenue from sales and services in the first quarter was CNY 4,757,635,443.00, compared to CNY 4,526,569,971.07 in the first quarter of 2024, reflecting a growth of 5.09%[20]. - The company reported a total comprehensive income of CNY 1,734,723,410.27 for the first quarter, an increase of 35.67% from CNY 1,278,222,331.67 in the same quarter of 2024[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 216,331,125,461.58, a slight increase of 0.80% from CNY 214,607,123,371.44 at the end of the previous year[5]. - Total assets amounted to CNY 216,331,125,461.58 as of March 31, 2025, compared to CNY 214,607,123,371.44 at the end of 2024[13]. - Total liabilities were CNY 135,517,999,462.38, slightly up from CNY 135,438,631,299.02 in the previous period[13]. - The company's equity increased to CNY 80,813,125,999.20 from CNY 79,168,492,072.42, reflecting a growth of about 2.07%[14]. - The company's total liabilities amounted to CNY 84.58 billion, slightly up from CNY 84.40 billion, indicating a growth of 0.21%[26]. - The total equity of the company increased to CNY 70.93 billion, up from CNY 70.04 billion, reflecting a growth of 1.27%[26]. Cash Flow - The net cash flow from operating activities was CNY 3,016,916,379.46, showing a decrease of 2.23% from CNY 3,085,611,587.23 in the same period last year[4]. - The cash flow from operating activities generated a net amount of CNY 3,016,916,379.46, slightly down from CNY 3,085,611,587.23 in the previous year[21]. - The net cash flow from operating activities for Q1 2025 was CNY 2,140,181,177.30, slightly up from CNY 2,085,711,255.28 in Q1 2024[30]. - The total cash inflow from financing activities in Q1 2025 was CNY 14,185,473,312.62, compared to CNY 13,739,750,146.34 in Q1 2024, reflecting a growth of 3.22%[31]. - Cash outflow for debt repayment in Q1 2025 was CNY 15,263,365,117.36, an increase from CNY 14,166,576,450.00 in Q1 2024[31]. - The net cash flow from financing activities for Q1 2025 was -CNY 1,557,891,069.29, worsening from -CNY 1,011,876,923.13 in Q1 2024[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,489[9]. Costs and Expenses - Total operating costs for Q1 2025 were CNY 3,438,453,783.33, up from CNY 2,992,500,143.22 in Q1 2024, reflecting a 15% increase[16]. - The company incurred financial expenses of CNY 647,501,178.71, a decrease from CNY 681,559,303.27 in the previous year[17]. - Research and development expenses for Q1 2025 were CNY 9.13 million, a decrease of 18% compared to CNY 11.12 million in Q1 2024[28]. - The company's financial expenses decreased to CNY 482.19 million in Q1 2025, down from CNY 507.54 million in Q1 2024, indicating a reduction of 4.97%[28]. Cash and Equivalents - The company's cash and cash equivalents decreased to CNY 2,459,643,554.67 as of March 31, 2025, down from CNY 3,093,114,296.74 at the end of 2024[11]. - The total cash and cash equivalents at the end of the first quarter stood at CNY 2,351,497,899.96, an increase from CNY 2,173,115,897.75 at the end of the first quarter of 2024[22]. - The company's cash and cash equivalents at the end of Q1 2025 stood at CNY 50,057,062.69, compared to CNY 24,391,929.95 at the end of Q1 2024[31].