HTGD(SH:600487)2025-04-24 12:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 13,267,951,777.19, representing a year-on-year increase of 12.58% compared to CNY 11,784,838,907.31 in the same period last year[4]. - Net profit attributable to shareholders was CNY 556,783,362.25, an increase of 8.52% from CNY 513,074,864.08 in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 545,685,849.24, reflecting a significant increase of 32.67% compared to CNY 411,303,403.19 last year[4]. - Basic and diluted earnings per share were both CNY 0.2298, up 10.48% from CNY 0.2080 in the same period last year[4]. - The total comprehensive income for Q1 2025 was ¥805,515,468.46, an increase of 10.1% from ¥731,743,974.81 in Q1 2024[26]. - The net profit for Q1 2025 was ¥592,806,253.13, up 9.3% from ¥542,335,099.83 in Q1 2024[26]. Cash Flow and Assets - The net cash flow from operating activities decreased by 55.73%, amounting to CNY 76,648,500.75, down from CNY 173,137,554.87 in the previous year[4]. - Cash and cash equivalents as of March 31, 2025, were ¥11.86 billion, slightly down from ¥11.92 billion as of December 31, 2024[20]. - Total current assets amounted to ¥48.29 billion as of March 31, 2025, compared to ¥47.03 billion at the end of 2024, marking a 2.7% increase[20]. - Total liabilities as of March 31, 2025, were ¥35.83 billion, slightly up from ¥35.54 billion at the end of 2024[22]. - The net cash flow from investing activities for Q1 2025 was -¥468,993,750.07, an improvement from -¥611,924,123.62 in Q1 2024[29]. - The net cash flow from financing activities for Q1 2025 was -¥232,443,268.93, compared to -¥939,890,074.19 in Q1 2024, indicating a reduction in cash outflow[29]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 29,322,679,824.35, up 2.76% from CNY 28,534,959,312.28 at the end of the previous year[5]. - The number of ordinary shareholders at the end of the reporting period was 183,380[9]. - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million[14]. - The company has completed the repurchase of 14,168,695 shares, accounting for 0.57% of the total share capital[14]. Operational Highlights - The company reported steady growth in its high-voltage and smart grid, industrial and new energy intelligence, and marine energy and communication sectors, contributing to the increase in net profit[8]. - The company has a backlog of orders amounting to approximately RMB 18 billion in the energy interconnection sector and RMB 8 billion in marine communication[13]. - The company has successfully won contracts for marine energy projects totaling RMB 1.133 billion[16]. - The controlling shareholder, Hengtong Group, plans to increase its stake in the company with a funding commitment of up to RMB 270 million from bank loans[17][18]. - The company is focusing on enhancing operational quality and increasing shareholder returns through its "Quality Improvement and Efficiency Enhancement" action plan[15]. - The company has ongoing projects related to the PEACE trans-oceanic cable communication system with an order value exceeding USD 300 million[13]. Research and Development - Research and development expenses for Q1 2025 were ¥458.76 million, a decrease of 3.2% from ¥474.05 million in Q1 2024[25].