SSC(600871)2025-04-24 12:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 17,850,312, a decrease of 3.7% compared to CNY 18,533,340 in the same period last year[4] - Net profit attributable to shareholders increased by 23.0% to CNY 218,352 from CNY 177,466 year-on-year[4] - The net profit after deducting non-recurring gains and losses rose by 61.3% to CNY 219,153, compared to CNY 135,847 in the previous year[4] - Basic earnings per share increased by 33.3% to CNY 0.012 from CNY 0.009 year-on-year[5] - The total new contracts signed in Q1 2025 amounted to RMB 34.82 billion, a year-on-year increase of 2.2%[10] - New contracts signed with Sinopec Group in Q1 2025 were RMB 17.77 billion, a decrease of 9.1% year-on-year[10] - New contracts in the overseas market reached RMB 8.92 billion, a significant increase of 65.8% year-on-year[10] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,666,653, a significant improvement from a negative CNY 765,461 in the same period last year[4] - In Q1 2025, the company generated operating cash inflow of CNY 20,788,105 thousand, an increase of 14.8% compared to CNY 18,111,053 thousand in Q1 2024[17] - The company's cash and cash equivalents as of March 31, 2025, were RMB 4.87 billion, up from RMB 3.65 billion at the end of 2024[12] - The company's cash and cash equivalents at the end of Q1 2025 totaled CNY 4,662,178 thousand, up from CNY 1,855,808 thousand at the end of Q1 2024[18] - The total cash outflow for operating activities in Q1 2025 was CNY 19,121,452 thousand, slightly higher than CNY 18,876,514 thousand in Q1 2024[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 77,705,263, reflecting a 0.5% increase from CNY 77,340,105 at the end of the previous year[5] - The total assets of the company as of March 31, 2025, were RMB 77.71 billion, compared to RMB 77.34 billion at the end of 2024[13] - The total liabilities of the company were RMB 68.67 billion as of March 31, 2025, slightly down from RMB 68.69 billion at the end of 2024[13] Shareholder Information - Shareholders' equity attributable to shareholders increased by 4.5% to CNY 9,034,870 from CNY 8,648,802 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 109,293[8] Non-Recurring Items - The company recognized non-recurring gains and losses totaling CNY -801, primarily due to various asset disposals and government subsidies[6] - The company did not report any net profit from the merged entity prior to the merger, with both periods showing a net profit of CNY 0[17] Other Financial Metrics - The weighted average return on net assets improved to 2.5%, up by 0.3 percentage points from 2.2%[5] - The company experienced a positive impact from exchange rate changes amounting to CNY 6,273 thousand in Q1 2025, contrasting with a negative impact of CNY -2,306 thousand in Q1 2024[18]