联合水务(603291) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 252,941,650.76, representing a 7.47% increase compared to CNY 235,368,176.72 in the same period last year[4] - Net profit attributable to shareholders decreased by 62.76% to CNY 12,526,830.46 from CNY 33,635,215.50 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 52.09% to CNY 8,209,414.47 from CNY 17,135,153.90 in the previous year[4] - The basic and diluted earnings per share decreased by 62.76% to CNY 0.02960 from CNY 0.07947 year-on-year[4] - Operating profit for Q1 2025 was ¥16,893,126.67, down 63.9% from ¥46,814,739.90 in Q1 2024[18] - Net profit for Q1 2025 was ¥13,286,186.86, a decrease of 61.5% from ¥34,487,771.47 in Q1 2024[19] Assets and Liabilities - Total assets increased by 1.99% to CNY 3,789,234,769.09 from CNY 3,715,236,459.21 at the end of the previous year[6] - The company's current assets totaled RMB 769,042,799.13, up from RMB 695,467,752.18, indicating an increase of about 10.55%[14] - The company's total liabilities increased to RMB 1,369,118,145.26 from RMB 1,306,552,547.40, indicating a rise of approximately 4.78%[15] - Total liabilities as of the end of the reporting period were ¥1,949,735,652.97, an increase from ¥1,888,624,494.27 at the end of the previous period[16] Shareholder Equity - Shareholders' equity attributable to the parent company rose by 0.70% to CNY 1,788,725,575.77 from CNY 1,776,354,257.45 at the end of the previous year[6] - Total equity of the company as of March 31, 2025, was RMB 2,420,116,623.83, up from RMB 2,408,683,911.81, indicating a growth of about 0.31%[15] - Total equity attributable to shareholders of the parent company was ¥1,788,725,575.77, up from ¥1,776,354,257.45 in the previous period[16] Cash Flow - The net cash flow from operating activities for Q1 2025 was ¥21,951,947.79, slightly up from ¥20,845,567.83 in Q1 2024[23] - Cash inflow from investment activities in Q1 2025 was ¥218,026,555.44, compared to ¥105,476,719.80 in Q1 2024[23] - The net cash flow from investing activities was -$85.45 million, compared to -$84.81 million in the previous period[24] - Total cash inflow from financing activities was $275.45 million, significantly up from$82.03 million year-over-year[24] - The net cash flow from financing activities increased to $129.18 million, compared to$45.11 million in the prior period[24] - The cash and cash equivalents at the end of the period totaled $147.40 million, up from$127.61 million[24] - The company experienced a net increase in cash and cash equivalents of $65.64 million, contrasting with a decrease of$18.82 million in the previous period[24] Cost and Expenses - Total operating costs for Q1 2025 were ¥240,892,186.09, up 16.3% from ¥207,225,259.03 in Q1 2024[18] - The decline in net profit was primarily due to increased costs from wastewater projects and the absence of significant government subsidies received in the previous year[9] - Cash outflow from investing activities totaled $303.48 million, compared to$190.29 million last year[24] - Cash paid for debt repayment was $135.74 million, up from$26.60 million in the previous period[24] Other Financial Metrics - The weighted average return on equity decreased to 0.70% from 1.95% in the previous year[4] - The company reported non-recurring gains of CNY 4,317,415.99 after accounting for tax effects and minority interests[9] - The company reported a decrease in other comprehensive income after tax of ¥408,317.30 in Q1 2025 compared to an increase of ¥574,012.08 in Q1 2024[19] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $39,744.45[24] - The company will not apply new accounting standards starting from 2025[24]