金科环境(688466) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 129,378,143.43, representing a 17.17% increase compared to CNY 110,414,898.98 in the same period last year[4] - Net profit attributable to shareholders was CNY 11,559,292.58, a 33.14% increase from CNY 8,682,356.60 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 9,977,101.08, reflecting a 35.93% increase compared to CNY 7,339,803.59 in the previous year[4] - The basic earnings per share increased to CNY 0.09, up 28.57% from CNY 0.07 in the same period last year[4] - Total operating revenue for Q1 2025 was CNY 129,378,143.43, an increase of 17.2% compared to CNY 110,414,898.98 in Q1 2024[26] - Net profit for Q1 2025 reached CNY 10,877,381.14, a slight increase of 3.6% from CNY 10,501,253.73 in Q1 2024[27] - The profit attributable to shareholders of the parent company for Q1 2025 was CNY 11,559,292.58, up 33.5% from CNY 8,682,356.60 in Q1 2024[27] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.09, compared to CNY 0.07 in Q1 2024[27] Assets and Liabilities - The company's total assets decreased by 3.64% to CNY 2,218,824,972.22 from CNY 2,302,726,225.34 at the end of the previous year[5] - The company's cash and cash equivalents decreased to RMB 248.44 million from RMB 411.20 million as of December 31, 2024[21] - Total liabilities decreased to CNY 1,043,761,180.64 in Q1 2025 from CNY 1,139,695,582.13 in Q1 2024, a reduction of 8.4%[23] - The total assets decreased from 1,568,342,874.65 RMB to 1,485,811,664.68 RMB, indicating a reduction in the company's asset base[31] - The company's total liabilities decreased from 596,287,396.72 RMB to 507,823,696.09 RMB, indicating a reduction in financial obligations[33] - The total equity increased slightly from 972,055,477.93 RMB to 977,987,968.59 RMB, reflecting a stable equity position despite the overall asset decline[33] Cash Flow - The cash flow from operating activities was negative at CNY -55,895,560.27, primarily due to a decrease in sales collections[10] - The net cash flow from operating activities was -55,895,560.27 RMB, a significant decrease compared to 11,490,528.14 RMB in the previous period, indicating a decline in operational efficiency[29] - Total cash inflow from investment activities was 121,352,326.56 RMB, while cash outflow was 184,353,829.78 RMB, resulting in a net cash flow of -63,001,503.22 RMB, reflecting increased investment expenditures[29] - The net cash flow from financing activities was -43,601,330.79 RMB, a sharp decline from 89,999,498.22 RMB in the previous period, suggesting reduced financing activities[30] - The cash inflow from operating activities was 125,162,147.22 RMB, while cash outflow was 181,057,707.49 RMB, highlighting a cash flow deficit from operations[29] Research and Development - Research and development expenses totaled CNY 5,638,434.71, accounting for 4.36% of operating revenue, down from 5.11% in the previous year[5] - The company's R&D expenses in Q1 2025 were ¥3,757,988.08, slightly up from ¥3,536,405.97 in Q1 2024, indicating a focus on innovation[34] Business Segments - The company achieved a revenue of CNY 57,148,100 from water treatment technology solutions, accounting for 44.17% of total revenue, with a year-on-year increase of 13.16%[9] - The To B business segment generated CNY 87,636,500 in revenue, representing 67.74% of total revenue, while the To G segment contributed CNY 41,726,200, or 32.25%[9] - The company’s revenue from industrial clients (TO B) increased by 8.54% year-over-year, while revenue from municipal clients (TO G) decreased by 2.36%[16] Future Plans and Innovations - The company plans to enhance its water treatment capacity and expand operations by increasing the number of water treatment plants[9] - The company has developed an AI multi-modal operation management platform, launching the new AI entity "Water Radish®" to enhance operational efficiency[18] - The company received the second prize in the Tianjin Science and Technology Progress Award for its key technology in resource utilization of saline industrial wastewater[18] - As of the end of the reporting period, the company holds a total of 124 patents, including 43 Chinese invention patents and 18 PCT patents[19] Inventory and Accounts Receivable - Accounts receivable increased to RMB 420.92 million from RMB 385.26 million in the previous period[21] - The company's inventory increased marginally from 67,058,004.56 RMB to 68,350,681.96 RMB, indicating a slight rise in stock levels[31] - The accounts receivable rose from 282,393,805.00 RMB to 290,828,328.75 RMB, suggesting an increase in credit sales or delayed collections[31] Credit and Financial Risks - The company faced a credit impairment loss of ¥5,185,738.62 in Q1 2025, significantly higher than ¥982,337.75 in Q1 2024, indicating increased credit risk[35] - The company reported a financial expense of CNY 4,035,666.63 in Q1 2025, significantly higher than CNY 1,797,860.50 in Q1 2024[26]