贵州燃气(600903) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,293,706,207.11, representing a 13.00% increase compared to CNY 2,029,912,234.46 in the same period last year[4]. - Net profit attributable to shareholders decreased by 29.73% to CNY 71,519,241.72 from CNY 101,791,556.22 year-on-year[4]. - The net profit excluding non-recurring gains and losses fell by 33.30% to CNY 65,676,092.68 compared to CNY 98,470,228.99 in the previous year[4]. - Basic and diluted earnings per share were both CNY 0.06, down 33.33% from CNY 0.09 in the same period last year[6]. - The company's net profit for Q1 2025 was not explicitly stated but can be inferred from the operating profit and costs[20]. - The total profit for Q1 2025 was CNY 122,556,322.31, down from CNY 146,339,266.71 in the same period last year, reflecting a decline of 16.3%[21]. - Operating profit for Q1 2025 was CNY 116,624,664.58, compared to CNY 142,481,229.93 in Q1 2024, indicating a decrease of 18.1%[21]. - The company reported a total comprehensive income of CNY 96,242,754.80 for Q1 2025, compared to CNY 107,641,943.98 in Q1 2024, reflecting a decrease of 10.5%[21]. Cash Flow and Assets - Cash flow from operating activities was CNY 87,500,768.55, a significant recovery from a negative cash flow of CNY -71,142,547.98 in the same period last year[4]. - Cash and cash equivalents increased significantly to ¥1,083,667,680.50 as of March 31, 2025, compared to ¥507,929,355.26 at the end of 2024, representing a growth of 113.1%[14]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 1,027,897,340.96, an increase from CNY 841,393,914.68 at the end of Q1 2024[27]. - The cash flow from financing activities for Q1 2025 was CNY 632,402,692.64, an increase from CNY 373,831,720.35 in Q1 2024[27]. - Total assets increased by 6.47% to CNY 12,118,942,382.09 from CNY 11,383,019,183.42 at the end of the previous year[6]. - Total assets rose to ¥12,118,942,382.09 as of March 31, 2025, up from ¥11,383,019,183.42 at the end of 2024, indicating a growth of 6.5%[15]. - Total liabilities increased to ¥7,932,358,064.70 as of March 31, 2025, compared to ¥7,309,076,897.67 at the end of 2024, reflecting a rise of 8.5%[16]. Operating Costs and Profitability - Total operating costs for Q1 2025 were ¥2,173,166,196.82, up 15.4% from ¥1,882,673,460.70 in Q1 2024[20]. - Operating profit margin decreased to 5.3% in Q1 2025 from 7.3% in Q1 2024 due to rising costs[20]. - The weighted average return on equity decreased to 2.26% from 3.20% year-on-year, reflecting a decline in profitability[6]. Research and Development - Research and development expenses increased significantly, indicating a focus on innovation and new product development[9]. - Research and development expenses increased significantly to ¥3,728,103.85 in Q1 2025, compared to ¥321,518.13 in Q1 2024, marking a growth of 1,157.5%[20]. Market Expansion and Subsidiary Establishment - The company established a new subsidiary, Huagui Trading, with a registered capital of CNY 5 million, fully owned by the subsidiary in Zunyi[12]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[20].