望变电气(603191) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 reached ¥786,470,467.91, representing a year-on-year increase of 49.16%[4] - Net profit attributable to shareholders decreased by 38.93% to ¥14,495,838.09, primarily due to increased financial expenses[8] - Net profit for Q1 2025 was ¥15.80 million, a decrease of 33.5% compared to ¥23.74 million in Q1 2024[20] - Total operating revenue for Q1 2025 reached ¥786.47 million, a 49.0% increase from ¥527.28 million in Q1 2024[19] - Total operating costs for Q1 2025 were ¥771.04 million, up 51.0% from ¥511.13 million in Q1 2024[19] Cash Flow - The net cash flow from operating activities improved significantly, with a net inflow of ¥77,992,865.51 compared to a net outflow of ¥134,364,955.45 in the previous year[8] - Operating cash flow for Q1 2025 was ¥77.99 million, a significant improvement from a negative cash flow of ¥134.36 million in Q1 2024[22] - The company experienced a net cash outflow from investing activities of ¥19.47 million in Q1 2025, an improvement from a net outflow of ¥631.84 million in Q1 2024[23] - In Q1 2025, the net cash flow from operating activities was $94,132,085.64, a significant improvement compared to a net outflow of $120,431,174.85 in Q1 2024[32] - Total cash inflow from operating activities in Q1 2025 was $525,983,056.75, up from $424,212,763.68 in Q1 2024, representing an increase of approximately 24%[32] Assets and Liabilities - The total assets of the company increased by 4.20% to ¥6,806,102,739.78 compared to the end of the previous year[5] - The company's current assets reached RMB 4,446,506,437.17, up from RMB 4,140,062,821.47, indicating an increase of about 7.4%[14] - The total liabilities as of March 31, 2025, were RMB 4,230,549,536.89, compared to RMB 3,979,107,044.01 at the end of 2024, representing a rise of approximately 6.3%[16] - The company's total assets increased to CNY 5,738,459,558.40 as of March 31, 2025, up from CNY 5,474,076,157.25 on December 31, 2024, representing a growth of approximately 4.8%[26][28] - Current assets totaled CNY 3,358,790,106.22 as of March 31, 2025, an increase of 9.3% from CNY 3,073,854,067.71 at the end of 2024[26] Equity and Earnings - The total equity attributable to shareholders increased slightly by 0.78% to ¥2,432,160,481.66[5] - The company's equity attributable to shareholders reached RMB 2,432,160,481.66, a slight increase from RMB 2,413,243,343.39, representing a growth of approximately 0.8%[16] - Basic and diluted earnings per share for Q1 2025 were both ¥0.04, compared to ¥0.07 in Q1 2024[20] - The weighted average return on net assets decreased by 0.39 percentage points to 0.60%[4] Research and Development - Research and development expenses increased to ¥10.59 million in Q1 2025, up from ¥7.60 million in Q1 2024, reflecting a focus on innovation[19] - The company reported a decrease in research and development expenses to CNY 6,182,773.22 in the first quarter of 2025, down from CNY 7,594,000.67 in the first quarter of 2024[28] Future Outlook - The company expects continued growth in the power distribution and control equipment sector, driven by the consolidation of Yunbian Electric into its financials starting April 1, 2024[7] - The company's total assets and liabilities will be detailed in the upcoming financial statements, reflecting ongoing strategic initiatives[24] Inventory and Receivables - Accounts receivable stood at RMB 1,628,594,451.62, slightly down from RMB 1,642,015,243.49, showing a decrease of about 0.8%[14] - The company's inventory increased to RMB 984,291,957.28 from RMB 869,951,878.25, reflecting a growth of approximately 13.1%[14]