SEWPG(SH:688660)2025-04-25 11:45Financial Performance - The company's operating revenue for Q1 2025 was ¥770,108,634.12, representing a 64.04% increase compared to ¥469,451,755.69 in the same period last year[3] - The net profit attributable to shareholders was -¥187,338,712.63, an improvement from -¥211,942,690.09 year-on-year[3] - The net profit for Q1 2025 was -189,504,840.13 RMB, an improvement from -212,062,060.59 RMB in Q1 2024, representing a decrease in net loss of approximately 10.6%[17] - Operating profit for Q1 2025 was -186,517,817.56 RMB, compared to -241,612,160.48 RMB in Q1 2024, indicating a reduction in operating loss of about 22.8%[17] - The total comprehensive income for Q1 2025 was -189,593,805.49 RMB, compared to -209,092,730.92 RMB in Q1 2024, reflecting an improvement of about 9.3%[17] - The basic and diluted earnings per share were both -¥0.14, showing an improvement from -¥0.16 in the same period last year[3] Cash Flow - The net cash flow from operating activities was ¥199,097,760.04, a significant recovery from -¥1,790,418,281.05 in the previous year[3] - Cash flow from operating activities for Q1 2025 was ¥243,177,234.66, a turnaround from -¥1,761,165,198.16 in Q1 2024[26] - The net increase in cash and cash equivalents for Q1 2025 was 31,875,972.91, contrasting with a decrease of 269,968,036.61 in Q1 2024[27] - The company's cash and cash equivalents were reported at ¥2,975,915,626.18 as of March 31, 2025, slightly down from ¥3,004,695,212.56 at the end of 2024[11] - Cash and cash equivalents at the end of Q1 2025 were 2,433,448,029.34, up from 1,223,148,927.30 in Q1 2024, reflecting an increase of approximately 99.0%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥29,989,505,096.55, up 2.69% from ¥29,205,008,726.80 at the end of the previous year[4] - The total assets as of March 31, 2025, amounted to ¥29,414,672,145.06, up from ¥29,074,487,755.40 as of December 31, 2024[23] - The company's total liabilities increased to ¥25,047,984,081.01 as of March 31, 2025, from ¥24,081,186,510.10 at the end of 2024[13] - The total liabilities increased to ¥24,867,327,156.16 as of March 31, 2025, compared to ¥24,420,243,766.13 at the end of 2024[23] - The company's equity attributable to shareholders decreased by 3.53% to ¥4,930,608,179.43 from ¥5,111,195,124.05 at the end of the previous year[4] Research and Development - Research and development (R&D) expenses totaled ¥116,354,154.90, a 35.71% increase from ¥85,737,969.71 in the same period last year, accounting for 15.11% of operating revenue[4] - Research and development expenses increased to ¥116,354,154.90 in Q1 2025, compared to ¥85,737,969.71 in Q1 2024, reflecting a growth of 35.6%[16] - Research and development expenses for Q1 2025 were ¥109,859,893.91, up from ¥83,813,128.66 in Q1 2024, reflecting a 31.1% increase[24] Orders and Backlog - The total number of new orders added during the reporting period was 2,505.35 MW, a 461.55% increase year-on-year, with a cumulative backlog of 18,101.65 MW, up 98.79% from the previous year[10] Government Support - The company received government subsidies amounting to ¥9,549,836.83, which positively impacted its financial performance[5] Other Financial Metrics - The weighted average return on equity decreased to -3.73%, down 0.06 percentage points from -3.67% in the previous year[4] - The company reported an investment income of ¥71,395,421.41 in Q1 2025, a turnaround from a loss of ¥2,283,765.23 in Q1 2024[16] - The company distributed dividends and interest payments totaling 19,992,598.81 in Q1 2025, compared to 12,759,389.85 in Q1 2024, marking an increase of approximately 56.8%[27] - The company did not apply new accounting standards or interpretations starting from 2025[27]