Financial Performance - The company's operating revenue for Q1 2025 was CNY 310,776,503.64, representing an increase of 28.05% compared to the same period last year[6]. - Net profit attributable to shareholders for Q1 2025 was CNY 50,235,288.72, an increase of 88.61% year-on-year[6]. - The basic earnings per share for Q1 2025 was CNY 0.08, reflecting a growth of 60.00% compared to CNY 0.05 in the previous year[6]. - Total operating revenue for Q1 2025 reached CNY 310,776,503.64, an increase of 28.1% compared to CNY 242,707,207.99 in the same period last year[22]. - Net profit for Q1 2025 was CNY 50,415,662.72, representing a 86.3% increase from CNY 27,013,276.15 in Q1 2024[23]. Assets and Liabilities - The total assets at the end of Q1 2025 amounted to CNY 7,340,577,854.24, a 1.30% increase from the end of the previous year[6]. - The company's total assets increased to CNY 7,340,577,854.24, up from CNY 7,246,313,495.32 at the end of the previous period[21]. - Total liabilities rose to CNY 4,003,229,157.82, compared to CNY 3,961,963,645.67 in the previous period[21]. - The company's equity attributable to shareholders increased to CNY 3,298,630,062.31, up from CNY 3,245,811,589.54[21]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 133,542,668.14, a decline of 47.14% compared to -CNY 90,757,827.82 in the same period last year[11]. - Operating cash inflow totaled $152.41 million, an increase of 5.5% from the previous period's $144.82 million[26]. - Operating cash outflow increased to $285.95 million, up from $235.58 million, resulting in a net cash flow from operating activities of -$133.54 million, compared to -$90.76 million last period[26]. - Financing cash inflow reached $346.88 million, up from $210.13 million, while financing cash outflow decreased to $21.73 million from $112.92 million, resulting in a net cash flow from financing activities of $325.15 million, compared to $97.21 million[27]. Research and Development - Research and development expenses increased by 55.04% to CNY 12,224,540.44 in Q1 2025, indicating a focus on innovation[10]. - Research and development expenses for Q1 2025 were CNY 12,224,540.44, a significant increase from CNY 7,884,996.79 in the same quarter last year[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,699[12]. - The largest shareholder, Hubei Tianyuan Environmental Protection Group Co., Ltd., holds 31.09% of shares, totaling 201,170,840 shares[12]. Other Financial Metrics - The company experienced a 91.27% increase in accounts receivable, reaching CNY 7,294,565.44, primarily due to the receipt of commercial acceptance bills[10]. - The company's tax expenses rose by 47.12% to CNY 7,016,513.91, attributed to business scale growth[10]. - The company reported a decrease in long-term equity investments by 36.09% to CNY 22,705,652.22, mainly due to adjustments related to internal transactions with associates[10]. - The company reported a decrease in accounts payable to CNY 1,071,052,176.55 from CNY 1,306,220,189.09 year-over-year[21]. - Deferred income tax assets increased to CNY 97,451,106.08 from CNY 86,810,078.67 in the previous period[21]. Inventory and Current Assets - Inventory rose from 52,767,328.19 CNY to 72,697,190.87 CNY, an increase of approximately 37.8%[19]. - The total current assets decreased from 2,808,419,974.05 CNY to 2,707,580,600.80 CNY, a reduction of about 3.58%[19]. - Accounts receivable increased from 625,637,524.43 CNY to 725,060,734.65 CNY, representing a growth of about 15.91%[19]. Corporate Governance - The company is in the process of completing the election of a new board member following the resignation of a director[16]. - The company has a total of 8,339,436 shares under lock-up conditions, with specific release dates for different categories of shares[15]. Audit and Reporting - The company did not undergo an audit for the first quarter report[28]. - The company has not disclosed any new product or technology developments in the current report[12].
天源环保(301127) - 2025 Q1 - 季度财报