QJSL(SH:600283)2025-04-28 07:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 491,383,957.36, representing a year-on-year increase of 7.81% compared to CNY 455,788,865.61 in the same period last year[4] - Net profit attributable to shareholders of the listed company reached CNY 53,849,906.42, a significant increase of 77.44% from CNY 30,348,535.78 in the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 47,794,354.66, reflecting a 107.03% increase compared to CNY 23,086,128.13 in the same period last year[4] - Total operating revenue for Q1 2025 reached ¥491,383,957.36, an increase of 7.3% compared to ¥455,788,865.61 in Q1 2024[19] - Net profit for Q1 2025 was ¥67,714,046.90, representing a 45.0% increase from ¥46,696,240.19 in Q1 2024[19] - The net profit attributable to shareholders of the parent company for Q1 2025 was ¥53,849,906.42, up 77.2% from ¥30,348,535.78 in Q1 2024[20] Cash Flow - The company's cash flow from operating activities was negative at CNY -5,462,878.83, a decline of 124.34% from CNY 22,442,267.24 in the previous year[4] - Cash flow from operating activities for Q1 2025 showed a net outflow of ¥5,462,878.83, compared to a net inflow of ¥22,442,267.24 in Q1 2024[22] - The net cash flow from investing activities was -107,961,643.95 CNY, compared to -225,973,402.47 CNY in the previous period, indicating a reduction in cash outflow[23] - The net cash flow from financing activities was -827,716,359.20 CNY, a significant decrease from 497,250,219.73 CNY in the prior period, reflecting increased debt repayment[23] - The company's cash and cash equivalents decreased by 888,464,127.21 RMB in Q1 2025, compared to an increase of 151,768,128.26 RMB in Q1 2024, highlighting a significant liquidity challenge[33] Assets and Liabilities - Total assets decreased by 8.40% to CNY 9,443,869,975.45 from CNY 10,310,454,146.74 at the end of the previous year[5] - Total current assets decreased from 3,006,098,870.91 RMB to 2,154,172,300.36 RMB, a decline of approximately 28.3%[14] - Total liabilities decreased from 3,693,710,345.34 RMB to 2,707,000,298.63 RMB, a reduction of approximately 26.7%[15] - The total assets decreased from 10,310,454,146.74 RMB to 9,443,869,975.45 RMB, a decline of approximately 8.4%[15] - The total liabilities decreased to ¥5,590,977,236.49 in the latest reporting period from ¥6,526,475,454.68 in the previous period[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,950[10] - The largest shareholder, China Water Investment Group Co., Ltd., holds 182,468,990 shares, accounting for 32.54% of total shares[10] - The company has no significant changes in the top 10 shareholders or their shareholding status[11] Investment and Income - The company reported a significant increase in investment income of 402.13%, primarily due to increased profits from joint ventures[8] - The company reported a 52.45% increase in non-operating income, mainly due to increased revenue from the recycling of old water meters[8] - The company reported an investment income of ¥17,671,785.06 in Q1 2025, compared to a loss of ¥5,849,000.43 in Q1 2024[19] Research and Development - Research and development expenses for Q1 2025 were ¥4,677,274.95, a decrease of 13.6% from ¥5,416,058.75 in Q1 2024[19] Other Financial Metrics - The weighted average return on equity increased to 1.74%, up by 0.46 percentage points from 1.28% in the previous year[5] - The basic earnings per share for Q1 2025 were ¥0.10, up from ¥0.09 in Q1 2024[20] - The gross profit margin improved, with operating costs decreasing to 33,313,087.48 CNY from 41,631,097.57 CNY, resulting in a gross profit of 16,838,225.03 CNY[30]