GXED(SH:600617)2025-04-28 08:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,501,551,901.96, a decrease of 5.99% compared to CNY 5,852,193,446.28 in the same period last year[4] - Net profit attributable to shareholders was CNY 116,504,757.00, down 4.38% from CNY 121,837,224.55 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 57.76%, amounting to CNY 16,069,845.52 compared to CNY 38,040,474.00 in the previous year[4] - The company reported a net profit of CNY 164,256,860.63 for Q1 2025, compared to CNY 99,228,000.00 in Q1 2024, reflecting a significant increase[16] - In Q1 2025, the company's net profit reached CNY 153.88 million, a slight increase from CNY 153.03 million in Q1 2024, reflecting a growth of 0.56%[19] - Operating profit for Q1 2025 was CNY 235.42 million, compared to CNY 203.54 million in Q1 2024, indicating an increase of 15.65%[19] - The total revenue from operating activities in Q1 2025 was CNY 5.92 billion, down from CNY 6.56 billion in Q1 2024, representing a decrease of 9.73%[21] - The total comprehensive income for Q1 2025 was CNY 153.88 million, slightly higher than CNY 153.03 million in Q1 2024, reflecting a growth of 0.56%[19] Cash Flow and Assets - The net cash flow from operating activities significantly improved to CNY 832,467,429.77, a 677.85% increase from a negative CNY 144,062,659.17 in the same period last year[4] - Current assets as of March 31, 2025, totaled CNY 6,483,268,295.87, an increase of 14.5% from CNY 5,664,678,374.22 on December 31, 2024[13] - Cash and cash equivalents amounted to CNY 3,206,803,578.96 as of March 31, 2025, up from CNY 2,870,747,523.58 at the end of 2024[13] - The cash and cash equivalents at the end of Q1 2025 amounted to CNY 2.45 billion, compared to CNY 2.65 billion at the end of Q1 2024, a decrease of 7.93%[22] - The company’s investment activities resulted in a net cash outflow of CNY 418.16 million in Q1 2025, contrasting with a net inflow of CNY 127.86 million in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 27,488,695,533.68, reflecting a 2.07% increase from CNY 26,932,147,144.58 at the end of the previous year[4] - Total liabilities as of March 31, 2025, were CNY 22,589,780,421.57, an increase from CNY 22,179,844,979.88 at the end of 2024[15] - Long-term borrowings as of March 31, 2025, were CNY 13,212,963,190.90, a decrease from CNY 13,471,566,945.67 at the end of 2024[15] - The company's equity attributable to shareholders was CNY 4,290,843,022.50 as of March 31, 2025, an increase from CNY 4,164,514,220.72 at the end of 2024[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,935[10] - The largest shareholder, Huaxin Gas Group Co., Ltd., holds 46.19% of the shares, totaling 891,136,436 shares[10] Operating Costs and Expenses - Total operating costs for Q1 2025 were CNY 5,337,295,041.33, down 7.2% from CNY 5,752,964,503.70 in Q1 2024[17] - Operating costs included CNY 5,008,584,860.01 in operating expenses for Q1 2025, a reduction of 7.2% from CNY 5,395,394,954.92 in Q1 2024[17] - The company reported a decrease in sales expenses to CNY 10.87 million in Q1 2025 from CNY 12.22 million in Q1 2024, a reduction of 11.05%[19] - Research and development expenses increased to CNY 3.36 million in Q1 2025 from CNY 3.08 million in Q1 2024, marking a rise of 8.83%[19] - The company experienced a significant increase in financial expenses, which totaled CNY 145.39 million in Q1 2025, down from CNY 179.97 million in Q1 2024, a decrease of 19.19%[19] Non-Recurring Gains and Losses - Non-recurring gains and losses totaled CNY 100,434,911.48, with significant contributions from government subsidies and asset disposals[6] - The company reported a weighted average return on equity of 3.40%, an increase of 0.15 percentage points from 3.25% in the previous year[4]