CECO(SH:603698)2025-04-28 09:05Financial Performance - The company's operating revenue for Q1 2025 reached ¥847,406,226.83, a significant increase of 256.78% compared to ¥237,515,952.25 in the same period last year[4] - Net profit attributable to shareholders was ¥33,860,942.07, reflecting a growth of 163.97% from ¥12,827,669.21 year-on-year[4] - The net profit excluding non-recurring gains and losses was ¥33,180,588.02, up 172.17% from ¥12,191,086.24 in the previous year[4] - Basic and diluted earnings per share both increased by 200.00%, reaching ¥0.06 compared to ¥0.02 in the same period last year[4] - The company reported a net cash flow from operating activities of ¥24,972,765.81, a turnaround from a negative cash flow of ¥369,669,020.44 in the previous year[4] - Net profit for Q1 2025 was 60,487,133.77 CNY, up from 12,827,669.21 CNY in Q1 2024, indicating a growth of approximately 371%[20] - Earnings per share for Q1 2025 were 0.06 CNY, compared to 0.02 CNY in Q1 2024, marking a 200% increase[20] - The total comprehensive income for Q1 2025 was 60,487,133.77 CNY, compared to 12,827,669.21 CNY in Q1 2024, showing a substantial increase[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,614,973,706.79, a 1.06% increase from ¥8,524,314,639.39 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to RMB 5,032,202,806.63, compared to RMB 4,920,005,005.60 at the end of 2024, reflecting an increase of about 2.3%[14] - Total liabilities as of March 31, 2025, were RMB 3,581,359,675.88, slightly up from RMB 3,556,820,587.17 at the end of 2024, showing a marginal increase of 0.7%[16] - The total assets of the company increased to RMB 8,614,973,706.79 from RMB 8,524,314,639.39, reflecting a growth of approximately 1.1%[16] Cash Flow - The company reported a significant increase in cash and cash equivalents, ending Q1 2025 with 2,811,356,197.49 CNY, compared to 1,651,055,390.27 CNY at the end of Q1 2024[24] - Cash flow from operating activities generated a net inflow of 24,972,765.81 CNY in Q1 2025, a turnaround from a net outflow of -369,669,020.44 CNY in Q1 2024[23] - The cash and cash equivalents as of March 31, 2025, were RMB 2,863,872,802.39, slightly down from RMB 2,872,069,411.78 at the end of 2024, indicating a decrease of about 0.3%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,676[8] Government Subsidies - Government subsidies recognized as non-recurring gains amounted to ¥543,606.60, contributing positively to the financial results[6] Acquisitions and Business Development - The acquisition of Aerospace Hydrogen Energy Co., Ltd. in April 2024 contributed to the revenue growth and the establishment of a new industrial gas operation business[6] Research and Development - Research and development expenses increased to 40,677,708.27 CNY in Q1 2025, compared to 20,353,074.47 CNY in Q1 2024, reflecting a 100% increase[19] Tax Obligations - The company reported a tax expense of 6,905,709.83 CNY for Q1 2025, compared to 1,592,536.31 CNY in Q1 2024, reflecting a significant rise in tax obligations[19]