Huate Gas(SH:688268)2025-04-28 09:10Financial Performance - The company's operating revenue for Q1 2025 was CNY 337,877,035.17, representing a year-on-year increase of 1.57% compared to CNY 332,664,711.18 in the same period last year[4]. - The net profit attributable to shareholders decreased by 1.55% to CNY 44,396,504.71 from CNY 45,095,211.35 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was CNY 41,278,102.20, down 5.41% from CNY 43,638,088.44 year-on-year[4]. - The basic earnings per share for the period was CNY 0.37, a decrease of 2.63% from CNY 0.38 in the previous year[4]. - The weighted average return on equity was 2.25%, down 0.19 percentage points from 2.44% in the same period last year[4]. - Net profit for Q1 2025 decreased to RMB 43,926,375.17, down 3.0% from RMB 45,297,291.14 in Q1 2024[17]. - Operating profit for Q1 2025 was RMB 51,105,142.15, a decrease of 4.4% compared to RMB 53,467,084.63 in Q1 2024[17]. - The company reported a total comprehensive income of RMB 45,689,795.73 for Q1 2025, slightly up from RMB 45,456,893.49 in Q1 2024[17]. - Basic and diluted earnings per share for Q1 2025 were both RMB 0.37, down from RMB 0.38 in Q1 2024[17]. Cash Flow - The net cash flow from operating activities was CNY 62,060,090.63, a decrease of 22.02% compared to CNY 79,583,122.26 in the same period last year[4]. - Cash flow from operating activities for Q1 2025 was RMB 62,060,090.63, down 22.1% from RMB 79,583,122.26 in Q1 2024[19]. - Cash flow from investing activities for Q1 2025 was RMB 37,324,191.71, a significant improvement from a negative RMB 144,776,980.52 in Q1 2024[20]. - Cash flow from financing activities for Q1 2025 was RMB 51,412,156.95, compared to a negative RMB 4,370,003.75 in Q1 2024[20]. - The company’s cash and cash equivalents at the end of Q1 2025 increased to RMB 839,043,725.73 from RMB 758,408,089.13 at the end of Q1 2024[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,442,483,173.74, an increase of 4.28% from CNY 3,301,138,166.51 at the end of the previous year[5]. - As of March 31, 2025, the total assets of the company amounted to RMB 3,442,483,173.74, an increase from RMB 3,301,138,166.51 as of December 31, 2024, reflecting a growth of approximately 4.3%[15]. - The company's current assets totaled RMB 1,799,806,997.33, up from RMB 1,653,547,962.67, indicating an increase of about 8.8%[13]. - The total liabilities of the company were RMB 1,389,953,143.17, compared to RMB 1,295,464,350.26, representing a rise of approximately 7.3%[14]. - The company's equity attributable to shareholders reached RMB 1,997,164,331.92, an increase from RMB 1,949,871,938.32, showing a growth of around 2.4%[14]. - The company’s total non-current assets were RMB 1,642,676,176.41, slightly down from RMB 1,647,590,203.84, indicating a decrease of about 0.3%[13]. Research and Development - The total R&D investment was CNY 9,659,278.80, which is 15.80% lower than CNY 11,471,831.69 in the same period last year[4]. - The R&D investment accounted for 2.86% of operating revenue, down from 3.45% year-on-year, a decrease of 0.59 percentage points[4]. Inventory and Receivables - Accounts receivable rose to RMB 380,352,082.21 from RMB 351,000,312.57, reflecting an increase of about 8.4%[11]. - Inventory levels increased to RMB 217,041,342.87 from RMB 181,858,453.49, indicating a growth of approximately 19.4%[13]. Other Financial Metrics - Cash and cash equivalents increased to RMB 862,581,725.73 from RMB 711,882,469.13, marking a significant rise of approximately 21.2%[11]. - The company reported non-recurring gains of CNY 1,638,933.94 from the disposal of non-current assets[6]. - The company reported a decrease in short-term borrowings, with a total of RMB 195,425,133.22 compared to RMB 142,495,612.49, representing an increase of about 37.1%[14]. - The company’s retained earnings increased to RMB 870,667,461.83 from RMB 826,270,957.12, reflecting a growth of approximately 5.4%[14].