CNNP(601985)2025-04-28 10:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 20,272,701,537.69, representing a 12.70% increase compared to CNY 17,988,347,736.71 in the same period last year[5] - Net profit attributable to shareholders was CNY 3,136,994,872.40, a 2.55% increase from CNY 3,058,910,909.24 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,133,300,538.09, reflecting a 2.95% increase compared to CNY 3,043,504,084.12 in the previous year[5] - Total operating revenue for Q1 2025 reached ¥20.27 billion, an increase of 7.14% compared to ¥17.99 billion in Q1 2024[21] - Net profit for Q1 2025 was ¥6.17 billion, representing a 9.29% increase from ¥5.65 billion in Q1 2024[22] - The total comprehensive income for Q1 2025 was ¥6.18 billion, compared to ¥5.65 billion in Q1 2024, an increase of 9.45%[22] Cash Flow - The net cash flow from operating activities decreased by 39.50% to CNY 5,737,704,455.13 from CNY 9,483,193,668.69 in the same period last year[6] - Operating cash inflow for Q1 2025 was CNY 21.32 billion, up from CNY 20.64 billion in Q1 2024, representing a growth of 3.3%[25] - Net cash flow from operating activities decreased to CNY 5.74 billion in Q1 2025 from CNY 9.48 billion in Q1 2024, a decline of 39.1%[25] - Cash outflow from investment activities increased to CNY 21.49 billion in Q1 2025, compared to CNY 17.49 billion in Q1 2024, marking a rise of 22.9%[26] - Net cash flow from financing activities rose to CNY 18.55 billion in Q1 2025, up from CNY 15.93 billion in Q1 2024, an increase of 16.5%[26] - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 22.43 billion, compared to CNY 17.37 billion at the end of Q1 2024, reflecting a growth of 29.2%[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 687,698,719,032.53, an increase of 4.24% from CNY 659,739,168,841.27 at the end of the previous year[6] - The company's total liabilities increased to ¥470.97 billion in Q1 2025, compared to ¥450.37 billion in Q1 2024, reflecting a growth of 4.03%[19] - The company's long-term borrowings increased to ¥319.66 billion in Q1 2025, up from ¥304.30 billion in Q1 2024, reflecting a growth of 5.06%[19] - Total liabilities decreased to CNY 16.50 billion as of March 31, 2025, from CNY 18.90 billion at the end of 2024, a reduction of 12.7%[30] Shareholder Information - The company has a major shareholder, China National Nuclear Corporation, holding 55.67% of the shares, totaling approximately 11.45 billion shares[13] - The total equity attributable to shareholders reached ¥113.65 billion in Q1 2025, up from ¥110.22 billion in Q1 2024, marking a growth of 3.49%[19] Investment and R&D - Research and development expenses for Q1 2025 were ¥58.92 million, slightly up from ¥56.89 million in Q1 2024[21] - The company reported an investment income of ¥56.20 million in Q1 2025, down from ¥65.75 million in Q1 2024, a decrease of 14.06%[22] - Research and development expenses were CNY 11.37 million in Q1 2025, significantly lower than CNY 75.03 million in Q1 2024, suggesting a shift in focus or strategy[32] - The company reported investment income of CNY 151.16 million in Q1 2025, compared to CNY 187.15 million in Q1 2024, indicating a decline in investment performance[32] Operational Metrics - The company's revenue from nuclear power business increased by 10.46%, contributing to a net profit growth of 11.52%[9] - New energy revenue grew by 24.64%, but the net profit attributable to shareholders decreased by 51.32% due to dilution effects from market financing activities[9] - The company reported a significant increase in other receivables by 45.05%, mainly due to an increase in VAT refund receivables[9] - The company plans to expand its investment in new energy projects, which is expected to impact future revenue growth positively[10]