绿城水务(601368) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 541,356,915.51, a decrease of 0.23% compared to CNY 542,581,457.60 in the same period last year[4] - Net profit attributable to shareholders decreased by 89.63% to CNY 2,170,299.47 from CNY 20,937,714.48 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 120.88%, resulting in a loss of CNY 3,261,524.38 compared to a profit of CNY 15,623,687.79 in the previous year[4] - Basic earnings per share decreased by 89.45% to CNY 0.0025 from CNY 0.0237 in the same period last year[4] - Total operating revenue for Q1 2025 was CNY 541,356,915.51, a slight decrease of 0.23% compared to CNY 542,581,457.60 in Q1 2024[17] - Net profit for Q1 2025 was CNY 2,170,299.47, a significant decline of 89.64% from CNY 20,937,714.48 in Q1 2024[18] - The total comprehensive income amounted to CNY 5,219,686.75 for Q1 2025, compared to CNY 23,713,290.84 in Q1 2024, indicating a significant decrease[29] Cash Flow and Liquidity - The net cash flow from operating activities increased by 37.05% to CNY 78,807,097.98 from CNY 57,504,386.78 year-on-year[4] - Operating cash flow for Q1 2025 was CNY 78,807,097.98, an increase of 37.06% compared to CNY 57,504,386.78 in Q1 2024[21] - Cash received from sales and services in Q1 2025 was CNY 436,414,048.42, up 38.54% from CNY 315,009,598.17 in Q1 2024[21] - Cash inflow from operating activities reached CNY 569,591,651.64 in Q1 2025, up from CNY 442,676,996.81 in Q1 2024, representing an increase of approximately 28.7%[29] - The net cash flow from operating activities was CNY 81,946,688.32 in Q1 2025, slightly higher than CNY 80,619,354.60 in Q1 2024[29] - The company's cash flow from financing activities generated a net cash inflow of CNY 697,808,094.37 in the current period, compared to CNY 413,496,564.75 in the previous period[22] - Cash inflow from financing activities was CNY 1,264,647,300.28 in Q1 2025, an increase from CNY 901,030,479.30 in Q1 2024, indicating a growth of approximately 40.4%[30] - The net cash flow from financing activities improved to CNY 664,922,393.39 in Q1 2025, compared to CNY 413,516,564.75 in Q1 2024[30] - The ending balance of cash and cash equivalents was CNY 561,190,003.35 as of the end of Q1 2025, down from CNY 769,118,168.24 at the end of Q1 2024[30] - The company reported a cash increase of CNY 23,134,866.83 in Q1 2025, a decrease from CNY 82,524,184.34 in Q1 2024[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,497,967,915.76, reflecting a slight increase of 0.38% from CNY 23,409,467,812.65 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to ¥3,810,175,970.19, an increase from ¥3,687,919,055.49 on December 31, 2024, reflecting a growth of approximately 3.33%[12] - The total assets of the company reached ¥23,497,967,915.76 as of March 31, 2025, compared to ¥23,409,467,812.65 at the end of 2024, indicating a slight increase of approximately 0.38%[13] - The total liabilities decreased from ¥3,000,000,000 to ¥2,900,000,000, indicating a reduction of about 3.33%[11] - Total liabilities as of the latest reporting period amounted to CNY 18,712,307,082.90, a slight increase from CNY 18,641,831,727.26 in the previous period[14] - The total liabilities increased to CNY 18,716,974,356.42 as of March 31, 2025, compared to CNY 18,641,638,682.42 at the end of 2024[26] - The company's total current liabilities decreased to CNY 5,189,923,375.07 as of March 31, 2025, from CNY 5,788,016,860.04 at the end of 2024[26] Expenses and Costs - Total operating costs increased to CNY 544,782,372.92 in Q1 2025, up 4.83% from CNY 523,332,789.97 in Q1 2024[17] - Research and development expenses for Q1 2025 were CNY 1,504,964.43, up 53.06% from CNY 980,811.22 in Q1 2024[17] - The company reported a total of CNY 125,375,925.21 in financial expenses for Q1 2025, an increase from CNY 109,042,276.90 in Q1 2024[17] - The company incurred financial expenses of CNY 125,404,618.69 in Q1 2025, compared to CNY 109,071,722.88 in Q1 2024, reflecting an increase of 15.0%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,150[9] - The company reported a total of 450,336,273 shares held by its largest shareholder, accounting for a significant portion of the total equity[10] Foreign Exchange and Government Support - The company reported a foreign exchange loss that contributed to the decline in net profit, with a net loss from foreign currency borrowings increasing by 185.23% year-on-year[7] - Government subsidies recognized in the current period amounted to CNY 5,077,165.07, which positively impacted the financial results[6] Inventory and Receivables - Accounts receivable increased to ¥2,776,260,119.70 from ¥2,634,965,258.87, representing a rise of about 5.37%[12] - The company's inventory increased to ¥26,659,712.15 from ¥25,651,353.93, marking a growth of about 3.93%[12] - The company's inventory as of March 31, 2025, was CNY 21,252,056.29, a slight decrease from CNY 21,909,860.29 at the end of 2024[25] - The accounts payable decreased significantly from ¥2,396,579,201.33 to ¥1,676,668,147.09, a reduction of approximately 30.06%[13] Accounting Standards - The company has not adopted new accounting standards or interpretations for the year 2025[30]