WHEE(SH:600475)2025-04-28 12:10Financial Performance - The company's operating revenue for Q1 2025 was ¥1,964,636,183.73, a decrease of 32.25% compared to ¥2,899,668,071.95 in the same period last year[4] - Net profit attributable to shareholders was ¥129,026,633.30, down 30.77% from ¥186,385,475.94 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 35.23%, amounting to ¥117,098,592.17 compared to ¥180,802,693.02 in the previous year[4] - Basic earnings per share were ¥0.1369, reflecting a decline of 31.55% from ¥0.20 in the same period last year[5] - The weighted average return on equity was 1.45%, a decrease of 0.76 percentage points from 2.21%[5] - Net profit for Q1 2025 was CNY 183,246,210.95, a decline of 27.1% from CNY 251,543,500.79 in Q1 2024[20] - Basic earnings per share for Q1 2025 were CNY 0.1369, compared to CNY 0.20 in Q1 2024[20] Cash Flow and Assets - The net cash flow from operating activities was ¥628,841,048.87, a significant increase of 472.28% compared to a negative cash flow of ¥168,916,236.42 in the previous year[4] - Total cash inflow from investment activities amounted to CNY 960,389,819.42, compared to CNY 661,810,588.56 last year[23] - The net cash flow from financing activities was CNY 760,673,394.61, an increase from CNY 615,047,572.11 in the prior year[24] - The total cash and cash equivalents at the end of the period reached CNY 2,865,074,931.44, up from CNY 2,223,050,470.47[24] - Cash outflow for purchasing fixed assets and other long-term assets was CNY 281,118,257.61, down from CNY 583,549,161.81[23] - The company reported a total cash inflow from operating activities of CNY 2,966,250,289.60, compared to CNY 3,165,035,451.53 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,029[10] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 496,626,343 shares, accounting for 51.95% of total shares[10] - The second largest shareholder, China Structural Reform Fund II, holds 137,931,034 shares, representing 14.43%[10] Assets and Liabilities - The total assets at the end of the reporting period were ¥27,074,529,473.47, an increase of 2.79% from ¥26,339,175,044.25 at the end of the previous year[5] - Total current assets as of March 31, 2025, amount to ¥10,746,338,562.33, an increase from ¥9,999,180,059.75 as of December 31, 2024[14] - Total liabilities rose to CNY 16,051,289,499.70 in Q1 2025, up from CNY 15,510,545,586.71 in Q1 2024, an increase of 3.5%[16] - Long-term borrowings increased to CNY 3,250,941,187.65 in Q1 2025 from CNY 2,906,602,624.66 in Q1 2024, representing a growth of 11.8%[16] - The company's total equity reached CNY 11,023,239,973.77 in Q1 2025, compared to CNY 10,828,629,457.54 in Q1 2024, an increase of 1.8%[16] Operational Insights - The decrease in revenue was primarily due to a contraction in power station and municipal engineering business, along with seasonal fluctuations in boiler product shipments[8] - The company experienced a reduction in investment income due to a decrease in dividends from its associate, York Air Conditioning, by ¥30 million, and losses from Gaojia Solar, leading to a year-on-year decrease of approximately ¥36 million in investment income[8] - Research and development expenses for Q1 2025 were CNY 47,412,316.86, down 14.5% from CNY 55,239,020.67 in Q1 2024[19] - There are no other important reminders regarding the company's operational situation during the reporting period[12]