SPNG(002267)2025-04-28 13:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,550,695,536.94, representing a year-on-year increase of 4.22% compared to CNY 3,313,917,227.88 in the same period last year[5]. - Net profit attributable to shareholders was CNY 458,880,821.98, a decrease of 10.73% from CNY 488,826,407.74 in the previous year[5]. - The basic earnings per share (EPS) was CNY 0.4126, down 10.73% from CNY 0.4396 in the same period last year[5]. - Total operating revenue for the current period reached ¥3,550,695,536.94, an increase of 4.2% compared to ¥3,406,837,347.91 in the previous period[18]. - Net profit for the current period was ¥474,575,516.72, a decrease of 9.8% from ¥526,321,582.97 in the previous period[19]. - Total comprehensive income for the period was CNY 474,575,516.72, a decrease from CNY 526,321,582.97 in the previous period[20]. - Net profit attributable to the parent company was CNY 458,880,821.98, down from CNY 514,030,008.14[20]. - Basic and diluted earnings per share decreased to CNY 0.4126 from CNY 0.4622[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 14,597,284,157.29, a slight decrease of 0.35% from CNY 14,648,598,698.24 at the end of the previous year[5]. - Total liabilities decreased to ¥7,360,102,435.52 from ¥7,919,853,531.08 in the previous period, indicating a reduction of approximately 7.1%[17]. - The equity attributable to shareholders of the parent company increased to ¥6,918,029,454.68, up from ¥6,426,804,560.29, reflecting a growth of 7.7%[17]. Cash Flow - Cash flow from operating activities was CNY 416,117,299.30, down 6.64% from CNY 473,969,594.40 in the previous year[5]. - Net cash flow from operating activities was CNY 416,117,299.30, compared to CNY 445,724,150.13 in the previous period[20]. - Cash inflow from operating activities totaled CNY 3,434,032,932.21, slightly up from CNY 3,429,758,265.96[20]. - Cash outflow from operating activities increased to CNY 3,017,915,632.91 from CNY 2,984,034,115.83[20]. - Net cash flow from investing activities was CNY -153,355,469.67, an improvement from CNY -168,278,531.75[21]. - Cash inflow from financing activities was CNY 338,514,523.31, down from CNY 633,837,026.13[21]. - Cash and cash equivalents at the end of the period increased to CNY 1,198,442,257.16 from CNY 915,137,951.68[21]. - The company's cash and cash equivalents increased to ¥1,302,067,431.78 from ¥1,097,250,769.44, reflecting a growth of approximately 18.6%[15]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,486[12]. - Shaanxi Gas Group Co., Ltd. holds 64.43% of shares, totaling 716,530,456 shares[12]. - The top ten shareholders do not participate in margin financing or securities lending[14]. - The company has no preferred shareholders or related party transactions disclosed in the report[14]. - There are no significant changes in the top ten shareholders' holdings due to securities lending activities[14]. Operational Insights - The company reported a significant increase in accounts payable by 281.43%, reaching CNY 38,646.59 due to an increase in bank letters of credit issued[10]. - The company experienced a 55.69% decrease in prepayments, totaling CNY 13,359.51, attributed to the end of the heating season and reduced advance payments to upstream suppliers[10]. - Other income decreased by 52.51% to CNY 220.90, primarily due to a reduction in government subsidies received[10]. - Investment income dropped by 72.61% to CNY 1,161.80, reflecting decreased profitability from joint ventures[10]. - Research and development expenses were reported at ¥4,819,187.94, a decrease of 14.2% from ¥5,619,548.15 in the previous period[18]. - The company reported an investment income of ¥11,618,009.42, down significantly from ¥42,423,604.25 in the previous period[18]. - The company’s cash flow from operating activities remains strong, supporting ongoing investments and operational stability[19]. - Future outlook indicates a focus on market expansion and new product development to drive revenue growth in the upcoming quarters[19]. Inventory and Receivables - Accounts receivable slightly increased to ¥110,174,633.79 from ¥110,039,260.33, showing a marginal growth of 0.12%[15]. - Inventory decreased to ¥267,544,678.08 from ¥308,408,633.33, indicating a decline of about 13.3%[15]. - Total current assets amounted to ¥1,847,743,402.18, a slight decrease from ¥1,848,312,632.02[15]. - Long-term equity investments rose to ¥576,597,639.05 from ¥570,377,571.94, marking an increase of approximately 1.5%[15]. Audit Status - The first quarter report was not audited[22].