CCEG(SH:600697)2025-04-28 14:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,951,078,697.42, representing a slight increase of 0.38% compared to CNY 1,943,638,013.01 in the same period last year[3]. - Net profit attributable to shareholders decreased by 74.64% to CNY 3,408,897.99 from CNY 13,444,001.06 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 56.63% to CNY 1,990,239.27 compared to CNY 4,588,823.41 in the previous year[3]. - Basic and diluted earnings per share both decreased by 75.00% to CNY 0.02 from CNY 0.08 year-on-year[3]. - Net profit for Q1 2025 was CNY 39,772,091.12, down from CNY 41,991,228.11 in Q1 2024, reflecting a decline of 5.3%[16]. - Total comprehensive income for Q1 2025 was CNY 39,675,083.36, compared to CNY 42,084,330.15 in Q1 2024, indicating a decrease of 5.8%[17]. Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY 106,179,250.04, a 167.35% increase from a negative cash flow of CNY -157,654,743.20 in the same period last year[3]. - The net cash flow from operating activities for Q1 2025 was -$709,222.50, a significant decline compared to $1,144,822.38 in Q1 2024[30]. - Total cash inflow from operating activities in Q1 2025 was $1,335,400,472.28, down from $1,461,027,749.95 in Q1 2024, representing a decrease of approximately 8.6%[30]. - Cash outflow for purchasing goods and services in Q1 2025 was $1,142,025,240.48, compared to $1,328,656,394.62 in Q1 2024, indicating a reduction of about 14.1%[30]. - Cash inflow from financing activities in Q1 2025 was $1,889,273,246.01, significantly higher than $867,695,470.00 in Q1 2024, marking an increase of approximately 117.5%[30]. - The ending cash and cash equivalents balance for Q1 2025 was $272,968,654.81, up from $174,177,065.94 in Q1 2024, reflecting an increase of about 56.7%[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,899,425,527.54, an increase of 1.39% from CNY 19,626,722,376.70 at the end of the previous year[3]. - The company's current assets reached RMB 3,804,561,301.46, up from RMB 3,487,329,658.41, indicating an increase of about 9.06%[13]. - The total liabilities of the company were RMB 15,623,853,749.80, compared to RMB 15,407,343,427.42, representing a rise of approximately 1.41%[14]. - The company's total current liabilities amounted to CNY 9.51 billion as of March 31, 2025, slightly down from CNY 9.59 billion at the end of 2024, a decrease of about 0.92%[25]. - The company's total liabilities increased to CNY 10.66 billion as of March 31, 2025, from CNY 10.43 billion at the end of 2024, an increase of approximately 2.2%[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,027[6]. - The largest shareholder, Changchun Automotive City Commercial Co., Ltd., holds 24.54% of the shares, amounting to 39,045,996 shares[7]. - The company’s major shareholder, Changchun Automotive City Commercial Co., Ltd., underwent a name change, which does not affect the control structure or operations of the company[9]. Investments and Other Income - The company recognized non-recurring gains of CNY 1,418,658.72, primarily from government subsidies and asset disposals[4]. - The company reported an investment income of CNY 599,952.21 in Q1 2025, a significant recovery from a loss of CNY -992,753.51 in Q1 2024[16]. Changes in Accounting and Management - The company announced the recovery of management rights for Jinan Eurasia Grand View Garden, transitioning it from an associate to a subsidiary, which will be included in the consolidated financial statements starting Q1 2025[10]. - The company did not apply new accounting standards or interpretations starting from 2025[31].