恒盛能源(605580) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥224,178,988.34, representing a year-on-year increase of 21.67% compared to ¥184,254,544.98 in the same period last year[5]. - Net profit attributable to shareholders for the same period was ¥44,309,882.73, a significant increase of 77.43% from ¥24,973,334.41 in the previous year[5]. - The net cash flow from operating activities reached ¥42,298,520.66, showing a remarkable increase of 1,085.49% compared to ¥3,568,028.67 in the previous year[5]. - Basic and diluted earnings per share were both ¥0.16, reflecting a 77.78% increase from ¥0.09 in the same period last year[5]. - The company reported a net profit excluding non-recurring gains and losses of ¥29,101,951.93, which is a 19.73% increase from ¥24,306,471.27 in the previous year[5]. - Net profit for Q1 2025 was ¥48,124,321.37, a significant increase of 92.5% compared to ¥24,995,642.15 in Q1 2024[21]. - Earnings per share for Q1 2025 was ¥0.16, compared to ¥0.09 in Q1 2024, indicating a growth of 77.8%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,202,899,747.89, marking a 52.54% increase from ¥1,444,164,983.63 at the end of the previous year[6]. - Total liabilities increased to ¥1,056,859,016.10 from ¥455,343,595.35, reflecting a growth of 132.2%[17]. - The total equity attributable to shareholders increased to ¥984,218,158.22, a rise of 4.76% from ¥939,539,085.28 at the end of the previous year[6]. - The company's equity attributable to shareholders reached ¥984,218,158.22, up from ¥939,539,085.28, indicating a growth of 4.7%[17]. Cash Flow - Cash and cash equivalents increased to RMB 126,741,542.85 from RMB 102,090,257.16, reflecting a growth of approximately 24.2%[15]. - Cash flow from operating activities for Q1 2025 was not detailed, but the company reported significant operational income[23]. - Total cash inflow from operating activities in Q1 2025 was $218,006,396.08, compared to $204,767,769.55 in Q1 2024, indicating a year-over-year increase of about 6.3%[24]. - Cash outflow from investing activities in Q1 2025 was $100,378,064.42, up from $61,854,051.60 in Q1 2024, reflecting a rise of approximately 62.2%[25]. - Net cash flow from financing activities for Q1 2025 was $74,699,558.45, compared to $49,173,052.27 in Q1 2024, showing an increase of about 51.9%[25]. - The total cash and cash equivalents at the end of Q1 2025 amounted to $126,741,542.85, down from $156,475,794.66 in Q1 2024, a decrease of approximately 19%[25]. - Cash inflow from borrowing in Q1 2025 was $292,583,252.87, significantly higher than $88,647,496.11 in Q1 2024, marking an increase of about 229%[25]. - Cash outflow for debt repayment in Q1 2025 was $111,910,000.00, compared to $37,000,000.00 in Q1 2024, which is an increase of approximately 202%[25]. - The net cash flow from investing activities for Q1 2025 was -$92,346,793.42, worsening from -$58,795,051.60 in Q1 2024[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,926[10]. - The largest shareholder, Yu Guoxu, holds 89,068,000 shares, representing 31.81% of the total shares[10]. Strategic Developments - The increase in revenue and profit was primarily driven by the consolidation of Huada Thermal Power and income from the sale of carbon emission quotas[5][8]. - The company plans to participate in the electricity market trading starting January 1, 2025, which may impact coal power settlement prices[13]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]. Acquisitions and Sales - The company acquired 70% of Huada Reheat Electric for RMB 31,500.90 million, with the acquisition completed on January 24, 2025[12]. - The company sold 217,500 tons of carbon emission quotas for a total of RMB 19,924,700, with 75,400 tons remaining to be sold[12]. Operational Costs - Total operating costs for Q1 2025 were ¥179,546,073.33, up from ¥157,293,232.12 in Q1 2024, reflecting a growth of 14.1%[20]. - Research and development expenses increased to ¥6,540,401.05 in Q1 2025, up from ¥2,654,714.84 in Q1 2024, representing a growth of 146.5%[20].