Financial Performance - The company's revenue for Q1 2025 was CNY 216,785,975.62, representing a year-on-year increase of 5.23% compared to CNY 206,009,051.07 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 9,364,062.16, a decrease of 166.51% from a profit of CNY 14,079,942.20 in the previous year[5] - Total operating revenue for the current period reached ¥216,785,975.62, an increase of 5.9% compared to ¥206,009,051.07 in the previous period[20] - The net profit for the current period was a loss of ¥9,546,021.07, compared to a profit of ¥13,690,613.89 in the previous period[21] - Basic and diluted earnings per share for the current period were both -¥0.01, compared to ¥0.02 in the previous period[21] Cash Flow - The net cash flow from operating activities increased by 44.55% to CNY 37,578,207.05, up from CNY 25,997,436.82 in the same period last year[5] - Operating cash inflow for the current period was $106,672,265.15, an increase of 17.3% from $90,997,188.03 in the previous period[24] - Net cash flow from operating activities was $37,578,207.05, up 44.6% from $25,997,436.82 in the previous period[24] - Cash outflow for investment activities totaled $359,316,207.06, compared to $150,599,926.44 in the previous period, indicating a significant increase in investment spending[24] - Net cash flow from financing activities was $374,375,951.05, an increase of 17.3% from $319,351,520.08 in the previous period[25] - Cash and cash equivalents at the end of the period amounted to $185,599,178.91, down from $594,560,670.58 in the previous period[25] - Total cash outflow for operating activities was $69,094,058.10, compared to $64,999,751.21 in the previous period, reflecting a slight increase[24] - The company did not receive any cash from investment activities in the current period, compared to $2,894,465.74 in the previous period[24] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 15,685,105,178.09, a 2.58% increase from CNY 15,290,092,124.15 at the end of the previous year[5] - Total liabilities rose to ¥12,777,013,717.12, compared to ¥12,373,241,877.87, indicating an increase of 3.3%[19] - The total equity attributable to shareholders of the parent company decreased to ¥2,902,300,784.61 from ¥2,910,877,611.01, a decline of 0.3%[19] - The company’s total liabilities decreased by 85.54% in notes payable, amounting to CNY 16,114,288.45, reflecting changes in payment structures[10] - The company reported a significant increase in credit impairment losses, totaling CNY 41,981,208.38, due to delays in subsidy payments and increased accounts receivable aging[11] Shareholder Information - Total number of common shareholders at the end of the reporting period is 52,824[13] - The largest shareholder, Xinjiang Energy (Group) Co., Ltd., holds 47.38% of shares, totaling 442,201,500 shares[13] - The second-largest shareholder, Shandong Electric Power Construction Third Engineering Co., Ltd., holds 7.68% of shares, totaling 71,692,200 shares[13] Research and Development - Research and development expenses rose by 139.38% to CNY 909,917.80, reflecting increased investment in R&D activities[10] - Research and development expenses for the current period were ¥909,917.80, significantly higher than ¥380,118.86 in the previous period, marking an increase of 139.2%[20] Other Financial Metrics - The gross profit margin for Q1 2025 was 43.76%, an increase of 1.14% year-on-year, attributed to new projects generating additional revenue and gross profit[9] - The company experienced a 136.50% increase in notes receivable, reaching CNY 31,656,525.18, primarily due to increased financing lease payments[10] - The company’s other non-current assets surged by 1023.25% to CNY 92,200,332.72, mainly due to prepayments for equipment purchases related to ongoing projects[10] - Non-current assets include fixed assets valued at 5,753,969,677.16 CNY, down from 5,852,896,994.10 CNY[17] - The company has a long-term equity investment of 796,818,120.00 CNY[17] - The company’s intangible assets increased to 273,995,773.67 CNY from 247,363,252.19 CNY[17] - The company has no derivative financial assets or debt investments reported[17] Corporate Governance - The company has not yet audited the first quarter report[26] - The board of directors meeting was held on April 29, 2025[27]
立新能源(001258) - 2025 Q1 - 季度财报