协鑫能科(002015) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥2,932,925,080.10, representing a 21.49% increase compared to ¥2,414,203,798.98 in the same period last year[5]. - Net profit attributable to shareholders was ¥253,634,879.72, up 35.15% from ¥187,673,737.95 year-on-year[5]. - The net profit excluding non-recurring gains and losses reached ¥193,137,425.57, a significant increase of 176.61% compared to ¥69,824,054.88 in the previous year[5]. - Basic earnings per share rose to ¥0.1604, reflecting a 35.13% increase from ¥0.1187[5]. - The total operating revenue for the current period is CNY 2,932,925,080.10, representing an increase of 21.5% compared to CNY 2,414,203,798.98 in the previous period[27]. - The net profit for the current period is CNY 299,563,160.64, which is a 43.8% increase from CNY 208,293,815.35 in the previous period[28]. - The earnings per share (EPS) for the current period is CNY 0.1604, compared to CNY 0.1187 in the previous period, reflecting a growth of 35.2%[29]. Cash Flow and Assets - The net cash flow from operating activities was ¥387,583,424.10, an increase of 81.83% from ¥213,153,885.26 in the same period last year[5]. - Operating cash flow for the current period is ¥387,583,424.10, an increase of 81.8% compared to ¥213,153,885.26 in the previous period[30]. - Total cash inflow from operating activities decreased to ¥2,920,120,378.17 from ¥3,076,003,883.31, a decline of 5.1%[30]. - Cash outflow from investing activities totaled ¥1,009,607,752.52, down from ¥1,382,526,339.29, representing a decrease of 27%[31]. - Net cash flow from investing activities was -¥806,363,643.79, worsening from -¥620,296,697.75 in the previous period[31]. - Cash inflow from financing activities decreased to ¥2,429,471,829.72 from ¥3,308,968,550.66, a decline of 26.5%[31]. - The ending cash and cash equivalents balance is ¥3,451,219,958.09, a slight decrease from ¥3,538,457,287.56[31]. - Total assets at the end of the reporting period were ¥40,793,476,771.63, a slight increase of 0.83% from ¥40,458,909,504.71 at the end of the previous year[5]. - As of March 31, 2025, the company's total current assets amounted to CNY 12,059,320,492.29, an increase from CNY 11,968,240,521.43 at the beginning of the period, reflecting a growth of approximately 0.76%[24]. - The company's inventory decreased significantly from CNY 640,427,677.28 to CNY 272,952,780.80, a reduction of approximately 57.40%[24]. - Long-term equity investments rose to CNY 2,508,729,897.28 from CNY 2,393,730,973.46, indicating an increase of about 4.79%[24]. - The company's fixed assets decreased from CNY 18,164,255,633.81 to CNY 17,924,814,585.33, a decline of approximately 1.32%[24]. Investments and Development - The company reported an increase in investment income to ¥82,999,919.24, a 32.89% rise from ¥62,457,596.75 year-on-year[10]. - The company is focusing on the development of distributed photovoltaic projects and has established brands for commercial and residential distributed energy solutions[18]. - The company has initiated the establishment of a new subsidiary to enhance fundraising capabilities, as announced on January 16, 2025[22]. - The company plans to provide loans to its subsidiaries using part of the raised funds to implement investment projects, as detailed in the announcement on March 20, 2025[22]. - The company is actively pursuing joint investments with professional investment institutions, as highlighted in the announcement on March 13, 2025[22]. - The company has made progress in providing guarantees for its controlling subsidiaries, with updates provided on March 22, 2025[22]. Operational Highlights - The company added 242.96 MW of distributed photovoltaic capacity in Q1 2025, with a total installed capacity of 1,664.12 MW for distributed photovoltaic projects[18]. - The total installed capacity of the company as of March 31, 2025, was 5,978.01 MW, with renewable energy accounting for 58.23% of the total[17]. - The company participated in market trading services with a total electricity volume of 5.974 billion kWh in Q1 2025[19]. - The company’s virtual power plant in Jiangsu Province has an adjustable load scale of approximately 550 MW, accounting for about 30% of the province's actual adjustable load[19]. - The company’s energy storage total scale reached 650 MW/1300 MWh on the grid side, with 150 MW/300 MWh under construction[19]. Liabilities and Equity - The total liabilities are CNY 27,018,332,798.98, which is a marginal increase from CNY 26,995,116,072.75[26]. - The total equity attributable to shareholders of the parent company is CNY 11,994,891,531.98, up from CNY 11,739,012,134.39, indicating a growth of 2.2%[26].