中山公用(000685) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥977,119,263.79, representing an increase of 8.25% compared to ¥895,850,673.21 in the same period last year[2]. - Net profit attributable to shareholders for Q1 2025 was ¥304,604,173.97, a significant increase of 62.19% from ¥187,807,246.08 in the previous year[2]. - The basic and diluted earnings per share for Q1 2025 were both ¥0.21, reflecting a 62.19% increase compared to ¥0.13 in the same period last year[3]. - The company's net profit for the current period is CNY 301,398,608.71, an increase from CNY 194,360,740.28 in the previous period, representing a growth of approximately 55.1%[21]. - Total revenue from operating activities reached CNY 972,219,484.14, compared to CNY 903,601,719.66 in the previous period, indicating an increase of about 7.6%[24]. - The company reported a total comprehensive income of CNY 274,871,676.68, slightly up from CNY 265,149,276.64 in the previous period[22]. - Basic and diluted earnings per share increased to CNY 0.21 from CNY 0.13, reflecting a growth of 61.5%[22]. Assets and Liabilities - Total assets at the end of Q1 2025 amounted to ¥35,065,943,375.68, an increase of 8.19% from ¥32,411,166,172.47 at the end of the previous year[3]. - Current assets totaled ¥6,732,207,355.96, up 19.77% from ¥5,618,947,472.06 at the beginning of the period[16]. - Non-current assets increased to ¥28,333,736,019.72 from ¥26,792,218,700.41, representing a growth of 5.77%[17]. - Total liabilities rose to ¥17,287,501,985.34, an increase of 18.43% from ¥14,587,115,944.71[18]. - The company's total equity decreased slightly to ¥17,778,441,390.34 from ¥17,824,050,227.76, a decline of 0.26%[18]. Cash Flow - The net cash flow from operating activities for Q1 2025 was -¥427,661,041.10, a decrease of 11.94% compared to -¥380,334,117.31 in the same period last year[3]. - The net cash flow from operating activities was negative at CNY -427,661,041.10, worsening from CNY -382,031,334.61 in the previous period[25]. - The company generated CNY 1,831,481,463.03 in cash inflows from financing activities, up from CNY 1,512,531,222.00 in the previous period, marking an increase of approximately 21.1%[26]. - Investment activities resulted in a net cash outflow of CNY -420,250,466.21, compared to CNY -373,121,945.08 in the previous period[25]. Expenses and Costs - Total operating costs amounted to ¥945,432,797.49, up 15.66% from ¥817,255,470.10 in the prior period[20]. - Operating costs included ¥773,034,997.70 in operating expenses, which rose from ¥677,105,007.89, reflecting a 14.19% increase[20]. - Research and development expenses were ¥9,017,148.53, compared to ¥7,078,039.85 in the previous period, indicating a 27.4% increase[20]. Acquisitions and Investments - The company completed a capital increase of ¥63 million to acquire a 70% stake in Tongkong Environmental Technology Co., which became a subsidiary in September 2024[3]. - The company's goodwill increased by 955.98% to ¥42,628,762.49, primarily due to the acquisition activities during the reporting period[9]. - Investment income grew by 158.78% to ¥283,342,011.32, mainly from increased returns on investments in associated companies[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,421[11]. - The largest shareholder, Zhongshan Investment Holding Group Co., Ltd., holds 48.73% of the shares, totaling 718,878,206 shares[12]. Other Financial Metrics - Short-term borrowings rose by 73.10% to ¥2,861,145,892.13, driven by increased funding needs[9]. - Long-term payables increased by 1,632.24% to ¥43,665,080.20, primarily due to financing and lease payments during the reporting period[10]. - Deferred income tax liabilities rose by 651.68% to ¥48,754,213.34, mainly due to the impact of asset valuation increases from acquisitions[10]. - Minority interests increased by 70.35% to ¥530,492,718.40, attributed to the acquisition of controlling subsidiaries during the reporting period[10]. - Tax and additional charges surged by 293.42% to ¥30,318,604.19, primarily due to the increase in water resource tax[10]. - Other income decreased by 56.26% to ¥9,307,111.71, primarily due to a reduction in government subsidies[10]. - Credit impairment losses increased by 213.89% to -¥6,181,237.78, reflecting higher provisions for credit losses[10].