GWE(SH:600192)2025-04-29 08:48Financial Performance - The company's operating revenue for Q1 2025 was ¥285,210,415.77, a decrease of 26.23% compared to ¥386,603,846.90 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥39,929,848.54, representing a decline of 43.27% from a loss of ¥27,869,538.55 in the previous year[4] - The net cash flow from operating activities was negative at ¥57,448,497.35, a decrease of 105.72% compared to the previous year's negative cash flow of ¥27,925,000.57[4] - The company reported a total comprehensive loss of ¥45.90 million in Q1 2025, compared to a loss of ¥32.72 million in Q1 2024, reflecting a 40% increase in comprehensive losses[19] - Net loss for Q1 2025 was ¥42.25 million, compared to a net loss of ¥29.79 million in Q1 2024, representing a 42% increase in losses year-over-year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,741,030,123.75, an increase of 1.75% from ¥4,659,509,015.78 at the end of the previous year[5] - The company's current assets totaled CNY 3,417,969,426.05, up from CNY 3,316,191,879.18, indicating an increase of about 3.06%[15] - Total liabilities increased to CNY 3,578,489,042.36 from CNY 3,451,007,008.28, reflecting a rise of about 3.70%[16] - The company’s equity attributable to shareholders decreased to CNY 1,138,069,250.39 from CNY 1,181,707,422.65, a decline of approximately 3.66%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,083[10] - The largest shareholder, Gansu Electric Equipment Group Co., Ltd., holds 39.53% of the shares, totaling 174,607,284 shares[10] Cash and Cash Equivalents - Cash and cash equivalents increased to CNY 599,659,594.54 from CNY 449,005,960.53, representing a significant growth of approximately 33.5%[15] - Cash and cash equivalents at the end of Q1 2025 totaled ¥430.20 million, up from ¥239.64 million at the end of Q1 2024, indicating a significant increase of 79.7%[21] Operating Costs and Income - Total operating costs for Q1 2025 were ¥340.71 million, down 19.1% from ¥421.01 million in Q1 2024[18] - The company reported a significant increase in other income by 85.97%, attributed to a rise in government subsidies received[8] Borrowings - The company raised ¥685 million in borrowings during Q1 2025, an increase from ¥511.15 million in Q1 2024, indicating a 33.9% rise in financing activities[21] - The company’s short-term borrowings increased to CNY 1,351,537,478.23 from CNY 1,141,504,525.74, representing an increase of about 18.38%[16] - The company’s long-term borrowings decreased to CNY 230,130,635.64 from CNY 279,382,524.53, a decline of approximately 17.63%[16] Earnings Per Share - The basic and diluted earnings per share were both -¥0.0904, reflecting a 43.27% decline compared to -¥0.0631 in the previous year[4] - Basic and diluted earnings per share for Q1 2025 were both -¥0.0904, compared to -¥0.0631 in Q1 2024[19]