陕鼓动力(601369) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,559,006,030.96, representing a 2.68% increase compared to CNY 2,492,149,868.09 in the same period last year[4] - Net profit attributable to shareholders was CNY 247,702,605.91, reflecting a 5.57% increase from CNY 234,630,037.74 year-over-year[4] - The basic earnings per share increased to CNY 0.15, up 7.14% from CNY 0.14 in the previous year[4] - The total operating revenue for Q1 2025 reached CNY 2,559,006,030.96, an increase of 2.68% compared to CNY 2,492,149,868.09 in Q1 2024[26] - The net profit for Q1 2025 was CNY 278,881,299.23, an increase of 5.63% compared to CNY 265,389,924.33 in Q1 2024[27] - The total profit before tax was CNY 345,202,613.49, up from CNY 327,405,144.53 in the same quarter last year[27] - The total comprehensive income for Q1 2025 was CNY 273,362,897.00, a decrease from CNY 282,408,478.74 in Q1 2024[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 25,815,650,768.13, a 2.18% increase from CNY 25,264,416,097.26 at the end of the previous year[4] - Total liabilities increased to CNY 15,972,369,212.39 from CNY 15,702,920,133.21, marking a rise of 1.72%[24] - The total equity attributable to shareholders rose to CNY 9,118,447,208.11, compared to CNY 8,868,697,938.27, reflecting an increase of 2.93%[24] - Cash and cash equivalents increased to CNY 21,141,901,390.77 from CNY 20,620,367,399.43, showing a growth of 2.52%[24] - Short-term borrowings rose to CNY 2,639,328,176.71 from CNY 2,460,812,346.30, an increase of 7.26%[23] - The company reported a decrease in accounts payable to CNY 5,360,021,651.25 from CNY 5,564,804,381.72, a decline of 3.67%[23] - The company’s deferred tax assets were CNY 421,692,137.98, slightly down from CNY 433,697,981.15, a decrease of 2.77%[24] Cash Flow - The net cash flow from operating activities was CNY 235,855,056.27, which is a 2.26% increase compared to CNY 230,640,557.66 in the same period last year[4] - The net cash flow from investing activities was negative at CNY -24,342,535.43, an improvement from CNY -519,124,084.55 in the previous year[32] - The company experienced a decrease in cash and cash equivalents, ending Q1 2025 with CNY 2,228,488,694.61 compared to CNY 4,446,940,251.56 at the end of Q1 2024[32] - The company reported a significant increase in investment cash inflow, totaling CNY 4,281,481,131.63, compared to CNY 1,206,329,150.00 in Q1 2024[32] Research and Development - The company has initiated 125 R&D projects, with 2 projects passing provincial technology plan acceptance[16] - The company holds a total of 715 patents, including 124 invention patents and 561 utility model patents[16] - Research and development expenses in Q1 2025 amounted to CNY 93,206,372.16, compared to CNY 88,190,067.71 in Q1 2024, indicating an increase of 5.77%[26] - The company achieved a technological breakthrough with the first domestic high-pressure CO2 compressor for carbon capture projects[12] - The company’s innovative projects have been included in the national green technology promotion directory for 2024[18] Market and Expansion - The company signed a major project for a 300,000 tons/year aromatics conversion reforming unit, enhancing its market influence in the chemical sector[15] - The company successfully entered the West Asian market with a significant RFCC oil processing unit project, marking a breakthrough in international refining[13] - The company is actively pursuing international expansion and has made significant strides in distributed energy market opportunities[11] - The company has not disclosed any new product developments or market expansion strategies in this report[1] Shareholder Information - The company reported a total of 30,193 common shareholders at the end of the reporting period[9] - The largest shareholder, Shaanxi Blower (Group) Co., Ltd., holds 56.19% of the shares, totaling 969,635,806 shares[9] Other Financial Metrics - The weighted average return on equity rose to 2.75%, an increase of 0.11 percentage points from 2.64%[4] - The company recognized non-recurring gains and losses totaling CNY 12,481,096.75 after accounting for tax and minority interests[7] - Total operating costs for Q1 2025 were CNY 2,271,439,011.46, up from CNY 2,142,575,239.69 in Q1 2024, reflecting a year-over-year increase of 6.02%[26] - The company reported a decrease in other comprehensive income, with a net amount of CNY -5,518,402.23 compared to CNY 17,018,554.41 in Q1 2024[27]