Financial Performance - Operating revenue for Q1 2025 was RMB 6,910,854,202.78, a decrease of 12.60% compared to RMB 7,906,827,273.59 in the same period last year[8] - Net profit attributable to shareholders increased by 14.71% to RMB 954,491,421.38 from RMB 832,099,109.39 year-on-year[8] - Basic and diluted earnings per share rose by 15.00% to RMB 0.23 from RMB 0.20 in the same period last year[8] - Total revenue for Q1 2025 was CNY 6,910,854,202.78, a decrease of 12.6% compared to CNY 7,906,827,273.59 in Q1 2024[29] - Net profit for Q1 2025 reached CNY 1,130,798,886.99, an increase of 12.2% from CNY 1,007,461,018.33 in Q1 2024[31] - The company reported a total comprehensive income of CNY 1,130,798,886.99 for Q1 2025, compared to CNY 1,007,461,018.33 in Q1 2024[33] Cash Flow and Liquidity - Net cash flow from operating activities surged by 131.45% to RMB 2,246,627,833.40, compared to RMB 970,684,493.67 in the previous year[8] - The company reported a significant increase in cash and cash equivalents, rising to RMB 4,677,704,301.72 from RMB 3,056,262,802.26, which is an increase of about 53.03%[22] - Cash inflow from operating activities totaled CNY 7,043,542,859.83 in Q1 2025, slightly up from CNY 7,036,674,799.74 in Q1 2024, indicating stable operational performance[38] - The net cash flow from investing activities was negative at CNY -1,589,562,903.71 in Q1 2025, worsening from CNY -1,031,124,289.73 in Q1 2024, indicating increased investment expenditures[39] - The net increase in cash and cash equivalents for Q1 2025 was CNY 1,627,846,590.30, a significant rise from CNY 75,817,497.12 in Q1 2024, indicating strong cash generation capabilities[39] Assets and Liabilities - Total assets at the end of the reporting period were RMB 86,183,887,415.37, reflecting a 2.58% increase from RMB 84,016,482,012.66 at the end of the previous year[10] - Total liabilities as of March 31, 2025, amounted to CNY 57,541,795,533.03, an increase from CNY 56,903,738,159.25 as of December 31, 2024[26] - Current liabilities totaled RMB 22,411,131,711.47, slightly down from RMB 22,599,081,203.26, showing a decrease of about 0.83%[25] - Total equity as of March 31, 2025, was CNY 28,642,091,882.34, compared to CNY 27,112,743,853.41 as of December 31, 2024[27] Shareholder Information - The company had a total of 43,628 shareholders as of March 31, 2025, with 42,490 being A-share shareholders and 1,138 H-share shareholders[16] - The company has not disclosed any significant changes in shareholder relationships or actions related to share lending during the reporting period[20] Operational Efficiency - The decrease in operating revenue was primarily due to a reduction in natural gas sales volume compared to the same period last year[15] - Total operating costs for Q1 2025 were CNY 5,769,876,847.11, down 16.1% from CNY 6,873,449,583.92 in Q1 2024[29] - Research and development expenses for Q1 2025 were CNY 51,005,868.08, down from CNY 70,901,010.67 in Q1 2024, indicating a focus on cost management[29] - The cash outflow for purchasing goods and services decreased to CNY 4,207,827,028.50 in Q1 2025 from CNY 5,199,750,045.05 in Q1 2024, reflecting improved cost management[38] Future Outlook and Strategic Initiatives - The company provided a future outlook with a revenue guidance of 1.5 billion for Q2 2025, representing a 20% increase compared to Q2 2024[54] - The company is investing 200 million in R&D for new technologies aimed at improving energy efficiency[54] - The company announced a strategic acquisition of a competitor for 500 million, expected to enhance its market position[54] - The company plans to implement new strategies to reduce operational costs by 15% over the next year[54]
新天绿色能源(00956) - 2025 Q1 - 季度业绩