珠江股份(600684) - 2025 Q1 - 季度财报

Key Financial Data Q1 2025 key financial data reveals revenue growth, a return to profitability, and shifts in adjusted profit and operating cash flow Key Financial Indicators | Key Financial Indicators | Current Period (RMB) | Prior Year Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 345,241,931.96 | 322,410,928.05 | 7.08% | | Net Profit Attributable to Shareholders of Listed Company | 5,490,086.62 | -2,538,446.58 | Not Applicable | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 3,955,679.20 | 7,574,188.11 | -47.77% | | Net Cash Flow from Operating Activities | -117,392,223.87 | -91,233,590.55 | Not Applicable | | Total Assets (Period-End) | 1,740,899,213.08 | 1,764,195,655.16 (Prior Year-End) | -1.32% | | Total Equity Attributable to Shareholders of Listed Company (Period-End) | 465,804,736.09 | 460,314,649.47 (Prior Year-End) | 1.19% | - The year-over-year increase in net profit attributable to shareholders and weighted average return on equity is attributed to the impact of A-share market trends, leading to a year-over-year increase in fair value change gains from the company's stock holdings[7] - Net profit excluding non-recurring gains and losses decreased by 47.77% year-over-year, primarily due to a reduction in revenue from high-margin large-scale performance activities[7] Non-Recurring Gains/Losses Items | Non-Recurring Gains/Losses Items | Current Period Amount (RMB) | Notes | | :--- | :--- | :--- | | Government Grants | 3,819,337.53 | - | | Fair Value Change Gains/Losses on Financial Assets/Liabilities | -1,707,975.88 | Primarily due to fair value changes in the company's stock holdings | | Net Non-Operating Income/Expenses | -306,707.00 | (Income - Expenses) | | Total | 1,534,407.42 | (After deducting income tax and minority interests) | Shareholder Information Shareholder information details the company's 32,326 common shareholders and top holdings, including the largest state-owned entity - As of the end of the reporting period, the company had a total of 32,326 common shareholders[9] Top Five Shareholders | Top Five Shareholders | Shareholder Type | Shareholding Percentage (%) | | :--- | :--- | :--- | | Guangzhou Zhujiang Industrial Group Co., Ltd. | State-owned Legal Entity | 31.10 | | Li Zhuangyu | Domestic Natural Person | 4.90 | | Guangzhou Urban Construction Investment Group Co., Ltd. | State-owned Legal Entity | 4.52 | | Long Jianmin | Domestic Natural Person | 1.93 | | Industrial and Commercial Bank of China Co., Ltd. - Southern CSI All-Share Real Estate ETF | Other | 0.88 | Other Reminders This section confirms no other significant operational information requires special investor attention during the reporting period - The company explicitly states in this section that there is no other significant information regarding its operations during the reporting period that requires investor attention[11] Quarterly Financial Statements This section presents the unaudited consolidated and parent company financial statements for Q1 2025, essential for comprehensive financial analysis Consolidated Balance Sheet The consolidated balance sheet as of March 31, 2025, details total assets, liabilities, and equity, noting changes in cash and receivables Key Balance Sheet Items | Key Balance Sheet Items | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,740,899,213.08 | 1,764,195,655.16 | -1.32% | | Total Liabilities | 1,233,915,789.04 | 1,264,116,970.24 | -2.39% | | Total Equity Attributable to Parent Company Shareholders | 465,804,736.09 | 460,314,649.47 | +1.19% | | Cash and Cash Equivalents | 388,471,829.44 | 511,855,407.12 | -24.11% | | Accounts Receivable | 403,075,928.10 | 354,544,367.65 | +13.69% | Consolidated Income Statement The consolidated income statement for Q1 2025 shows RMB 345 million in revenue, a 7.08% increase, and a turnaround to RMB 5.49 million net profit Key Income Statement Items | Key Income Statement Items | Q1 2025 (RMB) | Q1 2024 (RMB) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 345,241,931.96 | 322,410,928.05 | +7.08% | | Total Operating Costs | 334,522,327.78 | 308,160,670.01 | +8.55% | | Operating Profit | 9,934,312.07 | 829,888.19 | +1097.07% | | Net Profit Attributable to Parent Company Shareholders | 5,490,086.62 | -2,538,446.58 | Turnaround to Profit | | Basic Earnings Per Share (RMB/share) | 0.01 | 0.00 | Not Applicable | Consolidated Cash Flow Statement The consolidated cash flow statement for Q1 2025 indicates an expanded net operating cash outflow of -RMB 117 million, with overall cash and equivalents decreasing Cash Flow Items | Cash Flow Items | Q1 2025 (RMB) | Q1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -117,392,223.87 | -91,233,590.55 | | Net Cash Flow from Investing Activities | -659,691.03 | -898,712.71 | | Net Cash Flow from Financing Activities | -8,299,791.41 | -404,430,296.22 | | Net Increase in Cash and Cash Equivalents | -126,351,706.31 | -496,562,599.48 | Parent Company Financial Statements Parent company Q1 2025 financial statements show a narrowed net loss of RMB 6.45 million and a positive shift in operating cash flow to RMB 7.24 million Key Parent Company Income Statement Items | Key Parent Company Income Statement Items | Q1 2025 (RMB) | Q1 2024 (RMB) | | :--- | :--- | :--- | | Operating Revenue | 2,890,574.31 | 1,686,260.64 | | Operating Profit | -6,444,126.54 | -17,259,688.23 | | Net Profit | -6,449,858.55 | -16,959,956.19 | - Net cash flow from parent company operating activities was RMB 7.24 million, a significant improvement from a net outflow of RMB 14.85 million in the prior year period[32]