蓝天燃气(605368) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,396,134,744.29, a decrease of 11.73% compared to CNY 1,581,736,259.77 in the same period last year[4] - Net profit attributable to shareholders was CNY 132,017,273.89, down 34.86% from CNY 202,678,791.66 year-on-year[4] - The basic earnings per share decreased by 37.93% to CNY 0.18 from CNY 0.29 in the previous year[5] - The weighted average return on equity fell to 3.58%, a decrease of 1.59 percentage points compared to 5.17% last year[5] - The net profit after deducting non-recurring gains and losses was CNY 130,609,029.61, a decrease of 33.46% compared to CNY 196,287,854.15 last year[4] - Total operating revenue for Q1 2025 was ¥1,396,134,744.29, a decrease of 11.7% compared to ¥1,581,736,259.77 in Q1 2024[18] - Net profit for Q1 2025 was ¥132,723,141.83, a decline of 34.8% from ¥203,631,822.12 in Q1 2024[19] - Earnings per share for Q1 2025 were ¥0.18, compared to ¥0.29 in Q1 2024[20] Cash Flow - The net cash flow from operating activities was CNY 35,147,604.77, down 36.18% from CNY 55,071,988.61 in the same period last year[4] - Cash inflow from operating activities in Q1 2025 was ¥1,401,937,514.46, down from ¥1,514,549,434.69 in Q1 2024[23] - Net cash flow from operating activities was 35,147,604.77, a decrease from 55,071,988.61 in the previous period[24] - Total cash outflow from operating activities amounted to 1,366,789,909.69, compared to 1,459,477,446.08 previously[24] - Net cash flow from investing activities was -19,416,647.18, improving from -47,899,627.35 in the prior period[24] - Cash inflow from financing activities totaled 20,000,000.00, down from 190,000,000.00 previously[24] - Net cash flow from financing activities was 15,138,660.45, compared to 8,871,059.75 in the previous period[25] - The ending balance of cash and cash equivalents was 1,276,544,012.32, down from 1,720,762,258.97 in the prior period[25] - Total cash and cash equivalents increased by 30,869,618.04, compared to an increase of 16,043,421.01 previously[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,284,250,386.47, an increase of 1.10% from CNY 6,215,960,463.99 at the end of the previous year[5] - Current assets totaled CNY 1,958,533,119.88, up from CNY 1,866,389,972.79 in the previous period, reflecting a growth of approximately 4.3%[13] - The company's cash and cash equivalents increased to CNY 1,297,120,571.62 from CNY 1,262,290,031.22, representing a rise of about 2.8%[12] - Accounts receivable rose significantly to CNY 259,839,231.13 from CNY 169,475,756.51, indicating a growth of approximately 53.3%[12] - Total liabilities decreased to CNY 2,460,488,060.79 from CNY 2,535,575,969.23, a reduction of about 3.0%[14] - The company's short-term borrowings increased to CNY 640,484,763.88 from CNY 620,470,097.21, reflecting a rise of approximately 3.6%[14] - The total equity as of March 31, 2025, was CNY 3,823,762,325.68, slightly up from CNY 3,680,384,494.76[14] - The total assets as of March 31, 2025, amounted to CNY 6,284,250,386.47, an increase from CNY 6,215,960,463.99 as of December 31, 2024[12] Operational Insights - The company attributed the decline in net profit to a sluggish real estate market and inability to adjust residential gas prices in a timely manner[7] - The company implemented a "one factory, one policy" pricing mechanism to stabilize market share, which led to reduced sales margins[7] - The company reported a non-recurring gain of CNY 1,016,038.84 from government subsidies related to its normal business operations[6] - The company reported a decrease in interest expenses to ¥10,770,184.41 in Q1 2025 from ¥13,221,747.34 in Q1 2024[19] - Other income for Q1 2025 was ¥4,060,967.45, significantly lower than ¥10,999,889.92 in Q1 2024[19] - The company’s investment income for Q1 2025 was ¥957,657.13, recovering from a loss of ¥2,476,608.72 in Q1 2024[19] Employee and Tax Payments - Payments to employees amounted to 57,392,880.14, a decrease from 64,804,046.58 in the previous period[24] - Tax payments totaled 66,358,673.50, down from 81,415,807.93 previously[24]