ECEC(002140)2025-04-29 11:20Financial Performance - The company's operating revenue for Q1 2025 was ¥2,071,844,558.50, representing a 13.50% increase compared to ¥1,825,481,985.97 in the same period last year[2] - The net profit attributable to shareholders was ¥120,665,637.49, a slight decrease of 0.87% from ¥121,729,827.70 year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 27.13% to ¥111,840,130.28 from ¥87,974,582.61 in the previous year[2] - Net profit for the current period was ¥122,032,254.38, slightly higher than ¥120,508,173.49 from the previous period, indicating a growth of 1.3%[19] - Basic earnings per share for the current period was ¥0.1706, down from ¥0.1726 in the previous period, a decrease of 1.2%[19] Cash Flow - The net cash flow from operating activities was -¥344,703,089.74, a significant decrease of 342.76% compared to ¥141,991,656.45 in the same period last year[2] - Cash inflow from operating activities totaled ¥2,003,368,420.30, compared to ¥1,923,301,499.12 in the previous period, an increase of 4.2%[20] - The net cash flow from financing activities increased by 23.90% to ¥216,449,100, driven by increased loan funds obtained by subsidiaries[6] - Net cash flow from financing activities amounted to $216,449,052.13, an increase from $174,690,944.56 in the previous period, reflecting a growth of approximately 24.5%[21] - The net increase in cash and cash equivalents was negative $362,030,709.87, compared to a positive increase of $248,674,964.67 in the prior period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,895,284,450.20, down 1.27% from ¥16,100,437,077.47 at the end of the previous year[2] - Current assets totaled ¥9,431,602,238.27, down from ¥9,806,485,149.25, indicating a decrease of about 3.81%[14] - Total liabilities decreased to ¥10,777,331,374.13 from ¥11,109,887,244.66, a decline of 3.0%[16] - Total current liabilities decreased to ¥8,805,562,811.34 from ¥9,364,636,866.72, a reduction of about 5.95%[15] - Total equity increased to ¥5,117,953,076.07 from ¥4,990,549,832.81, reflecting a growth of 2.5%[16] Inventory and Construction - The balance of inventory at the end of the reporting period was ¥658,874,900, an increase of 47.56% compared to the beginning of the year[5] - The balance of construction in progress was ¥3,314,003,300, reflecting a growth of 3.59% from the beginning of the year[5] - Inventory rose significantly to ¥658,874,909.84 from ¥446,528,289.71, marking an increase of approximately 47.5%[14] Shareholder and Governance - The company completed the transfer of 333,318,144 shares from its former controlling shareholder to China Chemical Engineering Co., Ltd. on December 4, 2023[11] - The actual controller of the company remains unchanged as China Chemical Engineering Group Co., Ltd., ensuring no impact on the company's governance structure[12] Research and Development - Research and development expenses decreased significantly to ¥22,295,224.66 from ¥69,681,487.62, a reduction of 68.0%[18] Tax and Expenses - The company reported a significant increase in tax expenses, totaling ¥21,130,612.71 compared to ¥21,221,952.51 in the previous period, a slight decrease of 0.4%[19] Audit Status - The company’s first quarter report was not audited, indicating a preliminary financial status[22]