首创环保(600008) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 4,241,699,419.57, a decrease of 2.66% compared to CNY 4,352,911,026.22 in the same period last year[3]. - Net profit attributable to shareholders increased by 9.45% to CNY 399,052,438.39 from CNY 361,525,504.13 year-on-year[3]. - Basic and diluted earnings per share rose by 9.46% to CNY 0.0544 from CNY 0.0493 in the same period last year[3]. - Total operating revenue for Q1 2025 was CNY 4,241,699,419.57, a decrease of 2.65% compared to CNY 4,357,479,023.95 in Q1 2024[23]. - Net profit for Q1 2025 increased to CNY 532,721,568.53, up 10.77% from CNY 480,899,754.78 in Q1 2024[24]. - Earnings per share for Q1 2025 was CNY 0.0544, compared to CNY 0.0497 in Q1 2024, reflecting a growth of 14.93%[25]. - The company reported a financial expense of CNY 344,295,873.62 in Q1 2025, down from CNY 394,090,246.76 in Q1 2024, a reduction of 12.63%[23]. - Investment losses for Q1 2025 were CNY -7,188,773.49, slightly improved from CNY -7,328,020.00 in Q1 2024[24]. - Other comprehensive income after tax for Q1 2025 was CNY 310,490.17, compared to a loss of CNY -20,542,240.22 in Q1 2024[24]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 494.92% to CNY 386,985,758.92, compared to CNY 65,318,343.61 in the previous year[3]. - In Q1 2025, the net cash flow from operating activities was ¥386,985,758.92, a significant increase from ¥65,048,021.75 in Q1 2024, reflecting improved operational efficiency[28]. - Total cash inflow from investment activities in Q1 2025 was ¥862,825,572.46, compared to only ¥30,452,970.80 in Q1 2024, indicating a strong recovery in investment returns[29]. - The net cash flow from financing activities in Q1 2025 was ¥63,646,275.38, a decrease from ¥2,172,020,147.64 in Q1 2024, suggesting a tighter financing environment[29]. - The company's cash and cash equivalents at the end of Q1 2025 stood at ¥5,588,117,497.61, up from ¥5,347,938,812.16 in Q1 2024, showing a positive liquidity position[30]. - Cash and cash equivalents decreased to CNY 6.10 billion from CNY 6.42 billion, reflecting a decline of approximately 4.9%[17]. - The company's cash inflow from sales of goods and services in Q1 2025 was ¥3,503,424,873.67, slightly down from ¥3,553,186,928.19 in Q1 2024, reflecting a minor decline in revenue generation[28]. - The cash outflow for purchasing goods and services in Q1 2025 was ¥1,965,509,365.50, down from ¥2,347,598,299.47 in Q1 2024, indicating cost control measures[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 110,912,592,359.34, a slight decrease of 0.24% from CNY 111,183,026,215.34 at the end of the previous year[3]. - The total assets as of March 31, 2025, were ¥52,309,227,228.67, a slight decrease from ¥52,745,269,842.84 at the end of 2024, indicating a need for asset management[32]. - Total liabilities as of the end of the reporting period were CNY 72,654,059,750.40, an increase from CNY 72,018,368,707.05[20]. - The total liabilities increased to CNY 32.14 billion, compared to CNY 31.50 billion in the previous period, indicating a growth of about 2%[17]. - The company's total debt was CNY 26,049,719,120.74, an increase from CNY 25,075,422,632.91 year-over-year[34]. - The total equity decreased to CNY 38,258,532,608.94 from CNY 39,164,657,508.29, indicating a decline of 2.31%[20]. - The company's equity attributable to shareholders decreased by 3.40% to CNY 29,736,667,748.15 from CNY 30,784,081,491.98[4]. - The total equity decreased to CNY 26,259,508,107.93 from CNY 27,669,847,209.93, reflecting a decline of 5.1%[34]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Beijing Xindadu Industrial Co., Ltd. in December 2024, which is a subsidiary of its parent company[5]. - The company reported a decrease in inventory, which fell to CNY 968.25 million from CNY 1.04 billion, a decline of about 7.2%[17]. - Long-term equity investments slightly decreased to CNY 1.61 billion from CNY 1.63 billion, a reduction of approximately 2.6%[18]. - The company's long-term equity investments decreased to ¥29,568,714,694.41 as of March 31, 2025, from ¥29,847,785,467.97 at the end of 2024, suggesting a potential divestment strategy[32]. - The cash inflow from other investment activities surged to ¥819,221,585.34 in Q1 2025, compared to ¥23,770,798.20 in Q1 2024, highlighting a strategic shift towards more profitable investments[29]. Research and Development - The company incurred research and development expenses of CNY 3,898,452.39 in Q1 2025, down from CNY 7,035,488.19 in Q1 2024, a decrease of 44.5%[37].