DEC(600875)2025-04-29 12:38Financial Performance - Total operating revenue for Q1 2025 reached ¥16.55 billion, a 9.93% increase compared to ¥15.05 billion in the same period last year[5] - Net profit attributable to shareholders was ¥1.15 billion, reflecting a 27.39% increase from ¥905.75 million year-on-year[5] - Basic earnings per share increased to ¥0.37, up 27.59% from ¥0.29 in the previous year[6] - Operating profit for Q1 2025 was ¥1.41 billion, up 24.92% from ¥1.13 billion in Q1 2024[24] - Net profit for Q1 2025 was ¥1.23 billion, representing a 24.66% increase compared to ¥985.39 million in Q1 2024[24] - The company reported a total comprehensive income of ¥1.23 billion for Q1 2025, compared to ¥970 million in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥148.83 billion, a 4.80% increase from ¥142.01 billion at the end of the previous year[6] - Total liabilities as of March 31, 2025, were RMB 93.026 billion, up from RMB 88.913 billion at the end of 2024, representing an increase of approximately 4.5%[18] - The total assets of the company reached RMB 148.829 billion as of March 31, 2025, compared to RMB 142.009 billion at the end of 2024, marking an increase of approximately 4.93%[18] - Total liabilities rose to ¥104.39 billion as of March 31, 2025, compared to ¥98.87 billion at the end of 2024, marking a 5.15% increase[19] Cash Flow - The net cash flow from operating activities was negative at -¥3.29 billion, a significant decrease from ¥1.24 billion in the same period last year, representing a change of -365.42%[5][10] - Cash flow from operating activities showed a net outflow of ¥3.29 billion in Q1 2025, contrasting with a net inflow of ¥1.24 billion in Q1 2024[26] - Cash flow from operating activities in Q1 2025 was negative at CNY -627,983,283.40, but improved from a larger negative cash flow of CNY -1,883,839,011.08 in Q1 2024[34] - The company generated CNY 1,800,379,153.86 in cash inflows from operating activities in Q1 2025, a significant increase from CNY 786,576,511.52 in Q1 2024[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,003, with the largest shareholder holding 55.79% of the shares[11] Research and Development - Research and development expenses increased to ¥706 million in Q1 2025, up 15.23% from ¥613 million in Q1 2024[21] - The company's R&D expenses in Q1 2025 were CNY 21,363,074.88, down from CNY 30,044,940.38 in Q1 2024, indicating a 29% reduction[31] Production and Orders - In Q1 2025, the company produced 17.9094 million kilowatts of power generation equipment, including 695,000 kilowatts from hydropower units, 1,390.3 million kilowatts from steam turbine units, and 331.14 million kilowatts from wind power units[14] - The company secured new effective orders worth RMB 35.881 billion in Q1 2025, with clean and efficient energy equipment accounting for 44.56%, renewable energy equipment for 26.84%, engineering and international supply chain industry for 10.43%, modern manufacturing services for 8.44%, and emerging growth industries for 9.73%[14] Equity - The company's total equity increased to ¥44.44 billion as of March 31, 2025, up from ¥43.14 billion at the end of 2024, reflecting a 3.02% growth[19] - The company’s total equity as of March 31, 2025, was CNY 25,237,448,234.91, slightly up from CNY 25,193,964,482.17 at the end of 2024[31] Borrowings - Long-term borrowings increased by 61.11% to ¥13.62 billion, primarily due to new loans obtained from external banks[9] - The company's long-term borrowings increased to RMB 3.492 billion as of March 31, 2025, compared to RMB 2.167 billion at the end of 2024, showing a significant rise of about 61.00%[18] Inventory and Accounts Receivable - The company's inventory stood at RMB 24.562 billion as of March 31, 2025, up from RMB 21.685 billion at the end of 2024, reflecting a growth of about 13.00%[17] - The company’s accounts receivable increased to RMB 13.617 billion as of March 31, 2025, compared to RMB 12.545 billion at the end of 2024, representing a growth of about 8.53%[17]