新天绿能(600956) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥6,910,854,202.78, a decrease of 12.60% compared to ¥7,906,827,273.59 in the same period last year[4] - Net profit attributable to shareholders increased by 14.71% to ¥954,491,421.38 from ¥832,099,109.39 year-on-year[4] - Net profit for Q1 2025 reached ¥1,130,798,886.99, representing an increase of 12.2% from ¥1,007,461,018.33 in Q1 2024[22] - Basic and diluted earnings per share rose by 15.00% to ¥0.23 from ¥0.20 in the same period last year[5] - Earnings per share for Q1 2025 was ¥0.23, up from ¥0.20 in Q1 2024[22] Cash Flow - The net cash flow from operating activities surged by 131.45% to ¥2,246,627,833.40, compared to ¥970,684,493.67 in the previous year[4] - Cash and cash equivalents at the end of Q1 2025 totaled ¥4,571,869,989.48, compared to ¥3,355,176,723.95 at the end of Q1 2024[27] - The cash flow from operating activities for the first quarter of 2025 was CNY 388,710,698.85, slightly higher than CNY 382,615,785.28 in the first quarter of 2024[37] - The company experienced a net decrease in cash and cash equivalents of -52,515,971.52, compared to a decrease of -646,620,241.16 in the previous period[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥86,183,887,415.37, reflecting a 2.58% increase from ¥84,016,482,012.66 at the end of the previous year[5] - The total liabilities as of March 31, 2025, were RMB 57.54 billion, compared to RMB 56.90 billion at the end of 2024, indicating a rise of about 1.13%[17] - The company's total liabilities as of March 31, 2025, were CNY 3,600,142,347.00, compared to CNY 3,598,357,543.13 at the end of 2024[31] Shareholder Information - The total number of shareholders as of March 31, 2025, was 43,628, with 42,490 A-share shareholders and 1,138 H-share shareholders[9] - The top shareholder, Hebei Construction Investment Group Co., Ltd., holds 48.95% of the shares, totaling 2,058,841,253 shares[10] Equity and Retained Earnings - Shareholders' equity attributable to the parent company increased by 4.51% to ¥22,671,686,328.50 from ¥21,693,349,600.74[5] - The total equity attributable to shareholders increased to RMB 22.67 billion from RMB 21.69 billion, showing a growth of approximately 4.53%[17] - The company's retained earnings rose to RMB 10.49 billion from RMB 9.54 billion, reflecting an increase of about 9.95%[17] Research and Development - The company reported a decrease in research and development expenses to ¥51,005,868.08 in Q1 2025 from ¥70,901,010.67 in Q1 2024, a reduction of 28.3%[21] - Research and development expenses for the first quarter of 2025 were CNY 6,091,529.80, a decrease from CNY 6,989,352.46 in the first quarter of 2024[33] Government Subsidies - The company recognized government subsidies related to normal business operations amounting to ¥136,033,280.24, classified as recurring gains[8] Investment Activities - Investment activities generated a net cash outflow of ¥1,589,562,903.71 in Q1 2025, compared to a net outflow of ¥1,031,124,289.73 in Q1 2024[27] - The company reported investment income of CNY 40,071,297.44 in the first quarter of 2025, up from CNY 22,676,734.07 in the same period last year[33] Accounting Standards - The company will not apply new accounting standards starting from 2025, maintaining its current reporting practices[38]