通源环境(688679) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 268,671,799.03, a slight increase of 0.03% compared to CNY 268,602,288.80 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 2,576,335.17, an improvement from a loss of CNY 2,866,612.04 in the previous year[4] - The weighted average return on equity was -0.23%, slightly improved from -0.25% in the same period last year[4] - Net loss for Q1 2025 was CNY 4.10 million, compared to a net loss of CNY 4.25 million in Q1 2024, indicating an improvement of 3.4%[20] - The company reported a basic and diluted earnings per share of CNY -0.02 for Q1 2025, unchanged from Q1 2024[21] Cash Flow - The net cash flow from operating activities was CNY 13,796,315.26, a significant recovery from a negative cash flow of CNY 23,805,595.43 in the same period last year[4] - Cash inflow from operating activities in Q1 2025 was CNY 529.98 million, up from CNY 427.83 million in Q1 2024, marking an increase of 23.9%[23] - Cash flow from investing activities showed a net outflow of -3,919,879.92, compared to -51,445,502.64 previously, indicating a reduction in investment losses[24] - Cash flow from financing activities resulted in a net inflow of 50,689,971.12, slightly down from 53,094,758.37 in the prior period[25] - The company reported a net increase in cash and cash equivalents of 60,566,406.46, contrasting with a decrease of -22,156,339.70 in the prior period[25] Assets and Liabilities - Total assets decreased by 5.09% to CNY 2,934,431,891.34 from CNY 3,091,938,697.12 at the end of the previous year[6] - Total current assets decreased from 2,194,562,943.78 to 2,044,064,891.23, a decline of approximately 6.83%[15] - Total liabilities decreased to CNY 1.79 billion in the latest report from CNY 1.94 billion previously, a reduction of approximately 7.8%[17] - The company's total equity stood at CNY 1.15 billion, slightly down from CNY 1.15 billion in the previous period, a decrease of 0.6%[17] Research and Development - Research and development expenses totaled CNY 9,692,782.24, representing 3.61% of operating revenue, an increase of 0.46 percentage points from 3.15% in the previous year[6] - Research and development expenses for Q1 2025 were CNY 9.69 million, compared to CNY 8.47 million in Q1 2024, showing a growth of 14.4%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,579[11] - The largest shareholder, Yang Ming, holds 59,385,600 shares, representing 45.10% of total shares[11] Inventory and Receivables - Accounts receivable financing increased by 282.46%, primarily due to an increase in bank acceptance bills held during the period[9] - Prepayments rose by 144.43%, mainly due to increased advance payments for materials in certain projects[9] - Inventory decreased by 31.97%, attributed to the acceptance of certain projects during the period[9] - Accounts receivable decreased from 1,395,447,964.13 to 1,166,414,861.28, a reduction of approximately 16.38%[15] - Inventory decreased from 73,961,590.85 to 50,318,318.33, a decline of about 31.96%[15] Government Support and Expenses - The company received government subsidies amounting to CNY 230,788.30, which are closely related to its normal operations[7] - Financial expenses for Q1 2025 were CNY 3.33 million, an increase from CNY 1.92 million in Q1 2024, representing a rise of 73.6%[20] - Cash paid for employee compensation was 44,018,625.90, up from 37,233,275.53, reflecting increased workforce costs[24] - Cash paid for taxes increased to 15,362,082.17 from 11,169,589.61, indicating higher tax obligations[24] Other Information - The company has no significant new product or technology developments reported in the conference call[12] - There are no changes in the shareholding structure or significant mergers and acquisitions reported during the period[12] - Total operating costs for Q1 2025 increased to CNY 276.98 million from CNY 264.25 million in Q1 2024, reflecting a rise of 4.3%[19] - The total cash outflow for purchasing goods and services in Q1 2025 was CNY 419.25 million, compared to CNY 356.85 million in Q1 2024, an increase of 17.4%[23] - Cash inflow from investment activities totaled 50,087,657.41, a significant increase from 14,385.81 in the previous period[24] - Cash outflow for the acquisition of fixed assets was 4,007,537.33, down from 8,209,888.45, suggesting a reduction in capital expenditures[24]