中远海能(600026) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,753,004,599.20, a decrease of 4.01% compared to CNY 5,837,973,993.47 in the same period last year[4] - Net profit attributable to shareholders decreased by 43.31% to CNY 707,702,522.84 from CNY 1,235,674,062.54 year-on-year[4] - Basic earnings per share fell by 43.33% to CNY 0.1483 from CNY 0.2590 in the previous year[5] - The net cash flow from operating activities was CNY 1,028,994,836.35, down 29.96% from CNY 1,426,295,384.68 in the same period last year[4] - The company reported a total comprehensive income of RMB 698,090,302.58 for Q1 2025, down from RMB 1,504,578,165.39 in Q1 2024[21] - The company’s total operating profit for Q1 2025 was RMB 974,437,520.37, a decrease of 38.14% from RMB 1,575,160,420.28 in Q1 2024[20] - Net profit for Q1 2025 was RMB 801,240,569.00, down 40.36% from RMB 1,343,295,671.04 in Q1 2024[21] - Earnings per share for Q1 2025 was RMB 0.1483, compared to RMB 0.2617 in Q1 2024, reflecting a decline of 43.25%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 81,746,381,969.46, reflecting a slight increase of 0.87% from CNY 81,042,317,159.52 at the end of the previous year[5] - The total assets as of March 31, 2025, amounted to RMB 81.75 billion, compared to RMB 81.04 billion as of December 31, 2024[18] - The total liabilities as of March 31, 2025, were RMB 41.81 billion, slightly down from RMB 42.06 billion at the end of 2024[18] - The company's long-term equity investments increased to RMB 13.17 billion as of March 31, 2025, compared to RMB 12.56 billion at the end of 2024[17] - The company's retained earnings rose to RMB 15.93 billion as of March 31, 2025, up from RMB 15.22 billion at the end of 2024[18] Cash Flow - Cash flow from operating activities for Q1 2025 was RMB 1,028,994,836.35, down 30.00% from RMB 1,469,134,552.85 in Q1 2024[23] - Cash flow from investing activities showed a net outflow of RMB 729,550,710.71 in Q1 2025, compared to a net outflow of RMB 2,327,695,808.10 in Q1 2024[24] - Cash flow from financing activities resulted in a net outflow of RMB 752,673,142.09 in Q1 2025, compared to a net outflow of RMB 1,191,265,882.71 in Q1 2024[24] - The company's cash and cash equivalents decreased to RMB 5.21 billion from RMB 5.66 billion at the end of 2024[16] - The company’s cash and cash equivalents at the end of Q1 2025 were RMB 5,211,527,756.86, compared to RMB 3,727,628,356.49 at the end of Q1 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,927[9] - The largest shareholder, China Shipping Group Co., Ltd., holds 1,536,924,595 shares, accounting for 32.22% of the total shares[10] Operational Highlights - The company completed the acquisition of equity in a chemical supply chain-related enterprise in 2024, leading to retrospective adjustments in the Q1 2024 report[5] - In Q1 2025, the average daily earnings for VLCC TD3C (Middle East to China) were $39,404, which is higher than the average level over the past seven years but decreased by approximately 10% compared to Q1 2024[12] - The group's tanker capacity input increased by 16.3% year-on-year to 234,555 million ton-days, while the transportation volume (excluding time charter) rose by 13.8% to 47.91 million tons[13] - The LNG transportation business contributed a net profit of RMB 200 million in Q1 2025, representing a 58.7% increase quarter-on-quarter and a 12.3% increase year-on-year[14] - The oil tanker segment achieved operating revenue of RMB 4.97 billion in Q1 2025, a year-on-year decrease of 5.6%[13] - The gross profit margin for the oil tanker segment was approximately 17.5%, down 12.6 percentage points year-on-year[13]