TYGF(SH:600506)2025-04-29 14:28Financial Performance - The company's operating revenue for Q1 2025 was CNY 746,547,290.21, a decrease of 1.28% compared to CNY 756,230,175.03 in the same period last year[3] - Net profit attributable to shareholders increased by 4.81% to CNY 41,358,153.02 from CNY 39,459,366.93 year-on-year[3] - Basic earnings per share increased by 4.82% to CNY 0.2154 from CNY 0.2055 in the same period last year[4] - The net profit for the first quarter of 2025 was CNY 41,358,153.02, up from CNY 39,459,366.93 in the same period of 2024, representing a growth of approximately 4.8%[16] - The company's total operating costs for Q1 2025 were CNY 698,144,668.05, down from CNY 713,425,346.96 in Q1 2024, reflecting a decrease of approximately 2.1%[18] Cash Flow - The net cash flow from operating activities rose significantly by 48.84% to CNY 225,287,957.80, compared to CNY 151,363,662.37 in the previous year[3] - In Q1 2025, the net cash flow from operating activities was CNY 225,287,957.80, an increase of 48.8% compared to CNY 151,363,662.37 in Q1 2024[19] - Cash inflow from operating activities totaled CNY 708,144,402.08, slightly down by 0.3% from CNY 711,296,720.33 in the previous year[19] - Cash outflow for purchasing goods and services was CNY 336,536,231.25, a decrease of 24.6% from CNY 446,475,835.52 in Q1 2024[19] - The company reported a net cash flow from investing activities of -CNY 51,379,580.34, worsening from -CNY 6,103,975.96 in the same quarter last year[20] - Cash inflow from financing activities was CNY 72,729,668.73, up by 32.4% from CNY 54,944,062.50 in Q1 2024[20] - The net cash flow from financing activities was -CNY 43,640,705.36, an improvement from -CNY 134,292,097.44 in Q1 2024[20] - The ending cash and cash equivalents balance increased to CNY 323,405,709.73, compared to CNY 291,282,762.30 at the end of Q1 2024[20] - The company received CNY 35,000,000.00 from investment recoveries, with no such cash inflow reported in Q1 2024[20] - Total cash inflow from operating activities was impacted by a decrease in tax refunds received, which fell to CNY 200,000.00 from CNY 2,310,802.32 in the previous year[19] - The company paid CNY 82,153,414.36 to employees, an increase of 18.2% compared to CNY 69,511,781.97 in Q1 2024[19] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,273,670,980.65, reflecting a growth of 16.31% from CNY 1,954,820,590.53 at the end of the previous year[4] - The company's total assets amounted to CNY 2,273,670,980.65, an increase from CNY 1,954,820,590.53 as of December 31, 2024, reflecting a growth of approximately 16.3%[14] - The company's total liabilities as of March 31, 2025, were CNY 1,788,581,292.64, compared to CNY 1,511,089,055.54 at the end of 2024, indicating an increase of about 18.4%[15] Shareholder Information - The company reported a total of 35,222 common shareholders at the end of the reporting period[9] - The top three shareholders include Shenzhen Jianxin Investment Development Co., Ltd. with 23.08% ownership, China Cinda Asset Management Co., Ltd. with 9.37%, and Xinjiang Rongsheng Investment Co., Ltd. with 9.00%[9] - The company is in the process of transferring 51% equity of Changyuan Water to China Water Investment Group, which indirectly involves the transfer of 17,286,227 shares, accounting for 9.00% of the total share capital[11] - If the transfer is completed, China Cinda will hold a total of 62,303,849 shares, representing 32.45% of the company's total share capital[12] Retained Earnings - The company’s retained earnings improved to -CNY 223,756,020.45 as of March 31, 2025, from -CNY 265,114,173.47 at the end of 2024, indicating a reduction in accumulated losses[16]