广安爱众(600979) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 744,337,640.17, representing a year-on-year increase of 4.80% compared to CNY 710,225,969.40 in the same period last year[4]. - Net profit attributable to shareholders decreased by 20.77% to CNY 22,507,122.59 from CNY 28,407,490.65 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 36.44% to CNY 14,271,625.44, primarily due to a decrease in hydropower generation by 29.41 million kWh caused by reduced upstream water flow[4][7]. - Basic and diluted earnings per share were both CNY 0.0178, down 22.94% from CNY 0.0231 in the previous year[4]. - Total operating costs increased to ¥708.69 million from ¥663.87 million, representing an increase of approximately 6.0% year-over-year[21]. - Net profit for the period was ¥22.17 million, down from ¥24.89 million, a decrease of about 10.9% year-over-year[22]. - The company's basic and diluted earnings per share decreased to ¥0.0178 from ¥0.0231, reflecting a decline of approximately 23.0%[22]. - The company's revenue for the first quarter of 2025 was ¥2,079,482.24, a significant decrease from ¥27,524,104.95 in the first quarter of 2024[32]. - The net profit for the first quarter of 2025 was a loss of ¥10,372,088.95, slightly improved from a loss of ¥10,594,283.69 in the first quarter of 2024[32]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 82.04% to CNY 23,750,390.45, mainly due to increased payments for materials and electricity[4][7]. - Cash flow from operating activities generated a net cash inflow of ¥23.75 million, significantly lower than the previous year's ¥132.24 million, a decrease of about 82.1%[25]. - Cash flow from investing activities resulted in a net outflow of ¥39.50 million, compared to a net outflow of ¥153.13 million in the previous year, showing an improvement[26]. - Cash flow from financing activities generated a net inflow of ¥69.54 million, down from ¥87.46 million, a decrease of approximately 20.5% year-over-year[26]. - The total cash and cash equivalents at the end of the period stood at ¥624.51 million, down from ¥704.56 million, a decrease of about 11.4%[26]. - The company's cash and cash equivalents increased to ¥396,157,964.03 as of March 31, 2025, compared to ¥307,854,228.49 on December 31, 2024, marking an increase of approximately 28.6%[28]. - The net increase in cash and cash equivalents was $73.60 million, compared to $82.90 million previously[35]. - The ending balance of cash and cash equivalents stood at $466.05 million, down from $504.44 million[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,475,024,883.03, a slight increase of 0.81% from CNY 11,383,215,736.10 at the end of the previous year[5]. - The total liabilities amounted to CNY 6.6689 billion as of March 31, 2025, compared to CNY 6.6063 billion at the end of 2024[17]. - The company's inventory increased to CNY 190.2436 million as of March 31, 2025, from CNY 115.1058 million at the end of 2024[15]. - The long-term borrowings rose to CNY 2.2965 billion as of March 31, 2025, compared to CNY 2.0504 billion at the end of 2024[17]. - The company's total current assets increased to ¥2,594,378,971.79 as of March 31, 2025, up from ¥2,392,743,458.67 on December 31, 2024, representing an increase of approximately 8.4%[29]. - The total liabilities decreased to ¥3,086,651,767.11 as of March 31, 2025, compared to ¥3,404,886,771.81 on December 31, 2024, reflecting a reduction of about 9.3%[30]. - The total non-current assets decreased to ¥4,311,531,871.20 as of March 31, 2025, down from ¥4,838,682,256.53 on December 31, 2024, representing a decline of about 10.9%[29]. - The company's long-term borrowings increased to ¥1,628,750,241.34 as of March 31, 2025, compared to ¥1,417,081,611.11 on December 31, 2024, indicating an increase of approximately 14.9%[30]. - The total owner's equity slightly decreased to ¥3,819,259,075.88 as of March 31, 2025, from ¥3,826,538,943.39 on December 31, 2024, reflecting a decrease of about 0.2%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,319[8]. - The largest shareholder, Sichuan Aizhong Development Group Co., Ltd., held 19.8% of the shares, totaling 249,808,008 shares[10]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[12]. - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[35]. Other Financial Metrics - The company recognized non-recurring gains of CNY 8,235,497.15, which included government subsidies and other non-operating income[6][7]. - The company reported an investment loss of ¥2.63 million, an improvement from a loss of ¥3.68 million in the previous year[21]. - The company's sales revenue from goods and services received cash of ¥870.22 million, slightly down from ¥883.39 million, a decrease of about 1.3% year-over-year[25]. - The company's tax expenses decreased to ¥13.17 million from ¥15.12 million, a reduction of approximately 12.9% year-over-year[21]. - The company reported a significant increase in interest income to ¥24,802,835.10 in the first quarter of 2025, compared to ¥778,864.28 in the same period of 2024, representing a growth of approximately 3081.5%[32].