ZCE(SH:600121) Sou Hu Cai Jing·2025-08-25 10:31Core Viewpoint - Zhengzhou Coal Electricity Co., Ltd. has experienced a decline in revenue and net profit in the latest quarterly report, indicating potential challenges in its financial performance [1][2]. Financial Performance - As of the first quarter of 2025, the company reported total operating revenue of 9.67 billion RMB, a year-on-year decrease of 15.05% [1]. - The net profit attributable to shareholders was 602.01 million RMB, down 277.98% year-on-year [1]. - The non-recurring net profit was 649.68 million RMB, reflecting a year-on-year decrease of 298.81% [1]. - The current ratio was 0.462, and the quick ratio was 0.453, indicating liquidity concerns [1]. - The debt-to-asset ratio stood at 77.87%, suggesting a high level of leverage [1]. Stock Performance - As of August 25, 2025, the stock price closed at 4.17 RMB, with an increase of 0.97% [1]. - The turnover rate was 3.47%, with a trading volume of 422,600 hands and a transaction amount of 176 million RMB [1]. - There was a net outflow of main funds amounting to 10.49 million RMB, accounting for 5.97% of the transaction amount [1]. Company Overview - Zhengzhou Coal Electricity Co., Ltd. was established in 1997 and is primarily engaged in the production and supply of electricity and heat [2]. - The company has a registered capital of 12.18 billion RMB and a paid-in capital of 2.2 billion RMB [1]. - The legal representative of the company is Yu Lefeng [1]. Investment Activities - The company has made investments in 19 enterprises and participated in 973 bidding projects [2]. - It holds 18 patents and has obtained 15 administrative licenses [2].