Jereh Group(002353)2025-04-22 08:50Financial Performance - The company's operating revenue for Q1 2025 was ¥2,686,602,488.71, representing a 26.07% increase compared to ¥2,131,106,989.38 in the same period last year[5]. - Net profit attributable to shareholders was ¥465,678,469.29, up 24.04% from ¥375,421,080.49 year-on-year[5]. - Basic and diluted earnings per share increased by 24.32% to ¥0.46, compared to ¥0.37 in the same period last year[5]. - Operating profit amounted to ¥567,426,442.28, compared to ¥427,250,189.75 in the prior period, indicating a rise of about 33%[25]. - Net profit for the period was ¥477,877,656.18, up from ¥383,374,984.55, reflecting an increase of approximately 25%[25]. - The total comprehensive income amounted to approximately ¥545.67 million, up 54.3% from ¥353.74 million in the prior period[26]. - Operating cash flow generated was approximately ¥1.07 billion, significantly higher than ¥209.28 million in the previous period, reflecting a growth of 410.5%[28]. - The company reported cash inflows from operating activities totaling approximately ¥4.50 billion, compared to ¥2.97 billion in the previous period, marking a growth of 51.0%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥37,303,903,436.95, a 4.51% increase from ¥35,695,116,715.45 at the end of the previous year[5]. - Total current assets increased to ¥27,279,924,385.29 from ¥25,616,017,190.13, marking a growth of about 6.5%[22]. - Total liabilities rose to ¥14,726,258,822.30, compared to ¥13,692,984,573.67, which is an increase of approximately 7.5%[23]. - The company's cash and cash equivalents stood at ¥6,816,639,965.88, up from ¥5,923,929,571.73, showing an increase of about 15%[22]. - Long-term borrowings rose to ¥2,843,976,087.76 from ¥2,608,271,245.50, indicating an increase of approximately 9%[23]. Cash Flow - The net cash flow from operating activities surged by 409.68% to ¥1,066,678,006.68, compared to ¥209,283,472.12 in the previous year[5][13]. - Cash inflow from investment activities increased by 54.38%, while cash outflow from investment activities rose by 122.87%, leading to a net cash outflow decrease of ¥640 million[13]. - The net cash flow from investing activities was negative at approximately -¥612.64 million, a decline from a positive cash flow of ¥31.58 million in the previous period[28]. - The net cash flow from financing activities was approximately ¥372.84 million, down from ¥578.35 million in the previous period, indicating a decrease of 35.5%[29]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 31,657[16]. - The top three shareholders, Sun Weijie, Wang Kunxiao, and Liu Zhenfeng, hold 18.97%, 13.00%, and 10.68% of the shares respectively[16]. - The company is actively promoting a stock repurchase plan proposed by the chairman to enhance shareholder value and investor confidence[18]. - The chairman and president plan to increase their holdings in the company by investing between 7 million to 9 million RMB, having already purchased 203,600 shares for a total of 7.1683 million RMB as of March 19, 2025[18]. - The controlling shareholders plan to increase their holdings in the company with a total investment of 50 million to 70 million RMB, having already acquired 51,700 shares for 1.4972 million RMB as of April 16, 2025[19]. - The company plans to disclose further information regarding the stock repurchase as progress is made[18]. Operational Highlights - Operating costs increased by 34.02% year-on-year, primarily due to the growth in business scale[10]. - The company experienced a 51.53% increase in tax and additional fees, attributed to the growth in business scale[14]. - The company received a project award letter for the digital transformation EPC project in the Bab, Bu Hasa, and South East blocks, with an estimated total amount of $920 million (approximately 6.555 billion RMB) excluding VAT[17]. - The company’s full subsidiary, Jereh Oil & Gas Engineering Corporation–Abu Dhabi, is involved in significant project contracts that may impact future revenue[17].