COSL(601808)2025-04-23 09:55Financial Performance - The company's operating revenue for Q1 2025 was RMB 10,797.5 million, representing a 6.4% increase compared to RMB 10,148.0 million in the same period last year[2]. - The net profit attributable to shareholders was RMB 887.2 million, a significant increase of 39.6% from RMB 635.5 million year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 960.2 million, up 46.4% from RMB 655.7 million in the previous year[2]. - The basic earnings per share increased to RMB 0.19, reflecting a 46.2% rise from RMB 0.13 in the same quarter last year[2]. - The total profit for the same period was RMB 1,129.2 million, with a year-on-year growth of 20.1%[11]. - Net profit reached RMB 936.7 million, reflecting a year-on-year increase of 35.6%[11]. - Total operating revenue for Q1 2025 reached CNY 10,797,543,330, an increase of 6.4% compared to CNY 10,147,976,009 in Q1 2024[20]. - Net profit for Q1 2025 was CNY 936,709,221, up 35.6% from CNY 690,643,205 in Q1 2024[20]. - The total comprehensive income for Q1 2025 was CNY 927,917,809, compared to CNY 698,147,125 in Q1 2024, reflecting a growth of 32.9%[20]. Asset and Equity - The total assets at the end of the reporting period were RMB 83,377.9 million, a slight increase of 0.5% from RMB 82,947.7 million at the end of the previous year[3]. - The equity attributable to shareholders rose to RMB 44,706.9 million, marking a 2.1% increase from RMB 43,797.2 million at the end of the last year[3]. - Total assets amounted to CNY 83,377,931,592, slightly up from CNY 82,947,662,938 at the end of 2024[17]. - The company reported a decrease in total liabilities to CNY 38,006,961,054 from CNY 38,523,127,034, a reduction of 1.3%[17]. - The company's cash and cash equivalents increased to CNY 7,870,284,462 from CNY 5,974,129,777, representing a growth of 31.7%[16]. - Accounts receivable rose to CNY 18,095,848,147, a 28.7% increase from CNY 14,062,653,396 as of December 31, 2024[16]. - The company’s inventory increased to CNY 2,584,923,102, up 12.6% from CNY 2,296,494,268[16]. - The company’s short-term borrowings remained stable at CNY 2,512,370,000, slightly down from CNY 2,515,940,000[17]. Cash Flow - The net cash flow from operating activities was a negative RMB 2,288.2 million, compared to a negative RMB 835.0 million in the same period last year, primarily due to sales and service receipts not reaching the settlement period[5]. - Cash inflow from operating activities decreased to CNY 7,533,130,348 from CNY 8,590,381,976 year-over-year[21]. - Cash flow from sales of goods and services was CNY 7,473,927,999, down from CNY 8,562,987,965 year-over-year[21]. - Cash inflow from investment activities significantly increased to CNY 5,607,400,795 from CNY 3,230,193,901 year-over-year[21]. - Net cash flow from investment activities improved to CNY 4,348,899,049 from CNY -333,915,883 year-over-year[21]. - Total cash outflow from financing activities decreased to CNY 249,831,869 from CNY 922,579,343 year-over-year[21]. - Cash and cash equivalents at the end of the period rose to CNY 7,225,765,941 from CNY 3,881,974,138 year-over-year[22]. Operational Metrics - The number of drilling days increased to 4,889 days, up 11.4% from the previous year[12]. - The utilization rate for self-elevating drilling platforms improved to 91.2%, an increase of 11.0 percentage points year-on-year[13]. - The company's vessel service operations totaled 20,621 days, marking a significant increase of 44.9% year-on-year[14]. - The number of operational self-elevating drilling platforms was 3,833 days, with a year-on-year increase of 12.1%[12]. - The company reported a 31.0% increase in underwater cable operations, totaling 152 square kilometers[12]. Research and Development - Research and development expenses for Q1 2025 were CNY 264,372,602, down 21% from CNY 334,360,621 in Q1 2024[20]. - The company aims to enhance its core technology capabilities and promote the application of research results to support long-term growth[14]. Environmental Impact - The LNG-powered guard vessels operated for 1,065 days, contributing to a reduction of approximately 12,000 tons of carbon emissions annually[14]. Government Subsidies - The company received government subsidies amounting to RMB 8,874,300, which are closely related to its normal business operations[4]. - The company received government subsidies of CNY 2,648,217 in the first quarter of 2025[21].