CGN POWER(003816)2025-04-23 12:10Financial Performance - The company's operating revenue for Q1 2025 was approximately RMB 20.03 billion, representing a 4.41% increase compared to RMB 19.18 billion in the same period last year[5]. - The net profit attributable to shareholders for Q1 2025 was approximately RMB 3.03 billion, a decrease of 16.07% from RMB 3.60 billion in the previous year[5]. - The company reported a total profit of approximately RMB 5.86 billion for Q1 2025, a decrease of 7.63% from the previous year[9]. - The company's operating profit decreased to ¥5,856,509,510.14 from ¥6,334,361,764.36, representing a decline of approximately 7.5% year-over-year[26]. - Net profit attributable to the parent company was ¥3,025,561,686.06, down from ¥3,604,826,497.60, reflecting a decrease of about 16%[26]. - The total comprehensive income for the period was ¥4,663,375,614.92, compared to ¥5,374,564,650.25 in the previous period, indicating a decline of approximately 13.2%[26]. - The basic and diluted earnings per share decreased to ¥0.060 from ¥0.071, reflecting a decline of approximately 15.5%[26]. - The company reported a decrease in sales revenue from cash received for goods sold and services provided, totaling ¥20,931,365,623.20, down from ¥22,841,771,292.00, a decline of about 8.4%[28]. Cash Flow and Investments - The cash flow from operating activities for Q1 2025 was approximately RMB 1.96 billion, down 64.88% from RMB 5.58 billion in the same period last year[5]. - Operating cash flow decreased by 64.88% to CNY 196,115.71 million compared to CNY 558,411.56 million in the same period last year, primarily due to reduced cash income from construction and installation business[16]. - Cash flow from operating activities generated a net amount of ¥1,961,157,081.92, significantly lower than ¥5,584,115,647.60 from the previous year, a decrease of about 64.8%[28]. - Cash flow from investing activities resulted in a net outflow of ¥4,887,166,265.63, worsening from a net outflow of ¥2,495,523,735.14 in the prior period[28]. - Cash flow from financing activities showed a net inflow of ¥5,059,168,081.68, an increase from ¥1,487,886,096.98 year-over-year[29]. - The company’s short-term borrowings increased by 54.80% to RMB 26.73 billion, primarily due to operational and investment needs[11]. - Cash received from obtaining loans increased by 71.40% to CNY 3,597,251.31 million, compared to CNY 2,098,691.70 million, driven by the need for additional borrowing for operations and investments[16]. - Cash paid for fixed assets and other long-term assets increased by 53.15% to CNY 510,925.25 million, compared to CNY 333,621.32 million, mainly due to increased investment in ongoing nuclear power projects[16]. - Cash paid for investment activities decreased by 100% to CNY 0.00 million, reflecting a reduction in cash payments for investment projects[16]. Research and Development - Research and development expenses increased by 158.45% to RMB 292.49 million, primarily due to differences in R&D progress[13]. - Research and development expenses increased significantly to ¥292,488,890.41, compared to ¥113,170,439.66 in the previous period, reflecting a focus on innovation[25]. Assets and Liabilities - The company's total assets at the end of Q1 2025 were approximately RMB 432.40 billion, reflecting a 1.32% increase from RMB 425.40 billion at the end of the previous year[5]. - The total assets increased to ¥432,399,845,774.38 from ¥426,754,513,641.82, showing a growth of approximately 1.52%[24]. - The total liabilities increased to ¥258,072,117,186.71 from ¥253,240,175,036.67, reflecting a rise of about 1.54%[24]. - The equity attributable to shareholders of the parent company rose to ¥122,490,498,850.18 from ¥120,639,390,965.89, indicating a growth of 1.53%[24]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 239,940, with 58.89% held by China General Nuclear Power Corporation[17]. - The top ten shareholders collectively hold 99.09% of the shares, with the largest shareholder owning 29,736,876,375 shares[18]. - The board proposed a cash dividend of CNY 0.95 per 10 shares, pending approval at the 2024 annual general meeting, with expected distribution around July 3, 2025[20]. Operational Metrics - The total electricity generated by the company's nuclear power units was approximately 56.69 billion kWh, an increase of 9.41% year-on-year[9].