TGWC(600116)2025-04-24 13:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,271,372,253.80, a decrease of 7.92% compared to CNY 2,466,787,694.72 in the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 4,327,463.14, representing a decline of 136.44% from a profit of CNY 11,875,041.91 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.002, down 120.00% from CNY 0.01 in the same period last year[4] - The company reported a significant decrease in investment income from its associate company, which contributed to the decline in net profit[6] - The net profit for the first quarter of 2025 was -19,416,188.15 RMB, compared to -278,676.84 RMB in the same period of 2024, indicating a significant decline in profitability[14] - Operating profit for the first quarter of 2025 was -1,061,901.67 RMB, down from 19,747,308.63 RMB in the first quarter of 2024[14] - The company incurred a loss of 4,327,463.14 RMB attributable to shareholders of the parent company in Q1 2025, compared to a profit of 11,875,041.91 RMB in Q1 2024[15] Cash Flow and Liquidity - The net cash flow from operating activities increased to CNY 124,135,484.52, compared to a negative cash flow of CNY -321,105,380.59 in the previous year[4] - Cash flow from operating activities generated a net inflow of 124,135,484.52 RMB in Q1 2025, a recovery from -321,105,380.59 RMB in Q1 2024[16] - Cash and cash equivalents increased to CNY 1,797,676,138.64 as of March 31, 2025, up from CNY 1,685,393,573.08 at the end of 2024, representing a growth of 6.7%[10] - The cash and cash equivalents at the end of Q1 2025 amounted to 1,547,619,323.86 RMB, up from 1,452,756,464.87 RMB at the end of Q1 2024[16] - Cash flow from operating activities generated a net cash inflow of ¥391,122,503.03, an increase from ¥230,796,007.39 in Q1 2024[22] - Investment activities resulted in a net cash outflow of -371,276,109.11 RMB in Q1 2025, compared to -534,616,868.75 RMB in Q1 2024[16] - Investment activities generated a net cash inflow of ¥246,961,811.64 in Q1 2025, compared to a net outflow of ¥94,988,701.88 in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,371,606,934.86, an increase of 0.67% from CNY 25,201,527,976.12 at the end of the previous year[4] - Total current assets reached CNY 5,532,569,044.68, up from CNY 5,327,438,148.62, indicating a growth of 3.8%[11] - Total liabilities increased to CNY 14,131,100,908.49, compared to CNY 13,953,722,661.89 at the end of 2024, marking a rise of 1.3%[12] - Non-current liabilities rose to CNY 5,206,821,513.99, up from CNY 4,848,762,745.82, reflecting an increase of 7.4%[12] - The company's total assets amounted to CNY 25,371,606,934.86, compared to CNY 25,201,527,976.12 at the end of 2024, showing a growth of 0.7%[13] - The total assets as of March 31, 2025, were 15,217,085,213.09 RMB, slightly down from 15,787,659,446.15 RMB at the end of 2024[18] - Total liabilities decreased from ¥5,607,955,712.46 to ¥5,047,135,854.04, a reduction of approximately 9.9%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,832[7] - The largest shareholder, China Yangtze Power Co., Ltd., held 15.59% of the shares, totaling 298,085,146 shares[7] - The company's equity attributable to shareholders was CNY 11,033,454,602.63, slightly up from CNY 11,030,038,526.48 at the end of 2024[13] - The total equity decreased slightly from ¥10,179,703,733.69 to ¥10,169,949,359.05, a decline of about 0.1%[20] Operating Costs and Revenue - Total operating costs for Q1 2025 were CNY 2,271,415,654.97, down from CNY 2,479,494,384.24 in Q1 2024, reflecting a reduction of 8.4%[13] - Operating income for Q1 2025 was CNY 2,271,372,253.80, with a corresponding operating cost of CNY 2,102,548,526.26, resulting in a gross margin of approximately 7.4%[13] - Total revenue for Q1 2025 was CNY 2,271,372,253.80, a decrease of 7.9% compared to CNY 2,466,787,694.72 in Q1 2024[13] - Total revenue from sales and services received in Q1 2025 was 1,910,605,144.74 RMB, an increase of 7.3% from 1,762,724,646.01 RMB in Q1 2024[15] Financial Expenses - Financial expenses increased to ¥10,607,784.34 in Q1 2025 from ¥5,117,153.85 in Q1 2024, reflecting a rise of 107.5%[20] - The company incurred interest expenses of ¥22,138,723.21 in Q1 2025, down from ¥26,276,711.51 in Q1 2024[20]