GDPD(600795)2025-04-25 08:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 39.81 billion, a decrease of 12.61% compared to CNY 45.56 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 1.81 billion, reflecting a slight increase of 1.45% from CNY 1.78 billion year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1.61 billion, down 7.42% from CNY 1.74 billion in the previous year[4] - Net profit for Q1 2025 was CNY 3.21 billion, a decline of 7.2% from CNY 3.46 billion in Q1 2024[18] - The company's net profit attributable to the parent company is expected to be impacted by a decrease of RMB 25 million due to the bankruptcy proceedings of Guodian Shouxian Wind Power Co., Ltd.[11] Cash Flow - Cash flow from operating activities increased significantly by 92.79% to CNY 14.03 billion, compared to CNY 7.28 billion in the same period last year[4] - In Q1 2025, the net cash flow from operating activities was CNY 14,025,791,016.23, a significant increase from CNY 7,275,245,165.00 in Q1 2024, representing a growth of 92.5%[21] - The total cash inflow from operating activities in Q1 2025 was CNY 50,751,079,893.08, compared to CNY 56,365,441,009.52 in Q1 2024, indicating a decrease of 10.1%[21] - The cash outflow from operating activities in Q1 2025 was CNY 36,725,288,876.85, down from CNY 49,090,195,844.52 in Q1 2024, reflecting a reduction of 25.2%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 500.28 billion, up 1.28% from CNY 493.94 billion at the end of the previous year[5] - The company’s total assets as of March 31, 2025, amounted to RMB 500.28 billion, an increase from RMB 493.94 billion as of December 31, 2024[14] - The company’s current assets decreased to RMB 58.76 billion from RMB 62.80 billion over the same period[14] - The company’s total liabilities increased to CNY 58.76 billion from RMB 62.80 billion, indicating a rise in financial obligations[14] - Total liabilities increased to CNY 365.45 billion in Q1 2025 from CNY 362.57 billion in Q1 2024[16] Shareholder Equity - Shareholder equity attributable to shareholders increased by 3.34% to CNY 57.90 billion from CNY 56.03 billion year-on-year[5] - Total equity attributable to shareholders rose to CNY 57.90 billion in Q1 2025, compared to CNY 56.03 billion in Q1 2024[16] Investment and Expenses - Research and development expenses for Q1 2025 were CNY 70.86 million, down from CNY 86.50 million in Q1 2024[17] - Investment income for Q1 2025 was CNY 596.66 million, a decrease from CNY 774.68 million in Q1 2024[18] - The company reported a non-recurring gain of CNY 202.95 million, primarily from the disposal of non-current assets[7] - The company reported an investment cash outflow of ¥810,934,508.70 in Q1 2025, a decrease from ¥2,344,931,105.47 in Q1 2024[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 403,807[9] - The company completed a non-public agreement to transfer 100% equity of Guoneng Power Engineering Management Co., Ltd. to its controlling shareholder, State Energy Investment Group, for a price of RMB 289 million, which is expected to increase the net profit attributable to the parent company by RMB 145 million[11]