Zhejiang Power New Energy (688184)2025-04-29 16:50Financial Performance - The company's operating revenue for Q1 2025 was ¥80,013,897, representing a decrease of 72.59% compared to the same period last year, which had revenue of ¥393,598,192.62[3] - The net profit attributable to shareholders of the listed company was -¥56,008,733.21, a decline of 46.01% from the previous year's net profit of -¥41,542,437.74[3] - Basic and diluted earnings per share were both -¥0.34, reflecting a 90.88% increase in loss per share compared to -¥0.26 in the same period last year[4] - Total revenue for Q1 2025 was ¥80,013,897, a decrease of 72.5% compared to ¥291,922,468 in Q1 2024[19] - Net loss for Q1 2025 was ¥56,008,733, compared to a net loss of ¥103,733,061 in Q1 2024, representing a 46% improvement[21] - Basic and diluted earnings per share for Q1 2025 were both -¥0.34, compared to -¥3.73 in Q1 2024[21] Assets and Liabilities - Total assets decreased by 27.99% to ¥2,814,468,526.84 from ¥4,121,015,721.20 at the end of the previous year[4] - Total current assets as of March 31, 2025, amount to approximately CNY 1.53 billion, a decrease from CNY 1.58 billion as of December 31, 2024[13][14] - Total liabilities as of the latest reporting period were ¥849,314,208, a slight decrease from ¥857,266,714 in the previous period[16] - Total equity attributable to shareholders of the listed company decreased by 27.41% to ¥1,965,154,318.43 from ¥2,919,736,128.60 at the end of the previous year[4] - Total equity attributable to shareholders was ¥1,965,154,318, down from ¥2,031,167,879 in the previous period[16] Cash Flow - The company reported a net cash flow from operating activities of -¥117,616,820.60, which is a 4.56% increase in cash outflow compared to -¥112,486,228.40 in the previous year[4] - Cash inflow from operating activities in Q1 2025 was ¥223,842,489, a decrease of 50.7% from ¥454,286,306 in Q1 2024[22] - The net cash flow from operating activities was -112.49 million in the previous period, indicating a slight deterioration in cash generation from operations[23] - Total cash outflow from operating activities amounted to 566.77 million, reflecting a significant reduction in operational cash expenses[23] - The ending cash and cash equivalents balance was 591.44 million, indicating a decrease in liquidity[24] - The net increase in cash and cash equivalents was -419.76 million in the previous period, indicating a substantial improvement in cash flow management[24] Research and Development - The company's R&D investment totaled ¥15,345,383.93, accounting for 19.18% of operating revenue, an increase of 12.99 percentage points compared to 4.59% in the previous year[4] - Research and development expenses for Q1 2025 were ¥15,345,384, a decrease of 15.3% from ¥18,081,156 in Q1 2024[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,535[10] - The largest shareholder, Zhuji Zhaoyuan Investment Co., Ltd., holds 2,400,000 shares, representing 15.09% of total shares[10] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[12] - There are no significant changes in the relationships among the top shareholders, with some identified as acting in concert[11] Government Subsidies and Other Income - The company received government subsidies amounting to ¥4,681,808, which are closely related to its normal business operations[7] - The company reported a total of ¥3,680,571.24 in non-recurring gains and losses for the period, after accounting for tax effects[8] Inventory and Receivables - Accounts receivable decreased significantly from CNY 228.16 million to CNY 91.93 million[14] - Inventory increased to CNY 647.19 million from CNY 583.80 million, indicating a rise of approximately 10.87%[14] - Total cash received from customers in Q1 2025 was ¥193,284,307, a decline of 56% compared to ¥438,056,448 in Q1 2024[22] Operational Costs - Total operating costs for Q1 2025 were ¥47,973,461, down 84.7% from ¥312,414,324 in Q1 2024[19] - Cash outflow for employee compensation increased to 15.35 million, reflecting higher personnel costs[23] - Tax payments rose significantly to 6.45 million, indicating increased tax liabilities[23] - Other cash outflows related to operating activities decreased to 85.31 million, showing improved cost management[23]