First Quarterly Report
-
Date: 2025.04.25
Stock Code: 601615 Stock abbreviation：MYSE
2025 First Quarterly Report
IMPORTANT NOTICE
The person in charge of the Company, the Chief Financial Controller and the Person in charge of Accounting Department (the accounting manager), warrant the truthfulness, accuracy and completeness of the financial information contained in this quarterly report.
Whether the financial statements for the first quarter are audited
I. Principal financial Data
(I) Principal accounting data and financial indicators
|
Item |
Reporting Period |
corresponding period last year |
Change during the Reporting Period as compared with the corresponding period of the previous year (%) |
|
Operating revenue |
7,703,617,576.77 |
5,075,351,028.23 |
51.78 |
|
Net profit attributable to shareholders of the Company |
302,060,615.88 |
304,183,268.60 |
-0.70 |
|
Net profit attributable to shareholders of the Company after deducting non-recurring profit and loss |
286,783,375.53 |
290,702,594.41 |
-1.35 |
|
Net cash flow from operating activities |
-2,178,322,594.43 |
-1,669,896,242.16 |
N/A |
|
Basic earnings per share (RMB/share) |
0.13 |
0.13 |
- |
|
Diluted earnings per share (RMB/share) |
0.13 |
0.13 |
- |
|
Weighted average return on net assets (%) |
1.14 |
1.09 |
an increase of 0.05 percentage points |
|
|
As at the end of the Reporting Period |
As at the end of the previous year |
Change at the end of the Reporting Period as compared with the end of the previous year (%) |
|
Total assets |
88,323,901,021.00 |
86,794,501,247.32 |
1.76 |
|
Owners’ equity attributable to shareholders of the Company |
26,560,366,450.35 |
26,237,473,763.09 |
1.23 |
(II) Non- recurring profit and loss items and amounts
Unit: Yuan Currency: RMB
|
Non-recurring profit and loss items |
Amount for the period |
Explanation |
|
Profit/loss from disposal of non-current assets (including the part offset with the provision for impairment of assets) |
-566,572.08 |
|
|
Government subsidies (except for the grants which are closely related to the Company’s business and have the standard amount and continuing impact on the Company’s profit or loss in accordance with the national standard) attributable to profits and losses for the period |
17,478,467.79 |
|
|
Profit or loss from changes in fair value arising from held-for-trading financial assets by non-financial company and financial liabilities, and profit or loss arising from disposal of held-for-trading financial assets and financial liabilities other than effective hedging business related to the Company’s normal business operations |
-20,702,269.25 |
- |
|
Fund possession fee received from non-financial enterprises attributable to profits and losses for the period |
|
|
|
Profit or loss from entrusting others to invest or manage assets |
34,593,815.97 |
|
|
Profit or loss from external entrusted loans |
|
|
|
Asset impairment provisions due to force majeure factors such as natural disasters |
|
|
|
Reversal of provision made for impairment of receivables that are individually tested for impairment |
960,456.32 |
- |
|
Gains when the investment cost of acquiring a subsidiary, an associate and a joint venture is less than the fair value of the identifiable net assets of the invested entity |
|
|
|
The current net profit and loss of subsidiary resulting from combination under common control from the beginning of the period to consolidation date |
|
|
|
Profit or loss from exchange of non-monetary assets |
|
|
|
Profit or loss from debt restructuring |
|
|
|
One-off expenses arising from discontinued continuing activities of the company such as staff settlement expenses |
|
|
|
Impact on the current profit or loss by one-off adjustment according to laws and regulations related to tax and accounting |
|
|
|
Share payment expenses recognized due to cancelling and amending share option incentive scheme |
|
|
|
Profit or loss arising from the changes in fair value of staff salary payable in respect of shares payment in cash after the day of right exercise |
|
|
|
Profit or loss from changes in fair value of investment properties subsequently measured in the fair value mode |
|
|
|
Gains that exceed the fair value in transactions with unfair price |
|
|
|
Profit or loss arising from contingencies irrelevant to the Company’s normal business operations |
|
|
|
Custody fee income from entrusted operation |
|
|
|
Other non-operating income and expenses excluding the aforesaid items |
-14,870,018.58 |
|
|
Other profit/loss items that meet the definition of non-recurring profit/loss |
|
|
|
Less: Effect of income tax |
1,544,217.22 |
|
|
Effect of minority interests (after tax) |
72,422.60 |
|
|
Total |
15,277,240.35 |
|
Explanation on defining items that are not illustrated in the Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to the Public No. 1 – Non- recurring Gain or Loss as non- recurring profit and loss items with significant amounts, and defining the non-recurring profit and loss items listed in the “Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to the Public No. 1 – Non- recurring Gain or Loss” as recurring gain or loss items.
(III) Changes for the major accounting data and financial indicators and the reasons thereof
|
Item name |
Percentage change (%) |
|
|
Operating revenue |
51.78 |
Mainly due to the increase in the sales of wind turbines for the current period. |
II. SHAREHOLDER INFORMATION
(I) Total number of shareholders of ordinary shares and shareholders of preference shares with restored voting rights and shareholdings of the top ten shareholders
Explanation of the participation of the shareholders who hold more than 5%, top 10 shareholders and top 10 shareholders who are not subject to selling restrictions in refinancing and borrowing business
Changes of top 10 shareholders and top 10 shareholders who are not subject to selling restrictions in refinancing business due to refinancing borrowing/repayment as compared with last period.
III. OTHER REMINDERS
Other important information about the Company’s operation in the Reporting Period that investors should be reminded of
IV. QUARTERLY FINANCIAL STATEMENTS
(I) Audit opinion type
(II) Financial statements
31 March 2025
Prepared by:
Unit: Yuan Currency: RMB Audit type: Unaudited
|
Item |
31 March 2025 |
31 December 2024 |
|
Current assets: |
||
|
Cash |
13,278,125,326.32 |
14,583,771,022.88 |
|
Deposit reservation for balance |
|
|
|
Placements with banks and other financial institutions |
|
|
|
Trading financial assets |
1,514,561,191.10 |
1,182,821.44 |
|
Derivative financial assets |
|
|
|
Bills receivable |
30,523,868.98 |
33,580,281.79 |
|
Accounts receivable |
14,529,013,266.17 |
13,776,923,643.11 |
|
Receivables financing |
761,345,322.24 |
964,286,203.65 |
|
Funds paid in advance |
1,424,850,553.33 |
716,624,965.91 |
|
Premiums receivable |
|
|
|
Reinsurance accounts receivable |
|
|
|
Deposits receivable from reinsurance contracts |
|
|
|
Other receivables |
1,109,571,822.52 |
1,206,031,526.58 |
|
Including: Interests receivable |
|
|
|
Dividends receivable |
75,040,000.00 |
196,912,115.57 |
|
Purchases of resold financial assets |
|
|
|
Inventories |
14,292,129,154.66 |
13,537,532,115.73 |
|
Including: data resources |
|
|
|
Contract assets |
885,340,917.48 |
662,942,444.38 |
|
Assets held for sale |
|
471,478,355.77 |
|
Non-current assets due within one year |
1,429,250,451.34 |
1,982,432,437.08 |
|
Other current assets |
2,361,434,015.67 |
2,189,300,251.46 |
|
Total current assets |
51,616,145,889.81 |
50,126,086,069.78 |
|
Non-current assets: |
||
|
Loans and advances granted |
|
|
|
Debt investments |
|
|
|
Other debt investments |
|
|
|
Long-term receivables |
10,000,000.00 |
10,000,000.00 |
|
Long-term equity investments |
808,576,458.43 |
804,763,159.59 |
|
Other equity instrument investments |
67,944,764.71 |
131,963,004.53 |
|
Other non-current financial assets |
606,891,451.75 |
615,540,590.66 |
|
Investment property |
42,478,363.55 |
42,906,034.21 |
|
Fixed assets |
15,531,117,792.84 |
14,437,903,663.54 |
|
Construction in progress |
3,757,211,490.22 |
4,988,640,821.26 |
|
Biological assets for production |
|
|
|
Fuel assets |
|
|
|
Right-of-use assets |
186,384,459.43 |
254,570,604.39 |
|
Intangible assets |
2,452,373,564.90 |
2,482,930,280.67 |
|
Including: data resources |
|
|
|
Development expenditure |
313,287,365.21 |
227,008,615.55 |
|
Including: data resources |
|
|
|
Goodwill |
71,177,056.47 |
68,569,375.91 |
|
Long-term deferred expenses |
55,544,108.83 |
58,335,702.92 |
|
Deferred income tax assets |
1,237,973,147.50 |
1,220,487,147.40 |
|
Other non-current assets |
11,566,795,107.35 |
11,324,796,176.91 |
|
Total non-current assets |
36,707,755,131.19 |
36,668,415,177.54 |
|
Total assets |
88,323,901,021.00 |
86,794,501,247.32 |
|
Current liabilities: |
||
|
Short-term borrowings |
3,314,476,053.20 |
1,576,852,627.32 |
|
Borrowings from central bank |
|
|
|
Placements funds |
|
|
|
Trading financial liabilities |
|
|
|
Derivative financial liabilities |
|
|
|
Bills payable |
10,417,313,059.30 |
9,517,195,130.76 |
|
Accounts payable |
13,075,579,654.48 |
13,016,725,356.61 |
|
Funds received in advance |
510,579.71 |
1,400,516.31 |
|
Contract liabilities |
8,592,579,785.56 |
9,289,672,830.58 |
|
Funds from disposal of repurchased financial assets |
|
|
|
Deposit taking and deposit in inter-bank market |
|
|
|
Customer deposits for trading in securities |
|
|
|
Customer deposits for securities underwriting |
|
|
|
Staff remuneration payable |
254,771,761.45 |
365,867,281.70 |
|
Taxes payable |
152,998,821.24 |
179,828,757.30 |
|
Other payables |
2,322,264,486.80 |
2,471,345,185.17 |
|
Including: Interests payable |
|
|
|
Dividends payable |
2,200,000.00 |
2,200,000.00 |
|
Handling charges and commissions payable |
|
|
|
Reinsurance accounts payable |
|
|
|
Liabilities held for sale |
|
265,940,037.74 |
|
Non-current liabilities due within one year |
1,666,432,538.57 |
1,628,453,578.61 |
|
Other current liabilities |
727,644,961.72 |
824,283,468.88 |
|
Total current liabilities |
40,524,571,702.03 |
39,137,564,770.98 |
|
Non-current liabilities: |
||
|
Deposits for insurance contracts |
|
|
|
Long-term borrowings |
13,831,660,705.03 |
13,941,868,567.24 |
|
Bonds payable |
|
|
|
Including: Preferred shares |
|
|
|
Perpetual bonds |
|
|
|
Lease liabilities |
125,732,035.63 |
179,232,500.52 |
|
Long-term payables |
3,443,467,661.50 |
3,402,243,662.97 |
|
Long-term staff remuneration payable |
|
|
|
Projected liabilities |
1,647,360,888.15 |
1,618,197,535.67 |
|
Deferred income |
358,023,470.41 |
363,033,611.54 |
|
Deferred income tax liabilities |
743,633,199.71 |
889,135,406.28 |
|
Other non-current liabilities |
|
|
|
Total non-current liabilities |
20,149,877,960.43 |
20,393,711,284.22 |
|
Total liabilities |
60,674,449,662.46 |
59,531,276,055.20 |
|
Owners’ equity (or shareholders’ equity): |
||
|
Paid-up capital (or share capital) |
2,271,496,706.00 |
2,271,594,206.00 |
|
Other equity instruments |
|
|
|
Including: Preferred shares |
|
|
|
Perpetual bond |
|
|
|
Capital reserve |
16,832,870,017.64 |
16,833,342,902.64 |
|
Less: Treasury shares |
1,310,111,118.52 |
1,310,681,503.52 |
|
Other comprehensive income |
36,934,151.70 |
34,177,712.67 |
|
Special reserve |
145,796,031.98 |
127,720,399.63 |
|
Surplus reserve |
800,205,863.05 |
800,205,863.05 |
|
General risk provision |
|
|
|
Retained earnings |
7,783,174,798.50 |
7,481,114,182.62 |
|
Total equity attributable to the owners of the parent company (or shareholders’ equity) |
26,560,366,450.35 |
26,237,473,763.09 |
|
Minority interests |
1,089,084,908.19 |
1,025,751,429.03 |
|
Total owners’ equity (or shareholders’ equity) |
27,649,451,358.54 |
27,263,225,192.12 |
|
Total liabilities and owners’ equity (or shareholders’ equity) |
88,323,901,021.00 |
86,794,501,247.32 |
Person-in-charge of the Company: Zhang Chuanwei
Person-in-charge of accounting affairs: Fang Meng
Head of the accounting department: Zhang Feng
Consolidated Income Statement
January to March 2025
Prepared by:
Unit: Yuan Currency: RMB Audit type: Unaudited
|
Item |
First quarter of 2025 |
First quarter of 2024 |
|
I. Total operating revenue |
7,703,617,576.77 |
5,075,351,028.23 |
|
Including: Revenue from operations |
7,703,617,576.77 |
5,075,351,028.23 |
|
Interest income |
|
|
|
Premiums earned |
|
|
|
Handling charges and commission income |
|
|
|
II. Total cost of sales |
7,459,093,892.31 |
4,866,710,301.51 |
|
Including: Operating cost |
6,687,622,367.08 |
4,221,066,854.14 |
|
Interest expenses |
|
|
|
Handling charges and commission expenses |
|
|
|
Surrender payment |
|
|
|
Net expenditure for compensation payment |
|
|
|
Net provision for insurance liability |
|
|
|
Policyholder dividend expenses |
|
|
|
Reinsurance costs |
|
|
|
Taxes and surcharges |
33,850,508.26 |
22,369,695.64 |
|
Selling expenses |
148,934,608.72 |
115,317,543.52 |
|
Administrative expenses |
266,196,299.56 |
266,527,921.83 |
|
Research and development expenses |
213,473,892.05 |
190,100,461.51 |
|
Finance costs |
109,016,216.64 |
51,327,824.87 |
|
Including: Interest expenses |
134,559,444.18 |
99,218,179.22 |
|
Interest income |
49,050,359.83 |
59,694,702.72 |
|
Add: Other gains |
29,943,633.77 |
146,805,016.14 |
|
Investment income (loss is represented by “-”) |
127,534,513.28 |
64,186,555.02 |
|
Including: Gains from investment in associates and joint ventures |
11,602,818.66 |
5,770,857.67 |
|
Derecognition gains on financial assets measured at amortized cost |
|
|
|
Gains from foreign currency exchange (loss is represented by “-”) |
|
|
|
Gains from net exposure to hedging (loss is represented by “-”) |
|
|
|
Gains from changes in fair value (loss is represented by “-”) |
-20,702,269.25 |
-19,764,519.42 |
|
Credit impairment loss (loss is represented by “-”) |
-37,874,350.17 |
-14,274,040.64 |
|
Asset impairments loss (loss is represented by “-”) |
5,893,230.11 |
4,854,131.18 |
|
Gains from disposal of assets (loss is represented by “-”) |
-295,160.70 |
-1,165,626.23 |
|
III. Profit from operations (loss is represented by “-”) |
349,023,281.50 |
389,282,242.77 |
|
Add: Non-operating income |
1,013,897.46 |
487,267.12 |
|
Less: Non-operating expenses |
16,155,327.43 |
38,851,043.78 |
|
IV. Total profit (total loss is represented by “-”) |
333,881,851.53 |
350,918,466.11 |
|
Less: Income tax expenses |
13,860,146.83 |
36,803,989.34 |
|
V. Net profit (net loss is represented by “-”) |
320,021,704.70 |
314,114,476.77 |
|
(I) Classified by continuity of operation |
||
|
1. Net profit from continuing operations (net loss expressed with “-”) |
235,556,906.65 |
314,114,476.77 |
|
2. Net profit from discontinued operations (net loss expressed with “-”) |
84,464,798.05 |
|
|
(II) Classified by ownership of equity |
||
|
1. Net profit attributable to shareholders of the parent company (net loss expressed with “-”) |
302,060,615.88 |
304,183,268.60 |
|
2. Gains or losses of minority interests (net loss expressed with “-”) |
17,961,088.82 |
9,931,208.17 |
|
VI. Net other comprehensive income after taxes |
3,005,069.69 |
1,103,350.26 |
|
(I) Net other comprehensive income attributable to owners of the parent company after taxes |
2,756,439.03 |
1,091,871.56 |
|
1. Items that may not be reclassified to profit or loss |
1,442,200.68 |
1,829,730.45 |
|
(1) Changes from the re-measurement of defined benefit plans |
|
|
|
(2) Other comprehensive income that may not be reclassified to profit or loss under the equity method |
|
|
|
(3) Changes in fair value of investments in other equity instruments |
1,442,200.68 |
1,829,730.45 |
|
(4) Changes in fair value of enterprise’s own credit risk |
|
|
|
2. Items that may be reclassified to profit or loss |
1,314,238.35 |
-737,858.89 |
|
(1) Other comprehensive income that may be reclassified to profit or loss under the equity meth |
|
|
|
(2) Changes in fair value of other debt investments |
|
|
|
(3) Financial assets reclassified into other comprehensive income |
|
|
|
(4) Credit impairment provision for other debt investments |
|
|
|
(5) Reserve for cash flow hedging |
|
|
|
(6) Exchange differences from translation of financial statements |
1,314,238.35 |
-737,858.89 |
|
(7) Others |
|
|
|
(II) Net other comprehensive income attributable to minority interests after taxes |
248,630.66 |
11,478.70 |
|
VII. Total comprehensive income |
323,026,774.39 |
315,217,827.03 |
|
(I) Total comprehensive income attributable to owners of the parent company |
304,817,054.91 |
305,275,140.16 |
|
(II) Total comprehensive income attributable to minority interests |
18,209,719.48 |
9,942,686.87 |
|
VIII. Earnings per share: |
||
|
(I) Basic earnings per share (RMB per share) |
0.13 |
0.13 |
|
(II) Diluted earnings per share (RMB per share) |
0.13 |
0.13 |
For the business combination under common control effected in the current period, the net profit recognised by the merged party before the combination was RMB0, and the net profit recognised by the merged party in the previous period was RMB 0.
Person-in-charge of the Company:
Person-in-charge of accounting affairs: Fang Meng
Head of the accounting department: Zhang Feng
Consolidated Cash Flow Statement
January to March 2025
Prepared by: Ming Yang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit Type: Unaudited
|
|
of 2025 |
of 2024 |
|
I. Cash flow from operating activities: |
||
|
Cash received from sales of goods and provision of services |
5,586,349,507.05 |
5,094,074,349.36 |
|
Net increase in deposits from customers and placements from banks and other financial institutions |
|
|
|
Net increase in borrowings from central bank |
|
|
|
Net increase in placements from other financial institutions |
|
|
|
Cash received from premiums of original insurance contracts |
|
|
|
Net cash received from reinsurance business |
|
|
|
Net increase in deposits from policyholders and investments |
|
|
|
Cash received from interest, handling charges and commissions |
|
|
|
Net increase in capital due to banks and other financial institutions |
|
|
|
Net increase in repurchases business fund |
|
|
|
Net cash received from trading in securities |
|
|
|
Receipt of tax rebates |
7,429,758.33 |
41,527,127.25 |
|
Other cash received from activities relating to operation |
185,655,251.40 |
196,865,120.07 |
|
Sub-total of cash inflow from operating activities |
5,779,434,516.78 |
5,332,466,596.68 |
|
Cash paid for goods purchased and services rendered |
6,318,694,921.47 |
5,645,544,529.08 |
|
Net increase in loans and advances to customers |
|
|
|
Net increase in placements with central bank and other financial institutions |
|
|
|
Cash paid for claims on original insurance contracts |
|
|
|
Net increase in placements with banks and other financial institutions |
|
|
|
Cash payment for interest, handling charges and commissions |
|
|
|
Cash payment for policyholder dividend |
|
|
|
Cash paid to and on behalf of staff |
800,027,088.52 |
663,324,637.94 |
|
Taxes paid |
363,673,033.11 |
202,179,818.54 |
|
Other cash paid for activities relating to operating activities |
475,362,068.11 |
491,313,853.28 |
|
Sub-total of cash outflow from operating activities |
7,957,757,111.21 |
7,002,362,838.84 |
|
Net cash flows generated from operating activities |
-2,178,322,594.43 |
-1,669,896,242.16 |
|
II. Cash flow generated from investment activities: |
||
|
Cash received from disposal of investments |
639,000,000.00 |
713,333,027.85 |
|
Cash received from gains in investments |
182,403,526.53 |
458,791.66 |
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets |
173,773.00 |
562,985.25 |
|
Net cash received from disposal of subsidiaries and other operating entities |
36,442,802.91 |
|
|
Other cash received relating to investment activities |
36,708,865.24 |
50,000,000.00 |
|
Sub-total of cash inflow from investment activities |
894,728,967.68 |
764,354,804.76 |
|
Cash paid for purchase of fixed assets, intangible assets and other long-term assets |
761,341,107.80 |
2,562,522,261.13 |
|
Cash paid for investment |
1,557,702,182.99 |
62,769,635.04 |
|
Net increase in pledged loans |
|
|
|
Net cash paid for acquiring subsidiaries and other operating entities |
8,543,494.07 |
|
|
Other cash paid relating to investment activities |
|
|
|
Sub-total of cash outflow from investment activities |
2,327,586,784.86 |
2,625,291,896.17 |
|
Net cash flow generated from investment activities |
-1,432,857,817.18 |
-1,860,937,091.41 |
|
III. Cash flow from financing activities: |
||
|
Proceeds received from investments |
40,006,944.45 |
510,770,000.00 |
|
Including: Proceeds received by subsidiaries from minority interests’ investment |
40,006,944.45 |
|
|
Cash received from borrowings |
1,929,580,896.98 |
5,358,708,424.22 |
|
Other cash received relating to financing activities |
711,436,226.25 |
|
|
Sub-total of cash inflow from financing activities |
2,681,024,067.68 |
5,869,478,424.22 |
|
Cash paid for repayment of debts |
254,958,067.82 |
591,069,571.81 |
|
Cash payments for dividend and profit distribution or interest repayment |
111,705,681.20 |
91,220,751.68 |
|
Including: Dividend and profit paid by subsidiaries to minority interests |
|
|
|
Other cash paid relating to financing activities |
38,403,396.80 |
1,127,134,020.36 |
|
Sub-total of cash outflow from financing activities |
405,067,145.82 |
1,809,424,343.85 |
|
Net cash flow generated from financing activities |
2,275,956,921.86 |
4,060,054,080.37 |
|
IV. Effect on cash and cash equivalents due to changes in foreign exchange rates |
242,010.36 |
1,525,675.46 |
|
V. Net increase in cash and cash equivalents |
-1,334,981,479.39 |
530,746,422.26 |
|
Add: Balance of cash and cash equivalents at the beginning of the period |
14,217,771,011.92 |
12,070,683,635.67 |
|
VI. Balance of cash and cash equivalents at the end of the period |
12,882,789,532.53 |
12,601,430,057.93 |
Person-in-charge of the Company: Zhang Chuanwei
Person-in-charge of accounting affairs: Fang Meng
Head of the accounting department: Zhang Feng
Balance Sheet of the Parent Company
31 March 2025
Prepared by: Ming Yang Smart Energy Group Limited
Unit: Yuan Currency: RMB Audit Type: Unaudited
|
Item |
31 March 2025 |
31 December 2024 |
|
Current assets: |
||
|
Cash |
8,169,940,466.62 |
10,313,010,044.29 |
|
Trading financial assets |
1,404,397,685.11 |
1,182,821.44 |
|
Derivative financial assets |
|
|
|
Bills receivable |
|
|
|
Accounts receivable |
14,804,178,413.71 |
13,000,209,778.03 |
|
Receivables financing |
729,296,840.79 |
912,994,530.43 |
|
Funds paid in advance |
1,409,494,706.12 |
887,889,018.48 |
|
Other receivables |
7,336,685,029.44 |
6,471,004,606.58 |
|
Including: Interests receivable |
|
|
|
Dividends receivable |
105,728.67 |
18,979,170.00 |
|
Inventories |
5,848,257,248.05 |
7,310,936,330.66 |
|
Including: Data resources |
|
|
|
Contract assets |
617,721,411.17 |
517,883,355.45 |
|
Assets held for sale |
|
|
|
Non-current assets due within one year |
1,429,250,451.34 |
1,982,432,437.08 |
|
Other current assets |
5,019,899,369.00 |
5,026,127,999.89 |
|
Total current assets |
46,769,121,621.35 |
46,423,670,922.33 |
|
Non-current assets: |
||
|
Debt investments |
|
|
|
Other debt investments |
|
|
|
Long-term receivables |
|
|
|
Long-term equity investments |
13,340,598,173.44 |
12,826,685,825.20 |
|
Other equity instrument investments |
15,493,332.56 |
85,147,270.95 |
|
Other non-current financial assets |
384,835,951.46 |
377,111,156.10 |
|
Investment property |
|
|
|
Fixed assets |
973,911,885.68 |
994,569,830.08 |
|
Construction in progress |
572,430,421.50 |
549,297,292.93 |
|
Biological assets for production |
|
|
|
Fuel assets |
|
|
|
Right-of-use assets |
109,127,202.62 |
108,644,186.84 |
|
Intangible assets |
1,175,056,352.46 |
1,214,398,647.43 |
|
Including: Data resources |
|
|
|
Development expenditure |
244,841,010.07 |
188,982,954.49 |
|
Including: Data resources |
|
|
|
Goodwill |
|
|
|
Long-term deferred expenses |
18,152,836.52 |
19,671,894.24 |
|
Deferred income tax assets |
499,401,448.16 |
502,145,618.18 |
|
Other non-current assets |
11,505,375,000.90 |
11,213,390,964.54 |
|
Total non-current assets |
28,839,223,615.37 |
28,080,045,640.98 |
|
Total assets |
75,608,345,236.72 |
74,503,716,563.31 |
|
Current liabilities: |
||
|
Short-term borrowings |
1,589,852,188.07 |
771,261,250.42 |
|
Trading financial liabilities |
|
|
|
Derivative financial liabilities |
|
|
|
Bills payable |
10,670,077,890.94 |
9,535,557,843.24 |
|
Accounts payable |
18,376,276,567.69 |
17,177,450,114.14 |
|
Funds received in advance |
|
|
|
Contract liabilities |
9,647,105,062.52 |
11,849,366,795.43 |
|
Staff remuneration payable |
86,534,943.69 |
136,927,014.53 |
|
Taxes payable |
32,245,945.18 |
37,737,635.06 |
|
Other payables |
4,433,959,455.32 |
4,091,949,072.12 |
|
Including: Interests payable |
|
|
|
Dividends payable |
|
|
|
Liabilities held for sale |
|
|
|
Non-current liabilities due within one year |
521,157,072.61 |
510,657,514.64 |
|
Other current liabilities |
870,857,694.34 |
1,158,958,075.19 |
|
Total current liabilities |
46,228,066,820.36 |
45,269,865,314.77 |
|
Non-current liabilities: |
||
|
Long-term borrowings |
1,931,022,640.46 |
1,920,993,635.90 |
|
Bonds payable |
|
|
|
Including: Preferred shares |
|
|
|
Perpetual bonds |
|
|
|
Lease liabilities |
88,252,427.06 |
88,805,356.76 |
|
Long-term payables |
980,856,991.65 |
942,127,723.65 |
|
Long-term staff remuneration payable |
|
|
|
Projected liabilities |
1,583,399,604.91 |
1,524,346,793.92 |
|
Deferred income |
115,766,750.46 |
114,707,776.39 |
|
Deferred income tax liabilities |
666,196,294.60 |
774,130,936.29 |
|
Other non-current liabilities |
|
|
|
Total non-current liabilities |
5,365,494,709.14 |
5,365,112,222.91 |
|
Total liabilities |
51,593,561,529.50 |
50,634,977,537.68 |
|
Owners’ equity (or shareholders’ equity): |
||
|
Paid-up capital (or share capital) |
2,271,496,706.00 |
2,271,594,206.00 |
|
Other equity instruments |
|
|
|
Including: Preferred shares |
|
|
|
Perpetual bonds |
|
|
|
Capital reserve |
17,122,579,833.07 |
17,123,052,718.07 |
|
Less: Treasury shares |
1,310,111,118.52 |
1,310,681,503.52 |
|
Other comprehensive income |
2,982,422.69 |
2,688,270.32 |
|
Special reserve |
|
|
|
Surplus reserve |
800,205,863.05 |
800,205,863.05 |
|
Retained earnings |
5,127,630,000.93 |
4,981,879,471.71 |
|
Total owners’ equity (or shareholders’ equity) |
24,014,783,707.22 |
23,868,739,025.63 |
|
Total liabilities and owners’ equity (or shareholders’ equity) |
75,608,345,236.72 |
74,503,716,563.31 |
Person-in-charge of the Company: Zhang Chuanwei
Person-in-charge of accounting affairs: Fang Meng
Head of the accounting department: Zhang Feng
January to March 2025
Prepared by:
Unit: YuanCurrency: RMB Audit type: Unaudited
|
Item |
of 2025 |
of 2024 |
|
I. Operating revenue |
7,728,030,081.84 |
4,378,832,554.10 |
|
Less: Operating cost |
7,266,181,092.60 |
3,808,970,489.86 |
|
Taxes and surcharges |
7,211,633.83 |
7,935,127.64 |
|
Selling expenses |
73,548,298.59 |
64,570,820.25 |
|
Administrative expenses |
103,946,127.49 |
86,175,914.55 |
|
Research and development expenses |
101,785,166.61 |
83,828,671.78 |
|
Finance costs |
23,138,739.20 |
-7,459,804.04 |
|
Including: Interest expenses |
49,462,470.15 |
34,582,508.73 |
|
Interest income |
43,595,345.65 |
56,913,947.67 |
|
Add: Other gains |
3,458,171.34 |
118,756,203.55 |
|
Investment income (loss is represented by “-”) |
39,812,667.03 |
63,857,946.19 |
|
Including: Gains from investment in associates and joint ventures |
4,915,834.04 |
5,442,248.84 |
|
Derecognition gains on financial assets measured at amortized cost |
|
- |
|
Gains from net exposure to hedging (loss is represented by “-”) |
|
|
|
Gains from changes in fair value (loss is represented by “-”) |
-4,491,840.97 |
-10,831,771.50 |
|
Credit impairment loss (loss is represented by “-”) |
-20,503,967.17 |
48,274,895.69 |
|
Asset impairments loss (loss is represented by “-”) |
-694,068.26 |
-138,833.12 |
|
Gains from disposal of assets (loss is represented by “-”) |
-34,678.85 |
-236,096.90 |
|
II. Profit from operations (loss is represented by “-”) |
169,765,306.64 |
554,493,677.97 |
|
Add: Non-operating income |
466,963.03 |
188,238.44 |
|
Less: Non-operating expenses |
15,842,145.63 |
35,412,291.17 |
|
III. Total profit (total loss is represented by “-”) |
154,390,124.04 |
519,269,625.24 |
|
Less: Income tax expenses |
8,639,594.82 |
59,730,454.73 |
|
IV. Net profit (net loss is represented by “-”) |
145,750,529.22 |
459,539,170.51 |
|
(I) Net profit from continuing operations (net loss expressed with “-”) |
145,750,529.22 |
459,539,170.51 |
|
(II) Net profit from discontinued operations (net loss expressed with “-”) |
|
|
|
V. Net other comprehensive income after taxes |
294,152.37 |
1,683,450.33 |
|
(I) Items that may not be reclassified to profit or loss |
294,152.37 |
1,683,450.33 |
|
1. Changes from the re-measurement of defined benefit plans |
|
|
|
2. Other comprehensive income that may not be reclassified to profit or loss under the equity method |
|
|
|
3. Changes in fair value of investments in other equity instruments |
294,152.37 |
1,683,450.33 |
|
4. Changes in fair value of enterprise’s own credit risk |
|
|
|
(II) Items that may be reclassified to profit or loss |
|
- |
|
1. Other comprehensive income that may be reclassified to profit or loss under the equity method |
|
|
|
2. Changes in fair value of other debt investments |
|
|
|
3. Financial assets reclassified into other comprehensive income |
|
|
|
4. Credit impairment provision for other debt investments |
|
|
|
5. Reserve for cash flow hedging |
|
|
|
6. Exchange differences from translation of financial statements |
|
|
|
7. Others |
|
|
|
VI. Total comprehensive income |
146,044,681.59 |
461,222,620.84 |
|
VII. Earnings per share: |
||
|
(I) Basic earnings per share (RMB/share) |
|
|
|
(II) Diluted earnings per share (RMB/share) |
|
|
Person-in-charge of the Company:
Person-in-charge of accounting affairs:
Head of the accounting department:
January to March 2025
Prepared by:
Unit: Yuan Currency: RMB Audit type: Unaudited
|
Item |
|
|
|
I. Cash flow from operating activities: |
||
|
Cash received from sales of goods and provision of services |
4,885,839,864.12 |
6,332,075,796.47 |
|
Receipt of tax rebates |
2,524,031.64 |
33,078,913.48 |
|
Other cash received from activities relating to operation |
743,635,112.04 |
958,236,685.89 |
|
Sub-total of cash inflow from operating activities |
5,631,999,007.80 |
7,323,391,395.84 |
|
Cash paid for goods purchased and services rendered |
6,244,676,207.30 |
7,124,391,673.99 |
|
Cash paid to and on behalf of staff |
255,233,237.60 |
219,768,057.03 |
|
Taxes paid |
208,562,121.59 |
17,118,255.49 |
|
Other cash paid for activities relating to operating |
392,532,109.77 |
293,878,815.31 |
|
Sub-total of cash outflow from operating activities |
7,101,003,676.26 |
7,655,156,801.82 |
|
Net cash flow from operating activities |
-1,469,004,668.46 |
-331,765,405.98 |
|
II. Cash flow generated from investment activities: |
||
|
Cash received from disposal of investments |
639,000,000.00 |
713,333,027.85 |
|
Cash received from gains in investments |
79,510,580.96 |
458,791.66 |
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets |
|
|
|
Net cash received from disposal of subsidiaries and other operating entities |
|
|
|
Other cash received relating to investment activities |
301,714,336.47 |
1,814,555,071.04 |
|
Sub-total of cash inflow from investment activities |
1,020,224,917.43 |
2,528,346,890.55 |
|
Cash paid for purchase of fixed assets, intangible assets and other long-term assets |
137,517,689.74 |
267,459,125.73 |
|
Cash paid for investment |
1,955,695,151.19 |
451,121,579.86 |
|
Net cash paid for acquiring subsidiaries and other operating entities |
|
|
|
Other cash paid relating to investment activities |
408,807,510.95 |
934,995,346.19 |
|
Sub-total of cash outflow from investment activities |
2,502,020,351.88 |
1,653,576,051.78 |
|
Net cash flow generated from investment activities |
-1,481,795,434.45 |
874,770,838.77 |
|
III. Cash flow from financing activities: |
||
|
Proceeds received from investments |
|
|
|
Cash received from borrowings |
872,375,054.56 |
1,448,209,127.92 |
|
Other cash received relating to financing activities |
17,500,000.00 |
|
|
Sub-total of cash inflow from financing activities |
889,875,054.56 |
1,448,209,127.92 |
|
Cash paid for repayment of debts |
61,400,000.00 |
|
|
Cash payments for dividend and profit distribution or interest repayment |
24,851,587.27 |
14,049,379.66 |
|
Other cash paid relating to financing activities |
2,099,739.02 |
644,843,794.26 |
|
Sub-total of cash outflow from financing activities |
88,351,326.29 |
658,893,173.92 |
|
Net cash flow generated from financing activities |
801,523,728.27 |
789,315,954.00 |
|
IV. Effect on cash and cash equivalents due to changes in foreign exchange rates |
-2,297,015.37 |
2,950,177.99 |
|
V. Net increase in cash and cash equivalents |
-2,151,573,390.01 |
1,335,271,564.78 |
|
Add: Balance of cash and cash equivalents at the beginning of the period |
10,117,007,049.72 |
8,826,106,622.07 |
|
VI. Balance of cash and cash equivalents at the end of the period |
7,965,433,659.71 |
10,161,378,186.85 |
Person-in-charge of the Company:
Person-in-charge of accounting affairs:
Head of the accounting department:
(III) Adjustments to the financial statements as at the beginning of the year relating to the initial application of the new accounting standards or interpretations of standards since 2025
25 April, 2025