Financial Performance - Q3 2025 revenue reached CNY 12,236,335, a slight decrease of 0.03% year-over-year, while year-to-date revenue increased by 0.29% to CNY 38,131,095[3] - Operating profit for Q3 2025 was CNY 342,170, down 56.29% year-over-year, with year-to-date operating profit at CNY 614,841, a decrease of 3.74%[3] - Net profit attributable to shareholders for Q3 2025 was CNY 24,637, a significant decline of 95.78% year-over-year, while year-to-date net profit dropped 87.76% to CNY 73,330[3] - Total revenue for the period reached 38,131,095 thousand yuan, a slight increase from 38,022,337 thousand yuan in the previous period, representing a growth of approximately 0.29%[30] - Net profit for the period was 76,099 thousand yuan, a significant decrease from 565,099 thousand yuan in the previous period, indicating a decline of approximately 86.5%[31] - Basic earnings per share fell to 0.0081 yuan from 0.0657 yuan, a decrease of approximately 87.66%[31] Cash Flow - The company reported a net cash flow from operating activities of CNY 1,629,184, down 43.25% year-over-year[3] - Cash flow from operating activities decreased by 43.25%, totaling 1,629,184 compared to 2,870,656 in the previous year[14] - Cash inflow from operating activities totaled $39,271,589, slightly down from $39,341,500 in the previous period, reflecting a decrease of approximately 0.18%[33] - The company reported a cash outflow of $37,642,405 from operating activities, an increase from $36,470,844 in the previous period[33] - The company received $38,892,903 in cash from sales of goods and services, a slight decrease from $39,027,175 in the previous period[33] Assets and Liabilities - The total assets at the end of the reporting period were CNY 114,746,573, a decrease of 3.61% from the previous year-end[3] - Current liabilities totaled 84,626,949 thousand yuan, down from 90,171,177 thousand yuan, showing a decrease of approximately 6.1%[28] - The company's total assets decreased to 114,746,573 thousand yuan from 119,042,939 thousand yuan, a reduction of about 3.5%[29] - The total liabilities decreased to 103,435,167 thousand yuan from 107,883,826 thousand yuan, indicating a decline of approximately 4.1%[29] Store Operations - The company opened and renovated 32 new stores in Q3 2025, contributing to a 3.5% year-over-year increase in store sales revenue for the first three quarters[9] - The number of self-operated home appliance and 3C specialty stores decreased by 183, resulting in a total of 890 stores as of September 30, 2025[19] - The company opened 90 new self-operated stores in the first nine months of 2025, while 183 stores were closed[19] Investment and Income - Investment income for the first nine months of 2025 reached 2,654,362, a year-on-year increase of 58.22% compared to 1,677,672 in the same period of 2024[14] - Fair value changes resulted in a gain of 80,309, a significant improvement of 274.19% from a loss of 46,104 in the previous year[14] - The company reported a 39.43% decrease in non-operating income, totaling 173,329 compared to 286,144 in the same period last year[14] Debt and Guarantees - The company aims to improve its debt resolution efforts and asset-liability management, with a reported decrease in the asset-liability ratio by 0.49% since the beginning of the year[10] - Long-term borrowings increased by 31.67%, amounting to 1,893,777 compared to 1,438,279 in the previous year[14] - As of September 30, 2025, the company provided guarantees totaling RMB 1.968 billion to subsidiaries, representing 15.83% of the audited net assets attributable to shareholders for the year 2024[21] - The company has a maximum guarantee limit of RMB 30 billion for subsidiaries to provide guarantees for financing and procurement contracts, valid until the next shareholders' meeting[22] - The actual used guarantee balance from subsidiaries to the company is RMB 15.825 billion, with a total of RMB 8.275 billion provided through real estate mortgages or credit guarantees for financing[23] - The company’s subsidiaries have provided guarantees totaling RMB 7.55 billion for procurement and other business operations[23] - The company has a maximum guarantee limit of RMB 18 billion for subsidiaries to provide guarantees for the parent company and financial institutions[22] Legal and Operational Challenges - The bankruptcy of Hefei Yuejia and Shanghai Linjia has resulted in a loss of control over these entities, reducing the net profit attributable to shareholders by RMB 309 million[25] - The revenue from Hefei Yuejia and Shanghai Linjia for 2024 was RMB 16,470 and RMB 190, respectively, accounting for a negligible percentage of total revenue[25] - The total amount involved in litigation and arbitration as of September 30, 2025, is approximately RMB 236 million[23] - The company has initiated innovative cooperation models with core brand merchants to manage payment arrangements, aiming to alleviate liquidity pressure[24] Cost and Margin - The overall gross margin decreased by 1.52% due to intensified price competition and a higher proportion of low-margin consumer electronics sales[9] - Total operating costs increased to 39,782,301 thousand yuan from 39,161,969 thousand yuan, reflecting a rise of about 1.58%[30] - Research and development expenses rose to 213,839 thousand yuan from 167,373 thousand yuan, reflecting an increase of about 27.7%[30]

Financial Performance - The company's operating revenue for the third quarter reached ¥776,018,651.19, representing a year-on-year increase of 6.18%[5] - The total profit for the period was ¥71,898,066.44, reflecting a growth of 5.11% compared to the same period last year[5] - The net profit attributable to shareholders was ¥64,928,863.81, which is a 9.46% increase year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥59,993,923.19, up by 5.87% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,399,410,049.86, an increase of 3.3% compared to ¥2,323,390,306.55 in the same period of 2024[18] - The company reported a net loss of ¥124,029,065.47 for the first three quarters of 2025, an improvement from a net loss of ¥196,861,046.98 in the same period of 2024[17] - Net profit for the first three quarters of 2025 reached CNY 74,070,630.88, a slight increase from CNY 73,091,199.93 in the same period of 2024, representing a growth of 1.34%[20] - Operating profit for the first three quarters of 2025 was CNY 83,340,129.22, compared to CNY 83,898,580.48 in 2024, indicating a decrease of 0.67%[20] - The company reported a total profit of CNY 83,893,011.34 for the first three quarters of 2025, down from CNY 87,033,975.47 in 2024, a decline of 3.3%[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period decreased by 48.28%, primarily due to increased cash expenditures for electricity purchases[9] - Cash flow from operating activities for the first three quarters of 2025 was CNY 69,310,502.48, a decrease of 48% compared to CNY 133,998,373.97 in 2024[23] - Cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 379,572,919.45, an increase from CNY 301,186,624.13 in 2024, representing a growth of 25.97%[24] - The company's cash and cash equivalents as of September 30, 2025, amounted to ¥448,078,919.45, compared to ¥301,938,840.68 at the end of 2024, indicating a significant increase of 48.4%[14] - Total cash inflow from financing activities in the first three quarters of 2025 was CNY 799,369,996.59, significantly higher than CNY 174,000,000.00 in 2024[24] - The company incurred a net cash outflow from investment activities of CNY 128,497,483.60 in 2025, compared to a smaller outflow of CNY 83,296,551.41 in 2024[23] - The company’s total operating cash inflow for the first three quarters of 2025 was CNY 2,932,951,644.71, an increase from CNY 2,833,835,465.23 in 2024, reflecting a growth of 3.5%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,661,554,070.95, marking a 5.94% increase from the end of the previous year[6] - Total assets as of September 30, 2025, were ¥4,661,554,070.95, up from ¥4,400,117,719.83 at the end of 2024, reflecting a growth of 5.9%[17] - Total liabilities decreased slightly to ¥2,284,902,696.16 in 2025 from ¥2,294,998,867.69 in 2024, a reduction of 0.6%[16] - The equity attributable to shareholders increased by 14.78% to ¥2,114,156,150.86 compared to the end of the previous year[6] - The company's equity attributable to shareholders increased to ¥2,114,156,150.86 as of September 30, 2025, compared to ¥1,841,930,902.02 in 2024, an increase of 14.8%[17] Earnings and Expenses - The basic earnings per share for the quarter was ¥0.1139, while the diluted earnings per share was also ¥0.1139[6] - The weighted average return on equity decreased by 0.01 percentage points to 3.18% compared to the previous year[6] - Research and development expenses for the first three quarters of 2025 were ¥987,266.98, compared to ¥747,490.20 in 2024, indicating a year-over-year increase of 32.1%[18] - Total operating costs for the first three quarters of 2025 were ¥2,336,501,917.99, up from ¥2,258,123,117.47 in 2024, reflecting a year-over-year increase of 3.5%[18] - The company reported non-recurring gains of ¥4,934,940.62 for the current period, with government subsidies contributing significantly to this figure[8] - Inventory levels rose to ¥89,205,844.35 in 2025 from ¥45,306,491.64 in 2024, marking an increase of 96.8%[15] - Accounts receivable increased to ¥266,039,665.27 as of September 30, 2025, from ¥246,653,901.50 at the end of 2024, representing an increase of 7.8%[14]

Financial Performance - The company's operating revenue for the third quarter was ¥96,166,728.26, representing a year-on-year increase of 15.73%[3] - The total profit for the third quarter was a loss of ¥3,206,505.36, with a net profit attributable to shareholders of ¥-4,187,899.74[3] - The net profit attributable to shareholders after excluding non-recurring gains and losses was ¥-14,532,248.60 for the third quarter[3] - The basic and diluted earnings per share for the third quarter were both ¥-0.01[4] - For the period from the beginning of the year to the end of the reporting period, the net profit attributable to shareholders of the listed company was 101.30 million yuan, an increase compared to the same period last year, primarily due to increased revenue and investment income[9] - The company reported a net profit attributable to shareholders of 41.99 million yuan for the first three quarters, marking a turnaround from losses in the previous year[13] - Net profit for the first three quarters of 2025 was ¥41,778,955.00, a significant recovery from a net loss of ¥56,993,655.46 in the same period of 2024[31] - Basic and diluted earnings per share were both 0.10 RMB, an improvement from -0.13 RMB in the previous period[32] - Net cash flow from operating activities was 8,174,929.64 RMB, a significant recovery from -67,810,439.31 RMB in the previous year[33] - Net profit for the first three quarters of 2025 was CNY 65,820,449.39, a significant recovery from a net loss of CNY 1,351,655.64 in the first three quarters of 2024[40] Revenue and Growth - For the first three quarters of 2025, the company achieved operating revenue of 314.61 million yuan, a year-on-year increase of 12.71%[13] - The main business revenue for the same period was 314.10 million yuan, with a year-on-year growth of 12.83%[14] - Domestic revenue accounted for 73.34% of the main business income, amounting to 230.38 million yuan, with a year-on-year increase of 20.20%[14] - The EDA software licensing business generated revenue of 212.07 million yuan, representing a year-on-year growth of 10.71% and accounting for 67.52% of the main business revenue[14] - The semiconductor device characteristic testing system business saw revenue of 40.39 million yuan, with a year-on-year increase of 40.29%[14] - The technology development solution business achieved revenue of 61.64 million yuan, reflecting a significant year-on-year growth of 89.58%[14] - Total operating revenue for the first three quarters of 2025 reached ¥314,611,408.17, an increase of 12.7% compared to ¥279,139,681.71 in the same period of 2024[30] - Operating revenue for the first three quarters of 2025 reached CNY 274,646,258.96, an increase of 9.5% compared to CNY 250,763,115.64 in the same period of 2024[40] Expenses and Investments - Research and development expenses totaled ¥64,757,372.37, accounting for 67.34% of operating revenue, a decrease of 14.11 percentage points compared to the previous year[4] - Research and development expenses amounted to ¥195,182,482.48, slightly up from ¥187,712,205.01, indicating continued investment in innovation[30] - Research and development expenses increased to CNY 144,001,114.71, up from CNY 129,367,498.03 in the previous year, reflecting a focus on innovation[40] - The company invested up to 25 million RMB in the Shanghai Linke Xilun Venture Capital Partnership, holding approximately 14.41% of the partnership after contributing 19.27 million RMB[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,462,999,311.12, showing a slight decrease of 0.11% from the previous year[4] - The total assets as of the reporting date were ¥2,462,999,311.12, a slight decrease from ¥2,465,703,479.40[28] - Total liabilities decreased to ¥424,641,775.09 from ¥493,433,555.61, showing a reduction of approximately 14%[28] - The company's equity increased to ¥2,038,357,536.03, up from ¥1,972,269,923.79, reflecting a growth of about 3.3%[28] - The total assets as of September 30, 2025, were 2,816,984,745.72 RMB, compared to 2,708,159,701.69 RMB at the same time last year, indicating an increase of approximately 4.0%[37] - Total liabilities amounted to 576,225,001.42 RMB, slightly up from 555,245,640.01 RMB in the previous year[38] - The total equity attributable to shareholders was 2,240,759,744.30 RMB, an increase from 2,152,914,061.68 RMB year-over-year, reflecting a growth of about 4.1%[38] Cash Flow - The company reported a cash flow from operating activities of ¥8,174,929.64 for the year-to-date period[4] - Cash inflow from operating activities for the first three quarters of 2025 was 450,802,932.88 RMB, up from 268,488,473.47 RMB in the same period of 2024, representing a growth of approximately 67.5%[33] - Cash inflow from investment activities totaled 5,973,865,954.48 RMB, while cash outflow was 6,890,162,001.04 RMB, resulting in a net cash flow of -916,296,046.56 RMB[34] - The company reported a significant increase in cash received from sales of goods and services, totaling 420,629,368.96 RMB, compared to 243,540,991.26 RMB in the previous year, marking a growth of approximately 72.6%[33] - The company reported a significant increase in cash received from sales, totaling CNY 317,581,728.73, compared to CNY 194,969,447.80 in the previous year[43] Shareholder and Corporate Governance - The company increased its board members from 7 to 9, adding 1 director and 1 employee director[15] - The company plans to issue shares and pay cash to acquire assets, with a shareholder meeting scheduled for December 18, 2025, to review related proposals[17] - The company transferred 5% of its shares (21,758,893 shares) to a strategic investor at a price of 28.16 RMB per share, totaling approximately 612.73 million RMB[19] - The company achieved an A-level rating in the information disclosure evaluation for three consecutive years, reflecting high compliance recognition from regulatory authorities[24] Other Financial Metrics - Non-recurring gains for the period amounted to ¥10,344,348.86, with significant contributions from government subsidies and financial asset disposals[6] - The weighted average return on equity decreased by 0.21 percentage points to -0.21%[4] - Other comprehensive income after tax was reported at ¥2,233,024.33, compared to a loss of ¥577,978.30 in the previous year, showing a positive turnaround[31] - The total comprehensive income attributable to minority shareholders was -211,788.05 RMB, compared to 171,014.51 RMB in the previous period[32] - The company experienced a fair value gain of CNY 32,455,019.13, contrasting with a loss of CNY 22,630,254.65 in the previous year, indicating improved asset valuation[40]

云南省贵金属新材料控股集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 云南省贵金属新材料控股集团股份有限公司 2025 年第三季度报告 证券代码：600459 证券简称：贵研铂业 | 经营活动产生的现金流 | 不适用 | 不适用 | 225,276,685.50 | 不适用 | | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.23 | 35.29 | 0.66 | 11.86 | | | 稀释每股收益（元/股） | 0.23 | 35.29 | 0.66 | 11.86 | | | 加权平均净资产收益率 | 2.38 | 增加 0.51 | 6.86 | 增加 0.24 个百 | | | （%） | | 个百分点 | | 分点 | | | | | | | 本报告期末比 | | | | 本报告期末 | | 上年度末 | 上年度末增减 | | | | | | | 变动幅 ...

Financial Performance - The company's operating revenue for the third quarter was ¥7,307,505,321.15, a decrease of 9.92% compared to the same period last year[4] - The total profit for the quarter was ¥503,392,800.28, down 8.38% year-on-year[4] - The net profit attributable to shareholders was ¥420,384,247.47, reflecting a decline of 13.42% compared to the previous year[4] - The company reported non-recurring gains and losses totaling ¥28,078,540.96 for the quarter[7] - Total operating revenue for the first three quarters of 2025 was CNY 19,565,615,760.18, a decrease of 1.54% compared to CNY 19,872,323,359.42 in the same period of 2024[17] - The company's operating revenue for the first three quarters of 2025 was CNY 142.44 million, down 16.67% from CNY 170.88 million in the same period of 2024[28] - The net profit for the first three quarters of 2025 was CNY 182.31 million, a decline of 52.00% compared to CNY 380.79 million in 2024[29] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2025 expected to stabilize despite revenue fluctuations[17] Cash Flow - The cash flow from operating activities decreased significantly by 65.76% to ¥1,346,849,927.72[4] - Cash flow from operating activities generated a net amount of CNY 2,632,651,830.66, a decrease from CNY 4,313,149,076.49 in the same period last year[21] - Investment activities resulted in a net cash outflow of CNY -851,707,309.57, compared to a net inflow of CNY 1,404,800,659.26 in the previous year[22] - Cash flow from financing activities yielded a net inflow of CNY 1,918,986,635.64, a significant improvement from a net outflow of CNY -7,685,409,519.35 in the prior year[22] - In the first three quarters of 2025, the net cash flow from operating activities was -566,439,308.77, a significant decrease compared to 2,916,903,905.60 in the same period of 2024[32] - Cash outflow for operating activities totaled 3,214,632,942.17 in 2025, compared to 1,706,118,611.54 in 2024[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥131,793,328,799.44, an increase of 4.29% from the end of the previous year[5] - Total current assets reached CNY 24,266,685,433.28 in 2025, up from CNY 18,128,439,440.02 in 2024, marking a growth of 33.9%[13] - Total assets amounted to CNY 131,793,328,799.44 in 2025, compared to CNY 126,367,137,897.71 in 2024, an increase of 4.0%[14] - Total liabilities increased to CNY 100,699,797,338.99 in 2025 from CNY 95,761,458,712.16 in 2024, reflecting a rise of 5.5%[15] - The total assets of the company reached CNY 72.28 billion as of September 30, 2025, compared to CNY 65.26 billion at the end of 2024, marking an increase of approximately 10.00%[26] - Total liabilities rose to CNY 34.17 billion in 2025 from CNY 26.49 billion in 2024, reflecting an increase of about 29.00%[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 261,428[10] - The largest shareholder, China Ocean Shipping Group Co., Ltd., holds 35.07% of the shares[10] Equity and Earnings - The weighted average return on equity was 1.36%, a decrease of 0.24 percentage points compared to the same period last year[5] - The company's equity attributable to shareholders rose to CNY 30,714,303,878.01 in 2025 from CNY 30,295,773,944.38 in 2024, a growth of 1.38%[15] - The company reported a basic and diluted earnings per share of CNY 0.1045, up from CNY 0.1019 in the previous period[19] - Total comprehensive income for the current period was CNY 1,323,417,315.55, down from CNY 1,644,202,409.49 in the previous year[19] - The company's total equity decreased to CNY 38.11 billion in 2025 from CNY 38.77 billion in 2024, a decline of approximately 1.71%[26] Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 19,454,139,542.15, down from CNY 19,910,903,282.92 in 2024, reflecting a reduction of 2.29%[17] - Operating costs decreased to CNY 143.88 million in 2025 from CNY 165.97 million in 2024, indicating a reduction of approximately 13.33%[28] - Financial expenses increased slightly to CNY 400.99 million in 2025 from CNY 398.91 million in 2024, with interest expenses rising to CNY 396.50 million[29] - The company incurred tax expenses of CNY 316,864,300.58, compared to CNY 173,249,764.10 in the previous period, indicating a rise of approximately 83.0%[18] - Research and development expenses were CNY 538.85 million in 2025, down from CNY 690.49 million in 2024, indicating a reduction of about 22.00%[28]

Financial Performance - The company's operating revenue for the third quarter reached ¥13,320,095,326.63, an increase of 13.28% compared to the same period last year[4] - Total profit for the quarter was ¥871,921,728.89, reflecting a significant increase of 60.88% year-over-year[4] - Net profit attributable to shareholders was ¥288,403,001.45, up by 7.71% compared to the same quarter last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥40.97 billion, an increase of 11.5% compared to ¥36.62 billion in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥2.79 billion, up 99.9% from ¥1.40 billion in the same period of 2024[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥1.21 billion, representing a 62.5% increase from ¥743 million in the same period of 2024[21] - The company reported a total comprehensive income of ¥2.56 billion for the first three quarters of 2025, compared to ¥1.31 billion in the same period of 2024[20] - The net profit for the first three quarters of 2025 reached CNY 602,388.82 million, a substantial rise from CNY 73,285.86 million in 2024, reflecting a growth of approximately 720%[30] - The total profit for the first three quarters of 2025 was CNY 607,779.65 million, compared to CNY 77,443.47 million in 2024, marking an increase of about 684%[29] Cash Flow and Investments - The net cash flow from operating activities decreased by 50.16% to ¥2,269,502,085.32 due to rising raw material costs[5] - Operating cash inflow for the first three quarters of 2025 reached CNY 47.05 billion, an increase of 3.65 billion or 8.4% compared to CNY 43.47 billion in the same period of 2024[23] - Net cash flow from operating activities decreased to CNY 7.56 billion in 2025 from CNY 9.32 billion in 2024, a decline of 19%[23] - Cash inflow from investment activities totaled CNY 4.84 billion in 2025, significantly higher than CNY 0.997 billion in 2024, marking a 384% increase[24] - Net cash flow from investment activities was negative at CNY -1.44 billion in 2025, an improvement from CNY -2.73 billion in 2024[24] - The company experienced a net cash outflow from operating activities of CNY -25,816.19 million in 2025, an improvement from CNY -37,514.65 million in 2024[31] - Investment activities generated a net cash inflow of CNY 975,325.39 million in 2025, compared to CNY 643,005.48 million in 2024, showing a growth of approximately 52%[32] Assets and Liabilities - Total assets as of the end of the reporting period were ¥114,657,432,186.18, representing a 5.24% increase from the previous year[5] - Total assets increased to ¥114.66 billion from ¥108.95 billion, representing a growth of approximately 5.5%[15] - The company's total liabilities as of the end of the reporting period amounted to ¥61.68 billion, an increase from ¥57.99 billion at the end of the previous year[19] - The company’s total liabilities increased to ¥88.71 billion from ¥82.62 billion, reflecting a growth of approximately 7.5%[15] - The company reported a total non-current asset value of ¥25.95 billion, a slight decrease from ¥26.33 billion[15] - The company’s derivative financial liabilities decreased significantly from ¥61.16 million to ¥0.75 million, indicating a reduction of approximately 98.8%[15] - Total liabilities decreased to CNY 303.37 million in 2025 from CNY 389.50 million in 2024, a reduction of 22%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 75,068, indicating a stable shareholder base[11] - The top shareholder, China Shipbuilding Industry Group, holds 25.01% of the shares, maintaining significant control over the company[12] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥1.96 billion, an increase of 23.4% compared to ¥1.59 billion in the same period of 2024[19] Future Plans - The company plans to continue focusing on cost control and enhancing product profitability, which contributed to the increase in net profit margins[10] - The company plans to continue focusing on investment and expansion strategies to enhance its market position and financial performance in the upcoming quarters[33]

Financial Performance - The company's operating revenue for the third quarter reached CNY 4,142,484,558.85, an increase of 4.65% compared to the same period last year[4] - Total profit for the third quarter was CNY 167,552,615.35, representing a significant increase of 229.66% year-over-year[4] - Net profit attributable to shareholders for the third quarter was CNY 128,736,226.65, up 218.53% from the previous year[4] - The net profit excluding non-recurring gains and losses for the third quarter was CNY 114,111,885.28, an increase of 297.57% year-over-year[4] - Basic earnings per share for the third quarter were CNY 0.0911, reflecting a growth of 218.53% compared to the same period last year[5] - The total profit for the year-to-date period reached CNY 823,665,847.06, marking a 308.67% increase compared to the same period last year[4] - The net profit attributable to shareholders for the year-to-date period was CNY 655,122,582.54, up 249.84% year-over-year[4] - Net profit for the first three quarters of 2025 was RMB 732.23 million, compared to RMB 250.23 million in the same period of 2024, representing a 192.66% increase[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 55,880,894,026.45, a 4.26% increase from the end of the previous year[5] - The total current assets increased to CNY 34,823,620,601.90, up from CNY 32,140,949,910.03 in the previous year, marking an increase of approximately 8.36%[18] - The total liabilities rose to CNY 34,514,180,968.27, compared to CNY 32,425,656,525.38 in the previous year, indicating an increase of about 6.43%[19] - The total assets reached CNY 55,880,894,026.45, up from CNY 53,596,113,615.25, reflecting a growth of approximately 4.26%[20] Cash Flow - The company reported a net cash flow from operating activities of CNY -63,352,355.70 for the year-to-date period[4] - The net cash flow from operating activities improved, with a decrease of CNY 4,898,287,705.31 compared to the previous year, totaling CNY -63,352,355.70[15] - The company reported a net cash outflow from operating activities of RMB 63.35 million, an improvement from a net outflow of RMB 4.90 billion in the same period of 2024[26] - Cash inflow from operating activities totaled RMB 16.24 billion, compared to RMB 11.65 billion in the previous year, marking a 39.00% increase[26] - The net cash flow from financing activities showed a significant increase of 362.31%, totaling CNY -1,265,130,895.10 compared to CNY 482,295,598.43 in the previous year[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 75,893[12] - HKSCC NOMINEES LIMITED holds 41.74% of shares, totaling 589,955,392 shares[12] - China Shipbuilding Industry Group Co., Ltd. holds 34.05% of shares, totaling 481,337,700 shares[12] Expenses and Income - Trading financial assets increased by 156.33% to ¥3,002,776.11 from ¥1,171,434.07[14] - Accounts receivable increased by 57.77% to ¥2,093,542,235.01 from ¥1,326,920,478.98[14] - Inventory increased by 36.80% to ¥8,078,962,068.16 from ¥5,905,684,446.80[14] - Long-term borrowings decreased by 69.06% to ¥1,252,900,000.00 from ¥4,048,900,000.00[14] - Investment income increased by 255.75% to ¥530,150,965.19 from ¥149,025,346.14[14] - Sales expenses increased by 91.99% to ¥76,284,580.15 from ¥39,732,785.77[14] - Other income increased by 49.21% to ¥116,654,021.95 from ¥78,179,325.19[14] - Research and development expenses rose to RMB 766.06 million, an increase of 10.34% from RMB 694.51 million in 2024[21] - The company recorded a significant increase in tax expenses, amounting to RMB 91.43 million, compared to a tax benefit of RMB 48.68 million in the previous year[22] Fair Value and Impairment - The fair value change income decreased by CNY 87,780,681.11, resulting in a total of CNY 13,798,408.16 for the current year[15] - Credit impairment losses increased by CNY 30,295,156.46, reflecting a rise in bad debt provisions for accounts receivable[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 13,713,952,076.39 from CNY 15,260,594,444.32, a decline of about 10.14%[17] - The ending balance of cash and cash equivalents was $7,206,036,053.11, up from $5,956,800,803.04 in the previous period[27] - The net increase in cash and cash equivalents was -$706,614,598.07, an improvement from -$3,744,359,271.80[27] - The impact of exchange rate changes on cash and cash equivalents was -$27,466,334.28, worsening from -$8,954,418.18[27]

Financial Performance - Total revenue for Q3 2025 was RMB 104,895 million, an increase of 5.7% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was RMB 32,438 million, a decrease of 12.2% year-on-year[5]. - The company achieved oil and gas sales revenue of approximately RMB 255.48 billion, a decline of 5.9% year-on-year, primarily due to falling oil prices[18]. - The net profit attributable to shareholders of the parent company was RMB 101.97 billion, a decrease of 12.6% year-on-year[18]. - Operating revenue for the first three quarters of 2025 was CNY 328,544 million, a decrease from CNY 352,091 million in the same period of 2024, representing a decline of approximately 6.7%[29]. - Net profit for the first three quarters of 2025 was CNY 102,061 million, down from CNY 116,684 million in 2024, reflecting a decrease of about 12.6%[28]. - The company's operating profit for the current period was CNY 139,415 million, compared to CNY 154,399 million in the previous year, indicating a decline of approximately 9.7%[28]. - Total comprehensive income for the first three quarters of 2025 was CNY 98,367 million, down from CNY 113,634 million in 2024, reflecting a decline of about 13.4%[28]. - The company reported a basic and diluted earnings per share of CNY 2.14, down from CNY 2.45 in the previous year, indicating a decrease of approximately 12.7%[28]. Production and Sales - Oil and gas sales revenue for Q3 2025 was RMB 83,737 million, down 3.0% from RMB 86,320 million in Q3 2024[11]. - In the first three quarters of 2025, the company's net oil and gas production reached 578.3 million barrels of oil equivalent, an increase of 6.7% year-on-year, with natural gas production rising by 11.6%[17]. - In Q3 2025, total oil equivalent production reached 134.4 million barrels, a significant increase from 121.5 million barrels in Q3 2024, representing an increase of approximately 10.4%[20]. - For the first three quarters of 2025, total oil equivalent production was 400.8 million barrels, compared to 369.2 million barrels in the same period of 2024, marking a growth of about 8.6%[21]. Capital Expenditures and Investments - Capital expenditures for Q3 2025 totaled RMB 28,434 million, a decrease of 11.7% compared to RMB 32,213 million in Q3 2024[11]. - Capital expenditures for the company were approximately RMB 86 billion, a decrease of 9.8% year-on-year, mainly due to reduced workload on ongoing projects[19]. - Investment activities resulted in a net cash outflow of CNY 101,375 million, compared to a net outflow of CNY 118,317 million in the same period last year, showing an improvement of about 14.3%[30]. Assets and Liabilities - Total assets as of the end of the reporting period were RMB 1,126,474 million, an increase of 6.6% from RMB 1,056,281 million at the end of the previous year[6]. - Total liabilities as of September 30, 2025, were CNY 338,906 million, up from CNY 306,845 million at the end of 2024, reflecting an increase of approximately 10.5%[23]. - The company reported a total equity of CNY 787,568 million as of September 30, 2025, compared to CNY 749,436 million at the end of 2024, indicating an increase of about 5.1%[23]. - The company's cash and cash equivalents stood at CNY 242,029 million as of September 30, 2025, compared to CNY 154,196 million at the end of 2024, showing a substantial increase of about 57%[22]. Pricing and Costs - Average realized price for crude oil in Q3 2025 was USD 66.62 per barrel, down 12.8% from USD 76.41 per barrel in Q3 2024[11]. - Average realized price for natural gas in Q3 2025 was USD 7.80 per thousand cubic feet, an increase of 0.6% compared to USD 7.75 in Q3 2024[11]. - The average realized oil price for the company was $68.29 per barrel, a decrease of 13.6% year-on-year, while the average realized gas price was $7.86 per thousand cubic feet, an increase of 1.0%[18]. - The company's main oil cost per barrel was $27.35, a decrease of 2.8% year-on-year, indicating effective cost control[18]. - The Brent crude oil futures average price was $69.91 per barrel, down 14.6% year-on-year, reflecting a volatile international oil price environment[17]. Research and Development - Research and development expenses amounted to CNY 1,112 million, slightly down from CNY 1,222 million in the previous year, showing a decrease of about 9.0%[28]. - New product and technology developments are underway, aimed at enhancing operational efficiency and reducing costs in the upcoming quarters[20]. Operational Efficiency - The company maintained a resilient profitability despite the challenges in the global economic landscape[17]. - Cash flow from operating activities generated a net amount of CNY 171,749 million, compared to CNY 182,768 million in the same period last year, a decrease of approximately 6.0%[29]. - The company experienced a foreign exchange loss of CNY 256 million during the period, compared to a loss of CNY 370 million in the previous year, indicating a reduction in losses[30].

Financial Performance - The company's operating revenue for Q3 2025 was CNY 499,048,523.37, representing a decrease of 6.75% compared to CNY 535,148,150.83 in the same period last year[5] - The total profit for the quarter was CNY 26,483,713.94, a significant increase of 666.63% from a loss of CNY 50,778,234.58 in the previous year[5] - The net profit attributable to shareholders was a loss of CNY 6,978,598.79, an improvement from a loss of CNY 50,792,897.02 year-over-year[5] - The basic earnings per share for the quarter was -0.0394, improving from -0.2871 in the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,729,476,089.48, an increase from ¥1,686,311,991.77 in the same period of 2024, representing a growth of approximately 2.55%[22] - Net profit for the first three quarters of 2025 was ¥90,306,478.66, a significant recovery from a net loss of ¥1,541,919.73 in 2024[23] - The total profit for the first three quarters of 2025 was ¥138,602,075.56, a substantial increase from ¥18,079,464.02 in 2024[23] Cash Flow - The net cash flow from operating activities for the quarter was CNY 37,114,133.37, a decrease of 72.73% compared to CNY 136,082,259.98 in the previous year[5] - The company reported a net cash flow from operating activities of ¥356,903,812.18 for the first three quarters of 2025, compared to ¥319,289,972.61 in 2024, indicating an increase of approximately 11.8%[28] - Cash and cash equivalents at the end of the third quarter of 2025 totaled ¥227,762,335.36, up from ¥107,905,664.53 at the end of the same period in 2024, reflecting a growth of about 110.9%[29] - The company’s financing activities generated a net cash outflow of ¥159,853,222.40 in 2025, an improvement from a net outflow of ¥200,977,775.39 in 2024[29] - The company received cash inflows from financing activities totaling ¥1,012,025,423.80 in 2025, compared to ¥1,515,000,000.00 in 2024, indicating a decrease of approximately 33.3%[29] Assets and Liabilities - The company reported a total asset value of CNY 3,355,214,064.72, a slight decrease of 0.42% from CNY 3,369,366,773.86 at the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥987,859,942.38, an increase from ¥929,063,959.47 as of December 31, 2024[17] - Total non-current assets decreased to ¥2,367,354,122.34 from ¥2,440,302,814.39[17] - Total current liabilities are ¥955,613,455.34, down from ¥1,223,474,163.32[18] - Total non-current liabilities increased to ¥1,974,570,029.95 from ¥1,865,958,234.28[18] - Total liabilities amount to ¥2,930,183,485.29, compared to ¥3,089,432,397.60 previously[18] - The total equity attributable to shareholders of the parent company is ¥237,979,819.73, up from ¥221,023,281.42[19] - The company reported a net loss of ¥248,747,888.21 in retained earnings, an improvement from a loss of ¥263,834,096.11[19] Business Developments - The company attributed the improved profit margins to the addition of corrugated paper business and enhanced profitability of acetate fiber products[11] - The company completed the acquisition of a 67% stake in Sichuan Pushi Acetate Fiber Co., Ltd., which contributed to the financial adjustments in the previous year's data[7] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,100[13] - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 79,368,520 shares, representing 44.87% of total shares[13] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥36,618,979.73, slightly down from ¥39,647,148.33 in 2024, a decrease of approximately 5.1%[22]

山鹰国际控股股份公司 2025 年第三季度报告 （一） 主要会计数据和财务指标 证券代码：600567 证券简称：山鹰国际 山鹰国际控股股份公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比上 年同期增减变动幅度 | | --- | --- | --- | --- | --- | | | | 期增减变动幅度(%) | | | | | | | | (%) | | 营业收入 | 7,290,881,469.43 | -0.77 | 21,133,070,929.82 ...