浙江巍华新材料股份有限公司 2025 年第三季度报告 证券代码：603310 证券简称：巍华新材 浙江巍华新材料股份有限公司 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： 公司董事会及董事、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 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 222,731,404.53 | 51.46 | 659,995,166.09 | -15.18 | | 利润总额 | 27,145,1 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥352,573,478.86, representing a year-on-year increase of 22.98%[4] - The total profit for the quarter was ¥51,958,644.14, reflecting a growth of 22.41% compared to the same period last year[4] - The net profit attributable to shareholders was ¥44,635,052.88, an increase of 18.12% year-on-year[4] - The basic earnings per share for the quarter was ¥0.16, up by 14.29% from the previous year[5] - The total operating revenue for the first three quarters of 2025 reached CNY 1,024,468,107.74, an increase of 21.7% compared to CNY 841,506,267.56 in the same period of 2024[17] - The net profit for the first three quarters of 2025 reached CNY 151,670,605.99, an increase of 17.4% compared to CNY 129,193,285.56 in the same period of 2024[19] - The total comprehensive income for the first three quarters of 2025 was CNY 151,670,605.99, compared to CNY 129,193,285.56 in 2024, reflecting an increase of 17.4%[19] - The net profit for the first three quarters of 2025 was CNY 339,087,230.17, representing a significant increase of 190.5% from CNY 116,527,349.77 in the first three quarters of 2024[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,654,831,966.45, marking an 8.85% increase from the end of the previous year[5] - The total assets of the company as of September 30, 2025, were CNY 1,654,831,966.45, compared to CNY 1,520,245,474.05 at the end of 2024, showing an increase of 8.8%[15] - The total assets as of September 30, 2025, amounted to CNY 1,675,660,323.30, compared to CNY 1,540,943,091.81 at the end of 2024, reflecting a growth of 8.7%[28] - The total liabilities as of September 30, 2025, were CNY 400,423,552.28, compared to CNY 361,121,263.02 at the end of 2024, reflecting a growth of 10.9%[14] - The total liabilities decreased to CNY 454,974,927.19 as of September 30, 2025, down from CNY 602,018,217.13 at the end of 2024, indicating a reduction of 24.5%[27] Shareholder Information - The number of common shareholders at the end of the reporting period was 22,848[10] - The top shareholder, Taizhou Wucheng Industrial Development Co., Ltd., holds 29.69% of the shares, totaling 80,363,400 shares[10] - The equity attributable to shareholders increased to ¥1,254,408,414.17, which is an 8.22% rise compared to the previous year-end[5] - The total equity increased to CNY 1,220,685,396.11 as of September 30, 2025, compared to CNY 938,924,874.68 at the end of 2024, representing a growth of 30%[28] Cash Flow - The company reported a net cash flow from operating activities of ¥97,211,239.19 for the year-to-date period[5] - Cash flow from operating activities generated a net amount of CNY 97,211,239.19, a significant recovery from a negative cash flow of CNY -4,076,871.53 in the previous year[23] - Cash inflow from operating activities totaled $799.73 million, an increase of 25.5% compared to $637.39 million in the previous period[34] - Net cash flow from operating activities was $96.62 million, a significant recovery from a net outflow of $5.01 million in the prior period[34] - The ending cash and cash equivalents balance was $86.50 million, up from $36.05 million at the end of the previous period[34] Expenses and Costs - The total operating costs for the first three quarters of 2025 were CNY 864,505,321.66, up from CNY 704,859,206.04 in 2024, reflecting a growth of 22.6%[17] - The total operating expenses for the first three quarters of 2025 were CNY 723,516,100.15, compared to CNY 652,574,851.89 in 2024, reflecting an increase of 10.9%[23] - The company reported a total tax expense of CNY 21,494,831.77 for the current period, up from CNY 13,977,945.52 in the previous year, representing an increase of 54.0%[19] - Payments to employees increased to $208.04 million from $165.20 million, representing a rise of 25.9%[34] Investments and Capital - The company completed a capital increase of CNY 40 million in Haohai Xingkong, acquiring a 10% stake, and plans to establish a joint venture with a registered capital of CNY 20 million[11] - The company reported an investment income of CNY 206,200,000.00 for the first three quarters of 2025, a significant increase compared to CNY 481,960.29 in the same period of 2024[29] Inventory and Cash Equivalents - The company's inventory as of September 30, 2025, was CNY 260,878,644.07, an increase from CNY 237,006,977.81 at the end of 2024, representing a growth of 10.1%[13] - The company's cash and cash equivalents as of September 30, 2025, amounted to CNY 128,534,822.50, compared to CNY 107,576,655.75 at the end of 2024, indicating a 19.5% increase[12] - Cash and cash equivalents at the end of the period amounted to CNY 87,324,752.79, a decrease from CNY 39,057,556.10 in the previous year[24] - The company's cash and cash equivalents increased to CNY 127,708,440.57 as of September 30, 2025, up from CNY 107,344,023.14 at the end of 2024[26] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 39,181,033.92, slightly up from CNY 36,040,259.23 in the same period of 2024[29] Credit and Impairment - The company incurred a credit impairment loss of CNY 8,819,599.19, compared to CNY 915,362.67 in the previous year, indicating a significant increase in credit risk[19] Accounting Standards - The company will not apply new accounting standards starting from 2025[35]

Here's the professionally structured report outline based on your requirements: Report Overview [Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume legal responsibility - The company's person in charge, chief accountant, and head of accounting department declare the financial information is true, accurate, and complete[3](index=3&type=chunk) - The third-quarter financial accounting report is unaudited[4](index=4&type=chunk) Key Financial Data [Key Accounting Data and Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This period, the company achieved significant growth in operating revenue and net profit attributable to shareholders, with net profit increasing over 115% year-on-year, and year-to-date net cash flow from operating activities growing by 95.55% Key Accounting Data and Financial Indicators (Current Reporting Period and Year-to-Date) | Indicator | Current Reporting Period | Change from Same Period Last Year | Year-to-Date | Change from Same Period Last Year (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 726,526,337.54 | 31.47% | 1,804,840,926.80 | 26.97% | | Net Profit Attributable to Shareholders of Listed Company (Yuan) | 48,708,230.21 | 115.85% | 68,964,940.65 | 3.73% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses (Yuan) | 46,023,792.97 | 118.02% | 60,945,172.59 | 15.69% | | Net Cash Flow from Operating Activities (Yuan) | -- | -- | 143,145,874.10 | 95.55% | | Basic Earnings Per Share (Yuan/share) | 0.2200 | 4.76% | 0.22 | 4.76% | | Diluted Earnings Per Share (Yuan/share) | 0.2200 | 4.76% | 0.22 | 4.76% | | Weighted Average Return on Net Assets | 2.56% | 1.29% | 0.04% | 3.68% | | **Period-End Balance** | **End of Last Fiscal Year** | **Change from End of Last Fiscal Year** | | | | Total Assets (Yuan) | 3,425,698,679.20 | 3,212,095,668.71 | 6.65% | | | Total Equity Attributable to Shareholders of Listed Company (Yuan) | 1,916,082,869.00 | 1,795,249,431.36 | 6.73% | | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) The company's non-recurring gains and losses totaled 2,716,555.16 Yuan for the current period and 8,019,768.06 Yuan year-to-date, primarily from government subsidies and entrusted investment income, alongside losses from non-current asset disposals Non-Recurring Gains and Losses Items and Amounts (Unit: Yuan) | Item | Amount for Current Reporting Period | Amount from Year-Beginning to End of Reporting Period | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | -100,251.07 | -108,537.18 | | Government Subsidies Recognized in Current Period's Profit and Loss | 2,087,910.82 | 7,711,857.70 | | Gains and Losses from Entrusted Investments or Asset Management | 801,446.99 | 1,577,388.25 | | Gains from Investment Cost Being Less Than Fair Value of Identifiable Net Assets of Investee at Acquisition (Subsidiaries, Associates, Joint Ventures) | 418,866.03 | 418,866.03 | | Other Non-Operating Income and Expenses Apart from the Above | -53,658.12 | -68,573.02 | | Less: Income Tax Impact | 426,453.49 | 1,382,956.55 | | Impact on Minority Interests (After Tax) | 11,306.00 | 128,277.17 | | Total | 2,716,555.16 | 8,019,768.06 | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) This period, the company's balance sheet, income statement, and cash flow statement show significant changes across multiple indicators [Significant Changes in Balance Sheet Items](index=3&type=section&id=1%E3%80%81%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Several balance sheet items experienced significant period-end changes from the period-beginning, with financial assets held for trading increasing by 71.85% due to cash management, and goodwill surging by 26621.77% from an acquisition Significant Changes in Balance Sheet Items (Unit: Yuan) | Balance Sheet Item | Period-End Balance | Change Percentage | Reason for Change | | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 110,000,000.00 | 71.85% | Increase in cash management balance compared to period beginning | | Notes Receivable | 61,206,082.71 | -41.97% | Notes matured and were cashed, reducing notes receivable balance compared to period beginning | | Contract Assets | 266,400,997.43 | 29.00% | Business growth led to an increase in contract assets compared to period beginning | | Investments in Other Equity Instruments | 9,674,112.55 | 1489.43% | New investment activities led to an increase compared to period beginning | | Goodwill | 5,931,110.61 | 26621.77% | Acquisition of equity in a former joint venture achieved control, resulting in goodwill | | Notes Payable | 35,903,408.71 | 60.00% | Increase in notes issued for goods payment compared to period beginning | | Other Comprehensive Income | 69,346,357.15 | 1227.52% | Foreign currency financial statement translation difference | [Significant Changes in Income Statement Items](index=3&type=section&id=2%E3%80%81%E5%88%A9%E6%B6%A6%E8%A1%A8%E9%A1%B9%E7%9B%AE%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Income statement items show notable changes, with financial expenses increasing by 135.56% due to reduced interest income, and investment income decreasing significantly by 972.81% primarily from cash management returns and a change in accounting method for a foreign equity-accounted entity Significant Changes in Income Statement Items (Unit: Yuan) | Income Statement Item | Period-End Balance | Change Percentage | Reason for Change | | :--- | :--- | :--- | :--- | | Financial Expenses | 645,205.18 | 135.56% | Interest income decreased compared to the same period last year | | Other Income | 16,147

Financial Performance - Revenue for Q3 2025 was CNY 183,571,907.87, a decrease of 30.58% year-over-year[5] - Net profit attributable to shareholders was a loss of CNY 24,069,752.90, down 1,238.74% compared to the same period last year[5] - Total operating revenue for the current period was RMB 508,971,637.18, a decrease of 24.8% compared to RMB 676,990,291.10 in the previous period[22] - The company reported a net profit of -116,435,458.60 yuan for the current period, compared to -28,002,078.97 yuan in the previous period, indicating a significant increase in losses[24] - Operating profit for the current period was -129,408,272.07 yuan, worsening from -31,437,794.29 yuan year-over-year[24] - The total comprehensive income attributable to the parent company was -114,422,048.69 yuan, worsening from -27,136,941.35 yuan year-over-year[24] - The basic and diluted earnings per share were both -0.4238, compared to -0.1005 in the previous period, indicating a decline in profitability per share[24] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY -70,733,394.14, an increase of 45.88% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of -70,733,394.14 yuan, an improvement from -130,699,328.44 yuan in the previous period[26] - Investment activities generated a net cash inflow of 169,443,072.58 yuan, a significant recovery from a net outflow of -73,064,569.56 yuan previously[26] - The company reported a significant increase of 242.90% in cash received from other operating activities, mainly due to increased government subsidies[11] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,440,996,730.64, a decrease of 6.64% from the end of the previous year[5] - Total assets decreased to RMB 1,440,996,730.64 from RMB 1,543,469,369.99, a reduction of 6.6%[20] - Total liabilities increased to RMB 653,334,137.19 from RMB 631,622,917.94, reflecting a rise of 3.4%[20] - Shareholders' equity decreased to RMB 787,662,593.45 from RMB 911,846,452.05, a decline of 13.6%[20] - The company’s total equity attributable to shareholders decreased by 13.49% to CNY 781,851,820.27 compared to the end of the previous year[5] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,586[13] - The top two shareholders, Beijing Data Group Co., Ltd. and Capital Information Development Co., Ltd., each hold 26.24% of the shares[13] Operational Metrics - Total operating costs amounted to RMB 670,055,347.27, down from RMB 728,376,109.86 in the previous period, reflecting a reduction of 8%[22] - Cash and cash equivalents increased to RMB 413,589,310.21 from RMB 352,396,533.73, representing an increase of 17.3%[18] - Accounts receivable decreased to RMB 423,419,591.95 from RMB 481,948,306.15, a decline of 12.1%[18] - Inventory rose to RMB 158,678,269.37 from RMB 136,315,904.33, indicating an increase of 16.4%[18] - The company paid 419,876,768.38 yuan in employee compensation, up from 393,707,565.41 yuan, reflecting a 6.6% increase in labor costs[26] Corporate Actions - The company completed the transfer of 70,855,789 shares from its controlling shareholder to Beijing Data Group, changing the controlling shareholder without altering the actual controller[15] - The company signed a property transaction contract with Chuangye Heima Technology Group for equity transfer, with the transaction's implementation subject to uncertainty[15] Research and Development - The company incurred research and development expenses of 154,528,890.77 yuan, slightly increasing from 153,715,498.88 yuan, indicating continued investment in innovation[24] Taxation - The company reported a tax expense of -12,972,813.47 yuan, compared to -3,435,715.32 yuan in the previous period, reflecting a higher tax impact despite losses[24]

Financial Performance - The company's revenue for Q3 2025 was ¥84,001,972.26, representing a year-over-year increase of 14.82%[5] - The net profit attributable to shareholders was -¥15,696,394.51, a decrease of 71.01% compared to the same period last year[5] - The basic earnings per share (EPS) was -¥0.08, reflecting a 100% decline year-over-year[5] - Total operating revenue decreased to ¥214.51 million from ¥243.02 million, a decline of approximately 11.7% year-over-year[16] - Net profit attributable to shareholders decreased to -¥52.77 million from -¥23.06 million, indicating a worsening loss[17] - Comprehensive income totalled -¥57.13 million, compared to -¥28.22 million in the previous period, showing a significant increase in losses[18] Assets and Liabilities - Total assets decreased by 14.17% from the end of the previous year, amounting to ¥919,962,557.93[5] - The company’s total equity attributable to shareholders decreased by 8.02% to ¥616,328,881.53 compared to the end of the previous year[5] - Total current assets decreased from ¥784,428,260.36 to ¥663,573,399.34, a decline of approximately 15.4%[12] - Total liabilities decreased to ¥289.55 million from ¥382.52 million, a reduction of about 24.4% year-over-year[14] Cash Flow - Cash flow from operating activities showed a net outflow of -¥88,008,287.39, an increase of 5.18% compared to the previous year[5] - Cash inflow from operating activities was ¥484.04 million, down from ¥778.54 million, a decline of approximately 37.8% year-over-year[19] - Cash outflow from operating activities amounted to ¥572.04 million, compared to ¥871.35 million, a decrease of about 34.3% year-over-year[19] - The net cash flow from operating activities was -$88,008,287.39, compared to -$92,816,235.21 in the previous period, showing a slight improvement[20] - The total cash inflow from investing activities was $860,806.82, up from $685,387.00, while cash outflow was $3,984,926.94, down from $20,401,391.77, resulting in a net cash flow of -$3,124,120.12, an improvement from -$19,716,004.77[20] - Cash inflow from financing activities totaled $101,388,850.00, down from $122,949,340.04, while cash outflow increased to $122,307,719.72 from $76,453,543.58, leading to a net cash flow of -$20,918,869.72, a decline from $46,495,796.46[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,173[10] - The largest shareholder, Wang Guohong, holds 12.65% of the shares, totaling 26,534,796 shares[10] Financial Expenses - The company reported a significant increase in financial expenses, rising to ¥1.72 million from a negative expense of -¥0.25 million in the previous period[16] - The company's financial expenses surged by 794.13% to ¥1,723,910.05, primarily due to a decrease in interest income[8] Other Financial Metrics - The company has not disclosed any new product or technology developments in the current report[10] - Research and development expenses decreased to ¥22.96 million from ¥26.68 million, a reduction of approximately 13.5% year-over-year[16] - The company has not audited its third-quarter financial report[21]

Financial Performance - The company's operating revenue for Q3 2025 was ¥86,041,147.32, representing a 45.97% increase compared to ¥58,946,045.28 in the same period last year[5] - The net profit attributable to shareholders was -¥6,271,322.05, a significant decline of 539.37% from -¥980,862.15 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,062,550.29, reflecting a 289.07% decrease from -¥1,558,234.07 year-on-year[5] - Operating revenue for the first nine months of 2025 reached ¥257.70 million, an increase of 58.86% compared to ¥162.22 million in the same period of 2024, primarily due to increased income from water environment governance projects and sewage treatment operations[11] - The company's net profit for the period is not explicitly stated, but the increase in revenue and costs suggests a focus on growth strategies[24] - The net profit for the current period is -2,823,378.51, compared to -14,737,515.60 in the previous period, indicating an improvement[25] - The total profit for the current period is -3,499,764.03, compared to -17,391,754.69 in the previous period, showing a significant reduction in losses[25] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥14,907,468.08, an improvement of 51.77% compared to -¥30,910,211.41 in the same period last year[5] - The net cash flow from operating activities improved by 51.77%, reaching -¥14.91 million compared to -¥30.91 million in the previous year, mainly due to increased sales collections[11] - The net cash flow from investing activities improved by 46.31% to -¥8.22 million from -¥15.31 million, primarily due to reduced payments for asset construction[11] - The net cash flow from financing activities decreased by 51.57% to ¥20.19 million from ¥41.70 million, mainly due to a reduction in bank borrowings[11] - Operating cash flow for the current period is -14,907,468.08, an improvement from -30,910,211.41 in the previous period[27] - The cash inflow from operating activities totaled 254,344,932.19, compared to 220,169,955.73 in the previous period, indicating growth[27] - The net cash flow from financing activities for the current period is 20,194,774.26, compared to 41,699,130.21 in the previous period, indicating a decrease[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,788,155,187.89, showing a 0.82% increase from ¥1,773,621,507.64 at the end of the previous year[5] - The total assets of the company as of September 30, 2025, were ¥1,788,155,187.89, compared to ¥1,773,621,507.64 at the beginning of the period, showing a growth of approximately 0.8%[22] - The total liabilities increased to ¥973,208,149.93 from ¥957,869,927.46, reflecting a rise of about 1.6%[22] - The company's cash and cash equivalents at the end of the period were ¥71,577,405.57, up from ¥70,810,154.07 at the beginning of the period, reflecting a slight increase of 1.1%[20] - Cash and cash equivalents at the end of the period amount to 57,739,525.59, down from 61,971,361.54 in the previous period[28] Costs and Expenses - Operating costs rose to ¥185.67 million, reflecting a 66.38% increase from ¥111.60 million in the previous year, mainly driven by higher costs associated with water environment governance projects and sewage treatment operations[11] - Total operating costs amounted to ¥255,851,787.42, compared to ¥177,325,340.49 in the prior period, indicating an increase of about 44.2%[24] - Research and development expenses increased by 43.80% to ¥9.22 million from ¥6.41 million, indicating a focus on enhancing R&D capabilities[11] - Research and development expenses for the period were ¥9,220,168.02, up from ¥6,411,747.91, indicating an increase of approximately 43.5%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,331, with the largest shareholder holding 14.10% of the shares[13] - Basic and diluted earnings per share are both -0.01, an improvement from -0.09 in the previous period[26] Other Income and Financial Activities - The company reported a government subsidy of ¥458,430.59 for the current period, with a total of ¥2,029,522.82 year-to-date[7] - Other income surged by 92.86% to ¥2.18 million, up from ¥1.13 million, primarily due to government subsidies received during the reporting period[11] - The company reported a significant increase in non-operating income, which rose by 1,348.23% to ¥354,006.07, primarily from penalties received[11] - Investment income decreased by 47.55% to ¥1.13 million from ¥2.15 million, attributed to reduced profits from joint ventures and financial products[11] - The company experienced a credit impairment loss of -8,090,871.64, compared to -5,300,874.21 in the previous period, highlighting ongoing challenges[25] - Short-term borrowings increased by 44.17% to ¥120,905,983.25, attributed to new loans obtained during the reporting period[10]

Financial Performance - The company's operating revenue for Q3 2025 was ¥141,399,028.33, representing a 3.13% increase year-over-year, while the year-to-date revenue decreased by 2.55% to ¥392,655,821.72[5] - Net profit attributable to shareholders for Q3 2025 was ¥21,641,148.48, a significant increase of 28.96% compared to the same period last year, and a year-to-date increase of 14.71% to ¥72,617,842.77[5] - Basic earnings per share for Q3 2025 was ¥0.0751, up 28.82% year-over-year, with diluted earnings per share also at ¥0.0751[5] - Total operating revenue for the current period is CNY 392,655,821.72, a decrease of 2.8% from CNY 402,925,721.56 in the previous period[18] - Net profit for the current period is CNY 72,617,842.77, an increase of 14.5% compared to CNY 63,307,872.06 in the previous period[19] - Earnings per share (EPS) increased to CNY 0.2521 from CNY 0.2198, representing a growth of 14.4%[20] Assets and Liabilities - Total assets at the end of Q3 2025 reached ¥1,443,616,126.33, reflecting a 2.38% increase from the end of the previous year[5] - Current assets totaled CNY 879,256,716.39, down from CNY 901,714,271.97 at the beginning of the period, indicating a decrease of approximately 2.5%[14] - Non-current assets increased to CNY 564,359,409.94 from CNY 508,368,642.73, reflecting a growth of about 11%[15] - The total liabilities decreased to CNY 216,567,496.67 from CNY 232,387,523.93, showing a reduction of approximately 6.8%[15] - Total liabilities decreased to CNY 225,021,267.57 from CNY 241,765,545.70, a reduction of 6.9%[16] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥14,804,238.40, showing a 5.51% increase[5] - Cash flow from operating activities generated a net amount of CNY 14,804,238.40, slightly up from CNY 14,030,641.34 in the previous period[21] - Cash and cash equivalents at the end of the period were CNY 391,479,629.63, up from CNY 345,230,914.85, indicating an increase of approximately 13.4%[14] Investments - Investment income for Q3 2025 was ¥12,924,163.21, a remarkable increase of 1,579.01% compared to the previous period[8] - Investment income improved significantly to CNY 12,924,163.21 from a loss of CNY 873,836.79 in the previous period[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,297, with the top shareholder holding 45.81% of the shares[9] - Total equity attributable to shareholders increased to CNY 1,218,594,858.76 from CNY 1,168,317,369.00, reflecting a growth of 4.0%[16] Other Financial Metrics - The company received government subsidies amounting to ¥2,107,947.15 during the reporting period, contributing to its financial performance[6] - Other income rose to CNY 9,284,788.67 from CNY 7,517,469.38, an increase of 23.5%[19] - Deferred income increased to CNY 3,850,905.84 from CNY 3,371,835.46, marking a rise of 14.2%[16] Operational Changes - The company reported a 49.16% increase in accounts receivable, totaling ¥39,412,724.03, primarily due to increased credit limits for distributors[8] - The company experienced a 69.76% increase in prepayments, amounting to ¥20,208,693.76, attributed to higher prepayments for testing, exhibitions, and consulting services[8] - Inventory increased to CNY 219,844,431.26 from CNY 182,135,010.43, marking a growth of about 20.7%[14] - The company’s long-term equity investments decreased slightly to CNY 48,372,544.79 from CNY 50,327,967.68, a decline of about 3.9%[15] Audit Information - The company did not undergo an audit for the third quarter financial report[23]

Financial Performance - The company's revenue for Q3 2025 was CNY 226,813,972.75, a decrease of 0.67% compared to the same period last year[3]. - The total profit for the period was CNY 22,536,616.90, down 7.62% year-on-year, while the profit attributable to shareholders was CNY 17,154,542.67, a decrease of 7.98%[3]. - Year-to-date net profit attributable to shareholders reached CNY 95,470,609.11, reflecting a significant increase of 186.19% compared to the previous year[3]. - The basic earnings per share for the year-to-date period was CNY 0.3155, up 178.22% year-on-year[4]. - Total operating revenue for the first three quarters of 2025 reached ¥742,155,038.91, a 26.4% increase from ¥586,813,545.95 in the same period of 2024[18]. - Operating profit for the first three quarters of 2025 was ¥117,802,044.99, compared to ¥48,060,862.21 in 2024, reflecting a significant growth[19]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥95,470,609.11, up 186.5% from ¥33,359,002.13 in 2024[20]. - The company reported a total comprehensive income of ¥106,930,069.73 for the first three quarters of 2025, compared to ¥45,167,721.37 in 2024, indicating a substantial increase[20]. - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.3155, compared to ¥0.1134 in 2024, reflecting a significant improvement[20]. - The net profit for the first three quarters of 2025 reached CNY 68,909,259.08, compared to CNY 11,042,389.47 in the same period of 2024, indicating a significant increase[31]. - The total comprehensive income for the first three quarters of 2025 was CNY 68,909,259.08, compared to CNY 11,042,389.47 in 2024, showing a substantial improvement[31]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,528,779,886.80, a decrease of 1.37% from the end of the previous year[4]. - Total current assets decreased to ¥510,270,787.79 from ¥550,968,196.20, a reduction of approximately 7.4%[14]. - Total assets decreased to ¥1,528,779,886.80 from ¥1,549,998,636.97, a decline of about 1.4%[15]. - The total liabilities decreased to ¥589,360,698.38 in 2025 from ¥674,281,748.28 in 2024, indicating a reduction of approximately 12.6%[16]. - The total equity increased to ¥939,419,188.42 in 2025 from ¥875,716,888.69 in 2024, showing an increase of about 7.3%[16]. - Total current liabilities decreased to ¥498,638,977.14 from ¥587,062,439.17, a reduction of approximately 15.0%[15]. - Total liabilities decreased to ¥326,959,151.93 from ¥421,472,236.43, a reduction of 22.4%[28]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 220,085,937.66, an increase of 121.45% year-on-year[9]. - Cash received from sales of goods and services was ¥883,479,905.49 in the first three quarters of 2025, up from ¥596,609,927.08 in 2024, representing a growth of 47.9%[22]. - Operating cash flow for the first three quarters of 2025 was CNY 158,414,076.12, up from CNY 38,038,024.38 in 2024, reflecting a strong operational performance[33]. - The company reported a net cash outflow from investing activities of CNY 42,163,468.06 in 2025, compared to a larger outflow of CNY 160,775,885.63 in 2024, indicating improved investment management[33]. - The company reported a net cash outflow from investing activities of ¥83,132,337.76, compared to an outflow of ¥226,726,147.45 in the previous period[24]. - Cash inflow from financing activities was ¥149,065,700.00, down 56.5% from ¥342,746,077.46 in the previous period[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,205[11]. - The largest shareholder, Dong Jianjun, holds 79,039,874 shares, representing 26.12% of total shares[11]. - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[12]. Market and Operational Insights - The company has been actively expanding its market presence, leading to significant growth in the packaging and printing business segment[8]. - The increase in sales revenue has positively impacted the company's profit levels and operational efficiency[8]. - Research and development expenses rose to ¥29,130,510.56 in 2025, compared to ¥20,929,229.10 in 2024, marking an increase of 39.1%[19]. - Research and development expenses increased significantly to ¥14,282,225.68, up 87.2% from ¥7,632,411.19 in the previous year[29]. - The company incurred a loss of CNY 1,088,685.32 from asset disposals, while the previous year reported a gain of CNY 63,230.15, indicating a negative shift in asset management[30]. - The company’s income tax expense for the first three quarters of 2025 was CNY 7,900,335.24, compared to a tax benefit of CNY 441,348.30 in 2024, indicating a shift from a loss to profitability[30]. - The company’s operating profit for the first three quarters of 2025 was CNY 76,840,010.97, significantly higher than CNY 10,431,685.41 in 2024, showcasing enhanced operational efficiency[30].

Financial Performance - The company's operating revenue for the third quarter reached ¥267,243,622.23, an increase of 5.57% compared to the same period last year[5] - Net profit attributable to shareholders was ¥63,435,658.83, reflecting a growth of 16.88% year-over-year[5] - The basic earnings per share increased by 17.91% to ¥0.16, while diluted earnings per share also rose by 17.91% to ¥0.16[5] - Total operating revenue for the period reached ¥796,556,712.79, an increase of 8.8% compared to ¥732,456,691.45 in the previous period[25] - The net profit attributable to the parent company increased to ¥888,191,344.80, up from ¥739,061,190.50, reflecting a growth of 20.2%[24] - The net profit for the current period is CNY 180,855,945.82, an increase of 40.5% compared to CNY 128,688,397.69 in the previous period[26] - Operating profit for the current period is CNY 228,209,785.57, up from CNY 162,493,208.92, reflecting a growth of 40.4%[26] - The total comprehensive income attributable to the parent company was CNY 180,855,945.82, compared to CNY 128,688,397.69 in the previous period, reflecting a growth of 40.5%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,076,236,521.21, representing a 3.97% increase from the end of the previous year[5] - Total assets increased to ¥2,076,236,521.21 from ¥1,996,863,826.20, representing a growth of 4.0%[24] - Total liabilities decreased to ¥166,026,566.56 from ¥243,774,966.22, a reduction of 31.9%[24] - The company's inventory stood at ¥48,943,178.13, slightly up from ¥47,728,874.40, indicating a 2.5% increase[22] Cash Flow - The company reported a net cash flow from operating activities of ¥152,242,578.65, which is a 16.01% increase compared to the same period last year[13] - Cash flow from operating activities generated a net amount of CNY 152,242,578.65, compared to CNY 131,228,129.52 in the previous period, indicating an increase of 16%[27] - The company experienced a net cash outflow from financing activities of CNY 97,445,088.75, an improvement from a net outflow of CNY 167,122,303.00 in the previous period[28] - The company reported cash inflow from investment activities of CNY 483,863,481.74, significantly higher than CNY 354,886.01 in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,499[14] - The largest shareholder, Qiao Zhiyong, holds 71.10% of the shares, totaling 284,471,100 shares[14] - The second-largest shareholder, Qiao Kun, holds 8.37% of the shares, totaling 33,488,370 shares[14] - Qiao Zhiyong's locked shares amount to 213,353,325, which are subject to annual release of 25% starting from June 14, 2025[16] - The total number of restricted shares at the beginning of the period was 360,375,000, with 360,090,000 remaining at the end of the period[17] - The company has not disclosed any other significant shareholder relationships or actions beyond those mentioned[15] Research and Development - Research and development expenses decreased by 57.02% to ¥194,474.22, attributed to a reduction in R&D personnel[11] - Research and development expenses were recorded at ¥194,474.22, down from ¥452,435.99, showing a decrease of 57.1%[25] Other Income and Investments - Other income surged by 116.87% to ¥11,276,657.41, primarily due to increased government subsidies received during the period[11] - Investment income rose significantly by 708.96% to ¥682,558.23, driven by higher returns from bank financial products[11] - The company plans to invest in an electronic-grade medical special gas production base in Chengdu, with the investment cooperation agreement approved on August 4, 2025[18] - The company has completed the business registration for its subsidiaries involved in the investment project as of September 9, 2025[18] - The company decided to terminate the equity acquisition of Deyang Hongchen Chemical Co., Ltd. due to strategic reasons[19] Audit and Compliance - The company has not undergone an audit for the third quarter financial report[29]

桂林福达股份有限公司 2025 年第三季度报告 证券代码：603166 证券简称：福达股份 桂林福达股份有限公司 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： 公司董事会及董事、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 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 476,462,022.05 | 21.90 | 1,413,276,023.27 | 27.32 | ...