Financial Performance - The company's operating revenue for the third quarter reached ¥21,242,383,250.22, representing a year-on-year increase of 12.84%[3] - Total profit for the quarter was ¥162,258,358.42, a decrease of 33.10% compared to the same period last year[3] - Net profit attributable to shareholders was ¥53,257,088.94, down 49.19% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥41,487,481.17, reflecting a decline of 53.96% from the previous year[3] - Basic earnings per share for the quarter were ¥0.0095, a decrease of 49.47% compared to the same period last year[4] - Net profit for the first three quarters of 2025 was CNY 534.01 million, a decrease of 15.3% from CNY 630.29 million in 2024[20] - The basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.0937, a decrease from CNY 0.1132 in the same period of 2024[21] - The company's financial expenses included interest expenses of CNY 252.23 million, compared to CNY 101.51 million in the previous year, indicating an increase in financing costs[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥124,202,247,000.58, an increase of 14.53% from the end of the previous year[4] - The company's total current assets as of September 30, 2025, were RMB 115.892 billion, an increase from RMB 100.379 billion at the end of 2024[17] - The company's total assets amounted to RMB 124.202 billion as of September 30, 2025, compared to RMB 108.442 billion at the end of 2024[17] - The company's total liabilities increased to CNY 97.35 billion in 2025 from CNY 81.93 billion in 2024, reflecting a growth of 18.7%[19] - The company's contract liabilities increased to CNY 35.75 billion in 2025 from CNY 30.46 billion in 2024, reflecting a growth of 17.5%[19] Cash Flow - The company reported a cash flow from operating activities of -¥3,589,111,962.99 for the year-to-date[3] - Operating cash inflow for the first three quarters of 2025 reached CNY 75.17 billion, a 26.83% increase from CNY 59.27 billion in the same period of 2024[22] - Net cash flow from operating activities was -CNY 3.59 billion, an improvement from -CNY 7.32 billion year-over-year[23] - Cash outflow from investment activities totaled CNY 782.48 million, significantly higher than CNY 215.34 million in the previous year[23] - Cash inflow from financing activities increased to CNY 3.89 billion, compared to CNY 2.00 billion in the same period last year, marking a 94.5% increase[23] - The net increase in cash and cash equivalents was -CNY 356.77 million, a notable improvement from -CNY 5.92 billion in the previous year[23] - Cash received from sales of goods and services was CNY 65.05 billion, up from CNY 56.26 billion, reflecting a 15.5% growth[22] - Total cash outflow from operating activities was CNY 78.76 billion, compared to CNY 66.59 billion in the previous year, indicating a 18.1% increase[23] Contracts and Business Operations - The company signed new contracts totaling RMB 99.216 billion in the first three quarters of 2025, representing a year-on-year growth of 5.25%[12] - Domestic contracts accounted for RMB 73.952 billion, or 74.54% of the total new contracts, while overseas contracts amounted to RMB 25.264 billion, or 25.46%[12] - The new contracts in the oil and gas field surface engineering business reached RMB 24.218 billion, making up 24.41% of the total[12] Inventory and Receivables - The company reported a receivable balance of RMB 18.386 billion in accounts receivable, up from RMB 11.787 billion in the previous year[16] - The company’s inventory increased to RMB 19.600 billion from RMB 14.121 billion year-on-year[17] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[24]

Financial Performance - The company's operating revenue for the third quarter was ¥833,628,764.89, a decrease of 21.93% compared to the same period last year[5] - The total profit for the third quarter was -¥36,242,135.13, with a year-to-date total profit of -¥253,859,164.87[5] - The net profit attributable to shareholders for the third quarter was -¥31,390,344.11, and -¥246,772,390.22 year-to-date[5] - The basic and diluted earnings per share for the third quarter were both -¥0.0219, with year-to-date figures of -¥0.1721[7] - Total operating revenue for the first three quarters of 2025 was CNY 2,652,276,361.01, a decrease of 36.0% compared to CNY 4,150,669,621.85 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was a loss of CNY 272,212,176.85, compared to a loss of CNY 60,906,910.17 in the same period of 2024[25] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.1721, compared to CNY -0.0280 in the same period of 2024[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,556,853,283.19, a decrease of 8.78% from the end of the previous year[7] - The company's total assets decreased from CNY 8,284,390,856.29 in the previous year to CNY 7,556,853,283.19[21] - Total liabilities decreased from CNY 3,037,178,217.89 to CNY 2,536,981,369.43, reflecting a reduction of 16.5%[21] - The company's total equity decreased from CNY 5,247,212,638.40 to CNY 5,019,871,913.76, a decline of 4.3%[21] Cash Flow - The company reported a year-to-date operating cash flow of ¥458,340,652.01[5] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $2.98 billion, a decrease of 34.4% compared to $4.54 billion in the same period of 2024[28] - Net cash flow from operating activities for the first three quarters of 2025 was $458.34 million, a significant improvement from a net outflow of $199.92 million in the first three quarters of 2024[29] - Total cash outflow from investing activities in the first three quarters of 2025 was approximately $14.38 million, compared to $262.05 million in the same period of 2024, indicating a reduction in investment expenditures[30] - Net cash flow from financing activities for the first three quarters of 2025 was a negative $520.98 million, compared to a negative $174.84 million in the same period of 2024, reflecting increased debt repayments[30] - The cash and cash equivalents balance at the end of the first three quarters of 2025 was approximately $1.24 billion, down from $1.37 billion at the end of the same period in 2024[30] Shareholder Information - The top five shareholders hold a significant portion of shares, with Shanghai Aerospace Technology Research Institute owning 379,350,534 shares, accounting for 26.45% of total shares[15] Restructuring and Mergers - The company plans to absorb and merge Shanghai Aerospace Intelligent Equipment Co., Ltd. into Shanghai Aerospace Equipment Manufacturing Factory Co., Ltd. as part of its restructuring strategy[16] - The company has completed the business deregistration of Shanghai Aerospace Intelligent Equipment Co., Ltd. and will proceed with stock ownership changes as required by relevant authorities[16] - The company will fulfill its information disclosure obligations based on the progress of the merger and restructuring activities[16] Other Financial Metrics - The weighted average return on net assets for the third quarter was -0.6785%, and -5.1989% year-to-date[7] - Research and development expenses for the first three quarters of 2025 were CNY 105,429,381.61, down 28.6% from CNY 147,779,872.77 in 2024[25] - The company reported a significant increase in other comprehensive income, with a net amount of CNY 44,137,196.79 for the first three quarters of 2025, compared to CNY 16,654,408.47 in 2024[26] - The company experienced a 36.10% decrease in year-to-date operating revenue compared to the previous year, attributed to oversupply in the photovoltaic industry and weaker demand in the automotive parts sector[12] Current Assets - The company reported a total current assets of RMB 3,397,967,676.67 as of September 30, 2025, compared to RMB 3,729,349,715.39 at the end of 2024, indicating a decrease of approximately 8.9%[17] - Cash and cash equivalents amounted to RMB 1,282,818,444.96, showing a slight increase from RMB 1,278,852,386.47 in the previous period[17] - Accounts receivable decreased to RMB 1,257,545,957.96 from RMB 1,555,687,359.73, reflecting a reduction of about 19.1%[18] - Inventory increased to RMB 535,491,465.32 from RMB 474,496,243.25, representing an increase of approximately 12.9%[18] - The company reported a total non-current assets of RMB 3,200,000,000, with fixed assets valued at RMB 2,581,583,215.82[18] Non-recurring Gains and Losses - Non-recurring gains and losses for the reporting period totaled ¥1,943,192.97, with government subsidies contributing significantly to this figure[9]

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 浙江和达科技股份有限公司 2025 年第三季度报告 证券代码：688296 证券简称：和达科技 浙江和达科技股份有限公司 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、准确性和完整性依法承担法律责任。 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 | | 年初至报告期 | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 70,277,987.5 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥9,160,920,131.66, representing an increase of 8.53% compared to the same period last year[4] - Total profit for the quarter was ¥161,719,770.79, a decrease of 28.64% year-on-year[4] - Net profit attributable to shareholders was ¥155,829,868.51, reflecting a growth of 5.39% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥95,261,837.01, down 22.56% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥26.30 billion, a 30.0% increase from ¥20.24 billion in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥789.32 million, compared to ¥864.36 million in 2024, indicating a decrease of 8.7%[19] - The company's operating profit for the first three quarters of 2025 was ¥866.42 million, down from ¥988.35 million in 2024, a decline of 12.3%[18] - The company reported a basic earnings per share of ¥0.34 for the first three quarters of 2025, down from ¥0.36 in 2024[19] - The company reported a total comprehensive income of ¥726.55 million for the first three quarters of 2025, down from ¥1.17 billion in 2024[29] Assets and Liabilities - The company's total assets at the end of the reporting period amounted to ¥91,328,495,344.87, an increase of 5.22% from the end of the previous year[5] - The total liabilities of the company as of the end of the reporting period were ¥63.91 billion, up from ¥59.53 billion in the previous year, reflecting a growth of 7.9%[18] - The total equity attributable to shareholders of the parent company was ¥26.39 billion, slightly up from ¥26.24 billion in 2024, an increase of 0.6%[18] - The company's total assets reached approximately RMB 91.33 billion, up from RMB 86.79 billion, which is an increase of 5.8%[14] - The total liabilities increased to ¥55.26 billion in 2025 from ¥50.63 billion in 2024, reflecting a growth of 9.4%[28] - The company's total liabilities increased to 51,048,133,736.71 CNY from 45,269,865,314.77 CNY, indicating higher leverage[25] Cash Flow - The company reported a cash flow from operating activities of -¥4,925,987,922.44 for the year-to-date[4] - The net cash flow from operating activities was -4,925,987,922.44 CNY, compared to -4,637,441,458.49 CNY in the previous period, indicating a decline in operational cash generation[22] - The net cash flow from operating activities for the first three quarters of 2025 was -¥2.76 billion, compared to -¥2.65 billion in 2024[32] - The cash inflow from investment activities totaled 5,182,481,375.99 CNY, up from 3,453,518,036.91 CNY, reflecting an increase in investment recovery[22] - The net cash flow from financing activities was 1,631,928,228.65 CNY, a decrease from 5,367,239,912.58 CNY, suggesting reduced financing inflows[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 129,323[10] - The top shareholder, WISER TYSON INVESTMENT CORP LIMITED, holds 157,062,475 shares, accounting for 6.91% of the total shares[11] - The company reported a total of 121,119,984 shares repurchased, accounting for 5.33% of total shares outstanding as of September 30, 2025[13] Expenses and Investments - Research and development expenses increased to ¥581.29 million in 2025 from ¥501.04 million in 2024, representing a growth of 15.9%[18] - Financial expenses increased significantly to ¥89.47 million in 2025, compared to ¥11.48 million in 2024, primarily due to increased interest expenses[28] - The cash outflow for purchasing fixed assets and other long-term assets was 2,820,958,869.00 CNY, down from 5,075,795,718.55 CNY, suggesting reduced capital expenditures[22] Inventory and Receivables - Accounts receivable rose to approximately RMB 16.31 billion, up from RMB 13.78 billion, indicating an increase of 18.3%[14] - Inventory surged to approximately RMB 18.46 billion, compared to RMB 13.54 billion, marking a significant increase of 36.5%[14] - The company's inventory increased to 7,378,214,239.49 CNY from 7,310,936,330.66 CNY, indicating a slight rise in stock levels[24]

Financial Performance - The company's operating revenue for Q3 2025 was ¥83,671,724.18, representing a year-on-year increase of 21.94%[3] - The total profit for the period was a loss of ¥4,915,801.13, with a net profit attributable to shareholders of ¥-4,217,064.75[3] - The company's net profit for the current period is -8,769,334.47 CNY, compared to -18,349,533.84 CNY in the same period last year, showing an improvement of approximately 52%[20] - Operating profit for the current period is -8,180,848.60 CNY, which is an improvement from -18,506,147.65 CNY year-over-year[20] - The total comprehensive income for the current period is -8,769,334.47 CNY, compared to -18,349,533.84 CNY in the previous year, reflecting a significant improvement[20] - The company has reported a basic and diluted earnings per share of -0.01 CNY for the current period, compared to -0.04 CNY in the same period last year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,042,396,186.53, an increase of 5.67% compared to the end of the previous year[4] - Total assets reached RMB 1,042,396,186.53 as of September 30, 2025, compared to RMB 986,447,937.29 at the end of 2024, reflecting an increase of approximately 5.7%[14] - Total liabilities increased to RMB 348,550,082.79 as of September 30, 2025, from RMB 283,832,499.09 at the end of 2024, representing a growth of about 22.8%[15] - The company's equity attributable to shareholders was RMB 633,559,204.64 as of September 30, 2025, down from RMB 639,953,363.47 at the end of 2024, indicating a decrease of approximately 1.0%[15] Cash Flow - The net cash flow from operating activities was a negative ¥22,957,803.87 for the year-to-date period[3] - Cash flow from operating activities for the first three quarters of 2025 is -22,957,803.87 CNY, compared to -55,584,810.03 CNY in the same period of 2024, indicating a significant reduction in cash outflow[23] - Total cash inflow from operating activities is 215,580,013.84 CNY, while total cash outflow is 238,537,817.71 CNY, resulting in a net cash flow from operating activities of -22,957,803.87 CNY[23] - The company recorded cash inflow from investment activities of 32,076,417.28 CNY, while cash outflow was 46,837,528.14 CNY, leading to a net cash flow from investment activities of -14,761,110.86 CNY[23] - Cash inflow from financing activities is 85,000,000.00 CNY, with cash outflow of 17,241,006.19 CNY, resulting in a net cash flow from financing activities of 67,758,993.81 CNY[24] - The company's cash and cash equivalents at the end of the period amount to 124,886,787.57 CNY, compared to 125,766,205.49 CNY at the end of the previous year[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,332[8] - The top shareholder, Li Songqiang, holds 38,000,000 shares, representing 8.66% of the total shares[9] Borrowings - The company reported a significant increase in short-term borrowings by 520.46% due to increased mortgage borrowings[7] - Long-term borrowings rose to RMB 95,900,000.00 as of September 30, 2025, compared to RMB 51,800,000.00 at the end of 2024, reflecting an increase of approximately 84.9%[15] Operating Costs and Revenue - Total operating revenue for the first three quarters of 2025 reached RMB 196,422,633.57, an increase from RMB 185,369,320.18 in the same period of 2024, representing a growth of approximately 5.7%[18] - Total operating costs for the first three quarters of 2025 were RMB 211,011,562.12, slightly up from RMB 208,718,253.62 in 2024, indicating a marginal increase of about 1.6%[18] - Operating costs included RMB 173,643,381.78 in operating expenses for 2025, compared to RMB 168,084,312.44 in 2024, reflecting an increase of approximately 3.4%[18] Other Information - Non-recurring gains and losses for the period totaled ¥2,814,010.35, with government subsidies contributing ¥1,085,800.46[6] - The company has not reported any new product developments or market expansion strategies in this quarter[3] - The company has not reported any net profit from subsidiaries prior to consolidation for the current and previous periods[20]

Financial Performance - The company's operating revenue for the third quarter reached ¥133,694,698.14, representing a year-on-year increase of 31.54%[4] - The total profit for the period was ¥18,969,586.63, showing a decrease of 15.43% compared to the same period last year[4] - The net profit attributable to shareholders was ¥21,296,283.58, down by 9.39% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥18,716,902.08, a decrease of 17.72% compared to the previous year[4] - The basic earnings per share for the period were ¥0.15, a decrease of 11.76% compared to the same period last year[4] - Net profit for the first three quarters of 2025 was ¥83,130,963.94, representing a 66.3% increase compared to ¥50,005,853.67 in the previous year[22] - Total comprehensive income for the period attributable to the parent company was CNY 92,517,646.92, an increase from CNY 58,396,739.40 in the previous period, representing a growth of 58.5%[23] - Basic and diluted earnings per share increased to CNY 0.67 from CNY 0.43, reflecting a growth of 55.8%[23] Research and Development - Research and development expenses totaled ¥43,482,253.28, accounting for 32.52% of operating revenue, an increase of 1.11 percentage points from the previous year[5] - Research and development expenses rose to ¥117,614,167.28, an increase of 7.5% from ¥108,992,107.86 in the same period last year[22] - The company plans to register 12 new products this year, with 8 already in the review stage[6] Cash Flow and Assets - The company achieved a net cash flow from operating activities of ¥99,886,943.67, a significant increase of 423.56% year-on-year[4][10] - Cash inflow from operating activities totaled CNY 453,111,617.88, up from CNY 299,909,213.82, marking a 51.1% increase year-over-year[25] - Net cash flow from operating activities was CNY 99,886,943.67, significantly higher than CNY 19,078,501.27 in the same period last year[25] - The ending cash and cash equivalents balance was CNY 18,625,092.82, down from CNY 139,999,087.23, reflecting a decrease of 86.7%[26] - Total assets at the end of the reporting period were ¥1,488,663,630.59, reflecting a 4.04% increase from the end of the previous year[5] - The company's total assets amounted to ¥1,488,663,630.59, up from ¥1,430,847,757.81 in the previous year[19] - Total current assets were reported at ¥584,371,897.11, slightly down from ¥590,807,691.95[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,962[12] - The largest shareholder, Jin Lei, holds 84,096,851 shares, representing 61.05% of the total shares[12] - Beijing Bai'ao Enterprise Management Center (Limited Partnership) holds 8,400,000 shares, accounting for 6.10%[13] - The company has no significant changes in the shareholding structure among the top ten shareholders compared to the previous period[14] - No shares were lent out or returned under the securities lending program by the top ten shareholders[14] Operational Insights - The revenue from structural heart disease and soft tissue repair segments grew by 42.34% and 3.76% respectively, with artificial biological heart valves generating ¥16,609.09 million, up 89.83% year-on-year[6] - The company has not reported any significant operational issues during the reporting period[15] - The financial statements are unaudited for the reporting period[16] Liabilities and Costs - Total operating costs increased to ¥305,076,828.91, up 24.4% from ¥245,184,032.93 year-over-year[21] - Total liabilities increased to ¥254,459,455.68, compared to ¥180,277,337.07 in the previous year, reflecting a significant rise[18] - The company's equity attributable to shareholders decreased to ¥1,245,797,918.96 from ¥1,252,598,225.54 year-over-year[19] - The company reported a significant increase in sales expenses, which reached ¥104,736,622.49, up from ¥81,737,233.26 in the previous year[22] Cash Management - The total cash and cash equivalents as of September 30, 2025, is ¥19,085,037.82, down from ¥56,009,752.25 as of December 31, 2024[16] - Trading financial assets increased to ¥258,255,394.74 from ¥178,163,741.44 year-over-year[16] - Accounts receivable decreased to ¥3,036,274.68 from ¥11,880,000.34 year-over-year[16] - Cash outflow from investing activities was CNY 935,760,911.40, slightly down from CNY 960,892,906.26, indicating a reduction of 2.6%[25] - Net cash flow from financing activities was -CNY 33,059,323.77, an improvement compared to -CNY 99,041,887.09 in the previous year[26] Sales Performance - Cash received from sales of goods and services increased to CNY 428,045,257.95 from CNY 285,386,367.89, a growth of 50.0%[24] - Cash received from other operating activities was CNY 25,066,359.93, up from CNY 14,522,845.93, representing a growth of 72.5%[25]

Financial Performance - The company's operating revenue for the third quarter was ¥191,975,181.93, representing a year-on-year increase of 4.03%[5] - The total profit for the quarter was ¥55,463,506.11, showing a decrease of 8.93% compared to the same period last year[5] - The net profit attributable to shareholders was ¥43,891,161.68, down 4.71% year-on-year[5] - The basic earnings per share for the quarter was ¥0.11, reflecting a decrease of 10.00% compared to the previous year[6] - The company reported a year-to-date net profit of ¥114,889,270.26, an increase of 9.13% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥557,997,294.97, an increase of 2.69% compared to ¥543,536,222.21 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥150,874,425.83, up 14.54% from ¥131,720,822.68 in the previous year[19] - Net profit attributable to shareholders of the parent company increased to ¥114,889,270.26, a rise of 9.73% from ¥105,281,486.09 in the same period of 2024[20] - The total profit for the first three quarters of 2025 was ¥151,373,422.74, an increase of 16.26% compared to ¥130,202,584.68 in the same period of 2024[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,597,600,188.96, a decrease of 0.30% from the end of the previous year[6] - Current assets totaled CNY 1,376,826,976.45, down from CNY 1,462,130,440.76 in the previous year, indicating a decrease of approximately 5.8%[14]. - Cash and cash equivalents were reported at CNY 585,499,094.87, compared to CNY 769,219,653.57 at the end of 2024, reflecting a decline of about 23.8%[14]. - Accounts receivable increased to CNY 48,748,413.37 from CNY 32,253,415.12, representing a growth of approximately 51.2%[14]. - Inventory decreased slightly to CNY 513,314,017.74 from CNY 521,474,635.11, a reduction of about 1.6%[15]. - Total liabilities were CNY 922,204,873.53, down from CNY 1,058,185,969.99, indicating a decrease of approximately 13.0%[16]. - The company's equity attributable to shareholders increased to CNY 2,541,100,778.80 from CNY 2,408,382,140.66, marking an increase of about 5.5%[16]. - The total owner's equity reached CNY 2,675,395,315.43, up from CNY 2,550,314,920.05, indicating an increase of about 4.9%[16]. - The non-current assets totaled CNY 2,220,773,212.51, an increase from CNY 2,146,370,449.28, reflecting a growth of approximately 3.4%[15]. Cash Flow - The cash flow from operating activities was negative at -¥998,412.68 for the year-to-date period[5] - The net cash flow from operating activities for the first three quarters of 2025 was negative at -¥998,412.68, compared to a positive cash flow of ¥5,425,167.64 in the same period of 2024[22] - The net cash outflow from investing activities was $82,281,353.09, a significant improvement compared to the previous year's outflow of $216,130,053.72[23] - Total cash and cash equivalents at the end of the period decreased to $135,975,769.15 from $365,333,988.84, reflecting a net decrease of $215,308,150.37[23] - Cash inflow from financing activities totaled $10,100,000.00, down from $54,704,000.00 in the previous year[23] - Cash outflow for financing activities was $142,128,384.60, compared to $167,898,868.43 in the prior year, indicating a reduction in cash outflow[23] - The cash paid for debt repayment was $69,385,000.00, an increase from $59,375,000.00 year-over-year[23] - The cash paid for dividends and interest was $53,658,698.09, down from $93,384,106.29 in the previous year[23] - The total cash outflow for investment activities was $219,506,247.36, compared to $247,933,798.53 in the previous year[23] Research and Development - Research and development expenses increased to ¥7,077,375.61, up 8.41% from ¥6,527,775.72 in the previous year[19] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]

Financial Performance - Total operating revenue for Q3 2025 was approximately ¥2.73 billion, a decrease of 6.33% compared to ¥4.15 billion in Q3 2024[11] - Net profit attributable to shareholders for Q3 2025 reached approximately ¥1.45 billion, representing a significant increase of 106.53% from ¥702.97 million in the same period last year[11] - Basic earnings per share for Q3 2025 was ¥0.2891, up 106.06% from ¥0.1403 in Q3 2024[11] - The net profit after deducting non-recurring gains and losses for Q3 2025 was approximately -¥81.85 million, a decline of 125.08% compared to ¥326.42 million in Q3 2024[11] - The company's main business revenue for the first nine months of 2025 reached ¥4,008,165,385.87, a 78.79% increase compared to ¥2,241,863,802.83 in the same period of 2024, primarily driven by increased electricity revenue from the new energy business[19] - Operating profit for the first nine months of 2025 was CNY 2,010,459,561.14, compared to CNY 1,482,885,759.93 in 2024, indicating a growth of 35.6%[30] - The net profit for the first nine months of 2025 reached CNY 3,822,370,236.46, a significant increase of 101.5% compared to CNY 1,899,432,460.57 in the same period of 2024[31] - Basic and diluted earnings per share increased to CNY 0.5984, up from CNY 0.3431 in the same period of the previous year, representing a growth of 74.5%[31] Cash Flow and Investments - Cash flow from operating activities for Q3 2025 was approximately ¥516.23 million, a drastic decline of 92.97% compared to ¥7.34 billion in Q3 2024[11] - The company's cash flow from investment activities was -¥5,693,023,974.31, a significant improvement from -¥21,112,534,428.66, primarily due to reduced investment in the new energy business[19] - The cash flow from operating activities showed a net inflow of CNY 4,819,787,190.65, a decrease of 64.0% compared to CNY 13,378,570,655.18 in the previous year[32] - Investment activities resulted in a net cash outflow of CNY 5,693,023,974.31, an improvement from a net outflow of CNY 21,112,534,428.66 in the same period last year[33] Assets and Liabilities - Total assets as of September 30, 2025, were approximately ¥210.72 billion, a decrease of 4.14% from ¥219.81 billion at the end of the previous year[11] - Total liabilities decreased to CNY 162,607,404,306.05 from CNY 173,902,694,812.02, reflecting a reduction of 6.9%[29] - Non-current assets increased to CNY 108,641,988,268.46 from CNY 100,397,483,099.29, showing a growth of 8.3%[28] - Cash and cash equivalents were CNY 17,321,379,674.71, down from CNY 18,688,802,763.52, a decline of 7.3%[27] - Short-term borrowings rose to CNY 8,958,315,232.04 from CNY 7,244,317,661.60, an increase of 23.7%[29] Other Financial Metrics - The weighted average return on equity for Q3 2025 was 4.60%, an increase of 2.18 percentage points compared to 2.42% in Q3 2024[11] - Non-recurring gains and losses for Q3 2025 amounted to approximately ¥1.53 billion, with significant contributions from asset disposals and government subsidies[13] - The company's financial expenses amounted to ¥178,687,076.03, a significant change from a negative figure of -¥274,192,567.02, due to reduced interest income from idle funds[19] - The company reported a tax expense of CNY 707,999,205.28 for the first nine months of 2025, which is an increase of 109.0% from CNY 337,780,984.44 in 2024[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,643, with the largest shareholder, Yuexiu Group, holding 43.82% of the shares[22] - The company's equity attributable to shareholders increased by 5.39% to approximately ¥32.85 billion compared to ¥31.17 billion at the end of the previous year[11]

Financial Performance - The company's operating revenue for the third quarter was ¥238,430,987.02, a decrease of 7.31% compared to the same period last year[4] - The total profit for the quarter was ¥11,141,078.83, down 6.96% year-on-year, while the net profit attributable to shareholders was ¥10,416,420.75, a decline of 27.89%[4] - Basic earnings per share for the quarter were ¥0.02, a decrease of 33.33% compared to the same period last year, while diluted earnings per share also stood at ¥0.02[5] - The weighted average return on equity was 1.05%, a decrease of 0.24 percentage points compared to the previous year[5] - The net profit attributable to shareholders for the year-to-date period increased by 127.98% due to performance commitments related to the acquisition of Tongchang Shengye[9] - The total profit for the year-to-date period saw a significant increase of 204.92%, attributed to adjustments in the acquisition consideration[9] - The net profit for Q3 2025 was CNY 77,090,695.06, a significant increase from CNY 24,791,389.76 in Q3 2024, representing a growth of approximately 210%[27] - The net profit attributable to shareholders of the parent company was CNY 85,868,818.88, up from CNY 37,665,847.80 in the same period last year, indicating a growth of about 128%[27] - The basic and diluted earnings per share for Q3 2025 were both CNY 0.18, compared to CNY 0.08 in Q3 2024, reflecting a 125% increase[27] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥457,204,065.36, representing a decrease of 14.78% compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2025 was CNY 457,204,065.36, down from CNY 536,498,347.24 in the same period of 2024, a decrease of approximately 15%[29] - Total cash inflow from investment activities was CNY 491,861,819.80, compared to CNY 832,422,948.00 in the previous year, showing a decline of about 41%[30] - Cash flow from financing activities resulted in a net outflow of CNY 579,713,556.49, compared to a net outflow of CNY 475,661,061.06 in the same period last year, indicating an increase in cash outflow[30] - Cash and cash equivalents decreased to CNY 154,737,948.30 as of September 30, 2025, from CNY 244,805,784.33 at the end of 2024, representing a decline of 36.8%[21] - Total current assets amounted to CNY 450,581,085.80 as of September 30, 2025, down 15.2% from CNY 531,091,158.58 at the end of 2024[21] - Non-current assets totaled CNY 4,401,453,535.07 as of September 30, 2025, a decrease of 11.2% from CNY 4,959,642,968.78 at the end of 2024[22] Shareholder Information - The controlling shareholder, Shanghai Jinhui Investment Group, pledged 16.42% of its shares, totaling 45 million shares, as of April 9, 2025[18] - The total number of common shareholders at the end of the reporting period was 18,216[12] - The top ten shareholders held a combined 58.00% of the shares, with Shanghai Jinhui Investment Group alone holding 274,050,000 shares[12] Operational Focus and Strategy - The company is focusing on cost control and efficiency improvements to enhance profitability in the upcoming periods[10] - The company plans to focus on high-efficiency projects and exit less profitable ones in response to increasing external uncertainties[15] - The company adjusted its internal supervision structure, abolishing the supervisory board and transferring its responsibilities to the audit committee of the board[16] Other Financial Metrics - Total operating revenue for the first three quarters of 2025 was CNY 729,157,288.30, a decrease of 5.9% compared to CNY 774,764,397.33 in the same period of 2024[26] - Total operating costs for the first three quarters of 2025 were CNY 752,050,677.97, down 5.5% from CNY 795,946,923.22 in the previous year[26] - Operating profit for the first three quarters of 2025 was CNY 66,017,328.45, compared to a loss of CNY 6,269,206.13 in the same period of 2024[26] - Total profit for the first three quarters of 2025 reached CNY 105,939,175.48, significantly up from CNY 34,743,418.46 in 2024[26] - Accounts receivable increased to CNY 188,477,418.74 as of September 30, 2025, up 43.7% from CNY 131,118,769.32 at the end of 2024[21] - Total liabilities decreased to CNY 3,878,098,286.06 as of September 30, 2025, down 12.6% from CNY 4,437,974,587.45 at the end of 2024[23] - Shareholders' equity decreased to CNY 973,936,334.81 as of September 30, 2025, from CNY 1,052,759,539.91 at the end of 2024, reflecting a decline of 7.5%[23] Non-Recurring Items - Non-recurring gains and losses for the quarter included government subsidies amounting to ¥1,842,955.68 and other non-operating income of ¥13,057,974.04[7] - The company reported a net profit of 176,000 RMB after deducting non-recurring gains and losses, a turnaround from a loss in the same period last year, attributed to effective cost control and focus on high-efficiency projects[15] - The company did not report any net profit from subsidiaries prior to the merger, indicating no contribution from merged entities in the current period[28] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[31]

宁波继峰汽车零部件股份有限公司 2025 年第三季度报告 证券代码：603997 证券简称：继峰股份 转债代码：110801 转债简称：继峰定 01 宁波继峰汽车零部件股份有限公司 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 | | 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 | 5,6 ...