Financial Performance - The company's operating revenue for the third quarter was CNY 1,720,139,308.39, a decrease of 8.59% compared to the same period last year[5]. - The total profit for the quarter was CNY 254,929,890.05, reflecting a decline of 34.80% year-on-year[5]. - The net profit attributable to shareholders was CNY 197,295,024.07, down 33.22% from the previous year[5]. - The basic earnings per share for the quarter was CNY 0.0587, a decrease of 33.22% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2025 was CNY 5,096,424,125.71, a decrease of 1.75% compared to CNY 5,187,732,606.32 in the same period of 2024[20]. - Operating profit for the first three quarters of 2025 was CNY 729,957,203.23, down 22.08% from CNY 936,943,186.05 in 2024[20]. - Net profit for the first three quarters of 2025 was CNY 534,185,915.45, a decline of 23.94% compared to CNY 702,329,856.88 in the previous year[22]. - Earnings per share (EPS) for the first three quarters of 2025 was CNY 0.1611, down from CNY 0.2138 in the same period of 2024[22]. - The company reported a financial income of CNY 121,481,807.17, down from CNY 155,429,727.52 in the same period of 2024[20]. - The company’s investment income was CNY 209,321,846.42, a decrease from CNY 295,849,560.62 year-over-year[20]. - Other comprehensive income after tax was CNY -12,010,036.88, compared to CNY 102,038,398.67 in the previous year[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 42,363,468,061.65, a decrease of 2.79% from the end of the previous year[6]. - As of September 30, 2025, the total assets of the company amounted to ¥42,363,468,061.65, a decrease from ¥43,581,314,485.45 as of December 31, 2024, reflecting a decline of approximately 2.8%[16]. - The company's current assets totaled ¥15,988,800,378.26, down from ¥17,825,925,673.71, indicating a decrease of about 10.3%[16]. - Total liabilities decreased to CNY 7,759,921,959.54 from CNY 8,850,260,723.19 year-over-year[18]. - Total equity decreased slightly to CNY 34,603,546,102.11 from CNY 34,731,053,762.26 in the previous year[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 793,593,926.87, showing a significant increase compared to the previous year[5]. - In the first three quarters of 2025, the net cash flow from operating activities was approximately ¥793.59 million, a significant increase from ¥9.41 million in the same period of 2024[25]. - Total cash inflow from investment activities in the first three quarters of 2025 was approximately ¥11.69 billion, slightly down from ¥11.78 billion in 2024[25]. - The net cash flow from investment activities improved to approximately ¥796.91 million in 2025, compared to a negative cash flow of ¥752.54 million in 2024[26]. - The net cash flow from financing activities was negative at approximately -¥1.72 billion in 2025, worsening from -¥1.04 billion in 2024[26]. - Total cash outflow from operating activities was approximately ¥5.44 billion in 2025, a decrease from ¥6.62 billion in 2024[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 158,221[12]. - The company has not reported any significant changes in shareholder relationships or actions among the top 10 shareholders[14]. - The company has maintained a stable dividend policy with no changes reported in dividend payments to shareholders[15]. Operational Insights - The company reported a significant reduction in profits from cultural real estate services and investment income, contributing to the overall decline in net profit[10]. - There are no new strategies or significant developments in product or technology research mentioned in the conference call[15]. Accounting Standards - The company did not apply new accounting standards for the year 2025[27].

Financial Performance - The company's operating revenue for the third quarter reached ¥946,345,692.66, representing a year-on-year increase of 57.09%[4] - The total profit for the third quarter was ¥192,536,938.19, showing a significant increase of 1,828.90% compared to the same period last year[4] - The net profit attributable to shareholders was ¥164,868,401.17, reflecting a year-on-year growth of 1,432.90%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥92,197,986.02, an increase of 748.13% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.64, a substantial increase of 1,500.00% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,462,598,973.70, a significant increase of 65% compared to ¥1,490,845,713.40 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥216,623,987.72, up from ¥55,024,869.04 in 2024, representing a growth of 294%[21] - Operating profit for the first three quarters of 2025 was ¥278,574,065.52, compared to ¥62,913,655.94 in 2024, indicating a year-over-year increase of 343%[21] - Basic earnings per share for the first three quarters of 2025 were ¥0.83, compared to ¥0.20 in 2024, reflecting a 315% increase[22] - The company's total comprehensive income for the first three quarters of 2025 was ¥209,523,409.60, compared to ¥44,987,270.78 in 2024, indicating a growth of 366%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,226,469,372.98, a 4.96% increase from the end of the previous year[5] - The equity attributable to shareholders increased to ¥1,868,063,383.63, reflecting a growth of 12.68% compared to the previous year[5] - The company's total liabilities amounted to ¥4,350,175,417.35, slightly up from ¥4,270,307,491.60 in the previous year[19] - The company's total equity increased to ¥1,876,293,955.63 in 2025, compared to ¥1,662,175,297.99 in 2024, marking a growth of 13%[19] - Short-term borrowings increased to CNY 1,177,408,355.34 from CNY 1,009,798,928.14, reflecting a rise of approximately 16.6%[17] Cash Flow - Cash flow from operating activities was ¥3,380,277,696.84 in 2025, compared to ¥2,916,272,654.05 in 2024, an increase of 16%[24] - Net cash flow from operating activities was $786.63 million, a significant improvement from a negative cash flow of $661.67 million in the previous period[25] - Total cash inflow from operating activities reached $5.18 billion, compared to $3.07 billion last year, indicating a year-over-year increase of approximately 68.6%[25] - Cash outflow from operating activities totaled $4.40 billion, up from $3.73 billion, reflecting a 17.9% increase[25] - The ending cash and cash equivalents balance stood at $524.68 million, an increase from $414.95 million at the end of the previous period[26] Investments and Expenses - Research and development expenses amounted to 57.02 million, reflecting investments in new product development and enhancements in computing power services[11] - Research and development expenses increased to ¥69,588,341.71 in 2025 from ¥44,316,864.51 in 2024, reflecting a growth of 57%[20] - The company confirmed a fair value change gain from the investment in Fulide, contributing to the profit growth in the third quarter[9] - The company recorded a fair value change gain of 1,340,142.51 million, primarily due to the valuation of its investment in Fulede[11] - The company reported a fair value gain of CNY 85,156,946.42 from its investment in Fulede, with the market value of shares held amounting to CNY 137,576,073.66 as of September 30, 2025[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,608, with the top shareholder holding 36.51% of the shares[13] - The company has not reported any changes in the top 10 shareholders or their shareholdings due to margin trading activities[15]

Financial Performance - Operating revenue for the third quarter was CNY 901,665,850.44, a decrease of 23.60% year-on-year[4] - Total profit for the period was CNY 24,882,003.24, down 56.50% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 20,822,703.48, reflecting a decline of 58.31% year-on-year[4] - The basic earnings per share decreased by 58.32% to CNY 0.0614[4] - Total revenue for the first three quarters of 2025 was CNY 2,902,143,264.83, a decrease of 10.3% compared to CNY 3,235,792,316.21 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 86,347,610.88, a decrease of 21% compared to CNY 109,185,335.61 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was CNY 107,682,598.78, down from CNY 126,348,612.15 in 2024, reflecting a decline of approximately 14.5%[19] - The company reported a total comprehensive income of CNY 86,175,549.62 for the first three quarters of 2025, down from CNY 109,699,146.39 in 2024[19] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.2426, compared to CNY 0.3093 in the same period of 2024[19] Assets and Liabilities - Total assets increased by 9.45% to CNY 6,412,183,081.46 compared to the end of the previous year[6] - Total assets reached CNY 6,412,183,081.46 as of September 30, 2025, up from CNY 5,858,786,852.71 at the end of 2024, an increase of 9.4%[16] - Total liabilities increased to CNY 4,402,296,251.67 from CNY 3,905,638,281.14, reflecting a rise of 12.7%[15] - The company's equity attributable to shareholders rose to CNY 1,940,498,044.54 from CNY 1,887,822,613.09, an increase of 2.8%[16] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 139,949,207.08, down 47.68% year-on-year[10] - Cash flow from operating activities for the first three quarters of 2025 was CNY 139,949,207.08, a decrease of 47.5% compared to CNY 267,473,294.26 in 2024[21] - Cash flow from investing activities showed a net outflow of CNY 78,243,511.97 in 2025, compared to a net inflow of CNY 21,927,970.72 in 2024[22] - Cash flow from financing activities resulted in a net outflow of CNY 36,829,053.10 in 2025, an improvement from a net outflow of CNY 615,104,762.06 in 2024[22] - The company received CNY 1,549,035,779.00 in cash from borrowings during the financing activities in 2025, compared to CNY 1,466,929,577.20 in 2024[22] Expenses and Costs - Total operating costs for the first three quarters of 2025 were CNY 2,801,374,812.13, down 10.5% from CNY 3,129,005,769.57 in 2024[18] - Research and development expenses decreased to CNY 111,836,357.57 in 2025 from CNY 126,943,956.00 in 2024, reflecting a reduction of 11.9%[18] Shareholder Information - The top three shareholders hold a combined 56.35% of the company's shares, indicating concentrated ownership[12] Other Financial Metrics - The weighted average return on net assets decreased by 1.58 percentage points to 1.07% for the current period[4] - Non-recurring gains and losses for the current period totaled CNY 8,215,394.10, with significant contributions from government subsidies[8] - The company reported a net loss of CNY 723,261.14 from investments, compared to a loss of CNY 149,950.59 in the previous year[18] - The company experienced a decline in sales prices and project acceptance progress, leading to reduced sales volume[9] - Cash and cash equivalents increased to CNY 237,779,336.60 as of September 30, 2025, compared to CNY 182,717,844.77 at the end of 2024, representing a growth of 30.1%[14] - Accounts receivable decreased to CNY 1,703,284,934.09 from CNY 1,763,612,037.23, indicating a decline of 3.4%[14] - Inventory increased to CNY 1,218,964,341.29 from CNY 955,252,625.42, marking a rise of 27.6%[14]

重庆啤酒股份有限公司 2025 年第三季度报告 证券代码：600132 证券简称：重庆啤酒 重庆啤酒股份有限公司 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 | 4,219,528,375.46 | 0.41 | 13,058,752, ...

Financial Performance - Total revenue for Q3 2025 was CNY 800,623,125.52, a decrease of 6.16% compared to the same period last year[4] - Total profit for Q3 2025 was CNY 24,968,314.85, down 78.75% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 19,521,077.29, a decline of 80.87% compared to the previous year[4] - Basic earnings per share for Q3 2025 was CNY 0.0695, representing an 80.74% decrease year-on-year[5] - Net profit for the first three quarters of 2025 was ¥90,046,130.71, a decrease of 44.4% compared to ¥162,478,479.84 in 2024[21] - Basic earnings per share for the first three quarters of 2025 was ¥0.3293, down from ¥0.5867 in the same period of 2024[22] - The total comprehensive income for the first three quarters of 2025 was ¥89,647,700.33, down 45.1% from ¥163,158,822.42 in 2024[22] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was CNY 160,910,674.95, an increase of 35.65% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2025 was ¥160,910,674.95, an increase of 35.6% from ¥118,621,460.56 in 2024[23] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled ¥708,592,693.07, compared to ¥698,923,569.06 at the end of 2024[23] - Total assets at the end of Q3 2025 were CNY 2,536,235,367.61, a decrease of 2.15% from the end of the previous year[5] - The company's current assets totaled RMB 996,531,111.11, down from RMB 1,026,514,406.57 at the end of 2024, reflecting a decline of approximately 2.5%[16] - Cash and cash equivalents decreased to RMB 716,031,646.90 from RMB 829,414,767.05, representing a decline of about 13.6%[16] - Accounts receivable decreased to RMB 46,753,235.99 from RMB 76,346,763.36, a significant drop of approximately 38.8%[16] - The company's non-current assets totaled RMB 1,539,704,256.50, a slight decrease from RMB 1,565,576,013.73[17] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 1,953,032,739.18, an increase of 0.68% compared to the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 22,424[12] - The company's equity attributable to shareholders increased slightly to RMB 1,953,032,739.18 from RMB 1,939,900,166.39, showing a growth of approximately 0.6%[18] - The company repurchased a total of 5,776,030 shares, accounting for 2.04% of the total share capital[13] Operating Costs and Revenue - Total operating revenue for the first three quarters of 2025 reached ¥2,287,552,835.39, a 16.7% increase from ¥1,959,796,707.78 in the same period of 2024[20] - Total operating costs increased to ¥2,187,441,878.30, up 23.4% from ¥1,771,392,098.18 year-over-year[20] - The company reported a significant increase in sales revenue from goods and services, totaling ¥2,808,905,813.40, up 26.8% from ¥2,213,655,368.19 in 2024[22] Financial Adjustments and Standards - The decline in total profit was primarily due to a decrease in the sales price of liquefied natural gas (LNG) compared to the same period last year[9] - The company reported a net loss of CNY 32,830.04 from other operating income and expenses for the year-to-date[8] - The company incurred a credit impairment loss of ¥6,123,891.97 in 2025, compared to a gain of ¥2,649,450.47 in 2024[20] - The company's financial expenses decreased significantly to ¥1,050,365.86 in 2025 from ¥6,522,594.57 in 2024, primarily due to lower interest expenses[20] - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[24] Liabilities - The total liabilities decreased to RMB 512,176,722.64 from RMB 583,190,842.62, indicating a reduction of about 12.2%[18] - The company's short-term borrowings decreased significantly to RMB 20,000,000.00 from RMB 108,088,664.84, reflecting a reduction of approximately 81.5%[17] - The company reported a significant increase in prepayments, which rose to RMB 136,826,980.12 from RMB 43,042,229.32, marking an increase of approximately 218.5%[16]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥122,199,208.07, an increase of 8.99% compared to the same period last year[5] - Net profit attributable to shareholders surged to ¥6,204,449.32, reflecting a remarkable increase of 1,082.14% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,115,948.43, a staggering increase of 33,881.57% compared to the previous year[5] - Basic earnings per share for the period was ¥0.03, representing a 900.00% increase year-on-year[5] - Total operating revenue for the current period reached ¥373,086,597.23, an increase of 9.1% compared to ¥340,803,340.72 in the previous period[20] - Net profit for the current period reached CNY 21,518,507.40, a significant increase compared to CNY 1,185,602.43 in the previous period, representing a growth of approximately 1,718%[21] - Operating profit amounted to CNY 25,269,063.05, up from CNY 1,798,680.73, indicating a substantial increase in operational efficiency[21] - Total comprehensive income for the current period was CNY 21,378,552.38, compared to CNY 1,040,413.00 in the previous period, marking a significant increase[21] - Basic and diluted earnings per share both stood at CNY 0.1, up from CNY 0.01 in the previous period, indicating a tenfold increase[22] - The total revenue from sales of goods and services reached CNY 388,009,193.27, an increase from CNY 355,674,106.37 in the previous period, reflecting a growth of approximately 9%[22] Assets and Liabilities - Total assets as of September 30, 2025, were ¥1,130,148,094.96, a slight decrease of 0.26% from the end of the previous year[5] - The total assets of the company stood at ¥1,130,148,094.96, a slight decrease from ¥1,133,110,879.70[19] - The total liabilities decreased significantly from ¥368,311,316.21 to ¥179,917,305.87, a reduction of 51.1%[19] - The company's equity attributable to shareholders increased by 24.25% to ¥950,230,789.09 compared to the end of the previous year[5] - The company's equity attributable to shareholders increased to ¥950,230,789.09 from ¥764,799,563.49, reflecting a growth of 24.3%[19] Cash Flow - The cash flow from operating activities for the year-to-date was ¥23,224,382.63, an increase of 89.35%[5] - Cash received from other operating activities increased by 61.09% to 27,265,165.61, mainly due to an increase in cash recovered from bank acceptance bill guarantees[10] - Cash paid for other operating activities rose by 37.02% to 37,156,971.35, attributed to an increase in cash paid for bill guarantees[10] - Cash recovered from investments decreased by 39.40% to 472,412,000.00, mainly due to a reduction in the redemption of financial products[10] - Cash received from investment income fell by 34.84% to 1,964,521.85, primarily due to a decrease in returns from financial products[10] - Cash paid for the purchase of fixed assets decreased by 68.08% to 12,957,008.43, mainly due to a reduction in payments for engineering equipment[10] - Cash received from borrowings increased by 153.73% to 111,000,000.00, primarily due to an increase in bank acceptance bill financing[10] - Cash paid for debt repayment increased by 103.36% to 100,152,821.56, mainly due to an increase in repayments of bank acceptance bill financing[10] - Cash dividends paid increased by 346.50% to 14,498,079.82, primarily due to cash dividends paid during the period[10] - Cash flow from operating activities generated a net amount of CNY 23,224,382.63, compared to CNY 12,265,623.15 in the prior period, reflecting a growth of about 89%[22] - Cash flow from investing activities resulted in a net outflow of CNY 49,778,916.58, compared to a smaller outflow of CNY 9,218,066.67 in the prior period, indicating increased investment activity[23] - Cash flow from financing activities generated a net inflow of CNY 5,968,482.51, contrasting with a net outflow of CNY 8,747,051.86 in the previous period, showing improved financing conditions[23] Expenses and Costs - Total operating costs amounted to ¥348,908,923.85, slightly up from ¥341,735,461.80, indicating a cost increase of 2.3%[20] - Research and development expenses were reported at ¥18,878,176.41, slightly down from ¥19,754,036.27, indicating a focus on cost management in R&D[20] - Income tax expenses increased by 1,090.45% to 3,694,873.77 due to the rise in taxable income[10] - Cash received from tax refunds decreased by 30.61% to 6,040,239.37, primarily due to a reduction in export tax rebates[10] Market Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[20] Other Financial Metrics - The company reported a significant increase in financial assets, with trading financial assets rising by 36.38% to ¥146,000,000.00[9] - The company experienced a 61.37% increase in contract liabilities, reaching ¥1,360,315.96, primarily due to an increase in advance payments[9] - The company recorded a 740.76% increase in non-operating income, amounting to ¥60,009.96, attributed to an increase in unpayable amounts[9] - Cash and cash equivalents decreased to ¥145,254,369.45 from ¥162,986,286.03, a decline of 10.5%[17] - Accounts receivable decreased to ¥135,207,485.92 from ¥143,480,428.28, a reduction of 5.4%[17] - The company reported a decrease in other comprehensive income, with a net amount of CNY -139,955.02 compared to CNY -145,189.43 in the previous period[21]

Financial Performance - The company's operating revenue for the third quarter reached ¥2,306,382,726.41, an increase of 6.78% compared to the same period last year[4] - The total profit for the quarter was ¥91,867,840.16, showing a slight decrease of 0.09% year-on-year[4] - Net profit attributable to shareholders was ¥73,182,359.10, reflecting a growth of 15.15% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥72,481,391.62, up by 15.29% year-on-year[4] - The net profit for the first three quarters of 2025 reached CNY 191,805,027.11, an increase from CNY 170,781,045.00 in the same period of 2024, representing an increase of approximately 12.0%[21] - The company's total profit for the current period was CNY 243,593,376.67, an increase from CNY 227,636,434.28 in the previous year, representing a growth of approximately 7.3%[21] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was ¥410,883,668.24, which is a decrease of 46.72% compared to the previous year[5] - The net cash flow from operating activities decreased to CNY 410,883,668.24 in 2025 from CNY 771,218,954.50 in 2024, reflecting a decline of approximately 46.7%[24] - Cash and cash equivalents as of September 30, 2025, were CNY 830,065,550.19, a decrease from CNY 1,188,839,824.64 at the end of 2024[14] - The cash and cash equivalents at the end of the period were CNY 830,065,550.19, compared to CNY 640,586,173.26 at the end of the previous year, showing an increase of approximately 29.6%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,653,868,105.43, a decrease of 0.59% from the end of the previous year[5] - Total assets as of September 30, 2025, were CNY 9,653,868,105.43, slightly down from CNY 9,711,521,348.82 at the end of 2024[17] - Total liabilities as of September 30, 2025, were CNY 4,930,015,359.51, compared to CNY 5,092,148,212.13 at the end of 2024, showing a decrease of 3.2%[16] - The company's total equity as of September 30, 2025, was CNY 4,723,852,745.92, an increase from CNY 4,619,373,136.69 at the end of 2024[17] Shareholder Information - Shareholder equity attributable to the parent company was ¥4,565,852,580.51, an increase of 2.11% year-on-year[5] - The total number of ordinary shareholders at the end of the reporting period was 32,935[10] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 6,335,295,304.20, up from CNY 5,920,690,791.89 in 2024, reflecting a year-on-year increase of 7.0%[20] - Research and development expenses for the first three quarters of 2025 amounted to CNY 6,386,976.75, down 29.3% from CNY 9,045,052.20 in 2024[20] - The company incurred financial expenses of CNY 7,622,357.88, up from CNY 7,074,180.23, marking an increase of about 7.8%[21] - The interest expenses decreased significantly to CNY 16,391,589.76 from CNY 27,590,239.65, a reduction of approximately 40.5%[21] Government Subsidies - The company received government subsidies amounting to ¥2,560,866.91 during the quarter, contributing positively to the financial results[7] Earnings Per Share - Basic earnings per share for the quarter were ¥0.06, unchanged from the previous year[5] - The basic and diluted earnings per share remained stable at CNY 0.14 for both periods[22] Investment Activities - The company’s investment activities resulted in a net cash outflow of CNY 437,656,625.48, compared to a net outflow of CNY 678,335,906.97 in the previous year, indicating an improvement of about 35.5%[24] Profit Margins - Operating profit margin for the first three quarters of 2025 was approximately 3.7%, compared to 3.8% in the same period of 2024, indicating a slight decrease[20]

Financial Performance - The company's operating revenue for Q3 2025 was ¥90,584,837.49, representing a year-on-year increase of 6.67%[3] - The total profit for the period was -¥43,639,818.60, with a year-to-date total profit of -¥108,874,194.86[3] - The net profit attributable to shareholders was -¥40,787,500.60 for the quarter, and -¥102,589,767.11 year-to-date[3] - Basic earnings per share for the quarter were -¥0.10, and -¥0.26 year-to-date[5] - Total operating revenue for the first three quarters of 2025 was CNY 413,695,665.01, a decrease of 19.1% compared to CNY 511,178,623.24 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was a loss of CNY 109,320,784.69, compared to a loss of CNY 120,589,399.30 in 2024, indicating an improvement[21] - Net profit for the first three quarters of 2025 was a loss of CNY 101,814,101.92, compared to a loss of CNY 80,808,301.27 in the same period of 2024[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.26, compared to CNY -0.20 in 2024[21] Research and Development - Research and development expenses totaled ¥30,970,028.95 for the quarter, a decrease of 32.11% compared to the previous year[5] - R&D expenses accounted for 34.19% of operating revenue, a decrease of 19.53 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 114,356,705.99, a decrease of 5.0% from CNY 120,920,337.83 in 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,075,400,246.80, down 3.00% from the end of the previous year[5] - The company's total assets decreased to CNY 3,075,400,246.80 from CNY 3,170,603,299.21 year-over-year[17] - Total liabilities increased slightly to CNY 1,408,294,618.15 from CNY 1,401,683,568.64 year-over-year[17] - Shareholders' equity attributable to the company was ¥1,634,391,019.16, a decrease of 5.91% from the previous year[5] - The company's equity attributable to shareholders decreased to CNY 1,634,391,019.16 from CNY 1,736,980,786.27 year-over-year[17] Cash Flow - The company reported a cash flow from operating activities net amount of -¥372,101,061.82 year-to-date[3] - In the first three quarters of 2025, the company reported cash inflows from operating activities of CNY 657,466,323.12, an increase of 26.2% compared to CNY 520,883,333.64 in the same period of 2024[22] - The net cash outflow from operating activities for the first three quarters of 2025 was CNY -372,101,061.82, an improvement from CNY -443,263,423.93 in 2024[22] - The net cash flow from investing activities was CNY 85,658,471.10 in 2025, a decrease of 61.8% compared to CNY 224,408,339.55 in 2024[23] - The company recovered CNY 1,185,000,000.00 from investments in the first three quarters of 2025, up from CNY 795,000,000.00 in 2024, representing a 48.9% increase[23] - Total cash and cash equivalents at the end of Q3 2025 stood at CNY 842,617,392.11, down from CNY 1,261,098,792.27 at the end of Q3 2024[23] - The company reported cash outflows from financing activities of CNY 6,647,502.80 in 2025, compared to CNY 33,447,319.04 in 2024, indicating a significant reduction of 80.2%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,874[13] - The largest shareholder, China Aerospace Science and Technology Corporation, holds 121,320,000 shares, representing 30.33% of total shares[13] - The total number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, with the top shareholder alone holding over 30%[14] - The company has no pledged shares among its top shareholders, indicating a stable ownership structure[13] - The report indicates no significant changes in the participation of major shareholders in margin trading or securities lending[14] Inventory and Receivables - Inventory increased to ¥856,086,431.43 from ¥568,140,393.08, indicating a growth of approximately 50.6%[15] - The company has accounts receivable of ¥322,848,864.30, slightly down from ¥342,818,940.63[15] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current reporting period[15] - The company reported a financial income of CNY 6,800,417.57 for the first three quarters of 2025, compared to a financial expense of CNY 11,602,655.94 in 2024[20] - Cash inflows from operating activities included CNY 603,822,710.90 from sales of goods and services, a 38.7% increase from CNY 435,537,443.11 in 2024[22] - The company paid CNY 609,113,884.94 for goods and services in the first three quarters of 2025, which is an increase from CNY 531,626,630.14 in 2024[22] - The company’s cash outflows for employee compensation were CNY 322,193,554.61 in 2025, slightly down from CNY 337,017,353.49 in 2024[22] - The company did not report any cash inflows from financing activities in 2025, compared to CNY 2,000,000.00 in 2024[23]

陕西源杰半导体科技股份有限公司 2025 年第三季度报告 证券代码：688498 证券简称：源杰科技 陕西源杰半导体科技股份有限公司 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。 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 | 项目 | 本报告期 | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 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 | 178,298,608.24 | 207.31 | 383,249 ...

Financial Performance - The company's operating revenue for the third quarter was ¥94,558,808.53, a decrease of 41.44% compared to the same period last year[4] - The total profit for the quarter was -¥65,089,370.51, reflecting a 20.56% increase in losses year-over-year[4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥63,156,678.31, a decrease of 9.62% compared to the previous year[4] - The basic and diluted earnings per share were both -¥0.105, a decline of 10.53% from the same period last year[5] - The weighted average return on equity was -22.473%, a decrease of 12.59% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 was CNY 295.42 million, a decrease of 34.6% compared to CNY 451.96 million in the same period of 2024[21] - Net loss for the first three quarters of 2025 was CNY 159.10 million, slightly improved from a net loss of CNY 162.27 million in the same period of 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.254, compared to CNY -0.283 in the same period of 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,556,251,304.61, down 11.67% from the end of the previous year[5] - Total assets decreased to CNY 1,556.25 million from CNY 1,761.92 million year-over-year, reflecting a decline of 11.6%[18] - Total liabilities as of the end of the reporting period were CNY 1,353.14 million, a slight decrease from CNY 1,398.38 million at the end of the previous year[18] - The company's total non-current liabilities increased to CNY 138.51 million from CNY 31.92 million, indicating a significant rise[18] - The company's total equity decreased to CNY 203.12 million from CNY 363.55 million, representing a decline of 44.1%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥387,932,285.52, indicating a significant cash flow issue[5] - The net cash flow from operating activities was -387,932,285.52, compared to -22,428,261.11 in the previous period, indicating a significant decline in operational cash flow[26] - Total cash inflow from financing activities amounted to 882,343,246.97, an increase from 710,837,404.48 in the prior period[27] - The net cash flow from financing activities was 332,022,155.61, up from 42,553,489.52, reflecting improved financing conditions[27] - Cash inflow from investment activities was 110,639,401.10, significantly higher than 20,765,681.45 in the previous period[26] - The net cash flow from investment activities was 101,586,281.85, a recovery from -6,422,782.77 in the prior period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,530[12] - The largest shareholder, He Zhenya, holds 64,848,806 shares, representing 10.58% of the total shares[12] - The company has no significant changes in the top ten shareholders or their shareholding status compared to the previous period[13] Operational Challenges - The decline in operating revenue was primarily due to international trade frictions affecting export business, leading to a tight cash flow situation[9] - Non-recurring gains and losses for the period totaled -¥904,326.77, with significant impacts from asset impairment and government subsidies[8] - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 242.26 million, a decline of 51.7% from CNY 501.52 million in the same period of 2024[25] - Total operating costs for the first three quarters of 2025 were CNY 467.38 million, down 23.7% from CNY 613.52 million year-over-year[21] Changes in Assets - Accounts receivable decreased to ¥421,912,802.50 from ¥454,165,568.84 year-over-year[16] - Inventory decreased to ¥274,484,067.06 from ¥298,988,520.75 year-over-year[16] - Total current assets as of September 30, 2025, are ¥936,961,316.66, down from ¥987,410,103.57 at the end of 2024[16] - Long-term receivables decreased to ¥9,719,628.27 from ¥13,779,805.11 year-over-year[16] - Fixed assets decreased to ¥345,678,573.79 from ¥477,035,993.44 year-over-year[16] Labor and Tax Expenses - Cash paid to employees increased to 202,315,135.93 from 128,784,782.39, indicating higher labor costs[26] - The company received tax refunds totaling 647,403.64, compared to 7,699,133.29 in the previous period, reflecting a decrease in tax recovery[26] Strategic Developments - There are no significant new strategies or product developments mentioned in the conference call[14]