QCIOT(SH:688528)2025-10-15 11:10Financial Performance - The company's operating revenue for the third quarter was ¥91,519,055.49, representing a year-on-year increase of 26.41%[3]. - The total profit for the third quarter was -¥8,850,988.32, with a year-to-date total profit of -¥69,555,534.61[3]. - The net profit attributable to shareholders for the third quarter was -¥9,034,232.39, and year-to-date it was -¥69,899,142.81[3]. - Total operating revenue for the first three quarters of 2025 was ¥219,090,333.01, a decrease of 16.3% compared to ¥261,577,847.09 in the same period of 2024[23]. - Net loss for the first three quarters of 2025 was ¥69,854,247.01, compared to a net loss of ¥41,483,669.21 in the same period of 2024, representing a 68.2% increase in losses[24]. - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.44, compared to -¥0.26 in the same period of 2024[25]. - The company’s net loss for the period was -32,635,881.95 RMB, compared to a profit of 19,939,856.84 RMB in the previous year, highlighting challenges in profitability[33]. - Operating profit for the first three quarters of 2025 was a loss of RMB 52.61 million, compared to a loss of RMB 40.48 million in 2024, indicating a worsening performance[36]. - Net profit for the first three quarters of 2025 was a loss of RMB 52.58 million, compared to a loss of RMB 29.51 million in 2024, reflecting increased financial challenges[36]. Cash Flow - The cash flow from operating activities for the third quarter was ¥33,095,221.78, showing a significant increase of 236.51% year-on-year[3]. - The net cash flow from operating activities increased by RMB 13.3364 million year-on-year, attributed to a decrease in cash paid to employees[12]. - Cash flow from operating activities for the first three quarters of 2025 was RMB 20.32 million, an increase of 109.0% from RMB 9.70 million in 2024[39]. - Total cash inflow from financing activities was 76,177,598.44 RMB, compared to 84,000,000.00 RMB in the previous year, with net cash flow from financing activities improving to 11,990,274.83 RMB from -96,770,742.24 RMB[29]. - Cash and cash equivalents at the end of the period decreased to 72,806,239.05 RMB from 28,800,494.74 RMB year-over-year[29]. - Cash and cash equivalents at the end of the first three quarters of 2025 were RMB 69.24 million, compared to RMB 27.86 million at the end of 2024, showing improved liquidity[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥850,846,549.54, a decrease of 6.29% compared to the end of the previous year[4]. - The company's total assets were RMB 850,846,549.54 as of September 30, 2025, down from RMB 907,995,626.34 at the end of 2024[19]. - Total current assets as of September 30, 2025, amounted to RMB 384,875,971.48, a decrease from RMB 420,340,961.88 as of December 31, 2024[19]. - Total liabilities decreased to ¥353,476,635.25 in 2025 from ¥361,449,063.48 in 2024, a reduction of 2.7%[21]. - Non-current liabilities increased to ¥75,982,399.03 in 2025 from ¥64,764,006.28 in 2024, an increase of 17.1%[21]. - The company's total equity decreased to ¥497,369,914.29 in 2025 from ¥546,546,562.86 in 2024, a decline of 9.0%[21]. - The company reported a decrease in accounts receivable to 187,240,673.59 RMB from 206,206,694.05 RMB, indicating improved collection efficiency[31]. - Inventory levels decreased to 44,497,973.70 RMB from 54,257,955.90 RMB, reflecting better inventory management[31]. - The company reported a total non-current asset value of RMB 465,970,578.06, down from RMB 487,654,664.46[19]. Research and Development - Research and development expenses totaled ¥13,795,238.32 for the third quarter, accounting for 15.07% of operating revenue[4]. - Research and development expenses for the first three quarters of 2025 were ¥42,409,486.01, down 10.4% from ¥47,508,800.79 in 2024[24]. - Research and development expenses for the first three quarters of 2025 were RMB 37.13 million, down 16.5% from RMB 44.45 million in 2024, indicating a potential shift in investment strategy[35]. Shareholder Information - As of September 30, 2025, the total number of common shareholders was 6,303[14]. - The top shareholder, Shao Zehua, holds 101,165,281 shares, representing 60.22% of the total shares[14]. - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[16]. Future Outlook - The company expects improved operating conditions in the fourth quarter, with increased revenue and gross margin anticipated[11]. - The company received government subsidies totaling ¥985,137.33 related to assets, which are expected to have a lasting impact on profitability[10].