腾景科技(688195) - 2025 Q3 - 季度财报

Key Highlights This section provides an overview of Tengjing Technology's strong financial performance in Q3 2025 and year-to-date, highlighting significant revenue and profit growth, improved cash flow, and increased R&D investment Key Financial Data Tengjing Technology demonstrated strong financial performance in Q3 2025 and year-to-date, with significant growth in operating revenue and total profit, and a substantial increase in net operating cash flow, reflecting business expansion and robust collections, alongside sustained R&D investment Key Accounting Data and Financial Indicators This section presents a detailed overview of the company's key financial metrics and indicators for the current reporting period and year-to-date, showing significant growth in revenue, profit, and R&D investment Key Accounting Data and Financial Indicators | Item | Current Period (RMB) | YoY Change (%) | Year-to-Date (RMB) | YoY Change (YTD, %) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 162,253,874.81 | 34.83 | 425,131,074.76 | 28.11 | | Total Profit | 32,103,763.66 | 41.49 | 74,181,286.67 | 29.47 | | Net Profit Attributable to Parent Company Shareholders | 27,213,666.02 | 20.11 | 63,802,495.35 | 15.00 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Gains and Losses) | 26,646,645.53 | 19.52 | 61,271,390.30 | 14.96 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 94,598,265.40 | 120.76 | | Basic Earnings Per Share (RMB/share) | 0.21 | 16.67 | 0.50 | 16.28 | | Diluted Earnings Per Share (RMB/share) | 0.21 | 16.67 | 0.50 | 16.28 | | Weighted Average Return on Net Assets (%) | 2.86 | Increase of 0.41 percentage points | 6.78 | Increase of 0.75 percentage points | | Total R&D Investment | 17,071,445.72 | 54.23 | 46,179,112.13 | 38.52 | | R&D Investment as % of Operating Revenue | 10.52 | Increase of 1.32 percentage points | 10.86 | Increase of 0.81 percentage points | | End of Current Period | | | End of Prior Year | Change from Prior Year-End (%) | | Total Assets | 1,409,418,551.70 | | 1,299,206,049.14 | 8.48 | | Total Equity Attributable to Parent Company Shareholders | 965,764,614.12 | | 921,357,359.27 | 4.82 | Non-recurring Gains and Losses Items and Amounts This section details the specific items and corresponding amounts of non-recurring gains and losses for both the current period and year-to-date, impacting the company's net profit Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Gains or losses from disposal of non-current assets | 8,717.19 | -391,363.76 | | Government grants recognized in current profit or loss | 556,720.93 | 2,884,347.67 | | Gains or losses from changes in fair value and from disposal of financial assets and liabilities | 65,999.38 | 842,057.69 | | Gains or losses from entrusted investments or asset management | 29,526.05 | 477,466.52 | | Other non-operating income and expenses | 23,225.35 | 127,514.40 | | Less: Income tax impact | 102,927.84 | 695,972.40 | | Non-controlling interests impact (after tax) | 14,240.57 | 712,945.07 | | Total | 567,020.49 | 2,531,105.05 | Changes and Reasons for Key Accounting Data and Financial Indicators This section explains the significant changes in key accounting data and financial indicators, attributing them to factors such as market demand, product optimization, and strategic R&D investments - Operating revenue increased by 34.83% in the current period, primarily driven by growth in the high-speed optical communication components market due to AI computing demand, high growth in advanced optical module business in emerging applications like semiconductor equipment, and a recovery in demand from industrial laser customers[9][10] - Total profit increased by 41.49% in the current period, mainly due to operating revenue growth, optimized product structure, and improved gross profit margin[10] - Net cash flow from operating activities increased by 120.76% year-to-date, primarily due to increased operating revenue and strong collections[10] - Total R&D investment increased by 54.23% in the current period and 38.52% year-to-date, mainly due to the company's proactive technological research and forward-looking strategic布局 in the optoelectronic industry, aligning with trends in integrated high-speed optical communication technology, domestic substitution and independent control of semiconductor equipment components, and accelerated adoption of AR glasses near-eye display technology[10] Shareholder Information This section provides details on the company's shareholder structure, including the total number of common shareholders and the holdings of the top ten shareholders, highlighting the controlling shareholder's stake Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 16,846 common shareholders, with stable holdings among the top ten, and actual controller Yu Hongrui collectively controlled 25.53% of the company's shares through direct and indirect means - The total number of common shareholders at the end of the reporting period was 16,846[12] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Ratio (%) | | :--- | :--- | :--- | :--- | | Yu Hongrui | Domestic Individual | 23,660,000 | 18.29 | | Wang Qiping | Domestic Individual | 11,900,000 | 9.20 | | Yancheng Guangyuan Investment Partnership (Limited Partnership) | Other | 7,742,635 | 5.99 | | Jin Tianbing | Domestic Individual | 4,900,000 | 3.79 | | Liu Wei | Domestic Individual | 3,950,000 | 3.05 | | Fujian Huaxing Venture Capital Co., Ltd. | State-owned Legal Person | 2,540,349 | 1.96 | | Fujian Longyao Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 2,460,236 | 1.90 | | Hong Kong Securities Clearing Company Limited | Other | 2,163,428 | 1.67 | | Zhang Qing | Domestic Individual | 1,699,856 | 1.31 | | Yancheng Qili Investment Partnership (Limited Partnership) | Other | 1,620,365 | 1.25 | - Yu Hongrui directly holds 18.29% of the company's shares and, through Yancheng Guangyuan Investment Partnership (Limited Partnership) and Yancheng Qili Investment Partnership (Limited Partnership), collectively controls 25.53% of the company's shares, serving as the controlling shareholder and actual controller[13] Other Reminders This section confirms the absence of other significant operational information requiring investor attention during the reporting period Other Important Information During the reporting period, the company had no other significant operational information requiring special attention from investors - During the reporting period, the company had no other significant operational information requiring special attention from investors[14] Quarterly Financial Statements This section presents the unaudited consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement, reflecting the company's financial position and performance Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[14] Consolidated Balance Sheet As of September 30, 2025, the company's total assets reached RMB 1.409 billion, an 8.48% increase from the prior year-end, with significant growth in non-current assets, particularly fixed assets and construction in progress, reflecting investments in production capacity and infrastructure Consolidated Balance Sheet Key Data (As of September 30, 2025 vs December 31, 2024) | Item | September 30, 2025 (RMB) | December 31, 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Assets | | | | | Total Current Assets | 518,591,438.71 | 598,784,808.72 | -13.40 | | Total Non-current Assets | 890,827,112.99 | 700,421,240.42 | 27.18 | | Total Assets | 1,409,418,551.70 | 1,299,206,049.14 | 8.48 | | Liabilities | | | | | Total Current Liabilities | 282,200,591.03 | 252,620,711.15 | 11.79 | | Total Non-current Liabilities | 110,585,891.28 | 76,549,500.81 | 44.46 | | Total Liabilities | 392,786,482.31 | 329,170,211.96 | 19.33 | | Shareholders' Equity | | | | | Total Equity Attributable to Parent Company Shareholders | 965,764,614.12 | 921,357,359.27 | 4.82 | | Non-controlling Interests | 50,867,455.27 | 48,678,477.91 | 4.50 | | Total Shareholders' Equity | 1,016,632,069.39 | 970,035,837.18 | 4.80 | - Fixed assets increased from RMB 443 million at the end of 2024 to RMB 531 million as of September 30, 2025, while construction in progress grew from RMB 10.78 million to RMB 72.52 million, indicating a significant increase in the company's investment in production facilities and project construction[16] Consolidated Income Statement In the first three quarters of 2025, the company's total operating revenue reached RMB 425 million, a 28.11% year-on-year increase, with net profit attributable to parent company shareholders at RMB 63.80 million, up 15.00%, reflecting significant R&D expense growth and sustained technological investment Consolidated Income Statement Key Data (First Three Quarters of 2025 vs First Three Quarters of 2024) | Item | First Three Quarters of 2025 (RMB) | First Three Quarters of 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 425,131,074.76 | 331,848,898.44 | 28.11 | | Total Operating Costs | 357,501,456.46 | 277,533,414.75 | 28.81 | | Operating Profit | 74,783,439.10 | 59,130,905.16 | 26.47 | | Total Profit | 74,181,286.67 | 57,296,077.64 | 29.47 | | Net Profit | 66,167,880.89 | 55,074,128.77 | 20.14 | | Net Profit Attributable to Parent Company Shareholders | 63,802,495.35 | 55,481,375.97 | 15.00 | | R&D Expenses | 46,179,112.13 | 33,336,957.73 | 38.52 | | Basic Earnings Per Share (RMB/share) | 0.50 | 0.43 | 16.28 | - Income tax expense significantly increased from RMB 2.22 million in the first three quarters of 2024 to RMB 8.01 million in the first three quarters of 2025, a 260.68% increase[21] Consolidated Cash Flow Statement In the first three quarters of 2025, net cash flow from operating activities was RMB 94.60 million, a 120.76% year-on-year increase due to strong collections; net cash outflow from investing activities was RMB 90.01 million, primarily for acquiring fixed, intangible, and other long-term assets; and net cash outflow from financing activities was RMB 32.31 million, mainly for debt repayment and dividend distribution Consolidated Cash Flow Statement Key Data (First Three Quarters of 2025 vs First Three Quarters of 2024) | Item | First Three Quarters of 2025 (RMB) | First Three Quarters of 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 94,598,265.40 | 42,850,886.80 | 120.76 | | Net Cash Flow from Investing Activities | -90,008,866.55 | -139,745,409.07 | 35.60 (Decrease in outflow) | | Net Cash Flow from Financing Activities | -32,313,847.10 | 59,854,239.19 | -154.00 (Shift from inflow to outflow) | | Net Increase in Cash and Cash Equivalents | -28,568,526.30 | -37,017,259.23 | 22.82 (Decrease in net outflow) | - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets significantly increased from RMB 64.30 million in the first three quarters of 2024 to RMB 193 million in the first three quarters of 2025, indicating a substantial increase in the company's capital expenditures[24]