国机通用(600444) - 2025 Q3 - 季度财报

Important Notice Statement on Report Authenticity The company's board of directors, directors, senior management, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume corresponding legal responsibilities - The company's board of directors, directors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, free from false records, misleading statements, or major omissions, and assume individual and joint legal liabilities[2] - The company's principal officer, head of accounting, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] Financial Statement Audit Status The financial statements for this quarter are unaudited - The third quarter financial statements are unaudited[3] I. Key Financial Data Key Accounting Data and Financial Indicators During the reporting period (Q3), the company's operating revenue decreased by 31.72% year-on-year, and net profit attributable to parent company decreased by 46.73%; from the beginning of the year to the end of the reporting period, operating revenue decreased by 5.93% year-on-year, and net profit attributable to parent company increased by 21.60%; total assets and owners' equity attributable to parent company both increased compared to the end of the previous year 2025 Q3 and Year-to-Date Changes in Key Financial Indicators | Item | Current Reporting Period (Q3) | Year-on-Year Change (%) | Year-to-Date (YTD) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 114,263,279.27 | -31.72 | 525,873,806.92 | -5.93 | | Total Profit | 3,687,377.82 | -17.60 | 36,208,623.76 | 11.38 | | Net Profit Attributable to Shareholders of Listed Company | 3,866,235.05 | -46.73 | 35,929,974.67 | 21.60 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 3,863,924.61 | -71.22 | 36,364,466.87 | 5.39 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 149,048,851.78 | Not Applicable | | Basic Earnings Per Share (Yuan/Share) | 0.03 | -47.23 | 0.25 | 22.69 | | Diluted Earnings Per Share (Yuan/Share) | 0.03 | -47.23 | 0.25 | 22.69 | | Weighted Average Return on Net Assets (%) | 0.53 | -49.31 | 5.00 | 17.13 | | Item | End of Current Reporting Period (Yuan) | End of Previous Year (Yuan) | Change from End of Previous Year (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,489,043,186.00 | 1,342,913,226.62 | 10.88 | | Owners' Equity Attributable to Shareholders of Listed Company | 728,321,985.56 | 708,512,911.28 | 2.80 | Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 2,310.44 yuan, and from the beginning of the year to the end of the reporting period, the total was -434,492.20 yuan, primarily including gains and losses from disposal of non-current assets, capital occupation fees received from non-financial enterprises recognized in current profit or loss, reversal of impairment provisions for accounts receivable, and other non-operating income and expenses 2025 Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount for Current Period (Yuan) | Amount Year-to-Date (Yuan) | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets | - | -150,799.99 | | Capital occupation fees received from non-financial enterprises recognized in current profit or loss | 0.69 | 1,275.29 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 38,000.00 | 116,817.63 | | One-off expenses incurred by the enterprise due to the discontinuation of related business activities | - | -267,319.02 | | Other non-operating income and expenses apart from the above items | -35,690.25 | -134,466.11 | | Total | 2,310.44 | -434,492.20 | Changes and Reasons for Key Accounting Data and Financial Indicators In the current reporting period (Q3), operating revenue, net profit attributable to parent company, net profit excluding non-recurring gains and losses, basic earnings per share, diluted earnings per share, and weighted average return on net assets all decreased year-on-year, primarily due to a year-on-year decrease in project amounts reaching revenue recognition milestones, leading to reduced profit - Operating revenue for the current period decreased by 31.72% year-on-year, primarily due to a decrease in project amounts reaching revenue recognition milestones[9] - Net profit attributable to shareholders of the listed company decreased by 46.73% year-on-year, and net profit attributable to shareholders of the listed company excluding non-recurring gains and losses decreased by 71.22% year-on-year, both primarily due to a decrease in project amounts reaching revenue recognition milestones[9][10] - Basic earnings per share, diluted earnings per share, and weighted average return on net assets all decreased year-on-year in the current period, primarily due to a year-on-year decrease in realized profit[10] II. Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 18,097 common shareholders; the top two shareholders are state-owned legal entities, Hefei General Machinery Research Institute Co., Ltd. and Hefei Industrial Investment Holding (Group) Co., Ltd., holding 36.82% and 7.85% respectively; none of the top ten shareholders hold restricted shares, nor are there any pledges, markings, or freezes - The total number of common shareholders at the end of the reporting period was 18,097[12] Top 10 Shareholders' Holdings at the End of the Reporting Period | Shareholder Name | Shareholder Nature | Number of Shares Held (Shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (Shares) | Pledge, Mark, or Freeze Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Hefei General Machinery Research Institute Co., Ltd. | State-owned Legal Entity | 53,907,212 | 36.82 | 0 | None | | Hefei Industrial Investment Holding (Group) Co., Ltd. | State-owned Legal Entity | 11,497,360 | 7.85 | 0 | None | | Zhang Qizhi | Domestic Natural Person | 1,196,096 | 0.82 | 0 | None | | Cao Weihong | Domestic Natural Person | 1,123,600 | 0.77 | 0 | None | | Pan Qing | Domestic Natural Person | 957,600 | 0.65 | 0 | None | | China Construction Bank Corporation - Noah Multi-Strategy Mixed Securities Investment Fund | Other | 917,200 | 0.63 | 0 | None | | Wei Jiapeng | Domestic Natural Person | 606,200 | 0.41 | 0 | None | | Beijing Shenzhoumu Investment Fund Management Co., Ltd. - Shenzhoumu No. 10 Fund | Other | 548,000 | 0.37 | 0 | None | | Li Jinqiang | Domestic Natural Person | 529,220 | 0.36 | 0 | None | | Han Yonghong | Domestic Natural Person | 431,400 | 0.29 | 0 | None | - The company's controlling shareholder, Hefei General Machinery Research Institute Co., Ltd., has no related party relationship or acting in concert relationship with the other aforementioned shareholders[13] III. Other Reminders During the reporting period, the company had no other important operational information requiring investor attention - There is no other important operational information in the company's reporting period that requires investor attention[14] IV. Quarterly Financial Statements 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 were 1,489,043,186.00 yuan, an increase of 10.88% from the end of 2024; total current assets were 1,399,311,269.88 yuan, with significant increases in monetary funds, inventories, and contract liabilities; total current liabilities were 750,144,212.04 yuan, an increase of 20.75% from the end of 2024 Key Data from Consolidated Balance Sheet as of September 30, 2025 | Item | September 30, 2025 (Yuan) | December 31, 2024 (Yuan) | Change (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Assets | | | | | | Monetary Funds | 552,409,033.69 | 415,318,354.57 | 137,090,679.12 | 33.01 | | Accounts Receivable | 106,988,049.43 | 139,615,216.68 | -32,627,167.25 | -23.37 | | Inventories | 435,599,194.02 | 319,814,402.13 | 115,784,791.89 | 36.21 | | Total Current Assets | 1,399,311,269.88 | 1,247,056,762.69 | 152,254,507.19 | 12.21 | | Total Non-Current Assets | 89,731,916.12 | 95,856,463.93 | -6,124,547.81 | -6.39 | | Total Assets | 1,489,043,186.00 | 1,342,913,226.62 | 146,129,959.38 | 10.88 | | Liabilities | | | | | | Contract Liabilities | 461,231,430.61 | 348,012,746.47 | 113,218,684.14 | 32.53 | | Total Current Liabilities | 750,144,212.04 | 621,187,923.72 | 128,956,288.32 | 20.76 | | Total Liabilities | 760,721,200.44 | 634,400,315.34 | 126,320,885.10 | 19.91 | | Owners' Equity | | | | | | Total Owners' Equity Attributable to Parent Company | 728,321,985.56 | 708,512,911.28 | 19,809,074.28 | 2.80 | - Monetary funds increased by 33.01% from the end of the previous year, inventories increased by 36.21%, and contract liabilities increased by 32.53%[15][16][17] Consolidated Income Statement In the first three quarters of 2025, the company's total operating revenue was 525,873,806.92 yuan, a year-on-year decrease of 5.93%; operating profit and net profit both achieved year-on-year growth, with net profit attributable to parent company shareholders increasing by 21.60% to 35,929,974.67 yuan; administrative expenses significantly decreased, while research and development expenses increased Key Data from Consolidated Income Statement for the First Three Quarters of 2025 | Item | First Three Quarters of 2025 (Yuan) | First Three Quarters of 2024 (Yuan) | Change (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 525,873,806.92 | 559,031,343.95 | -33,157,537.03 | -5.93 | | Total Operating Costs | 495,209,285.13 | 535,418,700.35 | -40,209,415.22 | -7.51 | | Of which: Operating Costs | 448,620,506.72 | 481,605,042.59 | -32,984,535.87 | -6.85 | | Administrative Expenses | 13,783,368.97 | 25,912,531.84 | -12,129,162.87 | -46.81 | | Research and Development Expenses | 30,361,176.44 | 24,100,540.59 | 6,260,635.85 | 25.98 | | Financial Expenses | -5,573,280.82 | -4,821,803.04 | -751,477.78 | 15.58 | | Operating Profit | 36,343,089.87 | 32,489,066.73 | 3,854,023.14 | 11.86 | | Total Profit | 36,208,623.76 | 32,509,758.43 | 3,698,865.33 | 11.38 | | Net Profit | 35,929,974.67 | 29,547,077.30 | 6,382,897.37 | 21.60 | | Net Profit Attributable to Parent Company Shareholders | 35,929,974.67 | 29,547,077.30 | 6,382,897.37 | 21.60 | | Basic Earnings Per Share (Yuan/Share) | 0.25 | 0.20 | 0.05 | 25.00 | - Administrative expenses significantly decreased by 46.81% year-on-year, while research and development expenses increased by 25.98% year-on-year[22] Consolidated Cash Flow Statement In the first three quarters of 2025, net cash flow from operating activities was 149,048,851.78 yuan, a significant positive turnaround from -19,878,205.99 yuan in the same period last year; net cash flow from investing activities was -157,415,334.00 yuan, primarily due to increased cash payments for investments; cash and cash equivalents at the end of the period amounted to 49,219,972.46 yuan Key Data from Consolidated Cash Flow Statement for the First Three Quarters of 2025 | Item | First Three Quarters of 2025 (Yuan) | First Three Quarters of 2024 (Yuan) | Change (Yuan) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 149,048,851.78 | -19,878,205.99 | 168,927,057.77 | | Net Cash Flow from Investing Activities | -157,415,334.00 | 368,653,747.88 | -526,069,081.88 | | Net Cash Flow from Financing Activities | -19,292,244.31 | -20,072,817.49 | 780,573.18 | | Net Increase in Cash and Cash Equivalents | -27,658,726.53 | 328,702,724.40 | -356,361,450.93 | | Cash and Cash Equivalents at End of Period | 49,219,972.46 | 390,146,749.42 | -340,926,776.96 | - Total cash outflow from operating activities significantly decreased year-on-year, primarily due to reduced cash payments for goods and services[25] - Total cash outflow from investing activities significantly increased year-on-year, primarily due to cash payments for investments increasing from 220 million yuan to 270 million yuan[25]