GRANDWALL(SH:603897)2025-10-20 09:45Financial Performance - The company's operating revenue for the third quarter was ¥3,160,022,717.73, a decrease of 0.92% compared to the same period last year[4] - The total profit for the quarter was ¥103,386,732.37, reflecting a growth of 6.00% year-over-year[4] - The net profit attributable to shareholders was ¥77,635,766.81, which is an increase of 5.82% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥75,904,295.54, showing a decline of 1.86% year-over-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 9,442,503,863.31, a slight decrease of 0.68% compared to CNY 9,507,302,460.12 in the same period of 2024[17] - Net profit for the first three quarters of 2025 reached CNY 214,927,854.11, an increase of 13.78% from CNY 188,871,550.28 in 2024[18] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 1.04, up from CNY 0.91 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,862,468,275.11, representing a 5.63% increase from the end of the previous year[5] - The equity attributable to shareholders decreased by 6.04% to ¥2,404,740,158.73 compared to the previous year[5] - Total current assets increased to ¥5,840,298,272.63 from ¥5,485,152,180.78 year-over-year[14] - Total liabilities increased to ¥4,457,728,116.38 from ¥3,937,695,429.05 year-over-year[15] - The total assets and equity of the company amounted to CNY 6,862,468,275.11, an increase from CNY 6,496,995,385.35 in the previous year[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥982,130,241.45[4] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 10,659,581,559.15, compared to CNY 10,394,409,296.48 in 2024, reflecting a growth of 2.54%[20] - The net cash flow from operating activities was 982,130,241.45, a significant improvement from a negative cash flow of -249,552,406.75 in the previous period, indicating a recovery in operational performance[21] - The ending balance of cash and cash equivalents was 1,183,187,462.95, slightly down from 1,234,192,119.69 at the end of the previous period[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,802[11] - The largest shareholder, Huzhou Great Wall Electronics Technology Co., Ltd., holds 51,737,200 shares, accounting for 25.06% of total shares[11] Expenses and Costs - Total operating costs for the first three quarters of 2025 were CNY 9,179,160,512.64, down 1.03% from CNY 9,275,941,517.30 in 2024[17] - Research and development expenses for the first three quarters of 2025 were CNY 41,377,650.14, significantly reduced by 41.14% from CNY 70,102,078.55 in 2024[17] - Financial expenses decreased to CNY 10,680,582.53 in 2025 from CNY 31,529,728.58 in 2024, indicating a reduction of 66.14%[17] - Total cash outflows for employee compensation increased to 78,590,306.95 from 73,110,440.23, indicating rising labor costs[21] - Tax payments rose to 133,728,167.92 from 102,281,748.28, reflecting higher tax obligations[21] Non-Recurring Items - The company reported non-recurring gains of ¥1,731,471.27 for the year-to-date, with significant contributions from government subsidies[8] - The company reported a significant increase in credit impairment losses, amounting to CNY 25,108,710.95 in 2025 compared to CNY 370,580.18 in 2024[18] - Other income for the first three quarters of 2025 was CNY 9,961,162.92, down 63.06% from CNY 26,949,838.87 in 2024[18] Inventory and Receivables - The company's accounts receivable decreased to ¥2,628,471,446.20 from ¥3,105,978,733.16[13] - Inventory increased to ¥848,162,724.84 from ¥696,450,316.78[14] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[23]