VITI(SH:603023)2025-10-23 09:05Financial Performance - The company's operating revenue for Q3 2025 reached ¥36,365,469.01, representing a year-on-year increase of 238.17%[3] - The total profit for the period was a loss of ¥671,096.16, with a year-to-date total profit loss of ¥1,599,280.71, reflecting a decrease of 143.76% compared to the previous year[3] - Net profit attributable to shareholders for Q3 was ¥153,744.17, while the year-to-date net profit decreased by 80.11% to ¥705,830.94[3] - Total operating revenue for the first three quarters of 2025 reached ¥110,319,494.53, a significant increase from ¥46,210,614.87 in the same period of 2024, representing a growth of approximately 138%[20] - The net profit for the first three quarters of 2025 was a loss of ¥776,729.71, contrasting with a net profit of ¥3,548,311.76 in the same period of 2024[21] - The total profit (loss) for the period was -1,458,073.97, compared to a profit of 3,652,800.74 in the previous period[31] - The net profit (loss) for the period was -781,818.77, down from a profit of 3,550,085.19 in the previous period[31] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥917,546,225.80, an increase of 3.66% from the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to RMB 917,546,225.80, an increase from RMB 885,127,023.62 as of December 31, 2024, reflecting a growth of approximately 3.5%[15] - The total liabilities as of the latest reporting period amounted to ¥135,238,949.23, up from ¥100,714,705.35 in the previous year, reflecting an increase of about 34%[19] - The total liabilities decreased to CNY 12,726,708.13 from CNY 14,114,320.61, indicating a reduction of approximately 9.8%[29] Cash Flow - The net cash flow from operating activities for the year-to-date period was a negative ¥32,318,439.56, a decrease of 338.45% compared to the previous year[3] - Cash inflows from operating activities totaled ¥65,760,203.67 in 2025, compared to ¥52,051,488.07 in 2024, showing an increase of approximately 26%[24] - Cash flow from operating activities for the first three quarters of 2025 was 8,009,478.94, a decrease from 14,009,012.46 in the same period of 2024[34] - The net cash flow from investing activities was -28,162,731.65, compared to a positive cash flow of 1,826,500.00 in the previous year[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,307[10] - The total equity attributable to shareholders was ¥769,871,222.70, slightly down from ¥770,493,703.75 in the previous year[19] - The company’s total equity decreased slightly to CNY 768,599,731.87 from CNY 770,709,862.63[30] Operational Highlights - The increase in operating revenue was attributed to the growth in passenger car electronic products and optical injection molding parts[8] - Research and development expenses increased to ¥12,373,827.85 in 2025 from ¥8,478,359.32 in 2024, marking a rise of approximately 46%[20] - The company reported a basic earnings per share of ¥0.0003 for Q3, down 78.33% from the previous year-to-date figure of ¥0.0013[3] - The company approved adjustments to the investment amount and implementation progress of the "Weidi Cloud Bus Internet of Things Service Platform Project" during the board meeting on July 30, 2025[13] Financial Management - The company received government subsidies amounting to ¥802,786.24 related to VAT refunds for software enterprises, which positively impacted its financials[7] - The company plans to use idle funds from convertible bonds for cash management, focusing on safe, principal-protected products such as structured deposits and time deposits[14] - The company experienced a significant increase in financial expenses, with a net financial cost of -¥3,609,936.63 in 2025, compared to -¥6,008,374.74 in 2024, reflecting a decrease in financial burden[20] - Financial expenses showed a significant improvement, with a net income of CNY 4,136,215.42 compared to a loss of CNY 5,900,535.33 in the previous year[30] Inventory and Receivables - Accounts receivable increased to RMB 51,015,618.93 from RMB 35,960,603.27, showing a significant rise of approximately 42.0%[15] - Inventory rose to RMB 122,322,227.80, up from RMB 95,292,359.58, indicating an increase of around 28.4%[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 486,911,541.42 from RMB 531,334,613.39, representing a decline of about 8.4%[15] - Cash and cash equivalents at the end of the period were CNY 486,911,541.42, down from CNY 559,987,631.10[26] - The cash and cash equivalents at the end of the period were 479,959,423.53, down from 539,236,595.59 at the end of the previous year[34] Accounting Standards - The company has not yet adopted new accounting standards for the current year[35]