宁波精达(603088) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was CNY 148,723,105, a decrease of 19.97% compared to the previous year[4]. - The total profit for the quarter was CNY 17,163,447, reflecting a decline of 49.07% year-on-year[4]. - The net profit attributable to shareholders was CNY 10,826,207, down 65.14% from the same period last year[4]. - The basic earnings per share for the quarter was CNY 0.02, a decrease of 71.43% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2025 was CNY 549,460,284.50, a decrease of 5.6% compared to CNY 582,211,385.42 in the same period of 2024[23]. - Net profit for the first three quarters of 2025 was CNY 79,138,453.99, down 34.9% from CNY 121,369,534.28 in the previous year[24]. - Earnings per share (EPS) for the first three quarters of 2025 was CNY 0.16, compared to CNY 0.27 in the same period of 2024[25]. - The total comprehensive income for the first three quarters of 2025 was CNY 78,978,412.13, down 34.9% from CNY 121,360,370.54 in the previous year[24]. Assets and Equity - The total assets at the end of the reporting period were CNY 1,941,454,235, an increase of 40.03% from the end of the previous year[5]. - The equity attributable to shareholders increased by 40.72% year-on-year, reaching CNY 1,094,640,176[5]. - As of September 30, 2025, the company's total assets reached RMB 1,941,454,235.14, an increase from RMB 1,386,454,455.86 at the end of 2024, reflecting a growth of approximately 40%[18]. - Total equity attributable to shareholders was CNY 1,094,640,176.14, up 40.6% from CNY 777,897,888.21 in the previous year[20]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 137,297,094, an increase of 40.84%[11]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 137,297,094.24, an increase of 40.8% from CNY 97,481,535.42 in 2024[25]. - The net cash flow from investment activities was -$64,080,056.01, a decrease from $4,532,238.32 in the previous period[26]. - Total cash inflow from investment activities was $377,807,513.82, compared to $273,608,413.25 previously[26]. - Cash outflow for investment activities totaled $441,887,569.83, up from $269,076,174.93[26]. - The net cash flow from financing activities was $46,455,751.47, a significant improvement from -$131,877,545.09 in the prior period[26]. - Cash and cash equivalents at the end of the period increased to $313,996,777.71 from $237,051,292.84[26]. - The company had a beginning cash balance of $192,967,963.61, leading to a net increase of $121,028,814.10 in cash and cash equivalents[26]. Inventory and Liabilities - The total inventory increased to RMB 537,191,957.14 from RMB 389,714,921.78, representing a growth of approximately 38%[18]. - The company reported a total liability of CNY 822,808,925.82, an increase of 38.0% from CNY 596,080,511.30 year-over-year[20]. - The company's contract liabilities increased to RMB 388,116,466.42 from RMB 281,022,013.94, reflecting a growth of about 38%[19]. Operational Developments - The company's overall product orders grew by 23% year-on-year, with heat exchange equipment orders increasing by 61.9% compared to the previous year[16]. - The company registered a new subsidiary, Ningbo Precision Forming Technology Co., Ltd., which will focus on technology services and industrial robot manufacturing, enhancing its market presence[15]. - The company is actively promoting sales integration with Wuxi Weiyan and Germany's Schuler, aiming to enhance its international market strategy[16]. - The company aims to achieve its annual targets by actively pursuing new orders and expanding its sales efforts in various sectors[16]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 31,274,682.07, an increase of 10.4% compared to CNY 28,318,342.73 in 2024[23]. Government Support - The company received government subsidies amounting to CNY 140,659.82 during the quarter[7]. Shareholder Information - The top shareholder, Ningbo Forming Holdings Co., Ltd., holds 32.09% of the shares, totaling 161,228,450 shares[13]. Accounts Receivable - The company reported a significant increase in accounts receivable, which rose to RMB 183,106,882.53 from RMB 131,124,713.03, marking an increase of approximately 39.7%[18]. Fixed Assets - The company's fixed assets increased significantly to RMB 333,484,682.92 from RMB 163,173,329.88, indicating a growth of approximately 104%[19].