Snowsky Salt(SH:600929)2025-10-24 08:05Financial Performance - The company's operating revenue for the third quarter was ¥967,246,187.20, a decrease of 15.16% compared to the same period last year[4]. - The total profit for the third quarter was a loss of ¥42,457,854.92, representing a decline of 412.60% year-on-year[4]. - The net profit attributable to shareholders for the year-to-date period was a loss of ¥6,402,551.59, down 102.35% compared to the previous year[4]. - The basic earnings per share for the third quarter was -¥0.0229, a decrease of 475.41% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 was CNY 3,243,549,675.86, a decrease of 22.0% compared to CNY 4,158,019,658.36 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was CNY 36,478,090.59, a decline of 89.1% compared to CNY 335,216,190.10 in 2024[21]. - Earnings per share for the first three quarters of 2025 was CNY 0.0198, down from CNY 0.2042 in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,211,153,280.91, an increase of 2.20% from the end of the previous year[5]. - As of September 30, 2025, the company's total assets reached RMB 11,211,153,280.91, an increase from RMB 10,969,955,712.53 at the end of 2024[15]. - The total liabilities of the company as of September 30, 2025, were not explicitly stated but are implied to be managed effectively given the increase in assets[15]. - Total liabilities increased to CNY 2,907,298,538.56 in 2025 from CNY 2,772,573,621.36 in 2024, reflecting a growth of 4.8%[18]. - Total equity increased to CNY 8,303,854,742.35 in 2025 from CNY 8,197,382,091.17 in 2024, representing a growth of 1.3%[18]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥461,252,163.81, an increase of 4.03% compared to the previous year[4]. - Cash inflow from operating activities for the first three quarters of 2025 was approximately $2.94 billion, compared to $3.95 billion in the same period of 2024, representing a decrease of about 25.5%[23]. - Net cash flow from operating activities for the first three quarters of 2025 was approximately $461.25 million, slightly up from $443.40 million in 2024, indicating a marginal increase of about 4%[24]. - Total cash outflow from operating activities increased to approximately $2.48 billion in 2025 from $3.51 billion in 2024, reflecting a decrease of about 29.3%[24]. - Cash inflow from investment activities was approximately $10.04 million in 2025, down from $24.31 million in 2024, showing a decline of about 58.7%[24]. - Net cash flow from investment activities was negative at approximately -$305.05 million in 2025, compared to -$550.64 million in 2024, indicating an improvement of about 44.6%[24]. - Cash inflow from financing activities totaled approximately $335.84 million in 2025, compared to $440.44 million in 2024, representing a decrease of about 23.7%[24]. - Net cash flow from financing activities was approximately $34.76 million in 2025, a significant improvement from a negative $107.23 million in 2024[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,510[12]. - The largest shareholder, Hunan Salt Industry Group Co., Ltd., holds 29.73% of the shares[12]. - The company maintains a controlling stake of 51% in Xue Tian New Materials post-capital increase, ensuring operational control[14]. Strategic Initiatives - The company plans to introduce external investors, including Jianxin Financial Asset Investment Co., Ltd., with an investment of RMB 30,000 million in its subsidiary, Xue Tian New Materials, to enhance capital structure[14]. - The company reported a significant decline in profitability due to a sharp drop in market prices for some of its main products[9]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 147,957,681.47, a decrease of 14.4% from CNY 172,751,618.18 in 2024[20].