骆驼股份(601311) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was CNY 4,146,735,271.27, an increase of 8.95% compared to the same period last year[4] - The total profit for Q3 2025 decreased by 46.91% year-on-year to CNY 111,081,081.86[4] - The net profit attributable to shareholders for Q3 2025 was CNY 87,191,556.71, down 49.81% from the previous year[4] - The basic and diluted earnings per share for Q3 2025 were both CNY 0.07, reflecting a decrease of 53.33% year-on-year[5] - The weighted average return on equity for Q3 2025 was 0.92%, a decrease of 0.91 percentage points compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 12.14 billion, an increase of 7.1% compared to CNY 11.33 billion in the same period of 2024[22] - Total operating costs for the first three quarters of 2025 were CNY 11.86 billion, up from CNY 11.09 billion in 2024, reflecting a year-on-year increase of 6.9%[22] - Operating profit for the first three quarters of 2025 was CNY 737.15 million, compared to CNY 543.69 million in 2024, representing a growth of 35.6%[22] - Net profit for the first three quarters of 2025 was CNY 621.54 million, an increase of 22.6% from CNY 506.70 million in the same period of 2024[23] - Earnings per share for the first three quarters of 2025 were CNY 0.53, up from CNY 0.42 in 2024, indicating a growth of 26.2%[23] Assets and Liabilities - The total assets at the end of Q3 2025 were CNY 15,594,670,846.14, representing a 3.99% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥8,823,261,938.92, an increase from ¥8,233,901,693.23 as of December 31, 2024[17] - Total assets as of September 30, 2025, are ¥15,594,670,846.14, up from ¥14,996,114,827.69[18] - Total liabilities as of the end of the reporting period amounted to CNY 5.60 billion, compared to CNY 5.27 billion at the end of the previous year, reflecting an increase of 6.3%[22] - Total equity increased to CNY 9.99 billion from CNY 9.73 billion, marking a growth of 2.7% year-on-year[22] - The total liabilities include accounts payable of ¥886,228,385.18, down from ¥1,039,921,221.10[18] Cash Flow - Cash flow from operating activities for the year-to-date period increased significantly, amounting to CNY 266,023,498.62, up 9,278.80% year-on-year[12] - In the first three quarters of 2025, the net cash flow from operating activities was approximately ¥266 million, a significant increase from ¥2.84 million in the same period of 2024, indicating improved operational efficiency[25] - Total cash inflow from operating activities for the first three quarters of 2025 was ¥12.46 billion, compared to ¥12.24 billion in 2024, reflecting a year-over-year growth of 1.9%[25] - Cash outflow from operating activities decreased slightly to ¥12.20 billion in 2025 from ¥12.24 billion in 2024, showing better cost management[25] - The ending cash and cash equivalents balance for the first three quarters of 2025 was ¥1.95 billion, up from ¥1.54 billion in 2024, indicating a stronger liquidity position[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 71,569[14] - The largest shareholder, Sun Jie, holds 208,780,003 shares, representing 17.80% of total shares[14] - The company has a total of 150,382,009 shares held by Hubei Tuofeng Investment Co., Ltd., representing 12.82% of total shares[14] Investment and Financial Activities - The company reported a significant increase in investment income, reaching CNY 141.42 million compared to a loss of CNY 6.58 million in the previous year[22] - The financial expenses decreased significantly, showing a change from a negative CNY 26.81 million in 2024 to a positive CNY 8.94 million in 2025[22] - The company received cash from the recovery of investments amounting to ¥1.07 billion in 2025, an increase from ¥958.37 million in 2024, reflecting better investment recovery strategies[26] - The cash paid for the acquisition of fixed assets and intangible assets was ¥181.66 million in 2025, down from ¥208.81 million in 2024, indicating a reduction in capital expenditures[26] - The company reported a cash inflow from the disposal of fixed assets and other long-term assets of ¥10.47 million in 2025, compared to ¥16.78 million in 2024, showing a decline in asset disposals[26] Operational Challenges - The decline in net profit was primarily influenced by exchange rate fluctuations and decreased gross margins in the recycled lead business[6] - The company reported a significant impact from capital market fluctuations on the fair value changes of its investments, leading to reduced profits[12] - The net cash flow from investing activities was negative at approximately -¥384.77 million in 2025, compared to -¥115.68 million in 2024, indicating increased investment expenditures[26] - The net cash flow from financing activities turned negative at -¥63.99 million in 2025, contrasting with a positive net flow of ¥176.26 million in 2024, suggesting higher debt repayments[26]