万里扬(002434) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,389,787,741.41, a decrease of 10.65% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥64,146,519.66, down 12.02% year-on-year, while net profit after deducting non-recurring gains and losses was ¥56,571,267.79, a decrease of 15.23%[5]. - Total operating revenue for the current period was CNY 4,201,459,909.59, a decrease of 2.14% from CNY 4,293,408,391.57 in the previous period[25]. - Total operating costs decreased to CNY 3,989,021,242.47, down 2.05% from CNY 4,072,891,338.68[25]. - Net profit for the current period was CNY 364,609,273.73, an increase of 37.25% compared to CNY 265,424,958.13 in the previous period[25]. - Total comprehensive income for the period reached ¥364,609,273.73, an increase from ¥265,424,958.13 in the previous period[27]. - Basic and diluted earnings per share increased to ¥0.26 from ¥0.20, reflecting a 30% growth[27]. Cash Flow - The net cash flow from operating activities increased by 84.55% year-on-year, totaling ¥648,670,528.64, due to higher cash receipts from sales and lower cash payments for purchases[5][13]. - Net cash flow from operating activities improved to ¥648,670,528.64, up from ¥351,487,789.56, representing an increase of 84.6%[28]. - Cash inflow from operating activities totaled ¥4,196,102,651.72, compared to ¥4,044,752,648.74 in the prior period, indicating a growth of 3.7%[28]. - Net cash flow from investing activities was ¥84,310,981.13, a significant recovery from a negative cash flow of -¥382,169,179.67 in the previous period[28]. - Cash and cash equivalents at the end of the period amounted to ¥573,573,777.50, up from ¥494,956,616.79, marking an increase of 15.9%[28]. - Cash inflow from financing activities decreased to ¥1,305,636,110.00 from ¥2,170,187,450.00, a decline of 40%[28]. - The company reported a net cash outflow from financing activities of -¥550,766,640.54, compared to a net inflow of ¥91,868,686.33 in the previous period[28]. - The company received ¥4,032,744,110.31 in cash from sales of goods and services, an increase from ¥3,829,629,937.88[27]. - The company’s total cash outflow from operating activities was ¥3,547,432,123.08, down from ¥3,693,264,859.18, indicating a decrease of 3.9%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,202,538,605.43, a decrease of 4.40% from the end of the previous year[5]. - Total assets decreased to CNY 10,202,538,605.43 from CNY 10,671,944,067.61, reflecting a decline of 4.39%[24]. - Total liabilities decreased to CNY 4,255,371,592.35, down 11.80% from CNY 4,826,611,351.97[24]. - Non-current liabilities totaled CNY 670,759,455.61, a decrease of 30.67% from CNY 967,216,854.68[24]. - The company's equity attributable to shareholders increased to CNY 5,949,343,816.67, up from CNY 5,739,908,569.81, reflecting a growth of 3.65%[24]. Investments - The company's investment income for the period was ¥130,605,800, a significant increase from a loss of ¥2,227,000 in the same period last year, primarily due to the sale of shares in Zhejiang University Net New Technology Co., Ltd.[12]. - Investment income for the current period was CNY 130,605,823.11, compared to a loss of CNY 2,226,979.09 in the previous period[25]. - Long-term equity investments decreased by 60.02% due to the reduction of shares held in Zhejiang University Net New Technology Co., Ltd.[8]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,301[16]. - The largest shareholder, Wanliyang Group Co., Ltd., holds 30.21% of shares, totaling 396,588,144 shares, with 212,250,000 shares pledged[16]. - The total number of preferred shareholders is zero, indicating no preferred shares issued[18]. - The registered capital of Wanliyang Energy Company increased from RMB 20 million to RMB 21.678 million[19]. - The company's equity stake in Wanliyang Energy Company was diluted from 51% to 47.0523% after the capital increase[19]. Operational Changes - The company reported a 51.91% increase in construction in progress, mainly due to the addition of new equipment awaiting installation[9]. - The company's financial expenses decreased by 37.34% year-on-year, attributed to a significant reduction in bank borrowings and corresponding interest expenses[12]. - Research and development expenses increased to CNY 247,879,593.63, up 25.66% from CNY 197,306,574.42[25]. - The total current assets increased to RMB 4,534,429,711.72 from RMB 4,337,231,540.57[22]. - Accounts receivable decreased to RMB 1,585,002,475.91 from RMB 1,618,357,551.03[22]. - Inventory increased to RMB 1,201,414,455.30 from RMB 1,099,087,044.24[22].