东方电缆(603606) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached CNY 3,065,970,750.30, representing a year-on-year increase of 16.55%[4] - The total profit for the quarter was CNY 513,869,000.69, reflecting a significant increase of 51.19% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 441,009,034.75, up 53.12% year-on-year, while the net profit excluding non-recurring gains and losses increased by 71.73%[4] - The basic earnings per share for the quarter were CNY 0.64, an increase of 52.38% compared to the previous year[5] - The company achieved operating revenue of approximately CNY 3.066 billion and a net profit attributable to shareholders of about CNY 441 million, representing a year-on-year growth of 53.12%[13] - For the period from January to September 2025, the company reported cumulative operating revenue of approximately CNY 7.438 billion, an increase of 11.20% year-on-year[13] - Total operating revenue for the first three quarters of 2025 reached ¥7,498,249,514.52, an increase of 11.94% compared to ¥6,698,764,812.22 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥913,972,019.61, a slight decrease of 1.54% from ¥932,116,936.42 in 2024[21] - The company reported a total profit of ¥1,055,902,795.24 for the first three quarters of 2025, down from ¥1,084,651,248.64 in 2024[21] Revenue and Order Backlog - The revenue from high-value-added submarine cables grew significantly, with total revenue from submarine and high-voltage cables reaching CNY 3.549 billion, a year-on-year increase of 35.8%[9] - The company has a backlog of orders amounting to approximately CNY 19.551 billion as of October 23, 2025, with significant contributions from power engineering and equipment cables at CNY 3.886 billion and submarine cables at CNY 11.737 billion[13] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 13,973,963,880.34, marking a 14.78% increase from the end of the previous year[5] - The total assets and shareholders' equity amounted to ¥13,973,963,880.34 and ¥7,666,874,406.96 respectively, showing growth from ¥12,174,317,850.18 and ¥6,861,700,414.06 in the previous year[22] - The company’s non-current assets totaled CNY 3.915 billion, up from CNY 3.654 billion year-on-year[15] - The company reported a decrease in accounts payable to CNY 954.92 million from CNY 1.205 billion year-on-year[16] - The company’s inventory increased significantly to CNY 3.627 billion from CNY 1.834 billion year-on-year[15] - The company reported total liabilities amounted to CNY 6.307 billion, an increase from CNY 5.313 billion in the previous year[16] Cash Flow - The company reported cash flows from operating activities of CNY 323,053,765.17 for the year-to-date, reflecting a growth of 13.35%[5] - The net cash flow from operating activities for the first three quarters of 2025 was ¥323,053,765.17, compared to ¥285,007,583.50 in 2024, reflecting an increase of 13.33%[24] - The company received cash from sales of goods and services amounting to ¥7,619,398,809.09 in the first three quarters of 2025, an increase from ¥5,993,160,650.15 in 2024[24] - Cash outflow from investment activities totaled approximately $556.27 million, compared to $530.05 million in the previous period, resulting in a net cash flow from investment activities of -$556.24 million, up from -$460.08 million[25] - Cash inflow from financing activities was $304.19 million, a significant decrease from $764.82 million in the prior period, leading to a net cash flow from financing activities of -$675.17 million, compared to -$138.96 million previously[25] - The net increase in cash and cash equivalents was -$896.44 million, compared to -$321.50 million in the previous period, resulting in an ending cash balance of approximately $1.58 billion[25] Shareholder Information - The equity attributable to shareholders was CNY 7,666,874,406.96, which is an increase of 11.73% compared to the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 28,793[10] - The largest shareholder, Ningbo Dongfang Group Co., Ltd., holds 31.63% of the shares, totaling 217,524,444 shares[11] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥240,938,522.99, slightly up from ¥237,204,584.26 in 2024[20] Other Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2025 was ¥211,393,653.86, significantly higher than ¥80,822,487.75 in 2024[21] Accounting Changes - The company is set to implement new accounting standards starting in 2025, which may affect the financial statements[26]