NWF(SH:600975)2025-10-24 09:40Financial Performance - The company's operating revenue for Q3 2025 was ¥1,702,197,003.85, a decrease of 16.47% compared to the same period last year[5] - The total profit for the period was a loss of ¥73,326,521.35, representing a decline of 128.60% year-on-year[5] - The net profit attributable to shareholders was a loss of ¥58,401,934.08, down 123.53% from the previous year[5] - The basic earnings per share for the period was -¥0.05, a decrease of 125% compared to the same period last year[6] - The net profit attributable to shareholders for the year-to-date was a loss of ¥13,167,492.46, a decrease of 1,171.47% year-on-year[5] - The net profit for the first three quarters of 2025 was a loss of ¥15,516,963.77, contrasting with a net profit of ¥15,498,626.26 in the same period of 2024[23] - The company's total equity decreased slightly from ¥3,213,314,714.88 in 2024 to ¥3,196,131,134.45 in 2025, a decrease of about 0.5%[20] - The company reported a significant increase in other income, which amounted to ¥20,210,191.25 in 2025 compared to ¥127,670,796.40 in 2024, indicating a decrease of approximately 84.2%[23] - The company's total comprehensive income for the first three quarters of 2025 was a loss of ¥221,773,474.93, compared to a loss of ¥124,655,604.50 in the same period of 2024[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,936,133,400.03, a decrease of 3.41% from the end of the previous year[6] - The company reported a total current asset of RMB 3,809,643,831.62 as of September 30, 2025, an increase from RMB 3,608,880,569.99 on December 31, 2024, reflecting a growth of approximately 5.55%[17] - The company's inventory reached RMB 2,397,596,681.66 as of September 30, 2025, compared to RMB 2,074,036,960.69 at the end of 2024, indicating an increase of about 15.59%[18] - Total liabilities decreased from ¥9,144,428,167.89 in the previous year to ¥8,740,002,265.58 in the current year, a reduction of about 4.4%[20] - The total assets decreased from ¥12,357,742,882.77 in 2024 to ¥11,936,133,400.03 in 2025, representing a decline of approximately 3.4%[20] - Accounts receivable increased to ¥1,240,272,353.03 from ¥910,117,232.18, reflecting a growth of approximately 36.2%[29] - Total liabilities increased to ¥6,246,173,741.75 from ¥5,989,711,217.73, representing a growth of approximately 4.3%[31] - Shareholders' equity decreased to ¥3,894,206,123.90 from ¥4,123,120,819.75, reflecting a decline of about 5.5%[31] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥811,431,761.10, a decrease of 5.13%[5] - Total cash inflow from operating activities was ¥5,736,418,082.25, while cash outflow was ¥4,924,986,321.15, resulting in a net inflow of ¥811,431,761.10[26] - Cash flow from investing activities showed a net outflow of ¥32,257,036.05, improving from a net outflow of ¥135,206,319.18 in the previous period[26] - Cash inflow from financing activities totaled ¥1,017,324,352.26, while cash outflow was ¥1,841,727,305.54, leading to a net cash outflow of ¥824,402,953.28[27] - The ending cash and cash equivalents balance was ¥993,938,291.79, down from ¥1,422,348,637.54 in the previous period[27] - Cash flow from operating activities for the first three quarters of 2025 was ¥782,173,239.30, an increase from ¥590,942,044.24 in the same period of 2024[35] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled ¥294,596,252.98, down from ¥464,252,736.92 at the end of the first three quarters of 2024[36] Research and Development - The company reported a significant increase in research and development expenses, totaling ¥133,067,283.70 in 2025 compared to ¥13,991,868.68 in 2024, marking an increase of over 850%[23] - Research and development expenses surged to ¥118,792,036.31 in the first three quarters of 2025, compared to only ¥4,734,490.27 in the same period of 2024, reflecting a strategic focus on innovation[33] Shareholder Actions - The company plans to repurchase 11,630,300 shares at a price of RMB 1.00 per share from 29 compensatory obligors, including Modern Agriculture Group and Great Wall Asset Management[14] - The fair value of the repurchased shares is estimated at RMB 16,449,292.31 based on a share price of RMB 10.45 as of December 31, 2023[14] - The company has confirmed an additional contingent consideration of RMB 9,308,071.39 for the year 2024, requiring an adjustment of RMB 7,141,220.92 to the financial statements[15]