SUPCON Technology (SH:688777)2025-10-24 09:35Financial Performance - The company's operating revenue for Q3 2025 was ¥1,823,743,439.31, a decrease of 12.52% compared to the same period last year[5]. - The total profit for the period was ¥89,486,302.93, down 55.95% year-on-year[5]. - The net profit attributable to shareholders was ¥77,530,559.66, reflecting a decline of 61.25% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2025 was CNY 5,653,987,901.79, a decrease of 10.8% compared to CNY 6,336,966,452.06 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was CNY 438,594,253.77, a decline of 39.8% compared to CNY 727,707,524.90 in 2024[22]. - Earnings per share for the first three quarters of 2025 was CNY 0.55, down from CNY 0.91 in the same period of 2024[23]. Cash Flow - The net cash flow from operating activities for the period was ¥93,228,348.89, an increase of 41.48%[5]. - In the first three quarters of 2025, the cash inflow from operating activities was approximately ¥4.58 billion, an increase from ¥4.49 billion in the same period of 2024, representing a growth of about 2%[24]. - The net cash flow from operating activities was negative at approximately -¥466.20 million, compared to -¥354.03 million in the first three quarters of 2024, indicating a decline in operational performance[24]. - The cash inflow from investment activities totaled approximately ¥3.22 billion, down from ¥4.32 billion in the same period of 2024, reflecting a decrease of about 25%[25]. - The net cash flow from investment activities improved to approximately ¥540.05 million, compared to a negative cash flow of -¥1.27 billion in the first three quarters of 2024[25]. - The cash inflow from financing activities was approximately ¥773.35 million, significantly higher than ¥221.01 million in the same period of 2024, marking an increase of over 250%[25]. - The net cash flow from financing activities was negative at approximately -¥420.36 million, an improvement from -¥586.07 million in the first three quarters of 2024[25]. Assets and Liabilities - Total assets at the end of the period were ¥18,381,820,482.81, a slight increase of 0.36% from the end of the previous year[6]. - As of September 30, 2025, the total current assets amounted to RMB 14,605,820,808.60, slightly down from RMB 14,677,895,470.04 as of December 31, 2024, indicating a decrease of approximately 0.49%[17]. - The cash and cash equivalents decreased to RMB 3,102,891,282.02 from RMB 3,463,327,933.34, representing a decline of about 10.4%[17]. - Accounts receivable increased to RMB 3,807,221,540.50 from RMB 3,294,748,297.37, reflecting a growth of approximately 15.5%[17]. - Inventory rose to RMB 3,451,890,598.91 from RMB 3,250,868,014.76, showing an increase of around 6.2%[17]. - Long-term equity investments increased to RMB 1,582,622,969.65 from RMB 1,450,126,767.98, marking a growth of about 9.1%[17]. - Total liabilities rose to CNY 8,087,737,419.31 in 2025, compared to CNY 7,886,204,650.09 in 2024, marking an increase of 2.5%[19]. Research and Development - Research and development expenses totaled ¥233,897,048.21, accounting for 12.83% of operating revenue, an increase of 1.82 percentage points[6]. - Research and development expenses for the first three quarters of 2025 were CNY 653,552,088.11, slightly down from CNY 673,882,278.74 in 2024[21]. Shareholder Information - The company reported a total of 105,182,907 shares held by the largest shareholder, indicating significant ownership concentration[15]. - The top ten shareholders collectively hold substantial stakes, with the largest being a limited partnership controlled by the actual controller, reflecting strong governance[15]. - The company has not reported any significant changes in shareholder relationships or agreements among the top shareholders[15]. Other Information - The company experienced a significant decline in net profit due to increased industry competition and reduced income from bank wealth management and interest[11]. - The company has not indicated any new product developments or market expansion strategies in the current reporting period[16]. - The company's goodwill decreased from CNY 180,872,961.55 in 2024 to CNY 176,034,670.30 in 2025, a reduction of 2.1%[19]. - The company reported a financial income of CNY 67,184,540.00 in 2025, compared to CNY 104,952,606.22 in 2024, indicating a decrease of 36.0%[21]. - Deferred income tax assets increased to CNY 104,301,038.81 in 2025 from CNY 81,941,081.37 in 2024, an increase of 27.2%[19]. - The company received approximately ¥750 million in borrowings during the first three quarters of 2025, compared to ¥200 million in the same period of 2024, indicating a significant increase in financing activities[25]. - The company reported a cash outflow of approximately ¥1.19 billion from financing activities, which included cash payments for debt repayment and dividends[25]. - The company experienced a negative impact of approximately -¥24.34 million from exchange rate fluctuations on cash and cash equivalents[25].