ShaanGu(SH:601369)2025-10-24 09:50Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,316,567,226.06, representing a year-on-year increase of 1.36%[2] - The total profit for the period was CNY 303,996,603.58, reflecting a growth of 4.61% compared to the same quarter last year[2] - The net profit attributable to shareholders was CNY 203,748,060.50, which is a decrease of 1.91% year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 201,794,461.18, showing an increase of 7.17% compared to the previous year[2] - Total operating revenue for the first three quarters of 2025 was CNY 7,185,532,880.03, a decrease of 1.43% compared to CNY 7,289,344,227.71 in the same period of 2024[27] - Net profit for the first three quarters of 2025 was CNY 694,231,893.72, compared to CNY 755,087,647.53 in 2024, indicating a decline of 8.06%[28] - Earnings per share for the first three quarters of 2025 was CNY 0.36, down from CNY 0.39 in the same period of 2024[29] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 24,751,006,122.37, down 2.03% from the end of the previous year[3] - Total assets decreased to CNY 24,751,006,122.37 in 2025 from CNY 25,264,416,097.26 in 2024, a reduction of 2.02%[25] - Total liabilities decreased to CNY 15,196,185,467.81 in 2025 from CNY 15,702,920,133.21 in 2024, reflecting a decline of 3.22%[25] - Non-current liabilities increased to CNY 1,423,976,304.34 in 2025 from CNY 1,023,194,729.43 in 2024, an increase of 39.2%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 568,683,764.12, which decreased by 35.45%[6] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 4,941,824,025.42, a decrease of 1.27% compared to CNY 5,005,511,141.52 in the same period of 2024[31] - The net cash flow from operating activities was CNY 568,683,764.12, down 35.36% from CNY 881,034,253.22 in the previous year[31] - The cash inflow from investment activities reached CNY 10,054,330,037.72, significantly increasing from CNY 5,191,576,432.85 in 2024[31] - The net cash flow from investment activities was CNY 1,005,414,542.67, a turnaround from a negative CNY 2,630,694,898.23 in the previous year[31] - Cash inflow from financing activities totaled CNY 3,554,097,547.74, down 44.24% from CNY 6,453,059,380.25 in 2024[32] - The net cash flow from financing activities was negative at CNY -897,910,028.01, compared to a positive CNY 1,098,842,060.56 in the same period last year[32] - The total cash and cash equivalents at the end of the period amounted to CNY 2,208,359,458.78, an increase from CNY 2,106,593,297.48 in 2024[32] Research and Development - The company completed a total of 52 research projects by the end of September 2025, focusing on enhancing core competitiveness in the chemical, new energy, and metallurgy sectors[11] - The company holds a total of 752 valid patents, including 145 invention patents, as of September 2025, emphasizing its commitment to intellectual property protection and technological innovation[14] - The company reported a decrease in research and development expenses to CNY 233,479,531.12 in 2025 from CNY 280,181,606.22 in 2024, a reduction of 16.67%[28] Strategic Initiatives - A significant milestone was achieved with the signing of a hydrogen smelting project for an overseas iron ore plant, marking a strategic advancement in the global hydrogen reduction smelting market[11] - The company has developed a large multi-axis compressor and high-pressure single-axis compressor for carbon capture, utilization, and storage (CCUS) in alignment with national carbon neutrality goals[12] - By the end of September 2025, the company had approved and published a total of 136 standards to drive market competitiveness and innovation[12] - The company signed a contract for a 400,000-ton adiponitrile centrifugal compressor set, reinforcing its leading position in the industry and paving the way for new material markets[13] - A major contract was secured for a natural gas pipeline compressor set, which is the largest power and highest pressure electric-driven compressor set, enhancing the company's influence in the natural gas pipeline market[13] - The company successfully signed a comprehensive utilization project for sintering waste heat, showcasing its ability to provide value through advanced technology in the metallurgy sector[15] - The company is focused on providing rapid and efficient domestic replacement services for large equipment control systems, receiving high praise from users for its project delivery[15] - The company is expanding its service business into petrochemical and coal chemical sectors, replicating its metallurgical energy efficiency service solutions[16] Operational Developments - In the first three quarters of 2025, QinFeng Gas achieved record high revenue and liquid production compared to the same period in previous years[17] - The company is advancing the trial operation of Hami QinFeng Gas and Lingyuan QinFeng Gas, which are set to commence production soon[17] - The company has obtained a pharmaceutical production license for medical liquid oxygen at Zhangqiu Gas and Tongling Gas[17] - The company has launched a digital twin engineering quantity accounting and safety information platform to improve service standardization and accuracy[20] - The company has been recognized as a "Leader" in industrial data governance and received the "Pioneer Enterprise Award" for long-term energy storage[22] - The company has developed a market demonstration model for the first set of compressed air energy storage operation simulation systems, supporting future project implementations[19]