Zhuhai (SH:688175)2025-10-24 09:55Financial Performance - The company's operating revenue for Q3 2025 was ¥35,590,281.25, representing a slight increase of 0.05% compared to the same period last year[3]. - The total profit for the period was a loss of ¥2,931,026.68, a significant decrease of 79.92% year-on-year[3]. - Net profit attributable to shareholders was ¥577,328.00, showing a substantial increase of 105.46% compared to the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥7,664,811.42, a decrease of 62.73% year-on-year[3]. - The basic earnings per share for the period was ¥0.01, an increase of 112.29% year-on-year[3]. - Net profit for the first three quarters of 2025 was a loss of ¥32,547,744.44, slightly improved from a loss of ¥33,161,952.63 in the same period of 2024[19]. - The company reported a basic and diluted earnings per share of -¥0.25 for both 2025 and 2024[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was a negative ¥49,746,154.09, reflecting a decrease of 53.85% compared to the previous year[3]. - Cash inflows from operating activities totaled ¥192,247,663.14, up from ¥155,269,802.83 in the previous year, marking an increase of 23.8%[20]. - Cash outflows from operating activities decreased to ¥241,993,817.23 from ¥263,051,847.53, a reduction of 8.0%[20]. - The net cash flow from operating activities was -$49.75 million, compared to -$107.78 million in the previous period, showing an improvement[21]. - The net cash flow from investing activities was -$39.33 million, an improvement from -$112.97 million year-over-year[21]. - The net cash flow from financing activities was -$13.03 million, compared to -$19.97 million in the previous period, indicating a reduction in cash outflow[21]. - The company reported a net decrease in cash and cash equivalents of -$102.11 million, compared to -$240.72 million in the previous period[21]. Assets and Liabilities - Total assets at the end of the period were ¥1,897,749,818.01, a decrease of 3.54% from the end of the previous year[4]. - The equity attributable to shareholders was ¥1,740,254,323.57, down by 2.49% compared to the previous year[4]. - As of September 30, 2025, total current assets amounted to RMB 1,268,145,797.32, a decrease from RMB 1,589,080,075.66 as of December 31, 2024[13]. - The company reported a total asset value of RMB 1,897,749,818.01, down from RMB 1,967,381,335.87[14]. - The company's total liabilities decreased to ¥158,685,014.85 from ¥183,753,198.27, a decline of 13.6%[18]. - Total liabilities include accounts payable of RMB 56,645,065.03, down from RMB 68,947,033.87[14]. Research and Development - Research and development expenses totaled ¥17,950,222.99, a decrease of 17.71% compared to the same period last year[4]. - The ratio of R&D expenses to operating revenue was 50.44%, down by 10.89 percentage points year-on-year[4]. - The company reported a significant reduction in research and development expenses to ¥47,907,223.19 from ¥59,184,815.64, a decrease of 19.1%[18]. Inventory and Assets Management - The company’s inventory increased to RMB 137,009,618.10 from RMB 127,476,542.62[13]. - The company holds trading financial assets valued at RMB 737,644,865.76, down from RMB 931,797,827.94[13]. - The company’s non-current assets totaled RMB 629,604,020.69, an increase from RMB 378,301,260.21[14]. - The company has no short-term borrowings reported as of the latest financial statement[14]. Other Information - The company has no significant changes in major shareholders or their holdings reported during the period[12]. - Other income for the first three quarters of 2025 was reported at ¥4,036,705.61, down from ¥15,195,075.74 in the same period of 2024[18]. - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[22].