振华新材(688707) - 2025 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2025 was CNY 353.93 million, a decrease of 27.32% year-over-year, and year-to-date revenue was CNY 1,066.74 million, down 26.90% compared to the same period last year[3] - Total profit for Q3 2025 was a loss of CNY 135.09 million, with a year-to-date total profit loss of CNY 390.10 million[3] - Net profit attributable to shareholders for Q3 2025 was a loss of CNY 115.44 million, and year-to-date net profit loss was CNY 332.87 million[3] - Operating profit for the first three quarters of 2025 was CNY -390,638,877.83, slightly worse than CNY -390,249,872.73 in the same period of 2024[16] - The company reported a net loss of CNY 390,097,084.08 for the first three quarters of 2025, compared to a loss of CNY 393,780,528.36 in the same period of 2024[16] - The net profit for the first three quarters of 2025 was -332,868,008.16 RMB, slightly worse than the -331,261,643.80 RMB reported in the same period of 2024, indicating a marginal decline in performance[17] Expenses - Research and development expenses for Q3 2025 totaled CNY 26.46 million, an increase of 43.29% year-over-year, representing 7.48% of revenue[3] - Research and development expenses for the first three quarters of 2025 were CNY 80,078,020.24, an increase from CNY 70,044,823.98 in the previous year[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,824.30 million, a decrease of 12.62% from the previous year[4] - Total assets as of September 30, 2025, amounted to CNY 6,824,303,778.06, a decrease from CNY 7,810,250,983.40 at the end of 2024[14] - Current assets totaled CNY 3,690,916,823.10, down 20% from CNY 4,590,387,979.66 at the end of 2024[12] - Current liabilities were CNY 1,581,016,779.78, a decrease of 44% compared to CNY 2,813,730,474.54 at the end of 2024[13] - Long-term borrowings increased to CNY 1,107,860,175.73 from CNY 523,755,100.00 in the previous year[14] Cash Flow - The net cash flow from operating activities for Q3 2025 was a negative CNY 100.56 million[3] - Operating cash flow for the first three quarters of 2025 was -137,374,911.76 RMB, a significant improvement compared to -1,674,094,290.01 RMB in the same period of 2024[19] - Total cash inflow from operating activities decreased to 1,319,458,011.75 RMB, down 34.6% from 2,017,088,875.38 RMB in the previous year[19] - Cash outflow from operating activities also decreased to 1,456,832,923.51 RMB, down 60.6% from 3,691,183,165.39 RMB in the same period of 2024[19] - The company reported cash flow from investing activities of -354,084,073.44 RMB, worsening from -101,283,957.57 RMB in the previous year[20] - Cash flow from financing activities showed a net outflow of -184,548,523.28 RMB, compared to a net inflow of 1,049,603,321.43 RMB in the same period of 2024[20] - The total cash and cash equivalents at the end of the period stood at 1,550,600,114.28 RMB, down from 2,022,669,815.39 RMB at the end of the previous year[20] - The company's cash and cash equivalents decreased to CNY 1,558,006,473.23 from CNY 2,232,164,441.16 at the end of 2024[12] Shareholder Information - Shareholders' equity attributable to shareholders was CNY 4,085.87 million, down 7.53% from the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 16,899[9] Performance Metrics - The weighted average return on net assets was -2.46%, an increase of 0.28 percentage points year-over-year[3] - Basic and diluted earnings per share for the period were both -0.65 RMB, slightly better than -0.66 RMB in the same period of 2024[17] Accounting and Reporting - The company did not report any net profit from subsidiaries prior to consolidation, indicating no contribution from merged entities[17] - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[21]