合康新能(300048) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,684,711,919.62, representing a 20.08% increase year-over-year[5] - Net profit attributable to shareholders was ¥2,812,205.82, up 24.18% compared to the same period last year[5] - Basic earnings per share for the period was ¥0.0025, reflecting a 25.00% increase from the previous year[5] - Operating revenue for the first nine months of 2025 reached ¥6,181,620,984.64, a 98.61% increase compared to ¥3,112,440,983.02 in the same period of 2024, primarily due to the growth in photovoltaic EPC business scale[10] - Total operating revenue for the current period reached ¥6,181,620,984.64, a significant increase from ¥3,112,440,983.02 in the previous period, representing a growth of approximately 98.5%[21] - Net profit for the current period was ¥91,341,982.18, up from ¥24,073,480.87 in the previous period, reflecting a growth of approximately 279.5%[22] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥4,970,757,956.29, a 7.27% increase from the end of the previous year[5] - The company's total assets increased to ¥4,970,757,956.29 from ¥4,633,716,015.47, marking a rise of about 7.3%[20] - Total liabilities rose to ¥3,059,894,843.17, compared to ¥2,872,234,491.00 in the previous period, an increase of approximately 6.5%[20] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥268,325,548.87, down 38.83%[5] - Cash inflow from operating activities reached 7,137,071,695.20, up from 3,502,501,769.25 in the previous period, indicating a growth of approximately 103%[24] - Net cash flow from operating activities was 268,325,548.87, a decrease from 438,685,133.66 in the previous period[25] - Cash flow from investment activities resulted in a net outflow of 452,665,889.08, compared to a smaller outflow of 58,744,310.41 in the previous period[25] - The company's cash balance was ¥1,165,796,276.02 at the end of the period, down from ¥1,250,746,391.04 at the beginning[18] Inventory and Receivables - The company's inventory decreased by 35.76% to ¥639,188,816.47, attributed to increased inventory clearance efforts[9] - Accounts receivable increased to ¥1,327,648,670.51 from ¥979,976,167.08[18] - The company's accounts receivable decreased by 61,324,610.45 compared to the previous period[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,751[13] - Guangdong Midea HVAC Equipment Co., Ltd. holds 18.50% of shares, making it the largest shareholder[13] - The top 10 shareholders account for a significant portion of the company's equity, with the largest shareholder holding 18.50%[13] Expenses - Operating costs increased by 110.98% to ¥5,646,015,674.85 from ¥2,676,086,136.03, mainly driven by the rise in revenue[10] - Research and development expenses for the current period were ¥249,327,604.13, compared to ¥229,811,643.12 in the previous period, reflecting an increase of approximately 8.5%[22] - The company reported a significant increase in sales expenses, which totaled ¥124,608,503.68, up from ¥107,829,351.55, indicating a rise of about 15.5%[22] Investment and Financing Activities - Investment income surged by 1230.41% to ¥24,676,427.85, compared to a loss of ¥2,182,964.50 in the previous year, attributed to gains from the disposal of subsidiaries[10] - Cash flow from financing activities netted ¥52,850,717.40, a 546.83% increase from ¥8,170,671.59, mainly due to increased employee subscription payments from restricted stock incentives[11] - The company recorded a 449.06% increase in cash received from investment, totaling ¥55,256,485.00, attributed to employee stock option exercises[11] Other Financial Metrics - The company's deferred income increased significantly by 6230.68% to ¥3,418,566.69, due to an increase in government subsidies related to assets[9] - The company's intangible assets rose by 88.19% to ¥176,520,778.46, primarily due to the construction of the EMC project[9] - The company’s deferred tax assets rose to ¥28,362,636.77 from ¥25,026,884.89, an increase of about 9.3%[20] - Total comprehensive income amounted to 91,341,982.18, with 73,995,942.99 attributable to the parent company[23] - Basic and diluted earnings per share were both 0.0662, compared to 0.0097 in the previous period, reflecting a significant increase[23] Cautionary Note - The financial report for the third quarter was not audited, indicating a need for caution in interpreting the results[27]