清水源(300437) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥211,752,813, a decrease of 21.85% compared to ¥270,965,606 in the same period last year[5] - Year-to-date revenue decreased by 24.82% to ¥628,318,401 from ¥835,772,082 in the previous year, primarily due to a decline in sales of water treatment agents and derivatives[8] - Total operating revenue decreased to ¥628.32 million from ¥835.77 million, a decline of approximately 25% year-over-year[25] - Total operating costs decreased to ¥647.08 million from ¥839.69 million, reflecting a reduction of about 23% year-over-year[25] - Net profit for the period was a loss of ¥35.16 million, compared to a loss of ¥52.72 million in the previous year, showing an improvement of approximately 33%[26] - The net profit attributable to shareholders was -¥10,639,880, representing a slight increase of 0.13% from -¥10,508,370 in the previous year[5] - The company reported a 33.66% improvement in net profit attributable to shareholders year-to-date, from -¥54,867,408.67 to -¥36,401,024.07[8] Cash Flow and Liquidity - The net cash flow from operating activities was -¥21,596,836, a significant decrease of 147.45% compared to ¥45,513,491 in the same period last year[8] - The company's cash flow from operating activities was ¥544.50 million, down from ¥634.50 million, indicating a decrease of about 14% year-over-year[28] - The net cash flow from financing activities was -$30,837,985.56, an improvement from -$56,679,788.29 in the previous period, indicating better management of financing costs[29] - The ending cash and cash equivalents balance was $217,662,079.15, down from $274,674,685.37, reflecting a decrease in liquidity[29] - Cash and cash equivalents decreased from RMB 401,610,338.55 to RMB 303,819,079.15, a drop of about 24.4%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,381,181,081.30, down 7.04% from ¥2,561,540,628.45 at the end of the previous year[5] - The total current assets decreased from RMB 1,086,781,497.97 to RMB 992,991,723.01, a decline of approximately 8.6%[22] - Total liabilities decreased from RMB 1,474,759,130.48 to RMB 1,388,189,358.29, a reduction of about 5.9%[22] - The company recorded a 51.04% increase in estimated liabilities to ¥2,088,175.70 due to higher provisions for equipment renewal[11] - The total liabilities decreased to ¥973.97 million from ¥1,122.21 million, a decline of about 13%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,598[14] - The largest shareholder, Wang Zhiqing, holds 37.74% of shares, totaling 95,270,000 shares[14] - The total number of restricted shares held by major shareholders decreased from 81,252,500 to 76,612,314 shares, a reduction of 5.5%[16] - The company completed the repurchase and cancellation of 4,640,186 shares at a total price of RMB 1.00, as approved in board meetings held on January 23 and February 13, 2025[17] Accounting and Adjustments - The company has made adjustments to previous accounting data due to corrections of accounting errors related to a criminal case involving its wholly-owned subsidiary[5] - The company corrected accounting errors for the years 2016-2023, impacting the financial reports for these periods[18] Other Financial Metrics - Basic and diluted earnings per share were both -¥0.0422, a decrease of 1.44% from -¥0.0411 in the previous year[9] - Other comprehensive income after tax was a loss of ¥25,524.13, slightly worse than the loss of ¥23,489.94 in the previous year[27] - Research and development expenses were ¥7.61 million, down from ¥8.76 million, a reduction of approximately 13% year-over-year[26] - The company recorded a net cash inflow from other operating activities of ¥24.59 million, compared to ¥12.41 million in the previous year, an increase of approximately 98%[28] Changes in Financial Position - Trading financial assets increased by 908.47% to ¥11,147,432.80 due to new idle asset investment[11] - Accounts receivable financing decreased by 61.73% to ¥19,040,281.44 primarily due to a reduction in high-quality bank notes[11] - Contract assets decreased by 43.85% to ¥17,024,723.00 mainly due to the settlement of the Baofeng project[11] - Other current liabilities increased by 399.84% to ¥7,558,997.74 due to the recognition of VAT to be transferred from the Baofeng project[11] - Long-term receivables reached ¥61,488,753.57, reflecting the settlement of the Baofeng project[11] Management and Governance - The company appointed a new board secretary, Mr. Ma Jianwei, effective from August 7, 2025[19] - The company adjusted its organizational structure as approved in the board meeting on August 7, 2025[19] Audit and Compliance - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence[30]