Baosight(SH:600845)2025-10-27 08:00Financial Performance - The company's operating revenue for Q3 2025 was ¥2,337,718,183.15, a decrease of 22.43% compared to the same period last year[3] - Total profit for the quarter was ¥414,697,308.40, down 33.63% year-over-year[3] - Net profit attributable to shareholders was ¥385,259,957.19, reflecting a decline of 35.73% compared to the previous year[3] - The basic earnings per share for the quarter was ¥0.135, a decrease of 36.02% year-over-year[4] - Total operating revenue for the first three quarters of 2025 was ¥7,052,425,263.03, a decrease of 27.7% compared to ¥9,756,533,663.80 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was ¥1,132,730,652.58, a decline of 42.4% from ¥1,964,844,067.91 in 2024[17] - Total comprehensive income for the first three quarters of 2025 was approximately ¥979.20 million, compared to ¥1.97 billion in 2024[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥23,037,646,640.45, an increase of 6.47% from the end of the previous year[4] - As of September 30, 2025, the total assets of the company reached RMB 23,037,646,640.45, an increase from RMB 21,636,685,902.19 as of December 31, 2024, representing a growth of approximately 6.5%[12] - The company's current assets totaled RMB 17,203,672,542.10, compared to RMB 16,655,324,893.31 at the end of 2024, indicating an increase of about 3.3%[13] - Total liabilities increased to ¥11,119,050,303.31 in 2025 from ¥9,351,236,268.07 in 2024, representing a growth of 18.9%[14] - The company's total equity decreased to CNY 10,202,903,376.94 from CNY 10,724,979,576.95, reflecting a decline of 4.9% year-over-year[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,839,692,307.96, down 7.35% compared to the previous year[3] - Operating cash inflow for the first three quarters of 2025 was CNY 8,861,976,034.56, an increase of 2.2% from CNY 8,671,538,018.46 in the same period of 2024[19] - Net cash outflow from investment activities was CNY -993,126,791.26, compared to CNY -194,723,539.85 in the previous year, indicating a significant increase in investment expenditures[20] - Net cash flow from financing activities was CNY -1,806,843,947.98, a decrease from CNY -2,760,477,291.54 in the same period last year, reflecting improved financing conditions[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 137,489[10] - The number of A-share shareholders increased from 107,341 at the end of August to 109,775 by the end of September, indicating a growth of about 2.3%[11] Expenses and Income - Research and development expenses for the first three quarters of 2025 were ¥940,731,796.25, slightly up from ¥932,812,780.73 in 2024[16] - Other income increased to ¥107,143,358.63 in 2025 from ¥85,633,668.43 in 2024, marking a rise of 25.0%[16] - The company reported a credit impairment loss of ¥61,012,498.97 in 2025, compared to a loss of ¥43,835,347.13 in 2024[17] - The company incurred financial expenses of approximately ¥1.06 million in 2025, a significant decrease from ¥6.85 million in 2024[26] - The company’s tax expenses for the first three quarters of 2025 were approximately ¥73.04 million, down from ¥147.38 million in 2024[26] Inventory and Receivables - Cash and cash equivalents decreased to RMB 3,594,666,013.10 from RMB 4,551,004,583.08, reflecting a decline of approximately 21.0%[12] - Accounts receivable rose to RMB 3,787,238,166.85, slightly up from RMB 3,766,328,120.32, showing a marginal increase of about 0.6%[12] - Inventory significantly increased to RMB 4,600,743,719.25 from RMB 2,723,275,897.85, marking a substantial growth of approximately 69.0%[12] - Inventory increased to CNY 3,075,508,208.97 from CNY 1,904,713,170.67, showing a growth of 61.4% year-over-year[23]