Beijing JCZ Technology (SH:688291)2025-10-27 08:25Financial Performance - The company's operating revenue for Q3 2025 was CNY 52,481,057.43, representing a year-on-year increase of 3.43%[3]. - The total profit for the period decreased by 5.34% to CNY 8,318,032.34, while the net profit attributable to shareholders decreased by 17.27% to CNY 8,811,325.96[3][7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,012,101.58, down 22.91% compared to the same period last year[3][7]. - The net profit attributable to shareholders for the year-to-date increased by 32.86% to CNY 36,512,885.59, driven by market expansion and improved operational performance[3][8]. - Net profit for the first three quarters of 2025 was ¥36,218,068.92, compared to ¥27,073,036.18 in 2024, representing a year-over-year increase of 33.5%[22]. - Earnings per share for the first three quarters of 2025 were ¥0.36, up from ¥0.29 in the same period of 2024[22]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 23,413,241.74, an increase of 66.14%[3][8]. - In the first three quarters of 2025, the net cash flow from operating activities was ¥23,413,241.74, an increase from ¥14,092,794.32 in the same period of 2024, representing a growth of approximately 66%[24]. - The company reported cash inflow from other operating activities of ¥2,242,531.60 in 2025, down from ¥6,830,181.39 in 2024, a decline of approximately 67%[24]. - Cash outflow for financing activities was ¥8,712,626.42 in 2025, compared to ¥42,669,744.70 in 2024, indicating a reduction of about 80%[25]. - The net cash flow from investment activities was -¥348,137,072.86 in 2025, an improvement from -¥507,911,715.97 in 2024, indicating a reduction in cash outflow by approximately 31%[25]. Assets and Liabilities - Total assets increased by 6.96% to CNY 1,050,490,461.08 compared to the end of the previous year[4]. - The company's total assets increased to ¥1,050,490,461.08 in 2025 from ¥982,152,344.95 in 2024, marking a growth of 6.9%[18]. - Total liabilities rose to ¥99,297,884.76 in 2025, compared to ¥57,283,885.34 in 2024, indicating a significant increase of 73.5%[18]. - The company's equity attributable to shareholders increased to ¥951,495,565.39 in 2025 from ¥924,876,632.01 in 2024, reflecting a growth of 2.9%[18]. Research and Development - Research and development (R&D) expenses totaled CNY 13,827,732.28, accounting for 26.35% of operating revenue, a decrease of 5.14 percentage points year-on-year[4][8]. - Research and development expenses for the first three quarters of 2025 were ¥41,761,567.01, slightly down from ¥43,551,086.02 in 2024[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,338[10]. - The largest shareholder, Mai Weng, holds 19,996,200 shares, representing 19.48% of total shares[10]. - The company’s employee stock ownership plan holds 1,571,908 shares, representing 1.53% of total shares[10]. - The company implemented an employee stock ownership plan, which led to increased share-based payment expenses affecting profit margins[7]. Investment Activities - The company plans to acquire equity in Changchun Samit Optoelectronics Technology Co., Ltd. through a combination of issuing shares and cash payments[12]. - The company has approved a plan to raise matching funds for the acquisition, indicating a strategic move for market expansion[12]. - Total cash inflow from investment activities in the first three quarters of 2025 was ¥917,949,790.80, compared to ¥898,060,724.81 in 2024, showing a slight increase of about 2%[25]. - The total cash inflow from investment activities included ¥912,300,000.00 from recovered investments in 2025, slightly up from ¥892,784,600.00 in 2024, an increase of about 2%[24]. Non-Recurring Gains - The company reported non-recurring gains of CNY 2,799,224.38 for the period, with significant contributions from government subsidies and financial asset valuations[5][6].