Yongjin Technology (SH:603995)2025-10-27 08:40Financial Performance - The company's operating revenue for the third quarter reached ¥11,437,142,130.32, representing a year-on-year increase of 7.45%[5] - The total profit for the quarter was ¥218,155,915.66, showing a decline of 17.12% compared to the same period last year[5] - The net profit attributable to shareholders was ¥146,687,093.88, down 6.01% year-on-year[5] - The basic earnings per share for the quarter was ¥0.40, a decrease of 4.76% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was ¥140,852,839.94, down 7.54% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥31,562,165,635.69, an increase of 2.0% compared to ¥30,941,062,304.04 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥534,563,459.87, a decrease of 27.6% from ¥738,157,169.06 in 2024[21] - The company reported a total comprehensive income of ¥495,561,421.55 for the first three quarters of 2025, down from ¥727,769,776.14 in 2024, a decline of 31.9%[21] - Basic earnings per share for the first three quarters of 2025 is CNY 1.23, down from CNY 1.55 in 2024, reflecting a decline of about 20.6%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥15,963,896,421.14, reflecting an increase of 10.83% from the end of the previous year[6] - The company's total liabilities increased to ¥8,889,906,199.16 in 2025 from ¥7,549,845,076.48 in 2024, representing a growth of 17.8%[18] - The total equity attributable to shareholders at the end of the reporting period was ¥5,863,358,286.29, an increase of 2.31% from the previous year[6] - The company's current assets reached ¥7,612,560,568.53, up from ¥6,052,267,727.61, indicating a growth of about 25.83%[16] - The company's non-current assets totaled ¥8,351,335,852.61, showing a slight increase from ¥8,351,329,184.10, indicating stability in long-term investments[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥450,945,907.08, showing a slight increase of 2.43%[6] - The company's cash flow from operating activities showed a significant change, with a net cash outflow reported in the latest quarter[20] - Net cash flow from operating activities for the first three quarters of 2025 is CNY 450,945,907.08, slightly up from CNY 440,249,811.18 in 2024, indicating a growth of approximately 1.6%[22] - Cash inflow from operating activities totaled CNY 34,836,855,132.74 in 2025, compared to CNY 33,911,847,287.80 in 2024, marking an increase of about 2.7%[22] - Cash outflow from operating activities was CNY 34,385,909,225.66 in 2025, compared to CNY 33,471,597,476.62 in 2024, which is an increase of approximately 2.7%[22] - The company reported a net decrease in cash and cash equivalents of -CNY 39,797,768.35 for the first three quarters of 2025, contrasting with an increase of CNY 77,369,918.80 in 2024[23] Shareholder Information - The company reported no changes in the participation of major shareholders in margin trading or securities lending activities[14] - The top ten shareholders include YU JI QUN holding 23.87% and CAO PEI FENG holding 19.40% of the shares, indicating a concentrated ownership structure[14] - The company has no significant changes in the relationships among major shareholders, maintaining a consistent control structure[14] Operational Insights - The company recognized government subsidies amounting to ¥6,261,483.30 during the quarter, which are closely related to its normal business operations[8] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[20] - There are no other significant reminders or important information regarding the company's operational status during the reporting period[15] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥592,443,514.33, down from ¥631,883,982.10 in 2024, indicating a decrease of 6.2%[20] Financial Expenses - The financial expenses for the first three quarters of 2025 amounted to ¥129,442,117.95, significantly higher than ¥88,912,407.42 in 2024, reflecting an increase of 45.7%[20] Cash and Cash Equivalents - The cash and cash equivalents at the end of the third quarter of 2025 amount to CNY 913,798,221.06, compared to CNY 755,643,653.49 at the end of the same period in 2024, reflecting an increase of about 20.9%[23] Accounting Standards - The company will not apply new accounting standards starting from 2025, as stated in the announcement[24]