华峰铝业(601702) - 2025 Q3 - 季度财报

Financial Performance - Revenue for the third quarter reached ¥3,144,989,673.85, an increase of 14.61% compared to the same period last year[4] - Total profit for the quarter was ¥372,681,016.37, reflecting a growth of 7.20% year-over-year[4] - Net profit attributable to shareholders was ¥325,271,778.42, up by 5.21% from the previous year[4] - The net profit excluding non-recurring gains and losses was ¥321,535,041.11, representing a 4.87% increase year-over-year[4] - The basic earnings per share for the quarter was ¥0.33, a decrease of 6.45% compared to the same period last year[5] - The weighted average return on equity decreased by 2.50 percentage points to 5.51%[5] - Net profit for the first three quarters of 2025 reached CNY 895,706,811.11, an increase from CNY 867,638,277.90 in the same period of 2024, representing a growth of approximately 3.9%[19] - Operating profit for the first three quarters of 2025 was CNY 1,021,455,964.59, compared to CNY 983,441,182.32 in 2024, indicating an increase of about 3.9%[19] - Total comprehensive income for the first three quarters of 2025 amounted to CNY 895,729,797.13, up from CNY 867,626,514.67 in 2024, reflecting a growth of approximately 3.8%[20] - Net profit for the first three quarters of 2025 was ¥518,883,113.80, representing a 35% increase from ¥384,738,084.11 in the same period of 2024[31] Cash Flow - Cash flow from operating activities showed a significant decline of 67.52%, totaling ¥218,275,738.61 year-to-date[5] - Cash flow from operating activities for the first three quarters of 2025 was CNY 218,275,738.61, a significant decrease from CNY 672,008,496.00 in the same period of 2024[22] - Cash flow from investing activities showed a net outflow of CNY 356,079,998.74 in the first three quarters of 2025, compared to a smaller outflow of CNY 17,418,487.37 in 2024[23] - Cash flow from financing activities generated a net inflow of CNY 330,894,254.06 in the first three quarters of 2025, contrasting with a net outflow of CNY 531,526,019.99 in the same period of 2024[24] - In the first three quarters of 2025, the net cash flow from operating activities was approximately ¥1.32 billion, a significant increase compared to ¥589.51 million in the same period of 2024, representing a growth of 124.9%[33] - Cash inflow from operating activities totaled ¥5.99 billion in 2025, while cash outflow was ¥4.66 billion, resulting in a net cash flow of ¥1.32 billion[33] - The net cash flow from financing activities was -¥1.18 billion in 2025, compared to -¥500.89 million in 2024, reflecting increased cash outflows for debt repayment[34] Assets and Liabilities - Total assets increased by 11.88% to ¥9,241,687,880.04 compared to the end of the previous year[5] - Total assets as of September 30, 2025, were RMB 9,241,687,880.04, compared to RMB 8,260,356,622.26 at the end of 2024[15] - Total liabilities increased to RMB 3,110,966,308.00 as of September 30, 2025, from RMB 2,727,384,638.55 at the end of 2024[16] - Shareholders' equity attributable to the parent company rose by 10.80% to ¥6,130,707,979.68[5] - Shareholders' equity as of September 30, 2025, was RMB 6,130,721,572.04, up from RMB 5,532,971,983.71 at the end of 2024[16] - Current liabilities rose to ¥2,583,842,278.45 from ¥2,301,881,287.15, reflecting an increase of 12.3%[27] - The total equity of the company increased to ¥4,108,539,053.34 as of September 30, 2025, compared to ¥3,887,853,031.90 at the end of 2024, showing a growth of 5.7%[28] Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 8,170,691,320.63, up 20.7% from RMB 6,766,625,910.22 in the previous year[18] - The gross profit margin decreased as the cost of goods sold rose to ¥6,459,494,262.91 from ¥5,935,208,908.86, reflecting a higher cost structure[30] - Research and development expenses for the first three quarters of 2025 were ¥79,118,872.41, down from ¥92,379,897.60 in 2024, indicating a 14.3% reduction[30] - The company reported a significant decrease in financial expenses, which fell to ¥3,343,881.88 from ¥22,994,354.05, a reduction of approximately 85.4%[31] Cash and Equivalents - Cash and cash equivalents as of September 30, 2025, amounted to RMB 743,563,023.18, an increase from RMB 562,653,910.90 at the end of 2024[14] - The cash and cash equivalents increased to ¥492,011,241.90 as of September 30, 2025, compared to ¥372,821,813.26 at the end of 2024, indicating a growth of 32.0%[26] - The total cash and cash equivalents at the end of Q3 2025 amounted to ¥492.01 million, up from ¥321.90 million at the end of Q3 2024, showing a year-over-year increase of 53%[34] Borrowings and Investments - Short-term borrowings increased significantly to RMB 2,048,087,916.66 as of September 30, 2025, compared to RMB 1,075,306,869.37 at the end of 2024[15] - The company received ¥270 million from borrowings in 2025, a decrease from ¥1.5 billion in 2024, indicating a reduction in new debt acquisition[34] - The company’s long-term investments remained stable at ¥630,072,887.01, unchanged from the previous period[27]