FREEWON(SH:688678)2025-10-27 08:50Revenue and Profit - The company's revenue for Q3 reached ¥670,148,785.93, an increase of 93.48% year-on-year, driven by strong demand in consumer electronics and successful introduction of new products [3]. - Total profit for Q3 was ¥55,574,230.21, representing a significant increase of 243.75% compared to the same period last year [3]. - Net profit attributable to shareholders for Q3 was ¥51,627,399.78, up 166.73% year-on-year, reflecting improved operational performance [3]. - Total operating revenue for the first three quarters of 2025 reached CNY 1,375,207,417.55, a significant increase from CNY 899,573,426.31 in the same period of 2024, representing a growth of approximately 53% [20]. - Net profit for the first three quarters of 2025 was CNY 30,839,424.93, down from CNY 62,273,041.37 in 2024, reflecting a decline of approximately 50% [22]. Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -¥13,282,717.06 for the year-to-date, a decline of 116.29% due to increased accounts receivable [3][9]. - Cash inflows from operating activities amounted to CNY 1,085,958,939.05 in the first three quarters of 2025, compared to CNY 854,191,870.12 in 2024, representing a growth of around 27% [24]. - The net cash flow from operating activities was -$13.28 million, a decrease from $81.54 million in the previous period [25]. - The ending balance of cash and cash equivalents was $374.67 million, slightly up from $347.68 million [26]. Assets and Liabilities - Total assets increased to ¥4,171,075,460.54, a growth of 16.70% from the end of the previous year [4]. - The company's total liabilities increased to CNY 2,232,533,798.62 in 2025 from CNY 1,965,375,847.22 in 2024, marking an increase of about 14% [19]. - The total equity attributable to shareholders rose to CNY 1,882,397,438.14 in 2025, up from CNY 1,549,500,104.41 in 2024, which is an increase of approximately 21% [19]. - The total liabilities and equity of the company reached CNY 4,171,075,460.54 in 2025, compared to CNY 3,574,070,521.71 in 2024, reflecting an increase of about 17% [19]. Research and Development - R&D investment totaled ¥37,912,520.28 in Q3, accounting for 5.66% of revenue, a decrease of 3.6 percentage points compared to the previous year [4]. - Research and development expenses for the first three quarters of 2025 were CNY 106,421,665.09, compared to CNY 91,630,273.28 in 2024, indicating an increase of approximately 16% [20]. Shareholder Information - The company reported a total of 9,179 common shareholders at the end of the reporting period [12]. - The largest shareholder, WINWIN OVERSEAS GROUP LIMITED, holds 39.88% of the shares, totaling 103,760,407 shares [12]. Operational Efficiency - The subsidiary Nantong Fuliwang achieved breakeven in Q3 after previous losses, indicating improved operational efficiency [9]. - The company anticipates continued growth in revenue and profit in the upcoming quarters, supported by strong market demand for new products [8]. Impairment and Expenses - The company recorded a total asset impairment loss of ¥44,332,000 for the year-to-date, with ¥19,482,100 recognized in Q3 [9]. - The company paid $408.57 million in employee compensation, an increase from $258.51 million [25]. - Interest and fees paid amounted to $14.95 million, compared to $12.70 million previously [25].