保变电气(600550) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥1,507,495,613.13, an increase of 14.95% compared to the same period last year[4] - The total profit for the period was ¥78,125,498.05, reflecting a growth of 17.47% year-over-year[4] - Net profit attributable to shareholders was ¥70,567,148.08, up 14.53% from the previous year[4] - The net profit excluding non-recurring gains and losses decreased by 79.94% to ¥11,690,136.39, primarily due to changes in sales structure and increased related expenses[9] - The basic earnings per share for the year-to-date period was ¥0.079, an increase of 72.37% year-over-year[4] - The company reported non-recurring gains of ¥58,877,011.69 for the current period, including a gain from the transfer of shares in a subsidiary[7] Assets and Liabilities - The total assets at the end of the period were ¥7,360,711,810.13, a decrease of 2.03% from the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 30.51% to ¥782,884,735.76 compared to the end of the previous year[5] - The total liabilities as of September 30, 2025, were RMB 6,465,252,311.40, a decrease from RMB 6,809,560,710.71 at the end of 2024, reflecting a reduction of approximately 5.1%[15] - The total assets as of September 30, 2025, were RMB 7,360,711,810.13, down from RMB 7,513,323,652.85 at the end of 2024, indicating a decrease of about 2.0%[16] Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached RMB 4,502,410,058.73, a significant increase from RMB 3,172,980,176.29 in the same period of 2024, representing a growth of approximately 41.8%[18] - Total operating costs for the first three quarters of 2025 were RMB 4,380,907,718.61, compared to RMB 3,073,240,068.93 in 2024, indicating an increase of about 42.5%[18] - The gross profit margin for the first three quarters of 2025 was approximately 2.9%, down from the previous year's margin, reflecting increased costs[18] Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2025, were RMB 876,785,431.34, a decrease from RMB 1,176,310,907.43 at the end of 2024, representing a decline of about 25.5%[13] - The company reported an investment income of RMB 58,258,161.42 for the first three quarters of 2025, a significant increase from RMB 4,258,597.71 in the same period of 2024[18] - The cash flow from operating activities showed a net outflow of CNY -470,170,696.61 for the first three quarters of 2025, an improvement compared to CNY -605,806,221.18 in 2024[21] - The company generated CNY 2,966,574,090.82 in cash from borrowings during the financing activities, compared to CNY 1,479,500,000.00 in the previous year, reflecting a growth of approximately 100.5%[22] - The total cash outflow from financing activities was CNY 2,857,543,855.63, which is an increase from CNY 1,150,554,622.94 in the previous year, indicating a rise of about 148.9%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 138,522[10] - The basic and diluted earnings per share for the current period were both CNY 0.079, up from CNY 0.046 in the same period last year, representing a growth of approximately 71.7%[20] Profitability - The company's net loss for the first three quarters of 2025 was RMB 5,415,793,095.40, an improvement compared to a net loss of RMB 5,561,726,924.45 in the same period of 2024[16] - The net profit for the first three quarters of 2025 reached CNY 164,981,713.01, a significant increase from CNY 99,184,362.44 in the same period of 2024, representing a growth of approximately 66.3%[19] - The operating profit for the current period was CNY 173,231,238.07, up from CNY 103,155,165.47 in the previous year, reflecting a growth of approximately 67.8%[19] - The company reported a total comprehensive income of CNY 164,200,597.81 for the current period, compared to CNY 98,528,882.20 in the previous year, marking an increase of about 66.6%[19] Inventory and Receivables - Accounts receivable as of September 30, 2025, totaled RMB 1,782,272,335.56, down from RMB 1,982,132,254.99 at the end of 2024, indicating a reduction of approximately 10.1%[13] - Inventory increased to RMB 2,328,603,610.16 as of September 30, 2025, compared to RMB 2,052,179,217.84 at the end of 2024, marking an increase of about 13.4%[14] Foreign Exchange Impact - The company recorded a foreign exchange impact of CNY 4,569,346.06 on cash and cash equivalents, compared to a negative impact of CNY -548,992.87 in the previous year[22]