SICC CO.(SH:688234)2025-10-27 09:25Financial Performance - The company's operating revenue for the third quarter was ¥318,200,911.07, a decrease of 13.76% compared to the same period last year[3] - The total profit for the third quarter was -¥2,824,236.36, reflecting a decline of 106.92% year-on-year[3] - The net profit attributable to shareholders was -¥9,760,277.60, down 123.72% compared to the previous year[3] - The basic earnings per share for the quarter was -¥0.03, a decrease of 130.00% year-on-year[3] - The diluted earnings per share for the quarter was also -¥0.03, reflecting a 130.00% decline compared to the previous year[10] - Total operating revenue for the first three quarters of 2025 was ¥1,112,006,114.02, a decrease of 13.2% compared to ¥1,281,219,949.92 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥1,119,900.90, a significant decline from ¥143,032,051.19 in the previous year[21] Research and Development - Research and development expenses totaled ¥47,462,015.95 for the quarter, representing 14.92% of operating revenue, an increase of 4.40 percentage points year-on-year[4] - Research and development expenses rose to ¥123,308,691.85, an increase of 29.8% compared to ¥95,034,934.76 in the same period last year[20] Assets and Equity - Total assets at the end of the reporting period reached ¥9,720,605,667.63, a 32.13% increase from the end of the previous year[4] - Shareholders' equity attributable to the company was ¥7,398,335,601.03, up 39.25% compared to the previous year[4] - The company reported a total asset value of ¥9,720,605,667.63, up from ¥7,356,705,041.15 year-over-year[17] - The company's equity attributable to shareholders reached ¥7,398,335,601.03, up from ¥5,312,981,765.12 year-over-year[17] Liabilities and Financial Expenses - Total liabilities increased to ¥2,322,270,066.60, compared to ¥2,043,723,276.03 in the previous year[17] - The company recorded a financial expense of ¥15,980,572.42, compared to a financial income of -¥8,282,090.46 in the same period last year[20] Cash Flow and Investments - The company's cash and cash equivalents amount to ¥3,377,524,417.12 as of September 30, 2025, compared to ¥1,239,198,322.57 at the end of 2024[15] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 1,269,098,589.36, a decrease of 7.8% compared to CNY 1,376,638,710.24 in the same period of 2024[24] - The net cash flow from operating activities was CNY 70,356,833.36, a significant improvement from a net outflow of CNY 52,201,248.91 in the first three quarters of 2024[25] - The cash inflow from financing activities totaled CNY 3,123,844,974.01, compared to CNY 500,000,000.00 in the same period of 2024, indicating a substantial increase[25] - The total cash and cash equivalents at the end of the period reached CNY 3,271,807,588.95, compared to CNY 928,792,788.80 at the end of the same period in 2024[25] - The cash outflow from investment activities was CNY 436,234,997.90, a decrease from CNY 503,523,586.12 in the first three quarters of 2024[25] - The net cash flow from investment activities was -CNY 434,734,997.90, worsening from -CNY 225,335,177.82 in the same period of 2024[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,575[12] - The largest shareholder, Zong Yanmin, holds 129,302,726 shares, representing 26.68% of total shares[13] - HKSCC NOMINEES LIMITED holds 54,906,000 shares, accounting for 11.33% of total shares[13] - The company has a total of 29,559 A-share shareholders and 16 H-share shareholders as of the reporting period[13] - The top ten shareholders hold a significant portion of the company's equity, with the top three alone accounting for over 45%[12] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[15] - There are no known related party transactions or concerted actions among the major shareholders[13] Government Subsidies - The company received government subsidies amounting to ¥9,517,954.58 during the reporting period, which positively impacted its financial performance[6] Tax and Other Comprehensive Income - The company’s tax expenses for the first three quarters of 2025 were ¥3,655,466.84, compared to ¥722,143.66 in the previous year[21] - Other comprehensive income after tax amounted to ¥1,396,941.47, compared to ¥441,676.60 in the same period last year[21] Miscellaneous - The company experienced a significant increase in sales expenses due to new product customer testing and sample submissions, contributing to the overall decline in profitability[9] - The company did not apply new accounting standards for the first time in 2025[26]