PJRC(SH:600395)2025-10-27 09:55Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,077,695,760.90, a decrease of 13.53% compared to the same period last year[5]. - The total profit for the year-to-date period was CNY -3,874,125.76, reflecting a decline of 83.73% year-on-year[5]. - The net profit attributable to shareholders for Q3 2025 was CNY -12,288,017.75, a significant drop of 488.27% compared to the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was CNY -38,751,015.52, a decrease of 2,784.60% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 reached ¥7,229,672,379.38, an increase of 12.1% compared to ¥6,448,710,436.17 in the same period of 2024[20]. - The net profit for the first three quarters of 2025 was -¥19,010,663.52, a significant decline compared to a net profit of ¥49,800,142.21 in the same period of 2024[21]. - The total comprehensive income for the first three quarters of 2025 was -¥9,885,004.53, compared to ¥53,450,405.80 in 2024, showing a substantial decline[22]. - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.008, down from ¥0.016 in the same period of 2024[22]. - The total comprehensive income for the first three quarters of 2025 was approximately ¥111 million, down from ¥134 million in 2024, reflecting a decline of 17.2%[33]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 590,809,456.33, an increase of 576.55% year-on-year[5]. - The net cash flow from operating activities was ¥590,809,456.33, a significant improvement compared to a negative cash flow of ¥123,977,514.42 in the previous period[24]. - Total cash inflow from financing activities reached ¥8,325,360,692.06, while cash outflow was ¥5,073,160,155.21, resulting in a net cash flow of ¥3,252,200,536.85[25]. - The cash and cash equivalents at the end of the period were ¥2,349,159,003.56, compared to ¥2,205,719,823.82 at the end of the previous period, marking a net increase of ¥739,976,331.06[25]. - The net increase in cash and cash equivalents for the first three quarters of 2025 was approximately ¥405 million, contrasting with a decrease of ¥46 million in 2024[35]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 46,503,946,550.18, representing a 7.02% increase from the end of the previous year[5]. - The company's total current assets as of September 30, 2025, amount to RMB 6,737,596,888.77, an increase from RMB 6,283,151,496.79 at the end of 2024[15]. - The company's total liabilities increased to ¥34,931,177,441.88 in 2025 from ¥31,964,605,219.34 in 2024, marking a growth of 9.2%[18]. - The total liabilities rose to ¥14,604,777,373.34, up from ¥13,408,232,205.66, indicating an increase of about 8.9%[30]. - The company's total assets increased to ¥25,504,041,745.69 from ¥24,129,193,900.09, reflecting a growth of approximately 5.7% year-over-year[29]. Production and Sales - The coal production volume for the first nine months of 2025 was 751.86 million tons, an increase of 8.74% compared to the same period in 2024[10]. - The sales volume of coal for the first nine months of 2025 was 751.67 million tons, an increase of 8.00% year-on-year[10]. - The electricity generation for the first nine months of 2025 was 934,842.49 million kWh, a substantial increase of 139.56% compared to the previous year[10]. - The average on-grid electricity price for the first nine months of 2025 was CNY 0.3601 per kWh, a decrease of 1.29% from the previous year[10]. Expenses - Total operating costs for the first three quarters of 2025 were ¥7,293,609,319.10, up from ¥6,549,636,800.61 in 2024, reflecting a year-over-year increase of 11.3%[20]. - Research and development expenses for the first three quarters of 2025 were ¥247,687,837.62, compared to ¥230,263,032.44 in 2024, reflecting an increase of 7.6%[21]. - The company's financial expenses for the first three quarters of 2025 were ¥444,334,852.19, significantly higher than ¥231,703,448.68 in 2024, indicating an increase of 91.6%[21]. - The company paid ¥2,780,383,257.86 in employee compensation, slightly down from ¥2,825,927,967.23 in the previous period[24]. - Research and development expenses decreased to approximately ¥104 million in 2025 from ¥140 million in 2024, reflecting a reduction of 25.5%[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,474[11]. - Guizhou Energy Group Co., Ltd. holds 976,878,600 shares, accounting for 45.51% of total shares[11]. - The company has no preferred shareholders with restored voting rights[11].