SONGFA(SH:603268)2025-10-27 09:55Financial Performance - The company's operating revenue for the third quarter reached CNY 507,871.37 million, a significant increase of 170.27% compared to the same period last year[2]. - The total profit for the third quarter was CNY 84,674.06 million, reflecting a substantial growth of 615.21% year-over-year[2]. - Net profit attributable to shareholders for the third quarter was CNY 62,424.97 million, marking a 696.91% increase compared to the previous year[2]. - The company experienced a 1,293.06% increase in total profit for the year-to-date period, amounting to CNY 172,446.40 million[10]. - Total operating revenue for the first three quarters of 2025 reached ¥11,758,502,735.01, a significant increase from ¥3,486,802,437.13 in the same period of 2024, representing a growth of approximately 237%[25]. - Operating profit for the first three quarters of 2025 was ¥1,720,928,363.46, compared to ¥125,936,434.80 in the first three quarters of 2024, indicating a substantial increase[27]. - Net profit for the first three quarters of 2025 was ¥1,271,349,456.10, a remarkable rise from ¥74,171,143.58 in the same period of 2024, reflecting an increase of approximately 1,615%[27]. - Earnings per share for the first three quarters of 2025 were ¥2.74, compared to ¥0.60 in the same period of 2024, showing a significant improvement[29]. Assets and Liabilities - The company reported a total asset increase of 123.32% year-over-year, reaching CNY 4,341,908.46 million at the end of the reporting period[7]. - The equity attributable to shareholders increased by 146.06% year-over-year, amounting to CNY 806,802.90 million[7]. - The company's total current assets as of September 30, 2025, amount to ¥25,907,187,162.48, compared to ¥10,768,835,263.63 in the previous year[18]. - Total non-current assets are reported at ¥17,511,897,476.79, up from ¥8,673,927,207.17 year-over-year[20]. - Total assets amounted to ¥43,419,084,639.27, up from ¥19,442,762,470.80 in the previous year, indicating a growth of approximately 123%[22]. - Total current liabilities are ¥26,312,354,797.91, an increase from ¥12,671,977,985.36 year-over-year[20]. - Total liabilities amount to ¥35,351,055,666.26, compared to ¥16,163,896,994.64 in the previous year[20]. Cash Flow - The company reported a cash flow from operating activities of CNY -62,073.42 million, indicating a significant decrease compared to the previous year[2]. - The net cash flow from operating activities was -¥822,496,186.35, an improvement from -¥2,127,396,956.51 in the previous year[33]. - The net cash flow from investing activities was -¥7,180,848,149.21, compared to -¥2,096,423,619.78 in the same period last year[33]. - The net cash flow from financing activities was ¥11,405,004,574.54, significantly higher than ¥4,139,887,986.68 in the previous year[35]. - The total cash and cash equivalents at the end of the period amounted to ¥4,055,582,538.80, up from ¥283,865,283.01 at the end of the previous year[35]. - Cash inflows from operating activities for the first three quarters of 2025 totaled ¥15,173,529,708.73, a significant increase from ¥3,685,157,073.29 in the same period of 2024[32]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,862[14]. - The largest shareholder, Suzhou Zhongkun Investment Co., Ltd., holds 343,513,041 shares, accounting for 35.39% of total shares[14]. - The company has no changes in the top 10 shareholders due to margin trading or stock lending[17]. Research and Development - Research and development expenses for the first three quarters of 2025 were ¥107,245,858.04, compared to ¥50,418,345.96 in the same period of 2024, reflecting an increase of about 113%[25]. Other Financial Metrics - The company implemented a significant asset restructuring, with the newly included asset, Hengli Heavy Industry, generating operating revenue of CNY 507,459.85 million and a net profit of CNY 63,385.41 million during the reporting period[4]. - The basic earnings per share for the year-to-date period was CNY 356.67, reflecting a substantial increase compared to the previous year[12]. - The company has a significant increase in inventory, reported at ¥5,489,166,714.30, compared to ¥1,852,463,382.30 previously[18]. - The company has a total of 6,756,095,639.03 in other payables, up from 4,129,497,211.94 in the previous year[20]. - Total operating costs for the first three quarters of 2025 were ¥10,179,254,390.34, compared to ¥3,386,290,982.36 in the same period of 2024, representing an increase of approximately 200%[25]. - The company received cash from investments totaling ¥3,932,047,364.58, compared to ¥2,500,000,000.00 in the previous year[33]. - Cash paid for the acquisition of fixed assets was ¥7,077,925,192.23, an increase from ¥2,104,121,703.64 in the same period last year[33]. - The cash outflow for financing activities was ¥5,172,660,094.82, compared to ¥4,903,646,232.56 in the previous year[35]. - The cash inflow from financing activities totaled ¥16,577,664,669.36, compared to ¥9,043,534,219.24 in the previous year[35]. - The impact of exchange rate changes on cash and cash equivalents was ¥4,567,680.35, down from ¥11,298,783.51 in the previous year[35]. - The company did not apply new accounting standards or interpretations for the first time in 2025[36].