LME(SH:688589)2025-10-27 09:55Financial Performance - The company's operating revenue for the third quarter was ¥71,532,279.64, a decrease of 37.56% compared to the same period last year[4] - The total profit for the quarter was -¥3,720,183.21, reflecting a decline of 144.38% year-on-year[4] - The net profit attributable to shareholders was -¥2,465,651.27, down 130.31% from the previous year[4] - For the period from January to September 2025, the company achieved operating revenue of CNY 269.81 million, a year-on-year decrease of 28.62%[14] - The net profit attributable to shareholders for the same period was CNY 22.38 million, down 55.55% year-on-year, primarily due to delays in bidding and supply in the smart grid market[14] - Total operating revenue for the first three quarters of 2025 was CNY 269,810,697.45, a decrease of 28.7% compared to CNY 378,013,595.05 in the same period of 2024[24] - Operating profit for the first three quarters of 2025 was CNY 22,424,107.33, a decline of 60.2% from CNY 56,265,937.91 in 2024[25] - Net profit for the first three quarters of 2025 was CNY 22,379,987.44, down 55.7% compared to CNY 50,349,120.70 in the same period of 2024[25] Earnings Per Share - The basic earnings per share for the quarter was -¥0.02, a decrease of 133.33% compared to the same period last year[5] - The diluted earnings per share for the quarter was also -¥0.02, showing a similar decline of 133.33%[5] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.15, a decrease from CNY 0.36 in the previous year[26] Research and Development - Research and development expenses totaled ¥21,741,755.43, accounting for 30.39% of operating revenue, an increase of 10.36 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 53,168,260.45, an increase of 7.6% compared to CNY 49,284,833.02 in 2024[24] - The company is increasing its R&D investment in non-grid IoT applications, which is expected to enhance its market position in this sector[14] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥48,950,099.26, reflecting a 53.15% increase[5] - The company's cash and cash equivalents decreased from CNY 710.60 million on December 31, 2024, to CNY 394.53 million by September 30, 2025[19] - Cash inflow from operating activities for the first three quarters of 2025 was $283.08 million, compared to $340.91 million in the same period of 2024, representing a decrease of approximately 16.9%[27] - Net cash flow from operating activities for the first three quarters of 2025 was $48.95 million, an increase from $31.96 million in 2024, indicating a growth of about 53%[27] - Cash and cash equivalents at the end of the first three quarters of 2025 amounted to $393.30 million, down from $549.71 million at the end of the same period in 2024, a decrease of approximately 28.5%[28] Liabilities and Equity - Total liabilities as of the reporting date were CNY 451,918,720.65, a slight decrease from CNY 462,421,550.49 in the previous year[21] - The company reported a total equity of CNY 1,049,812,744.03, a decrease from CNY 1,071,175,090.91 in the previous year[21] Market Conditions - The decline in revenue was attributed to slower bidding progress and supply rhythm in the smart grid market, despite a 30% increase in non-electric IoT revenue year-to-date[10] - Revenue from non-grid IoT products increased by 30% compared to the same period last year, supporting the company's multi-track collaborative development strategy[14] - As of September 30, 2025, the company had a backlog of orders amounting to CNY 198.10 million[14]