Rapoo(SZ:002577)2025-10-27 10:30Revenue and Profitability - The company's revenue for Q3 2025 was ¥114,668,442.28, representing a 5.26% increase year-over-year, while the year-to-date revenue decreased by 1.69% to ¥323,003,451.75[6] - The net profit attributable to shareholders for Q3 2025 was -¥7,108,420.76, a decline of 155.71% compared to the same period last year, and a year-to-date decrease of 76.03% to ¥8,192,118.09[6] - The basic and diluted earnings per share for Q3 2025 were both -¥0.0253, reflecting a decrease of 156.10% year-over-year, with year-to-date earnings per share at ¥0.0290, down 75.99%[6] - Operating profit decreased by 67.77% to CNY 13,525,909.24 million, attributed to increased marketing expenses for new product promotions and higher credit impairment losses[15] - Net profit fell by 76.03% to CNY 8,192,118.09 million, reflecting the same factors affecting operating profit[15] - Total operating revenue for the current period is ¥323,003,451.75, a decrease of 1.6% from ¥328,543,167.42 in the previous period[28] - Net profit for the current period is ¥8,192,118.09, a decline of 76.0% compared to ¥34,177,407.59 in the previous period[29] - Basic and diluted earnings per share decreased to ¥0.03 from ¥0.12 in the previous period[29] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥1,358,287,071.09, an increase of 1.05% from the end of the previous year[6] - Total liabilities increased to ¥175,112,206.80, up from ¥162,352,291.48 in the previous period[27] - Total current assets as of September 30, 2025, amount to 1,192,999,927 RMB, an increase from 1,164,088,622 RMB at the beginning of the period[26] - Non-current assets total 165,287,144.09 RMB, down from 180,092,588.03 RMB[26] - The total assets of the company as of September 30, 2025, are 1,358,287,071.09 RMB, compared to 1,344,181,210.28 RMB at the beginning of the period[26] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥24,818,237.36, a significant decrease of 71.04% compared to the previous year[6] - Cash flow from operating activities dropped by 71.04% to CNY 24,818,237.36 million, mainly due to changes in settlement methods with suppliers[16] - Cash inflow from investment activities decreased by 89.44% to CNY 42,459,827.96 million, primarily due to the recovery of principal from wealth management products[16] - Cash outflow for investment activities fell by 93.22% to CNY 58,953,624.43 million, mainly due to reduced principal payments for wealth management products[16] - The net cash flow from investment activities improved by 96.47%, reaching CNY -16,493,796.47 million, due to decreased investment payments[16] - The ending cash and cash equivalents balance increased by 45.02% to CNY 281,916,468.72 million, reflecting better cash management practices[18] - The company reported a net decrease in cash and cash equivalents of CNY 6,765,606.94, compared to a much larger decrease of CNY 399,710,989.56 in the prior period[31] - The ending balance of cash and cash equivalents was CNY 281,916,468.72, down from CNY 594,106,735.83 at the beginning of the period[31] Expenses and Impairments - The company recognized a credit impairment loss of ¥12,017,800 due to provisions for accounts receivable from a single customer during the reporting period[6] - Credit impairment losses rose to CNY -12,727,891.45 million, a 141.17% increase year-on-year, mainly due to the provision for bad debts on accounts receivable[15] - The company incurred financial expenses of -¥2,449,585.25 for the year-to-date period, a reduction of 60.01% compared to the same period last year, mainly due to decreased interest income from cash management[13] - Total operating costs increased to ¥307,312,467.29, up 5.3% from ¥291,899,737.65 in the previous period[28] - Research and development expenses were ¥18,054,839.08, slightly down from ¥19,373,093.86 in the previous period[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,903[20] - The largest shareholder, Hotkey Electronics (Hong Kong) Limited, holds 58.12% of the shares, totaling 163,752,878 shares[20] - The company has repurchased 343,500 shares at a total cost of 7,196,332 RMB, representing 0.1219% of the total A-share capital[23] - The maximum repurchase price was 25.90 RMB per share, while the minimum was 19.56 RMB per share[23] Other Financial Metrics - The company received government subsidies amounting to ¥102,787.74 in Q3 2025, contributing to the overall financial performance[9] - The fair value change income increased to CNY 55,501.97 million, a 712.77% increase compared to the previous year, primarily due to the accrual of floating income from wealth management products[15] - Other comprehensive income after tax increased to ¥1,488,324.49 from ¥715,762.15 in the previous period[29] - The total comprehensive income for the current period is ¥9,680,442.58, down from ¥34,893,169.74 in the previous period[29] - The financial report for Q3 was not audited, indicating potential areas for further scrutiny[32]