上海钢联(300226) - 2025 Q3 - 季度财报

Revenue and Profit - The company's revenue for Q3 2025 reached ¥22.93 billion, representing a year-on-year increase of 13.21%, while the total revenue for the first three quarters was ¥57.32 billion, a decrease of 10.65% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥490.80 million, up 13.70% year-on-year, with a total net profit of ¥1.68 billion for the first three quarters, an increase of 31.78% compared to the previous year[5]. - Total operating revenue for the period was ¥57,317,611,451.73, a decrease of 10.6% from ¥64,146,102,506.99 in the previous period[25]. - Net profit for the period reached ¥298,737,833.59, an increase of 33% compared to ¥224,621,428.59 in the previous period[26]. - Total comprehensive income for the period reached CNY 298,663,081.55, an increase from CNY 224,635,913.42 in the previous period[27]. - Basic and diluted earnings per share increased to 0.5257 from 0.3951 year-over-year[27]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥379.08 million for the first three quarters, a significant decline of 116.44% year-on-year[5]. - The net cash flow from operating activities for the first nine months of 2025 was -379,083,472.25 RMB, a decrease of 116.44% compared to the same period in 2024[12]. - Net cash flow from operating activities was negative at CNY -379,083,472.25, a significant decline from CNY 2,305,541,546.01 in the previous period[30]. - Total cash outflow from operating activities was CNY 143,846,550,441.48, compared to CNY 179,808,004,580.44 in the previous period[30]. - Cash inflow from investment activities totaled CNY 7,991,089,270.73, compared to CNY 1,035,548,694.12 in the prior period[30]. - Net cash flow from financing activities for the first nine months of 2025 was -144,201,219.83 RMB, a decrease of 80.16% compared to -726,901,008.45 RMB in the same period of 2024[12]. - Net cash flow from financing activities was negative at CNY -144,201,219.83, improving from CNY -726,901,008.45 year-over-year[30]. Assets and Liabilities - The company reported a total asset value of ¥29.58 billion as of September 30, 2025, reflecting a 35.72% increase from the end of the previous year[5]. - Total assets rose to ¥29,583,583,845.05, up from ¥21,797,969,443.86, indicating a growth of 35.6%[24]. - The company's total liabilities increased, with short-term borrowings rising by 63.16% to ¥15.25 billion, mainly due to increased payments for accounts payable[9]. - Total liabilities increased to ¥25,407,924,243.42 from ¥17,608,592,222.12, showing a growth of 44.4%[24]. - Short-term borrowings increased significantly to ¥15,252,372,495.67 from ¥9,347,998,684.28, reflecting a rise of 63.5%[23]. Investments and Expenses - The investment income for the first three quarters was ¥38.94 million, a substantial increase of 1185.13% compared to the same period last year, attributed to increased investments in financial products[11]. - The company's financial expenses increased by 551.37% year-on-year, primarily due to a decrease in interest-bearing liabilities and a decline in interest expenses[11]. - Research and development expenses were ¥75,673,791.49, down from ¥89,481,392.89, a decrease of 15.5%[25]. - The company's inventory increased to ¥2,571,355,370.29 from ¥1,429,034,487.91, marking an increase of 80%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,196[14]. - The largest shareholder, Yadong Xingye Investment Co., Ltd., holds 25.37% of the shares, totaling 80,851,163 shares[14]. - The total number of shares held by the top ten shareholders does not include shares lent through margin trading[14]. - The company has no preferred shareholders with voting rights restored[14]. - The total number of restricted shares at the beginning of the period was 12,288,215, with no new restrictions added during the period[19]. - The company has not disclosed any related party transactions among the top ten shareholders[15]. Government and Recognition - The company received government subsidies amounting to ¥20.54 million in Q3 2025, contributing to a total of ¥112.33 million for the year-to-date[6]. - The company was recognized in several rankings, including "2025 China's Top 500 Private Enterprises" and "2025 China's Top 100 Leading Enterprises in Strategic Emerging Industries"[8]. Other Information - The company established a wholly-owned subsidiary, Zhejiang Gangyin E-commerce Co., Ltd., which was registered on August 5, 2025[20]. - The company did not undergo an audit for the third quarter financial report[31].