SDWH(SH:600241)2025-10-27 10:45Financial Performance - The company's operating revenue for the third quarter was ¥100,825,191.52, a decrease of 15.75% compared to the same period last year[4] - The total profit for the quarter was -¥3,541,675.38, with a year-to-date profit of ¥786,597.84, reflecting a significant decline of 96.13% year-on-year[4] - The net profit attributable to shareholders was -¥2,555,103.91 for the quarter, down 91.08% year-to-date compared to ¥1,678,138.49[4] - The basic earnings per share for the quarter was -¥0.01, a decrease of 83.33% compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 was CNY 279,657,582.58, a decrease of 6.1% compared to CNY 298,239,254.62 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 774,052.57, a significant decline from CNY 19,112,078.45 in the same period of 2024[21] - Basic earnings per share for the first three quarters of 2025 were CNY 0.01, down from CNY 0.06 in 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,214,217,515.92, a decrease of 2.14% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥843,753,083.49, a slight decrease from ¥853,110,064.28 as of December 31, 2024[16] - Total liabilities decreased to ¥118,794,993.39 from ¥146,080,040.06[17] - The total liabilities and equity amounted to CNY 1,214,217,515.92, a decrease from CNY 1,240,728,510.02 in the previous year[18] - The company’s total equity attributable to shareholders was CNY 1,168,429,174.22, showing a slight increase from CNY 1,166,751,035.73[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥30,549,279.37, indicating an increase due to improved sales collections and reduced material procurement expenses[11] - The company reported a net cash flow from operating activities of CNY 30,549,279.37, compared to a negative cash flow of CNY -1,281,036.08 in the previous year[23] - Net cash flow from investing activities was -$103.45 million, a decrease from -$200.51 million year-over-year[24] - The net increase in cash and cash equivalents was -$69.87 million, compared to -$186.55 million year-over-year[24] - The ending balance of cash and cash equivalents was $192.40 million, down from $271.69 million in the previous period[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,244[13] - The largest shareholder, Liaoning Times Wan Heng Holding Group Co., Ltd., holds 143,133,473 shares, accounting for 48.63% of total shares[13] Operational Insights - The decline in profits was primarily attributed to decreased sales prices from major customers in the lithium battery industry, leading to a drop in gross margins[10] - The company plans to continue focusing on cost management and exploring new market opportunities to improve financial performance in the upcoming quarters[10] - The company reported non-recurring gains of ¥402,535.32 for the quarter, with significant contributions from government subsidies and financial asset disposals[8] - The company reported a credit impairment loss of CNY 5,632,305.72, compared to a gain of CNY -4,735,912.95 in the previous year[21] Investment and R&D - Research and development expenses for the first three quarters of 2025 were CNY 18,803,004.70, slightly down from CNY 19,681,963.53 in 2024[20] - The company achieved an investment income of CNY 1,217,315.66, compared to CNY 625,808.70 in the same period last year, reflecting a 94.5% increase[20] Other Information - The company has no significant changes in the top 10 shareholders due to margin trading activities[14] - The company has not reported any new strategies or product developments during the reporting period[15] - The company will not apply new accounting standards starting from 2025[25]