双环科技(000707) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥454,906,100, a decrease of 10.90% compared to the same period last year[5] - The net profit attributable to shareholders was ¥-39,640,880, representing a significant decline of 274.54% year-on-year[5] - The basic earnings per share (EPS) was ¥-0.0728, down 248.88% from ¥0.0458 in the previous year[5] - Net profit decreased by 92.45% to CNY 27.31 million, attributed to a decline in sales prices of main products and a larger drop in revenue compared to cost[12] - Net profit for the current period is ¥27,307,192.12, a significant decrease compared to ¥361,839,391.88 in the previous period, indicating a decline of approximately 92.5%[24] - Operating profit for the current period is ¥66,884,995.24, down from ¥374,165,804.93 in the previous period, reflecting a decrease of about 82.1%[24] - Total revenue from operating activities decreased to ¥638,434,109.10 from ¥1,085,769,492.42, representing a decline of approximately 41.1%[28] - The company’s total comprehensive income for the current period is ¥27,307,192.12, compared to ¥366,024,149.43 in the previous period, reflecting a decrease of about 92.6%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,680,404,638.87, an increase of 5.59% compared to the beginning of the year[5] - Total assets increased to 5,680,404,638.87 RMB from 5,379,933,510.58 RMB, showing overall growth in the asset base[21] - Total liabilities rose to 2,784,017,395.91 RMB from 2,218,050,637.26 RMB, indicating increased leverage[21] - The equity attributable to shareholders increased by 9.31% to ¥2,847,426,035.57 compared to the beginning of the year[5] - The company's equity attributable to shareholders increased to 2,847,426,035.57 RMB from 2,604,885,419.28 RMB, reflecting retained earnings and capital growth[21] Cash Flow - The net cash flow from operating activities was ¥-55,303,530, a decrease of 113.51% compared to the same period last year[5] - Operating cash flow turned negative at CNY -55.30 million, a decrease of 113.51% compared to the previous year, driven by falling prices of key products[12] - Cash flow from operating activities turned negative at -¥55,303,532.24, compared to a positive cash flow of ¥409,272,051.29 in the previous period[28] - Cash and cash equivalents decreased to 1,163,595,541.69 RMB from 1,451,664,955.36 RMB at the beginning of the period, reflecting a liquidity contraction[19] - Cash and cash equivalents at the end of the period decreased to ¥1,163,595,541.69 from ¥1,326,625,076.21, a decline of about 12.3%[28] Investments and Financing - The company reported a significant increase in accounts receivable financing by 183.43%, reaching ¥284,650,238.95[11] - The net cash flow from financing activities increased by 76.87% to CNY 638.33 million, mainly due to a reduction in bank loan repayments[13] - The company raised funds not exceeding 708.96 million RMB for acquiring 68.59% equity in Hongyi Chemical Technology Co., Ltd., with the acquisition process completed and shares issued[17] - Investment income fell by 53.57% to CNY 1.99 million, primarily due to a decrease in interest income from structured deposits[12] - Investment activities generated a net cash outflow of -¥871,093,296.23, worsening from -¥465,301,443.07 in the previous period[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,069[15] - The largest shareholder, Hubei Shuanghuan Chemical Group Co., Ltd., holds 21.68% of the shares[15] Other Financial Metrics - The company recognized government subsidies amounting to ¥2,296,090.75 during the reporting period[8] - The net profit from non-recurring items was ¥7,377,203.10 for the current reporting period[8] - Fixed assets increased by 45.32% to approximately CNY 3.39 billion, primarily due to the completion of construction projects[12] - Contract liabilities rose by 105.36% to CNY 198.51 million, mainly due to an increase in advance receipts[12] - Other payables surged by 1101.01% to CNY 211.43 million, mainly due to increased transitional profit and loss payable to shareholders[12] - Deferred income rose by 32.01% to CNY 118.04 million, attributed to subsidies received for technology upgrade projects[12] - The company reported a significant increase in tax expenses, totaling ¥41,381,435.92, compared to ¥16,934,627.42 in the previous period, marking an increase of approximately 144.5%[24] - Basic and diluted earnings per share for the current period are both -¥0.0534, a stark contrast to ¥0.7313 in the previous period[25]