创兴资源(600193) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the current period is CNY 18,354,621.05, representing a year-on-year increase of 121.25%[4] - The total profit for the current period is a loss of CNY 1,605,927.42, with a year-to-date loss of CNY 15,007,058.11[4] - The net profit attributable to shareholders for the current period is a loss of CNY 773,841.21, with a year-to-date loss of CNY 14,485,027.57[4] - Total operating revenue for the first three quarters of 2025 was CNY 18,728,608.61, a decrease from CNY 45,788,388.93 in the same period of 2024, representing a decline of approximately 59%[21] - Net profit for the first three quarters of 2025 was a loss of CNY 14,485,027.57, compared to a loss of CNY 19,645,053.42 in the same period of 2024, showing an improvement of approximately 26%[22] - The total comprehensive income attributable to the parent company was -14,485,027.57 RMB, compared to -19,645,053.42 RMB in the previous year[23] Cash Flow - The cash flow from operating activities for the current period is a negative CNY 5,786,255.08, with a year-to-date cash flow of negative CNY 10,130,551.41[5] - Cash inflows from operating activities totaled 74,728,186.87 RMB, an increase from 72,867,919.18 RMB in the same period last year[25] - Cash outflows from operating activities amounted to 84,858,738.28 RMB, compared to 70,898,317.35 RMB in the previous year[26] - The net cash flow from operating activities was -10,130,551.41 RMB, a decline from a positive 1,969,601.83 RMB in the prior year[26] - Cash flow from investing activities generated a net inflow of 2,178,828.00 RMB, recovering from a net outflow of -8,170,856.48 RMB last year[26] - Cash flow from financing activities resulted in a net inflow of 25,574,772.23 RMB, compared to 7,311,082.06 RMB in the previous year[27] - The net increase in cash and cash equivalents was 17,623,048.82 RMB, significantly higher than 1,109,827.41 RMB in the same period last year[27] - The ending balance of cash and cash equivalents was 21,163,989.19 RMB, compared to 5,844,412.19 RMB at the end of the previous year[27] Assets and Liabilities - Total assets at the end of the current period amount to CNY 548,651,699.68, a decrease of 4.15% from the previous year[5] - The company's total assets decreased to CNY 548,651,699.68 from CNY 572,427,808.91, reflecting a decline of about 4.2%[20] - Current liabilities totaled CNY 459,249,028.20, slightly down from CNY 468,523,360.99, a decrease of approximately 2.7%[19] - The total liabilities decreased to CNY 459,548,196.11 from CNY 468,863,577.77, a reduction of approximately 2.8%[19] - Long-term equity investments decreased to CNY 8,266,634.77 from CNY 9,843,213.59, a decline of about 16%[18] Shareholder Information - The company reported a total of 21,917 common shares outstanding at the end of the reporting period[12] - Zhejiang Overseas Chinese Industry Co., Ltd. holds 34,664,147 shares, representing 8.15% of total shares, with all shares frozen[12] - The top ten shareholders collectively hold a significant portion of shares, with the largest shareholder owning 34,664,147 shares[12] Financial Risks and Concerns - The company has a significant risk of default on a loan of approximately 3.79 million RMB due to its wholly-owned subsidiary's failure to repay[15] - The company has been placed under delisting risk warning as of May 6, 2025, due to negative net profit and revenue below 300 million RMB[15] - The company experienced a net loss of 193,384,912.44 RMB in 2024, marking an increase in losses compared to previous years[15] - The company has faced continuous cash flow issues, with negative cash flow from operating activities for five consecutive years[15] - The company is under scrutiny for its ability to continue as a going concern due to ongoing financial difficulties[15] Changes in Expenses - The decrease in net profit attributable to shareholders for the year-to-date is mainly due to the reversal of bad debt provisions[10] - The company reported an increase in cash outflows due to higher payments for goods, impacting both the current and year-to-date cash flow from operating activities[10] - Research and development expenses for the first three quarters of 2025 were CNY 643,304.00, significantly lower than CNY 3,748,039.88 in 2024, indicating a reduction of approximately 83%[21] - The company reported a credit impairment loss of CNY 5,993,621.01 in 2025, compared to a loss of CNY 11,813,836.19 in 2024, showing an improvement of about 49%[22] Earnings Per Share - The basic earnings per share for the current period is CNY -0.002, compared to CNY -0.034 for the year-to-date[5] - Basic and diluted earnings per share were both -0.034 RMB, down from -0.046 RMB year-over-year[23] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2025[28]