Huati Tech(SH:603679)2025-10-27 10:55Financial Performance - The company's operating revenue for the third quarter reached ¥181,091,054.78, representing a year-on-year increase of 91.46%[4] - Year-to-date revenue until the reporting period was ¥374,341,929.28, showing a growth of 29.67% compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥374,341,929.28, a significant increase from ¥288,685,329.54 in the same period of 2024, representing a growth of approximately 29.7%[20] - Total revenue for the first three quarters of 2025 reached CNY 257,404,637.65, up 24.3% from CNY 207,058,642.87 in the same period of 2024[33] - Operating revenue from sales and services received cash of 277,992,555.26 RMB, up from 188,340,428.63 RMB year-over-year, reflecting a growth of approximately 47.5%[36] Profitability - The total profit for the period was -¥39,693,910.92, with a net profit attributable to shareholders of -¥31,607,923.80[4] - Basic and diluted earnings per share for the third quarter were both -¥0.1917, reflecting a decrease due to reduced net profit[5] - The net loss for the first three quarters of 2025 was ¥59,180,736.68, worsening from a net loss of ¥33,260,237.40 in the same period of 2024[22] - The operating profit for the first three quarters of 2025 was reported at -¥54,216,613.10, compared to -¥39,319,013.13 in 2024, reflecting a decline in operational performance[21] - The company reported a basic and diluted earnings per share of -¥0.3445 for the first three quarters of 2025, compared to -¥0.1912 in 2024[22] - The total comprehensive income for the period was -40,823,094.55 RMB, compared to -14,293,191.49 RMB in the same period last year, indicating a worsening financial position[35] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥111,853,974.25[5] - Net cash flow from operating activities for the first three quarters of 2025 was -CNY 111,853,974.25, compared to -CNY 64,384,623.49 in 2024, indicating a worsening cash flow situation[25] - The net cash flow from operating activities was -100,255,864.22 RMB, worsening from -59,900,268.52 RMB in the previous year[36] - Cash flow from investment activities for the first three quarters of 2025 was CNY 42,163,250.65, compared to -CNY 4,167,447.14 in 2024, showing a significant improvement[26] - The company reported total cash and cash equivalents at the end of the period of 79,056,019.43 RMB, an increase from 54,084,680.85 RMB year-over-year[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,481,269,388.92, a decrease of 1.56% from the previous year-end[5] - Total assets decreased to ¥1,481,269,388.92 from ¥1,504,806,651.13, a decline of about 1.6%[16] - Total liabilities increased to ¥702,385,129.51 in 2025 from ¥673,720,760.77 in 2024, marking an increase of approximately 4.9%[21] - Total liabilities increased to CNY 550,764,541.40 as of September 30, 2025, compared to CNY 515,024,461.83 at the end of 2024[30] - The company's equity decreased to CNY 875,872,071.83 as of September 30, 2025, from CNY 913,756,286.54 at the end of 2024[30] Shareholder Information - The total number of ordinary shares outstanding at the end of the reporting period is 17,148,000[12] - The largest shareholder, Liang Xi, holds 23,404,943 shares, representing 14.20% of total shares[12] - The total number of shareholders with voting rights at the end of the reporting period is 0[12] - The company has no significant changes in the top 10 shareholders due to margin trading or securities lending[13] Market and Competition - The company reported a significant decline in gross profit margin due to increased market competition and reduced delivery margins[10] - The company is focusing on expanding its market presence and enhancing product development to improve future performance[20] Expenses - Total operating costs for the first three quarters of 2025 were ¥409,091,995.63, compared to ¥300,490,147.34 in 2024, indicating an increase of about 36.2%[21] - The company's total operating expenses increased to 18,090,831.63 RMB for sales expenses, up from 15,727,969.49 RMB, marking an increase of about 15.1%[34] - Financial expenses rose to 5,680,418.18 RMB, compared to 4,063,843.28 RMB, reflecting an increase of approximately 40%[34] - Research and development expenses decreased to 13,579,236.23 RMB from 18,485,943.51 RMB, showing a reduction of approximately 26.5%[34] Investment Income - The company recorded investment income of 3,433,907.98 RMB, a significant recovery from a loss of -2,601,948.22 RMB in the previous year[34] - The company has incurred substantial credit impairment losses of ¥18,556,249.92 in 2025, compared to ¥23,132,191.55 in 2024, showing a slight improvement in credit quality[21]