吉宏股份(002803) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2025 reached ¥1,805,091,473.50, representing a 25.04% increase year-over-year, and a total revenue of ¥5,038,617,871.03 for the year-to-date, up 29.29% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥97,476,909.22, a 56.44% increase year-over-year, with a year-to-date net profit of ¥215,623,731.53, up 60.11% compared to the previous year[5]. - The company reported a basic earnings per share of ¥0.22 for Q3 2025, reflecting a 29.41% increase year-over-year, and ¥0.53 for the year-to-date, up 47.22% compared to the same period last year[5]. - Total operating revenue for the period reached ¥5,038,617,871.03, an increase of 29.2% compared to ¥3,897,087,378.79 in the previous period[34]. - Operating profit for the period was ¥298,653,296.64, compared to ¥157,897,576.83 in the previous period, representing an increase of 89.0%[35]. - Net profit attributable to shareholders of the parent company was ¥215,623,731.53, a rise of 60.0% from ¥134,673,298.73 in the previous period[35]. - Total comprehensive income for the period attributable to the parent company was CNY 214,228,499.85, compared to CNY 134,185,955.85 in the previous period, representing an increase of 59.7%[36]. - Basic and diluted earnings per share increased to CNY 0.53 from CNY 0.36, reflecting a growth of 47.2%[36]. Assets and Liabilities - The total assets at the end of Q3 2025 were ¥4,109,265,104.59, a 17.30% increase from the end of the previous year[5]. - The company's total liabilities increased by 122.06% year-over-year, primarily due to an increase in short-term borrowings and credit loans[11]. - Current assets totaled ¥2,582,736,033.10, up from ¥1,974,094,178.81, indicating a growth of 30.8%[33]. - Current liabilities rose to ¥1,217,813,540.31 from ¥1,084,388,715.47, reflecting an increase of 12.3%[33]. - The company's equity attributable to shareholders increased to ¥2,640,395,147.41 from ¥2,202,024,669.56, a growth of 19.9%[33]. Cash Flow - Cash flow from operating activities showed a net increase of 27.27% year-over-year, attributed to higher sales collections from cross-border e-commerce and packaging businesses[11]. - The net cash flow from operating activities decreased by 11.92% compared to the same period last year, primarily due to increased sales receipts from cross-border e-commerce and packaging businesses, higher procurement payments, increased performance bonuses to employees, and higher advertising expenses related to cross-border e-commerce[12]. - The ending balance of cash and cash equivalents increased by 64.05% year-on-year, mainly due to increased sales receipts and funds raised from H shares[12]. - The net cash flow from financing activities increased by 252.05% year-on-year, primarily due to the funds raised from H shares and an increase in bank loans, along with a decrease in loan repayments and profit distributions[12]. - The net increase in cash and cash equivalents rose by 229.60% compared to the previous year, influenced by a decrease in cash flow from operating activities, an increase in cash flow from investing activities, and an increase in cash flow from financing activities[12]. Investments and Dividends - Cash received from investment recoveries increased by 61.72% year-on-year, mainly due to a higher amount of matured bank wealth management products recovered during the period[12]. - Cash paid for investments increased by 49.32% compared to the previous year, primarily due to a higher amount spent on purchasing bank wealth management products[12]. - The company implemented a cash dividend distribution plan for 2024, distributing RMB 1.58 per 10 shares, totaling RMB 59,757,083.31[22]. - The company approved a cash dividend distribution plan for the first half of 2025, distributing RMB 1.80 per 10 shares, totaling RMB 79,668,519.84[23]. - The company’s total cash dividends distributed for the first half of 2025 were adjusted to RMB 79,259,199.84 due to changes in the number of shares[24]. Share Repurchase - The company plans to repurchase shares using between RMB 60 million and RMB 100 million, with a repurchase price not exceeding RMB 18.20 per share, to implement employee stock ownership plans and equity incentive plans[19]. - As of July 18, 2025, the company repurchased a total of 4,050,700 shares, accounting for 1.0528% of the total A-share capital, with a total transaction amount of RMB 61,120,182.34[21]. - Following the completion of the repurchase of restricted stock, the total A-share capital decreased from 384,769,288 shares to 382,495,288 shares[28]. - The company repurchased and canceled 2,274,000 shares of restricted stock at a price of RMB 8.8120 per share, totaling RMB 20,038,488[27]. - The company’s total A+H share capital decreased from 452,679,288 shares to 450,405,288 shares after the repurchase[28]. Expenses - The company experienced a significant increase in sales expenses, which rose by 42.26% year-over-year, primarily due to increased advertising costs associated with the growth in cross-border e-commerce revenue[10]. - Research and development expenses for the period were ¥101,457,110.12, compared to ¥95,940,868.72 in the previous period, showing an increase of 5.3%[35]. - The company reported a 60.32% decrease in tax refunds received compared to the previous year, due to a reduction in VAT input tax refunds[11]. Other Financial Metrics - The company’s gross profit margin improved, with total profit increasing by 89.62% year-over-year, driven by higher revenues from cross-border e-commerce and packaging businesses[10]. - The company reported a foreign currency translation loss of CNY 1,260,907.92, compared to a loss of CNY 487,342.88 in the previous period[36]. - Cash inflow from operating activities totaled CNY 4,711,547,295.32, compared to CNY 3,709,510,250.12, an increase of 27.0%[37]. - Cash outflow from investing activities was CNY 784,828,778.96, up from CNY 568,119,312.46, an increase of 38.1%[39]. - Cash inflow from investment activities was CNY 629,175,468.92, compared to CNY 366,509,853.19, an increase of 71.6%[39].