海兴电力(603556) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥1,444,960,688.06, representing a year-on-year increase of 25.12%[4] - The net profit attributable to shareholders was ¥336,289,469.84, reflecting a growth of 30.21% compared to the same period last year[4] - The total profit for the quarter was ¥366,929,312.98, which is an increase of 12.91% year-on-year[4] - Basic earnings per share increased by 32.08% to ¥0.7, driven by the rise in revenue[5] - The net profit after deducting non-recurring gains and losses was ¥324,255,930.25, up 26.45% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 3,368,939,168.83, a decrease of 1.2% compared to CNY 3,409,583,709.51 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 730,301,800.14, down 7.7% from CNY 791,027,284.79 in the previous year[22] - Earnings per share (EPS) for the first three quarters of 2025 was CNY 1.51, compared to CNY 1.63 in the same period of 2024[22] - The total comprehensive income for the first three quarters of 2025 was CNY 719,563,215.48, down from CNY 775,939,774.33 in the same period of 2024[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥9,815,235,149.91, a 3.55% increase from the end of the previous year[5] - The company's total current assets as of September 30, 2025, amount to ¥6,541,075,189.61, an increase from ¥6,129,296,377.01 as of December 31, 2024[16] - The company's total assets as of September 30, 2025, are ¥9,815,235,149.91, compared to ¥9,478,317,442.50 at the end of 2024[17] - Total liabilities increased to CNY 2,423,232,920.56, compared to CNY 2,339,438,064.74 in the previous year[20] - Total current liabilities increased to ¥2,252,358,655.69 from ¥2,173,893,212.13[17] Cash Flow - The cash flow from operating activities decreased by 61.15% to ¥134,650,483.22, primarily due to an increase in inventory and operating receivables[10] - Operating cash flow for the first nine months was $123.54 million, a decrease of 82% compared to $685.96 million in the same period last year[25] - Cash received from sales of goods and services was $3.21 billion, a decrease from $3.45 billion in the previous year[25] - Total cash outflow from operating activities was $3.29 billion, compared to $3.04 billion in the same period last year[25] - Cash inflow from investment activities increased significantly to $3.40 billion, compared to $1.69 billion in the previous year[26] - Net cash flow from investment activities was $470.02 million, a turnaround from a negative $1.57 billion in the same period last year[26] - Cash outflow from financing activities totaled $916.24 million, slightly down from $968.28 million year-over-year[26] - The net cash and cash equivalents at the end of the period stood at $753.14 million, down from $804.49 million a year ago[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,756[12] - Zhejiang Haixing Holding Group Co., Ltd. holds 44.30% of shares, making it the largest shareholder[12] - The company's total equity attributable to shareholders increased by 3.56% to ¥7,374,682,094.75 compared to the end of the previous year[5] - Total equity attributable to shareholders of the parent company rose to CNY 7,374,682,094.75 from CNY 7,121,469,162.43 year-over-year[20] Expenses and Investments - Total operating costs increased to CNY 2,614,585,532.09, up 5.4% from CNY 2,481,060,124.54 year-over-year[21] - Research and development expenses for the first three quarters of 2025 were CNY 262,502,414.36, an increase from CNY 234,517,270.37 in the previous year[21] - The company reported an increase in investment income to CNY 56,830,905.33, up from CNY 12,778,719.78 in the previous year[21] - The company has a long-term investment of ¥92,195,524.68, up from ¥64,240,643.59[16] Other Financial Metrics - The weighted average return on equity decreased by 0.48 percentage points to 4.64%[5] - Non-recurring gains and losses for the period totaled ¥12,033,539.59, with government subsidies contributing significantly to this figure[8] - Other comprehensive income after tax for the first three quarters of 2025 was CNY -10,738,584.66, compared to CNY -15,087,510.46 in the previous year[22] - The company's cash and cash equivalents decreased to ¥1,677,501,257.87 from ¥2,580,796,045.18[16] - Accounts receivable increased to ¥1,519,386,603.18 from ¥1,306,874,795.93[16] - Inventory increased significantly to ¥1,385,693,758.54 from ¥806,797,515.17[16] - The company’s non-current assets total ¥3,274,159,960.30, a slight decrease from ¥3,349,021,065.49[17] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[27]