MEILUN(SH:603321)2025-10-28 07:55Financial Performance - The company's operating revenue for the third quarter was ¥176,220,671.36, a decrease of 10.55% compared to the same period last year[4]. - The total profit for the quarter was ¥11,392,672.49, down 40.07% year-on-year[4]. - The net profit attributable to shareholders was ¥10,432,221.51, reflecting a decline of 42.34% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2025 was ¥496,800,351.06, a decrease of 13.4% compared to ¥574,057,460.55 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was ¥27,616,279.86, a decline of 76.1% from ¥115,846,026.14 in 2024[18]. - Basic earnings per share were ¥0.03, a reduction of 50.00% from the same period last year[5]. - Basic earnings per share for the first three quarters of 2025 were ¥0.09, down from ¥0.38 in the same period of 2024[19]. Cash Flow - The net cash flow from operating activities showed a significant decrease of 162.11%, amounting to -¥56,311,740.51 for the year-to-date[5]. - The net cash flow from operating activities for the first three quarters of 2025 was -¥56,311,740.51, compared to ¥90,664,959.36 in 2024[20]. - Net cash flow from investing activities was -348,366,429.66, compared to -109,356,920.43 in the previous period, indicating a significant increase in investment outflows[21]. - Cash inflow from financing activities totaled 248,676,574.66, a substantial increase from 26,400,000.00 in the prior period[21]. - Net cash flow from financing activities was 177,486,891.11, contrasting with a negative flow of -97,821,367.13 previously, showing improved financing conditions[21]. - The ending cash and cash equivalents balance was 521,140,426.62, down from 733,923,355.60 in the previous period, reflecting a decrease in liquidity[21]. - Total cash and cash equivalents decreased by 227,598,432.50, compared to a decrease of 116,512,307.99 in the previous period, highlighting cash management challenges[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,096,881,851.83, representing a 2.56% increase from the end of the previous year[5]. - The total liabilities decreased from CNY 1,052,265,000.00 to CNY 1,038,000,000.00, reflecting a reduction of about 1.4%[13]. - The total liabilities decreased to ¥614,493,522.45 in 2025 from ¥784,950,641.38 in 2024, reflecting a reduction of 21.7%[16]. - The total equity attributable to shareholders increased to ¥1,440,423,269.86 in 2025 from ¥1,230,397,510.66 in 2024, representing an increase of 17.0%[16]. - The equity attributable to shareholders increased by 17.07% to ¥1,440,423,269.86 compared to the previous year-end[5]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,201[10]. - Major shareholders include Qian Xuelin with 31.72% and Qian Xuegen with 22.97% of the shares[10]. Operational Efficiency - The company reported a significant decrease in gross profit margin, which was a primary reason for the decline in total profit[8]. - Research and development expenses for the first three quarters of 2025 were ¥23,564,558.81, a decrease of 20.8% from ¥29,749,579.20 in 2024[17]. - The company reported a decrease in sales expenses to ¥43,608,967.65 in 2025 from ¥65,572,774.42 in 2024, a reduction of 33.5%[17]. Investment Activities - Cash outflows for investing activities amounted to 388,113,074.08, significantly higher than 115,633,649.54 in the prior period, indicating aggressive investment strategies[21]. - Cash inflow from investment activities was 39,746,644.42, compared to 6,276,729.11 previously, showing an increase in cash recovery from investments[21]. - The company received 248,629,594.60 in cash from investment, a significant increase from 26,400,000.00 in the previous period, reflecting strong investor confidence[21]. Accounting Practices - The company will not apply new accounting standards starting from 2025, maintaining current reporting practices[22].