武进不锈(603878) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥597,351,095.31, representing a year-on-year increase of 6.97%[4] - The total profit for the third quarter decreased by 65.01% to ¥11,658,643.15, while the profit for the year-to-date period decreased by 51.80% to ¥92,976,396.17[4] - The net profit attributable to shareholders for the third quarter was ¥11,275,254.35, down 63.24% year-on-year, and for the year-to-date period, it was ¥86,772,709.08, down 49.14%[4] - The basic earnings per share for the third quarter was ¥0.02, a decrease of 60.00%, and for the year-to-date period, it was ¥0.15, down 50.00%[5] - The total profit for the first three quarters of 2025 was ¥92,976,396.17, down 51.8% from ¥192,881,004.24 in 2024[20] - Net profit for the first three quarters of 2025 was ¥86,772,709.08, down 49.0% from ¥170,598,615.88 in the first three quarters of 2024[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥258,602,519.74, down 12.76%[4] - The net cash flow from operating activities for the first three quarters of 2025 was ¥258,602,519.74, a decrease of 12.8% compared to ¥296,430,396.58 in 2024[23] - The company reported a net cash outflow from investing activities of ¥251,529,938.82 in 2025, compared to a net inflow of ¥25,838,712.87 in 2024[23] - The company received cash inflows from investment activities totaling ¥1,616,684,797.20 in 2025, compared to ¥459,776,112.20 in 2024, reflecting a strategic shift in investment approach[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,185,031,920.32, an increase of 3.43% compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥2,742,202,097.88, a decrease from ¥2,786,466,401.70 as of December 31, 2024[16] - Total liabilities as of September 30, 2025, are ¥1,550,959,699.03, compared to ¥1,444,884,004.54 at the end of 2024[17] - Total assets as of September 30, 2025, are ¥4,185,031,920.32, up from ¥4,046,256,554.64 at the end of 2024[18] - The company's total equity increased to ¥2,634,072,221.29 from ¥2,601,372,550.10[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,257[12] - The largest shareholder, Zhu Guoliang, holds 90,527,531 shares, representing 16.13% of total shares[12] Expenses and Financial Management - Research and development expenses increased to ¥47,215,465.63 in 2025, up 60.9% from ¥29,316,641.51 in 2024[20] - The company incurred financial expenses of ¥-4,062,808.97 in 2025, compared to ¥7,629,309.05 in 2024, indicating a significant improvement in financial management[20] Product Pricing and Profit Margins - The decline in total profit was primarily attributed to a decrease in product prices and gross profit margins[9]