银河微电(688689) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥268,194,052.78, representing a year-on-year increase of 20.81%[4] - The total profit for the quarter was ¥18,688,765.99, showing a significant increase of 94.01% compared to the same period last year[4] - The net profit attributable to shareholders was ¥19,070,984.03, an increase of 88.94% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥15,679,572.69, which is a substantial increase of 205.93% compared to the previous year[4] - The basic and diluted earnings per share for the quarter were both ¥0.15, reflecting an increase of 87.50% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥744,797,186.08, an increase of 16.66% compared to ¥638,093,850.20 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥39,246,200.64, a decrease of 9.56% from ¥43,339,969.26 in 2024[22] - Earnings per share for the first three quarters of 2025 were ¥0.36, slightly up from ¥0.35 in the same period of 2024[22] Assets and Liabilities - The total assets at the end of the quarter were ¥2,248,526,508.47, representing a 1.94% increase from the end of the previous year[5] - The total assets of the company amounted to ¥2,248,526,508.47, an increase from ¥2,205,810,186.87 in the previous year, indicating a growth of 1.93%[17] - The total liabilities of the company as of the latest report were ¥866,340,410.00, compared to ¥840,355,674.45 in the previous year, reflecting a growth of 3.57%[17] - The total current assets as of September 30, 2025, amount to RMB 1,651,109,444.81, a slight decrease from RMB 1,663,428,727.20 at the end of 2024[15] - The company's total non-current assets as of September 30, 2025, are RMB 597,417,063.66, up from RMB 542,381,459.67, indicating an increase of about 10.2%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥26,899,203.29, which decreased by 40.28% compared to the previous year[4] - Operating cash inflow for the first three quarters of 2025 was CNY 596,593,354.80, an increase of 15.4% compared to CNY 516,909,576.40 in the same period of 2024[23] - Net cash flow from operating activities decreased to CNY 26,899,203.29 from CNY 45,043,495.33, representing a decline of 40.2% year-over-year[23] - Cash inflow from investment activities totaled CNY 2,244,279,622.71, up from CNY 2,195,601,929.65, marking a growth of 2.2% year-over-year[24] - Net cash flow from investment activities was negative at CNY -80,319,814.00, improving from CNY -108,048,733.10 in the previous year[24] - Cash inflow from financing activities decreased to CNY 10,300,000.00 from CNY 28,200,000.00, a decline of 63.5% year-over-year[24] - Net cash flow from financing activities was CNY -29,112,082.49, slightly better than CNY -32,796,083.60 in the same period last year[24] - The ending balance of cash and cash equivalents was CNY 163,762,938.30, down from CNY 177,594,517.86 year-over-year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,319[12] - The largest shareholder, Changzhou Galaxy Star Source Investment Co., Ltd., holds 31.61% of the shares, totaling 40,747,740 shares[12] - The total equity attributable to shareholders reached ¥1,347,001,371.63, an increase of 1.67% from ¥1,326,873,054.83 in the previous year[17] - The equity attributable to shareholders increased to ¥1,347,001,371.63, up by 1.52% from the previous year-end[5] - The company has not reported any significant changes in shareholder relationships or agreements during the reporting period[13] Research and Development - Research and development expenses totaled ¥15,078,020.58, accounting for 5.62% of operating revenue, a decrease of 1.17 percentage points from the previous year[5] - Research and development expenses increased to ¥46,146,770.01 in 2025, representing a rise of 15.99% from ¥39,754,021.90 in 2024[21] Inventory and Costs - The company experienced a significant improvement in inventory turnover, contributing to the reduction of stagnant inventory and subsequent asset impairment losses[9] - The company's gross profit margin for the first three quarters of 2025 was approximately 4.67%, down from 6.67% in the same period of 2024[21] - Total operating costs for the first three quarters of 2025 were ¥707,738,619.82, up 19.48% from ¥592,175,389.51 in 2024[21] - The company reported an increase in inventory from RMB 195,078,809.83 to RMB 216,632,466.95, which is an increase of approximately 11.1%[15] - Accounts payable decreased from RMB 244,846,270.30 to RMB 231,371,771.99, a reduction of about 5.5%[16] Tax and Investment Income - The company received tax refunds amounting to CNY 5,669,967.53, significantly higher than CNY 1,772,479.64 in the previous year, indicating a growth of 219.5%[23] - The company reported a decrease in investment income from joint ventures, with a loss of ¥1,538,362.28 in 2025 compared to a loss of ¥2,714,489.96 in 2024[21] - The company has not reported any net profit from the merged entity, with both current and previous periods showing a net profit of CNY 0[23]