JSNE(SH:603693)2025-10-28 08:00Financial Performance - The company's operating revenue for Q3 2025 was ¥471,594,597.48, a decrease of 7.32% compared to the same period last year[4] - Total profit for the quarter was ¥165,074,793.26, down 20.81% year-over-year[4] - Net profit attributable to shareholders was ¥108,400,659.58, reflecting a decline of 17.54% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.12, a decrease of 20.00% from the same period last year[5] - The weighted average return on equity was 1.57%, a decrease of 0.41 percentage points compared to the previous year[5] - The company reported total revenue of 1.53 billion RMB for the first three quarters of 2025, a decrease from 1.56 billion RMB in the same period of 2024[17] - Net profit attributable to shareholders of the parent company was CNY 390,254,783.42, down 7.9% from CNY 423,889,735.95 in the previous year[19] - Operating profit decreased to CNY 558,620,746.37, a decline of 11.2% from CNY 629,290,319.75 year-over-year[18] - The company reported a total comprehensive income of CNY 453,093,776.49, down from CNY 520,695,613.70 in the previous year[19] - Basic earnings per share decreased to CNY 0.44 from CNY 0.48 year-over-year[19] - Net profit for the first three quarters of 2025 was CNY 72,493,244.04, compared to CNY 140,856,891.91 in the same period of 2024, reflecting a decline of approximately 48.6%[28][29] - Operating profit for the first three quarters of 2025 was CNY 63,883,673.89, significantly lower than CNY 140,863,580.83 in the previous year[28][29] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,870,234,500.07, representing a 1.40% increase from the end of the previous year[5] - Shareholder equity attributable to the company was ¥6,960,209,835.78, up 3.89% from the previous year[5] - As of September 30, 2025, total assets amounted to 17.87 billion RMB, compared to 17.62 billion RMB at the end of 2024[14] - Current assets totaled 5.69 billion RMB, an increase from 5.52 billion RMB at the end of 2024[13] - As of September 30, 2025, total assets amounted to CNY 5,866,535,204.30, a slight decrease from CNY 5,931,667,508.12 as of December 31, 2024[24][26] - Current assets totaled CNY 1,219,461,208.75, down from CNY 1,407,632,951.53 in the previous year, primarily due to a decrease in cash and cash equivalents[24][25] - Total liabilities decreased slightly to CNY 572,302,603.93 from CNY 577,452,542.74 year-over-year[25][26] - The total owner's equity decreased to CNY 5,294,232,600.37 from CNY 5,354,214,965.38, reflecting the impact of reduced retained earnings[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥917,945,947.58, an increase of 14.70%[4] - Cash flow from operating activities was CNY 917,945,947.58, up 14.7% from CNY 800,280,958.49 in the same period last year[22] - Cash flow from investing activities showed a net outflow of CNY 480,208,151.65, an improvement from a net outflow of CNY 710,501,941.65 in the previous year[23] - Cash flow from financing activities resulted in a net outflow of CNY 484,837,146.58, contrasting with a net inflow of CNY 325,411,700.13 in the same period last year[23] - Cash flow from operating activities showed a net outflow of CNY -29,860,028.18 for the first three quarters of 2025, compared to CNY -10,112,377.60 in 2024, highlighting increased cash usage[30] - The net cash flow from investment activities was $62,414,872.10, compared to a negative cash flow of -$285,902,976.62 in the previous period[31] - Cash inflow from financing activities totaled $173,000,000.00, while cash outflow amounted to $323,002,322.72, resulting in a net cash flow of -$150,002,322.72[31] - The ending balance of cash and cash equivalents was $324,028,455.22, down from $441,478,152.99 at the beginning of the period[31] - The company's cash and cash equivalents decreased by $117,449,697.77 during the period[31] Renewable Energy Generation - In the first three quarters of 2025, the total power generation from controlled renewable energy projects was 2.56 billion kWh, a year-on-year decrease of 3.72%[12] - The on-grid electricity for the same period was 2.42 billion kWh, down 3.92% year-on-year[12] - Onshore wind power generation reached 1.62 billion kWh, a decline of 3.57% year-on-year, while offshore wind power generation was 698 million kWh, down 6.93%[12] - The photovoltaic segment saw a total generation of 242 million kWh, an increase of 6.14% year-on-year, with on-grid electricity of 176 million kWh, up 2.92%[12] - The company operates two independent electrochemical energy storage stations, with a total on-grid electricity of 9.4 million kWh in the first three quarters of 2025[12] - The biomass projects are currently in a transformation phase, with a total heating supply of 284,100 tons, down 18.36% year-on-year[12] Research and Development - Research and development expenses increased significantly to CNY 3,304,759.43, compared to CNY 399,378.09 in the previous year, reflecting a focus on innovation[18] - Research and development expenses increased to CNY 1,331,509.43 in 2025 from CNY 83,018.87 in 2024, indicating a focus on innovation[28] Shareholder Information - The top three shareholders hold a combined 78.26% of the company's shares, with Jiangsu Guoxin Group Co., Ltd. owning 57.27%[9] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[32]