华阳新材(600281) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥175,226,066.08, representing a year-on-year increase of 113.15%[5] - The company's revenue for the year-to-date period was ¥325,584,927.03, reflecting a 31.10% increase year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥325,584,927.03, a significant increase of 31.1% compared to ¥248,339,454.23 in the same period of 2024[18] - Total operating costs increased to ¥383,625,486.98, up 17.1% from ¥327,667,466.93 year-over-year[18] - The company reported an operating profit of ¥70,196,418.30, a turnaround from an operating loss of ¥76,906,911.46 in the previous year[18] - Net profit for the first three quarters of 2025 was ¥68,883,341.52, compared to a net loss of ¥87,658,325.62 in the same period of 2024[20] - The basic and diluted earnings per share for the current period were ¥0.1339, recovering from a loss of ¥0.1704 per share in the previous year[20] Profitability and Loss - The total profit for the quarter was a loss of ¥13,277,061.06, with a net profit attributable to shareholders also showing a loss of ¥13,245,537.81[5] - Cash flow from operating activities showed a net outflow of ¥94,437,753.09, worsening from a smaller outflow of ¥3,945,925.47 in the same period last year[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥968,013,492.99, an increase of 12.35% compared to the end of the previous year[6] - The company's current assets totaled RMB 362,875,053.21, up from RMB 218,707,159.88, indicating a significant increase of about 65.9%[14] - The company's total liabilities amounted to RMB 837,380,070.72, compared to RMB 800,494,756.18, reflecting a growth of approximately 4.6%[16] - Total current liabilities reached RMB 649,568,189.73, up from RMB 589,043,279.11, which is an increase of about 10.3%[16] Equity - The equity attributable to shareholders increased by 113.88% to ¥130,633,422.27 compared to the previous year[6] - The equity attributable to the parent company was RMB 130,633,422.27, a significant increase from RMB 61,079,299.45, indicating a growth of about 114.4%[16] Cash Flow - The net cash flow from operating activities was not applicable, while the year-to-date cash flow was a negative ¥94,437,753.09[5] - Cash flow from investing activities generated a net inflow of ¥67,884,906.78, compared to a net outflow of ¥22,626,493.74 in the previous year[23] - Cash flow from financing activities resulted in a net inflow of ¥14,384,083.30, down from ¥67,091,735.41 in the same period of 2024[23] - The ending cash and cash equivalents balance decreased to ¥22,492,174.31 from ¥80,049,884.55 year-over-year[23] Inventory and Receivables - The company reported a significant increase in inventory by 61.84%, primarily due to the increase in precious metal raw materials[9] - Accounts receivable rose to RMB 72,842,223.32 from RMB 61,326,505.36, representing an increase of approximately 18.5%[14] - Inventory increased to RMB 141,786,582.96, compared to RMB 87,607,557.32, marking a growth of around 61.8%[14] Government Subsidies - The company received government subsidies amounting to ¥71,264.29, contributing to its non-operating income[8] Borrowings and Non-current Assets - The company’s long-term borrowings decreased to RMB 151,190,000.00 from RMB 188,470,000.00, a reduction of approximately 19.7%[16] - The company’s total non-current assets were RMB 605,138,439.78, down from RMB 642,866,895.75, indicating a decline of about 5.9%[15] Accounting Standards - The company has not adopted new accounting standards or interpretations for the current reporting period[24]