Bonree(SH:688229)2025-10-28 08:25Financial Performance - The company's operating revenue for the third quarter was ¥30,803,552.59, a decrease of 19.75% compared to the same period last year[4]. - The total profit for the third quarter was -¥15,574,311.19, with a year-to-date total profit of -¥42,009,704.86[4]. - The net profit attributable to shareholders was -¥15,562,318.49 for the quarter, and -¥41,754,069.21 year-to-date[4]. - Basic and diluted earnings per share for the third quarter were both -¥0.36, compared to -¥0.96 for the same period last year[6]. - Total operating revenue for the first three quarters of 2025 was CNY 101,003,263.54, a decrease of 3.3% compared to CNY 105,120,196.85 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was a loss of CNY 41,732,942.20, an improvement from a loss of CNY 63,600,847.84 in the same period of 2024[22]. - The basic and diluted earnings per share improved to -CNY 0.96 from -CNY 1.46 in the previous year[22]. Expenses and Cost Management - Research and development expenses totaled ¥14,993,755.26 for the quarter, a decrease of 21.95% year-on-year, and accounted for 48.68% of operating revenue[6]. - Research and development expenses for the first three quarters of 2025 were CNY 47,163,173.01, down from CNY 64,972,995.33 in 2024, indicating a reduction of 27.4%[21]. - Sales expenses decreased to CNY 51,011,747.10 from CNY 58,744,052.91, a decline of 13.0%[21]. - The company is actively promoting cost reduction and efficiency improvement, leading to a decrease in sales and R&D expenses compared to the previous year[10]. Assets and Liabilities - Total assets at the end of the reporting period were ¥477,679,910.03, a decrease of 1.54% from the end of the previous year[6]. - Current assets totaled CNY 395,828,520.43, slightly down from CNY 406,221,003.14 in the previous year[16]. - Cash and cash equivalents were CNY 307,455,268.14, compared to CNY 331,850,210.41 at the end of 2024, indicating a decrease of approximately 7.35%[16]. - Accounts receivable increased to CNY 82,710,338.33 from CNY 69,162,606.79, reflecting a growth of about 19.7%[16]. - Total non-current assets reached CNY 81,851,389.60, up from CNY 78,933,247.17, marking an increase of approximately 2.3%[17]. - The company reported a significant increase in accounts payable, which rose to CNY 20,639,785.05 from CNY 15,193,080.23, representing an increase of about 36%[17]. - The total liabilities decreased to CNY 59,160,742.36 from CNY 65,079,006.67, a reduction of 9.5%[18]. - The total equity attributable to shareholders decreased slightly to CNY 418,524,706.99 from CNY 420,101,909.97[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥52,439,509.56[4]. - Cash flow from operating activities showed a net outflow of CNY 52,439,509.56, an improvement from a net outflow of CNY 76,984,922.20 in the previous year[25]. - Cash inflow from investment activities totaled CNY 305,659,447.11, compared to CNY 296,269,390.30 in the same period of 2024[25]. - Total cash inflow from financing activities was $33,194,199.19, while cash outflow was $4,171,497.40, resulting in a net cash flow of $29,022,701.79, a significant improvement from a net outflow of $25,872,199.49 previously[26]. - The net increase in cash and cash equivalents was -$25,186,366.70, compared to -$101,930,517.27 in the prior period, indicating a reduced cash burn[26]. - The ending balance of cash and cash equivalents was $306,373,186.79, down from $327,653,702.14 in the previous period[26]. Shareholder Information - There are no significant changes in the top 10 shareholders or their holdings, indicating stability in ownership[15]. - The company did not receive any cash from minority shareholders' investments during the current period, compared to $400,000.00 in the previous period[26]. Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[27].