QJCT(SH:600706)2025-10-28 08:35Financial Performance - The company's operating revenue for the third quarter was ¥205,975,072.36, a decrease of 29.98% compared to the same period last year[4] - The total profit for the third quarter was -¥14,991,092.39, representing a decline of 509.48% year-on-year[4] - The net profit attributable to shareholders was -¥10,959,463.33, down 277.01% from the previous year[4] - Total operating revenue for the first three quarters of 2025 was CNY 737,805,556.55, a decrease of 30.7% compared to CNY 1,064,420,896.80 in the same period of 2024[22] - The net profit for the first three quarters of 2025 was a loss of CNY 29,464,463.94, compared to a loss of CNY 188,426,637.89 in the same period of 2024[24] Earnings Per Share - The basic earnings per share for the third quarter was -¥0.04, a decrease of 300% year-on-year[5] - The diluted earnings per share for the third quarter was also -¥0.04, reflecting a 300% decline compared to the previous year[5] - The basic earnings per share for the first three quarters of 2025 was CNY -0.10, compared to CNY -0.71 in the same period of 2024[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥127,693,758.88, a decrease of 10.72% compared to the previous year[4] - Cash inflows from operating activities for the first three quarters of 2025 were CNY 1,234,075,267.54, down from CNY 1,510,124,920.76 in 2024, a decrease of 18.3%[26] - The net cash flow from operating activities was $127.69 million, a decrease of 10.3% from $143.02 million in the previous period[27] - Cash outflows from operating activities totaled $1.11 billion, down 19% from $1.37 billion year-over-year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,785,580,862.20, down 8.09% from the end of the previous year[5] - The total liabilities decreased from CNY 2,317,802,923.30 in 2024 to CNY 2,134,069,004.25 in 2025, a reduction of approximately 7.9%[22] - The total equity attributable to shareholders decreased from CNY 659,474,800.42 in 2024 to CNY 634,634,658.96 in 2025, a decline of about 3.8%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,875[12] - Xi'an Qujiang Tourism Investment (Group) Co., Ltd. holds 106,511,121 shares, accounting for 41.76% of total shares[12] Asset Composition - Total current assets decreased to ¥1,038,943,645.26 from ¥1,113,256,873.33 year-over-year[17] - Non-current assets decreased to ¥1,746,637,216.94 from ¥1,917,551,323.03 year-over-year[17] - Total assets amount to ¥2,785,580,862.20, down from ¥3,030,808,196.36[17] Debt and Financing - Short-term borrowings are reported at ¥209,548,187.39, compared to ¥218,304,556.19 in the previous year[17] - The company's long-term borrowings decreased from CNY 654,000,000.00 in 2024 to CNY 574,000,000.00 in 2025, a reduction of approximately 12.2%[22] - Cash outflows for debt repayment were $239.39 million, up 33% from $180.09 million year-over-year[27] Non-Recurring Items - Non-recurring gains and losses for the period included a profit from debt restructuring of ¥450,000.00[8] - The company reported a significant credit impairment loss of CNY 64,316,527.91 in 2025, contrasting with a gain of CNY -237,271,663.11 in 2024[23] Corporate Actions - The company is in the process of transferring 38% equity of Wenzhou Yandangshan Quwen Tourism Development Co., Ltd. to Beijing Hengli Xinyuan Technology Investment Co., Ltd.[14] - The company plans to repurchase 55% equity of Wuxi Huipao Sports Co., Ltd. as part of its performance commitment[15] Accounting Standards - The company did not adopt new accounting standards starting in 2025[28] Reporting - The board of directors announced the financial results on October 28, 2025[29]