Kings(SH:603505)2025-10-28 08:30Financial Performance - The company's operating revenue for the third quarter reached ¥1,032,749,586.59, representing a year-on-year increase of 45.21%[4] - The total profit for the quarter was ¥158,637,700.48, reflecting a growth of 53.63% compared to the same period last year[4] - The net profit attributable to shareholders was ¥109,483,079.21, which is an increase of 32.29% year-on-year[4] - The basic earnings per share for the quarter was ¥0.13, up by 30.00% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥2,758,308,544.81, a significant increase of 50.7% compared to ¥1,829,996,982.63 in the same period of 2024[23] - Net profit for the first three quarters of 2025 was ¥301,183,352.69, compared to ¥266,109,856.22 in 2024, marking an increase of 13.2%[24] - The total comprehensive income for the first three quarters of 2025 was ¥301,531,021.74, compared to ¥266,121,961.53 in 2024, showing an increase of 13.3%[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥7,260,497,752.60, marking a 9.12% increase from the end of the previous year[5] - The company's total assets reached ¥7,260,497,752.60, an increase from ¥6,653,440,850.44, representing a growth of 9.1%[20] - The company's total liabilities increased to ¥4,836,009,631.55 from ¥4,502,801,211.77, representing a growth of 7.4%[20] - The equity attributable to shareholders increased to ¥1,803,166,305.20, a rise of 13.01% compared to the previous year[5] - The total equity attributable to shareholders rose to ¥1,803,166,305.20, up from ¥1,595,635,909.78, indicating an increase of 13.0%[20] Cash Flow - The company reported a net cash flow from operating activities of ¥462,233,702.32 for the year-to-date, which is a 24.80% increase compared to the same period last year[4] - The cash inflow from operating activities for the first three quarters of 2025 was CNY 2,045,501,241.55, an increase of 27% compared to CNY 1,610,745,823.93 in the same period of 2024[26] - The net cash flow from operating activities was CNY 462,233,702.32, up from CNY 370,376,141.59 in the previous year, representing a growth of 25%[26] - Cash inflow from financing activities totaled CNY 1,363,968,952.00, an increase from CNY 1,298,135,134.76 in 2024, marking a growth of 5%[27] - The ending cash and cash equivalents balance was CNY 397,131,455.84, compared to CNY 378,853,578.98 at the end of the same period in 2024, reflecting an increase of 5%[27] Production and Sales - The increase in revenue is attributed to the capacity release of the Baotou "selection and processing integration" project and increased sales of hydrofluoric acid and fluorite powder[10] - In the first nine months of 2025, the company produced approximately 300,000 tons of fluorite products and sold about 278,000 tons, with production and sales increasing by approximately 20,000 tons and 25,000 tons year-on-year respectively[14] - The Baotou "selection and processing integration" project produced approximately 620,000 tons of fluorite powder, with sales of about 140,000 tons, representing a significant year-on-year increase of 55%[14] - The company plans to produce 100,000 to 120,000 tons of fluorite concentrate in the fourth quarter of 2025[16] Investments and Expenses - Research and development expenses for the first three quarters of 2025 were ¥42,540,214.34, a decrease of 21.5% from ¥54,139,310.36 in the previous year[23] - The company reported an investment income of ¥82,673,330.68, which is an increase from ¥72,434,250.76 in the same period last year, reflecting a growth of 14.5%[24] Other Financial Information - Non-recurring gains and losses for the quarter totaled ¥6,882,791.74, with significant contributions from the disposal of mining rights[8] - The company's cash and cash equivalents stood at approximately 466.3 million yuan, up from 386.7 million yuan at the end of 2024[17] - The company's accounts receivable increased to approximately 456.6 million yuan from 382.3 million yuan year-on-year[17] - The company's inventory was approximately 851.4 million yuan, slightly down from 859 million yuan at the end of 2024[18] - The company's short-term borrowings increased to approximately 1.06 billion yuan from 922 million yuan at the end of 2024[18] - The company reported a net loss of approximately 31 million yuan for Jiangshan New Materials and a net loss of about 11 million yuan for Jiangxi Jinling during the reporting period[15] - The cash outflow for purchasing goods and services was CNY 1,028,397,483.28, compared to CNY 813,749,475.42 in 2024, indicating a rise of 26%[26] - The net cash flow from investing activities was -CNY 505,473,769.56, a decrease in outflow compared to -CNY 746,850,754.51 in the previous year[27] - The total cash outflow for financing activities was CNY 1,214,700,303.05, compared to CNY 745,148,475.61 in the previous year, indicating an increase of 63%[27] - The impact of exchange rate changes on cash and cash equivalents was CNY 57,093.29, a positive change compared to -CNY 919,508.41 in 2024[27]