Kouzijiao(SH:603589)2025-10-28 08:35Financial Performance - The company's operating revenue for the third quarter was ¥642,711,109.58, a decrease of 46.23% compared to the same period last year[4]. - The total profit for the third quarter was ¥22,352,266.98, reflecting a significant decline of 95.15% year-over-year[4]. - The net profit attributable to shareholders for the third quarter was ¥26,965,057.17, down 92.55% from the previous year[4]. - The basic earnings per share for the third quarter was ¥0.04, a decline of 93.44% year-over-year[5]. - The company experienced a 44.31% decline in total profit for the year-to-date period, attributed to a significant drop in operating revenue[9]. - Total operating revenue for the first three quarters of 2025 was approximately ¥3.17 billion, a decrease of 27% compared to ¥4.36 billion in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was approximately ¥742 million, a decrease of 43% compared to ¥1.31 billion in the same period of 2024[20]. - Operating profit for the first three quarters of 2025 was approximately ¥970 million, compared to ¥1.75 billion in 2024, indicating a decline of about 44%[19]. - Basic earnings per share for the first three quarters of 2025 was ¥1.24, down from ¥2.19 in the same period of 2024[20]. Cash Flow and Assets - The cash flow from operating activities showed a negative net amount of ¥7,470,814.56, a decrease of 102.11% compared to the same period last year[5]. - Cash flow from operating activities for the first three quarters of 2025 was negative at approximately -¥390 million, contrasting with a positive cash flow of ¥358 million in 2024[23]. - Cash flow from investing activities generated a net inflow of approximately ¥67 million in 2025, down from ¥426 million in 2024[24]. - Cash flow from financing activities resulted in a net outflow of approximately -¥842 million in 2025, compared to -¥944 million in 2024[24]. - The ending cash and cash equivalents balance for the first three quarters of 2025 was approximately ¥667 million, a decrease from ¥1.24 billion in 2024[24]. - Total assets at the end of the reporting period were ¥12,583,473,981.47, a decrease of 7.87% from the end of the previous year[5]. - The company's current assets totaled CNY 7,364,192,790.91, down from CNY 8,463,617,859.70 in the previous period, indicating a decline of approximately 12.99%[14]. - Cash and cash equivalents were reported at CNY 737,764,226.18, significantly lower than CNY 1,923,389,187.71 from the previous year, a decline of approximately 61.66%[14]. Shareholder Information - The company reported a total of 73,133 common shareholders at the end of the reporting period[11]. - The largest shareholder, Xu Jin, holds 19.41% of the shares, totaling 116,068,568 shares[11]. Liabilities and Equity - Total liabilities decreased to CNY 2,110,197,546.00 from CNY 3,144,578,462.75, representing a reduction of approximately 32.83%[16]. - The company's equity attributable to shareholders was CNY 10,473,276,435.47, slightly down from CNY 10,514,369,954.86, indicating a decrease of about 0.39%[16]. - The company reported a decrease in accounts payable from CNY 376,313,006.93 to CNY 228,656,365.23, a decline of approximately 39.25%[16]. Inventory and Receivables - Inventory increased to CNY 6,217,651,017.12 from CNY 5,853,711,277.14, reflecting a growth of about 6.21%[14]. - Accounts receivable increased to CNY 35,974,325.12 from CNY 14,257,078.01, marking a rise of about 152.36%[14]. Research and Development - The company reported a significant increase in research and development expenses, totaling approximately ¥22 million in 2025, compared to ¥17.6 million in 2024, reflecting a growth of about 25%[19]. Other Information - The average sales price slightly decreased, contributing to a reduction in gross profit margin during the reporting period[9]. - The company has not reported any significant new product developments or market expansions during the reporting period[13]. - Total operating costs for the first three quarters of 2025 were approximately ¥2.23 billion, down from ¥2.68 billion in 2024, reflecting a decrease of about 17%[19]. - The total non-current assets slightly increased to CNY 5,219,281,190.56 from CNY 5,195,330,557.91, reflecting a growth of about 0.46%[15].