威腾电气(688226) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥864,678,681.91, a decrease of 3.15% compared to the same period last year[4]. - The total profit for the quarter was -¥3,005,146.49, reflecting a significant decline of 107.86% year-over-year[9]. - The net profit attributable to shareholders was -¥2,822,691.69, down 109.33% compared to the previous year[10]. - The net profit after deducting non-recurring gains and losses was -¥4,388,794.97, a decrease of 115.00% year-over-year[10]. - Total operating revenue for the first three quarters of 2025 was approximately ¥2.60 billion, a decrease of 5.38% compared to ¥2.74 billion in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was approximately ¥17.70 million, a decrease of 84.83% compared to ¥116.65 million in the same period of 2024[21]. - The total comprehensive income for the first three quarters of 2025 was approximately ¥29.78 million, a decrease of 75.80% compared to ¥120.14 million in the same period of 2024[22]. Cash Flow and Investments - The company reported a cash flow from operating activities of -¥99,976,681.86 for the year-to-date period[4]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 2,210,766,580.90, a decrease of 3.73% compared to CNY 2,296,156,223.64 in the same period of 2024[24]. - The net cash flow from operating activities was -CNY 99,976,681.86, an improvement from -CNY 190,042,178.86 year-over-year[24]. - Cash outflow from investment activities totaled CNY 811,413,017.06, significantly higher than CNY 258,617,837.15 in the previous year, resulting in a net cash flow from investment activities of -CNY 646,816,660.67[25]. - The company received CNY 160,000,000.00 from investment recoveries, a significant increase from CNY 9,178,007.01 in the previous year[24]. - The company spent CNY 570,432,017.06 on fixed assets and other long-term assets, compared to CNY 238,800,098.25 in the same period last year[25]. - The company raised CNY 42,500,000.00 from new investments, up from CNY 4,300,000.00 in the previous year[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,592[12]. - The largest shareholder, Jiang Wengong, holds 35,137,167 shares, representing 18.73% of the total shares[12]. - Jiangsu Weiteng Investment Management Co., Ltd. is the second-largest shareholder with 27,479,241 shares, accounting for 14.64%[12]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,100,425,599.74, an increase of 3.95% from the end of the previous year[5]. - The total current assets as of September 30, 2025, amount to ¥3,395,561,162.54, compared to ¥3,378,521,884.03 as of December 31, 2024[17]. - Cash and cash equivalents decreased to ¥651,639,079.85 from ¥896,389,352.45[16]. - Accounts receivable increased to ¥1,607,416,315.46 from ¥1,477,366,107.77[16]. - Inventory decreased to ¥339,279,956.86 from ¥466,393,540.16[17]. - Non-current assets totaled ¥1,704,864,437.20, up from ¥1,528,201,624.02[17]. - The company's total liabilities increased to approximately ¥3.31 billion in 2025 from ¥3.17 billion in 2024, reflecting a growth of 4.06%[22]. - The total equity attributable to shareholders of the parent company was approximately ¥1.67 billion, slightly up from ¥1.66 billion in the previous year[19]. Research and Development - Research and development expenses totaled ¥26,748,677.41, representing 3.09% of operating revenue, an increase of 0.11 percentage points[5]. - Research and development expenses for the first three quarters of 2025 were approximately ¥74.23 million, a decrease of 6.67% from ¥79.12 million in the same period of 2024[20]. Market Conditions - The decline in profits was primarily attributed to intensified market competition in photovoltaic materials and energy storage systems[9]. - The company experienced a significant reduction in project execution for medium and low voltage complete equipment, contributing to the overall profit decline[9]. Earnings Per Share - The company reported a basic earnings per share of ¥0.07 for the first three quarters of 2025, down from ¥0.70 in the same period of 2024[22].