景谷林业(600265) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥16,675,315.37, a decrease of 85.53% compared to the same period last year[5] - The total profit for the quarter was -¥141,626,892.20, with a year-to-date total profit of -¥364,875,621.08[5] - The net profit attributable to shareholders was -¥88,889,282.50 for the quarter, and -¥212,885,444.66 year-to-date[5] - The basic and diluted earnings per share for the quarter were both -¥0.68, with year-to-date figures at -¥1.64[6] - The weighted average return on equity was -171.28% for the quarter, a decrease of 169.02 percentage points year-to-date[6] - Total operating revenue for the first three quarters of 2025 was CNY 140,001,102.73, a decrease of 58.8% compared to CNY 339,546,991.50 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 248,529,602.12, compared to a loss of CNY 13,780,507.88 in the same period of 2024[19] - Total profit for the first three quarters of 2025 was a loss of CNY 364,875,621.08, significantly higher than a loss of CNY 14,247,544.56 in 2024[19] - The net profit for the first three quarters of 2025 was -342,056,732.91 CNY, compared to -13,245,399.93 CNY in the same period of 2024, indicating a significant decline in profitability[20] - The total comprehensive income for the period was -342,056,732.91 CNY, with -212,885,444.66 CNY attributable to the parent company's shareholders[20] - The company reported a basic and diluted earnings per share of -1.640 CNY for the current period, compared to -0.091 CNY in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥650,286,901.13, down 29.54% from the previous year[6] - Shareholders' equity attributable to the company was ¥8,688,320.86, reflecting a decrease of 90.86% compared to the previous year[6] - Total current assets decreased to CNY 321,132,040.14 from CNY 512,214,297.30 at the end of 2024, reflecting a decline of 37.2%[16] - Total non-current assets as of September 30, 2025, were CNY 329,154,860.99, down from CNY 410,766,343.80 at the end of 2024[16] - Total liabilities decreased to CNY 621,060,567.44 from CNY 678,165,438.32 at the end of 2024[17] - Shareholders' equity as of September 30, 2025, was CNY 29,226,333.69, a significant drop from CNY 244,815,202.78 at the end of 2024[17] Cash Flow - Cash and cash equivalents as of September 30, 2025, were CNY 14,316,023.01, down from CNY 40,276,044.56 at the end of 2024[16] - The operating cash flow for the first three quarters of 2025 was -32,552,402.01 CNY, a deterioration from -12,776,171.56 CNY in the same period of 2024[23] - Cash inflows from operating activities totaled 150,946,988.88 CNY, down from 354,687,870.93 CNY year-over-year[23] - Cash outflows from operating activities were 183,499,390.89 CNY, compared to 367,464,042.49 CNY in the previous year, reflecting a reduction in cash outflow[23] - The net cash flow from investing activities was -455,349.77 CNY, an improvement from -7,130,887.42 CNY in the same period of 2024[24] - The net cash flow from financing activities was 7,047,730.77 CNY, contrasting with -16,280,053.83 CNY in the previous year, indicating a positive shift in financing[24] - The ending cash and cash equivalents balance was 14,316,023.01 CNY, down from 22,430,843.50 CNY year-over-year[24] Operational Challenges - The company faced operational disruptions due to civil loan disputes and market fluctuations, impacting production and financial performance[10] - Non-recurring losses totaled -¥50,588,421.50 for the quarter, with year-to-date non-recurring losses at -¥99,440,034.98[7] - The company reported a significant increase in credit impairment losses, totaling CNY -40,378,181.75 for the first three quarters of 2025, compared to CNY -898,685.51 in the same period of 2024[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,489[12] Accounting Standards - The company has not applied new accounting standards for the current reporting period[25]