HY(SH:601020)2025-10-28 08:50Financial Performance - The company's operating revenue for Q3 2025 reached ¥656,347,215.80, representing a year-on-year increase of 96.97%[6] - Total profit for the period was ¥672,060,305.05, a significant increase of 776.10% compared to the same period last year[6] - Net profit attributable to shareholders was ¥619,208,183.69, reflecting a remarkable growth of 1,315.30% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥206,944,842.15, up 353.01% from the previous year[6] - Basic earnings per share for the period were ¥0.75, a substantial rise of 1,150.00% year-on-year[6] - Total operating revenue for the first three quarters of 2025 reached ¥1,459,450,432.29, a significant increase from ¥926,046,556.96 in the same period of 2024, representing a growth of approximately 57.4%[27] - Net profit for the first three quarters of 2025 was ¥884,242,978.44, up from ¥218,205,192.06 in 2024, reflecting a growth of approximately 304.5%[29] - The total comprehensive income for the period reached CNY 1,037,508,546.61, with CNY 941,594,769.78 attributable to the parent company[31] - Basic and diluted earnings per share were both CNY 0.98, compared to CNY 0.19 in the same period last year[31] Assets and Liabilities - The company's total assets increased by 79.27% to ¥10,372,192,333.89 compared to the end of the previous year[8] - The company's total assets increased to ¥10,372,192,333.89 in 2025 from ¥5,785,677,830.17 in 2024, marking a growth of about 79.5%[24] - Non-current liabilities totaled ¥1,216,386,885.87 in 2025, compared to ¥538,066,369.87 in 2024, an increase of approximately 126.4%[24] - The total equity of the company rose to ¥6,419,351,508.52 in 2025 from ¥4,088,727,050.25 in 2024, representing an increase of about 57.0%[24] - The total liabilities increased to ¥2,583,041,870.71 in 2025 from ¥2,106,211,369.18 in 2024, reflecting a growth of 22.7%[39] - The total equity rose to ¥2,964,510,260.03 in 2025, compared to ¥2,694,016,629.02 in 2024, marking an increase of 10%[39] Cash Flow - The company reported a net cash flow from operating activities of ¥662,875,886.84, an increase of 188.59% year-to-date[6] - Cash inflows from operating activities amounted to CNY 1,644,295,001.98, a significant increase from CNY 915,322,971.39 year-over-year[32] - The net cash flow from operating activities was CNY 662,875,886.84, up from CNY 229,693,024.61 in the previous year[33] - The net cash flow from operating activities for the first three quarters of 2025 was ¥329,124,614.40, an increase of 84.8% from ¥178,150,770.00 in the same period of 2024[45] - The company reported a net cash increase of ¥125,001,685.51 in the first three quarters of 2025, compared to a decrease of ¥35,843,239.00 in the same period of 2024[46] Shareholder Information - Total number of common shareholders at the end of the reporting period is 66,715[15] - The largest shareholder, Tibet Daoheng Investment Co., Ltd., holds 124,800,716 shares, accounting for 15.22% of total shares, with 63,470,969 shares pledged[15] - The second largest shareholder, Qinghai Western Rare and Precious Metals Co., Ltd., holds 72,727,464 shares, representing 8.87% of total shares, with 34,811,252 shares pledged[17] - The company has not identified any related party relationships or concerted actions among shareholders[19] - There are no significant changes in the top 10 shareholders or their participation in margin trading[19] Investment and R&D - The increase in revenue and profit was primarily driven by higher product sales and price increases, along with the acquisition of a 40% stake in Asia Pacific Mining[13] - Research and development expenses for the first three quarters of 2025 were ¥6,381,803.50, slightly down from ¥6,446,197.29 in 2024, indicating a focus on cost management[27] - The company's research and development expenses remained stable at approximately ¥6.38 million for the first three quarters of 2025, slightly down from ¥6.45 million in 2024[41] - The company reported an investment income of ¥402,366,348.49 in 2025, a substantial recovery from a loss of ¥12,212,223.59 in 2024[27] - The company plans to continue expanding its market presence and investing in new technologies to sustain growth[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28] Inventory and Receivables - The company's cash and cash equivalents as of September 30, 2025, amount to ¥613,003,391.61, an increase from ¥298,254,030.61 at the end of 2024[21] - Total current assets increased to ¥1,268,929,900.55 from ¥931,071,625.91 year-over-year[21] - The company reported an increase in inventory to ¥506,362,304.91 from ¥369,293,145.67 year-over-year[21] - Other receivables decreased to ¥6,790,436.68 from ¥15,720,095.42 year-over-year[21] - The company's long-term equity investments were valued at ¥446,586,827.64 as of December 31, 2024[21] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period totaled CNY 462,936,437.56, compared to CNY 64,660,068.89 at the end of the previous year[35] - The net increase in cash and cash equivalents for the period was CNY 219,747,737.45, compared to a decrease of CNY 49,963,497.73 in the same period last year[35] - The company's cash and cash equivalents increased significantly, contributing to improved liquidity and financial stability[24]