Kersen(SH:603626)2025-10-28 08:50Financial Performance - The company's operating revenue for the third quarter was ¥870,725,738.98, a decrease of 1.14% compared to the same period last year[5]. - The total profit for the third quarter was a loss of ¥14,584,037.15, with a year-to-date loss of ¥119,613,735.86[5]. - The net profit attributable to shareholders for the third quarter was a loss of ¥9,563,001.00, and a year-to-date loss of ¥114,777,373.14[5]. - Total operating revenue for the first three quarters of 2025 was ¥2,452,906,692.76, a decrease of 6.4% compared to ¥2,621,945,260.11 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was a loss of ¥114,777,373.14, an improvement from a loss of ¥233,970,187.31 in the same period of 2024[22]. - The company reported a total comprehensive loss of ¥121,344,027.22 for the first three quarters of 2025, compared to a loss of ¥232,801,577.14 in 2024[22]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by 118.12%, amounting to ¥183,817,844.67[11]. - Operating cash flow for the first three quarters of 2025 was ¥183,817,844.67, an increase of 118.4% compared to ¥84,274,403.56 in 2024[23]. - The company generated ¥2,689,358,595.90 in cash inflows from operating activities in the first three quarters of 2025, compared to ¥2,304,274,500.44 in 2024[23]. - Cash and cash equivalents at the end of the first three quarters of 2025 were ¥308,803,875.84, down from ¥331,780,463.16 at the end of 2024[24]. - The company's cash and cash equivalents were RMB 343,295,733.37, compared to RMB 385,710,196.80, representing a decline of approximately 11%[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,119,696,216.50, a decrease of 7.83% from the previous year[6]. - Current assets totaled RMB 2,048,545,523.31, down from RMB 2,311,125,495.51, indicating a decrease of about 11.4%[17]. - Total liabilities were RMB 2,986,583,890.48, down from RMB 3,300,350,769.38, indicating a decrease of approximately 9.5%[19]. - The company's equity attributable to shareholders decreased to RMB 2,133,112,326.02 from RMB 2,254,456,353.24, reflecting a decline of about 5.4%[19]. Earnings and Shareholder Metrics - The basic earnings per share for the third quarter was -¥0.0173, and -¥0.2082 for the year-to-date period[6]. - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.2082, an improvement from -¥0.4234 in 2024[22]. - The weighted average return on net assets for the third quarter was -0.45%, and -5.22% for the year-to-date period[6]. Government Support and Non-Recurring Items - The company received government subsidies related to assets totaling ¥8,432,724.70, which are expected to have a lasting impact on profitability[10]. - Non-recurring gains and losses for the current period amounted to ¥10,791,838.66, with year-to-date total of ¥64,428,079.83[9]. Inventory and Receivables - Inventory stood at RMB 455,408,579.15, down from RMB 474,254,460.24, indicating a decrease of approximately 4%[17]. - Accounts receivable decreased to RMB 1,174,090,877.89 from RMB 1,274,125,861.34, reflecting a decline of about 7.8%[17]. Research and Development - Research and development expenses for the first three quarters of 2025 were ¥167,256,005.64, an increase of 15.3% compared to ¥145,133,006.43 in 2024[21]. Borrowings - Short-term borrowings increased to RMB 884,772,027.77 from RMB 722,126,670.78, marking an increase of about 22.5%[19]. Product Development - The company has not reported any significant new product developments or market expansions during the reporting period[16].