Polyrocks(SH:688669)2025-10-28 08:50Financial Performance - The company's operating revenue for the third quarter was approximately CNY 986.58 million, a decrease of 0.81% compared to the same period last year[4] - The total profit for the year-to-date period was approximately CNY 11.82 million, reflecting a decrease of 7.17% year-on-year[4] - The net profit attributable to shareholders for the third quarter was approximately CNY 2.89 million, while the year-to-date net profit was approximately CNY 5.77 million[4] - Total operating revenue for the first three quarters of 2025 was CNY 2,963,304,503.96, a decrease of 7.16% compared to CNY 3,192,286,393.39 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 17,170,404.21, a significant recovery from a net loss of CNY 5,084,136.03 in the same period of 2024[20] - The gross profit margin for the first three quarters of 2025 improved, with operating profit recorded at CNY 11,975,993.40 compared to a loss of CNY 16,691,786.46 in 2024[20] - The company reported a basic and diluted earnings per share of CNY 0.05 for the first three quarters of 2025, recovering from a loss of CNY 0.08 per share in the same period of 2024[21] Cash Flow - The net cash flow from operating activities for the third quarter was approximately CNY 34.48 million, down 22.14% compared to the previous year[4] - In the first three quarters of 2025, the net cash flow from operating activities was ¥160,476,330.60, compared to ¥164,801,030.17 in the same period of 2024, showing a slight decrease of 2%[22] - Total cash inflow from operating activities in 2025 was ¥3,484,495,442.36, while cash outflow was ¥3,324,019,111.76, resulting in a net cash inflow of ¥160,476,330.60[22] - Cash inflow from investment activities in 2025 was ¥43,748,990.56, significantly higher than ¥10,731,228.81 in 2024, marking an increase of approximately 307%[23] - The net cash flow from investment activities was -¥134,953,892.96 in 2025, compared to -¥380,964,245.69 in 2024, indicating an improvement of 64%[23] - Cash inflow from financing activities totaled ¥1,478,252,256.80 in 2025, while cash outflow was ¥1,526,411,124.63, resulting in a net cash outflow of -¥48,158,867.83[23] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 5.39 billion, an increase of 5.46% from the end of the previous year[5] - The total liabilities increased to CNY 2.73 billion, compared to CNY 2.54 billion at the end of 2024, indicating a rise of approximately 7.5%[16] - Total liabilities increased to CNY 3,884,360,492.41 in 2025 from CNY 3,619,763,326.04 in 2024, reflecting a growth of 7.33%[19] - Total equity increased to CNY 1,503,416,488.70 in 2025 from CNY 1,489,268,484.22 in 2024, indicating a growth of 0.87%[19] Research and Development - Research and development expenses totaled approximately CNY 34.76 million for the quarter, representing 3.52% of operating revenue, an increase of 0.2 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 100,707,191.80, up from CNY 95,908,291.01 in 2024, showing a year-over-year increase of 7.88%[19] Shareholder Information - The company’s major shareholder, Guangzhou Shipan Stone Investment Management Co., Ltd., holds a 39.43% stake, with no shares under pledge or freeze[12] Other Income - The company recognized government subsidies amounting to approximately CNY 17.09 million during the quarter, contributing to its non-recurring gains[7] - The company achieved investment income of CNY 17,007,477.31 in 2025, a significant increase from CNY 1,811,817.23 in 2024[19] Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2025 was CNY -4,099,593.18, compared to CNY 1,803,925.78 in 2024, indicating a decline in comprehensive income[20] Current Assets - As of September 30, 2025, total current assets amounted to approximately CNY 2.60 billion, an increase from CNY 2.38 billion as of December 31, 2024, representing a growth of about 9.1%[15] - The company's cash and cash equivalents increased to CNY 179.81 million from CNY 151.82 million, reflecting a growth of approximately 18.5%[15] - Accounts receivable rose to CNY 1.08 billion, up from CNY 901.33 million, indicating an increase of around 20.2%[15] - The company's inventory decreased to CNY 724.12 million from CNY 754.13 million, showing a decline of about 4.0%[15] - The company reported a significant increase in other receivables, which rose to CNY 74.11 million from CNY 23.22 million, a growth of about 218.5%[15]