新研股份(300159) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥277,603,909.09, a decrease of 22.26% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥72,831,426.99, down 76.44% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥75,329,971.57, a decline of 82.29% compared to the previous year[4]. - Total operating revenue decreased to ¥409,696,363.25 from ¥462,115,908.47, representing a decline of approximately 11.3% year-over-year[22]. - Net profit for the period was a loss of ¥255,707,555.60, compared to a loss of ¥191,116,979.38 in the previous period, indicating a worsening of approximately 33.7%[23]. - The total comprehensive income attributable to the parent company was -241,239,275.67 CNY, compared to -177,630,596.82 CNY in the previous period, reflecting a significant decline[24]. - Basic and diluted earnings per share were both -0.1613, worsening from -0.1185 in the prior period[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,447,914,315.83, a decrease of 2.18% from the end of the previous year[5]. - The equity attributable to shareholders was -¥505,679,891.81, representing a significant decrease of 86.44% compared to the previous year[5]. - The total liabilities increased to ¥2,928,738,059.88 from ¥2,804,404,276.00, marking an increase of approximately 4.4%[21]. - Non-current assets totaled ¥1,249,519,283.01, down from ¥1,353,494,828.70, a decrease of about 7.7%[20]. - The company's total assets decreased to ¥2,447,914,315.83 from ¥2,502,458,177.84, a decline of approximately 2.2%[21]. - The equity attributable to shareholders of the parent company showed a deficit of ¥505,679,891.81, worsening from a deficit of ¥271,222,109.30[21]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥33,172,558.57, a decline of 121.73% compared to the same period last year[11]. - Cash inflow from operating activities totaled 653,248,058.38 CNY, down from 718,475,334.71 CNY year-over-year[24]. - The net cash flow from operating activities was -33,172,558.57 CNY, a sharp decline from 152,675,656.60 CNY in the previous period[24]. - Cash outflow from investing activities was 12,455,523.21 CNY, compared to 38,326,700.82 CNY in the prior period[25]. - The net cash flow from investing activities was -5,094,295.92 CNY, an improvement from -36,413,183.82 CNY year-over-year[25]. - Cash inflow from financing activities was 300,000.00 CNY, significantly lower than 328,091,321.52 CNY in the previous period[25]. - The net cash flow from financing activities was -29,485,434.73 CNY, compared to -177,948,343.08 CNY in the prior period[25]. - The ending cash and cash equivalents balance was 391,052,803.78 CNY, down from 403,449,221.71 CNY in the previous year[25]. Inventory and Investments - The company reported a 91.09% increase in inventory, amounting to ¥426,188,399.04, as preparations for sales in the second half of the year[10]. - The company reported a total current assets of CNY 1,198,395,032.82 as of September 30, 2025, an increase from CNY 1,148,963,349.14 at the beginning of the period[19]. - Inventory increased significantly to CNY 426,188,399.04 from CNY 223,031,590.47, indicating a potential buildup of stock[19]. - The company reported an investment income of ¥27,467,227.42, compared to a loss of ¥702,519.78 in the previous period[22]. - The investment income increased significantly to ¥27,467,227.42, a rise of 4009.82% due to equity disposals[11]. Legal and Restructuring Issues - The company is undergoing a restructuring process initiated by creditors, with a restructuring investment agreement signed with Xinjiang Commercial Logistics Group[16]. - The company has faced legal challenges, with multiple lawsuits and arbitrations reaching disclosure thresholds[17]. - The company’s subsidiary, Deyang Zhongyan Titanium Aviation Technology Co., Ltd., is involved in a legal case due to a guarantee provided for a loan that has not been repaid[16]. Shareholder Actions and Incentives - The company repurchased and canceled 6,320,000 restricted shares due to unmet performance targets, reducing total share capital from 1,501,965,923 to 1,495,645,923 shares[16]. - The company’s stock incentive plan has a vesting schedule from 2024 to 2026, with 20%, 40%, and 40% of shares being released each year[15]. Research and Development - Research and development expenses increased to ¥43,986,751.74 from ¥34,659,857.59, reflecting a growth of about 27% year-over-year[22]. Financial Auditing - The third quarter financial report was not audited[26].