恒华科技(300365) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 reached ¥124,487,307.80, representing an increase of 18.64% compared to the same period last year[4] - The total operating income for the first nine months of 2025 was ¥497,236,085.65, a substantial increase of 58.37% year-on-year, attributed to the recognition of revenue from a large system integration project[12] - Total operating revenue for the current period reached ¥497,236,085.65, a significant increase of 58.4% compared to ¥313,976,249.38 in the previous period[25] - Net profit for the current period was ¥7,168,814.83, slightly down from ¥7,330,095.33 in the previous period, reflecting a decrease of 2.2%[26] - The total comprehensive income for the current period was ¥25,128,923.52, compared to ¥29,933,774.97 in the previous period, a decrease of 16.1%[27] Profitability and Expenses - The net profit attributable to shareholders decreased by 54.41% to ¥1,356,033.21 for Q3 2025, while the net profit after deducting non-recurring gains and losses fell by 40.70% to ¥1,583,108.04[4] - Total operating costs amounted to ¥484,948,105.47, up 41.6% from ¥342,470,068.90 in the prior period, with operating costs specifically rising from ¥214,332,008.01 to ¥361,990,973.69[25][26] - Research and development expenses were ¥59,365,606.00, slightly down from ¥59,748,943.38, indicating a decrease of 0.6%[26] - Other comprehensive income after tax for the current period was ¥17,960,108.69, down from ¥22,603,679.64, reflecting a decrease of 20.5%[27] - Basic and diluted earnings per share were both ¥0.0124, down from ¥0.0155 in the previous period, representing a decline of 20.1%[27] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,417,222,052.08, reflecting a growth of 4.35% from the end of the previous year[4] - The total liabilities increased to ¥534,784,586.09 from ¥459,193,721.29, marking an increase of 16.4%[23] - The company’s total liabilities increased to ¥1,083,000,000, reflecting a rise of approximately 15% compared to the previous period[22] - Current assets reached ¥2,048,889,868.52, up from ¥1,955,860,953.92, indicating an increase of about 4.76%[22] - The total non-current assets amounted to ¥368,332,183.56, slightly up from ¥360,641,309.84, indicating a growth of approximately 2.00%[22] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥259,805,845.24 for the year-to-date period, marking a 4.00% increase in outflow compared to the previous year[4] - Cash inflow from operating activities was ¥608,434,746.23, compared to ¥594,970,956.74 in the previous period, showing a modest increase of 2.4%[28] - The net cash flow from operating activities was -$259.81 million, an improvement from -$270.64 million in the previous period[29] - Total cash outflow from operating activities amounted to $868.24 million, slightly up from $865.61 million[29] - Cash outflow from financing activities was $2.62 million, a significant decrease from $125.38 million in the prior period[29] Inventory and Receivables - The company's inventory increased significantly by 125.18% to ¥639,603,755.17, primarily due to project execution costs not yet recognized as revenue[8] - The company reported accounts receivable of ¥969,135,064.30, up from ¥933,416,035.66, reflecting a growth of about 3.83%[21] - Inventory surged to ¥639,603,755.17, compared to ¥284,040,400.53 at the beginning of the period, marking an increase of about 125.67%[21] - The company experienced a 142.71% increase in credit impairment losses, amounting to -¥11,447,669.43, due to higher provisions for accounts receivable[12] Shareholder Information - The number of shares held by the top ten unrestricted shareholders totaled 88,130,852 shares, with significant holdings by major shareholders such as Jiang Chunhua and Luo Xinwei[19] - The company has a total of 125,557,852 shares under lock-up conditions, primarily due to executive restrictions[19]