CLOUDWALK(SH:688327)2025-10-28 09:15Financial Performance - The company's operating revenue for Q3 2025 was ¥186.21 million, representing a 75.68% increase compared to ¥106.00 million in the same period last year[4]. - The total profit for the period was -¥76.68 million, an improvement from -¥154.28 million year-on-year, indicating a significant reduction in losses[4]. - The net profit attributable to shareholders was -¥79.74 million, compared to -¥152.29 million in the previous year, reflecting a similar trend of reduced losses[4]. - Total operating revenue for the first three quarters of 2025 reached ¥355,190,931.01, a significant increase from ¥226,510,204.76 in the same period of 2024, representing a growth of approximately 56.8%[21]. - The net loss for the first three quarters of 2025 was ¥311,027,524.52, compared to a net loss of ¥514,081,681.58 in 2024, indicating an improvement in financial performance[22]. - The comprehensive income total for the first three quarters of 2025 was -¥309,210,652.69, an improvement from -¥509,467,901.51 in 2024, showing a positive trend in overall financial health[22]. - The diluted earnings per share for the first three quarters of 2025 is -0.30 CNY, compared to -0.49 CNY in the same period of 2024[23]. Research and Development - Research and development expenses totaled ¥44.77 million for the quarter, a decrease of 54.68% from ¥72.58 million in the same period last year[4]. - The ratio of R&D expenses to operating revenue decreased by 69.15 percentage points to 24.04% for the quarter, down from 93.19% year-on-year[6]. - Research and development expenses for the first three quarters of 2025 were ¥162,364,845.50, down from ¥364,929,690.53 in 2024, reflecting a decrease of approximately 55.6%[21]. Assets and Liabilities - The company's total assets as of the end of the reporting period were ¥1.77 billion, a decrease of 10.68% from the previous year[6]. - The total liabilities as of September 30, 2025, amounted to ¥1,049,781,132.80, a slight decrease from ¥1,092,174,657.04 at the end of 2024[18]. - Non-current assets totaled ¥241,575,113.39 as of September 30, 2025, down from ¥277,647,346.04 at the end of 2024, indicating a decline of about 13.0%[18]. - The company's total assets were reported at ¥1,770,482,292.44 as of September 30, 2025, compared to ¥1,982,248,295.74 at the end of 2024, a decrease of approximately 10.7%[18]. - The total equity attributable to shareholders decreased to ¥949,345,783.54 as of September 30, 2025, from ¥1,117,920,154.81 at the end of 2024, reflecting a decline of about 15.1%[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥31.26 million, a significant recovery from -¥191.90 million in the previous year[4]. - Operating cash inflow for the first three quarters of 2025 is 563,781,283.39 CNY, an increase of 52.7% from 368,920,792.03 CNY in 2024[25]. - Net cash flow from operating activities for the first three quarters of 2025 is 31,258,581.22 CNY, a significant improvement from -191,900,731.32 CNY in 2024[25]. - Cash outflow from investing activities in the first three quarters of 2025 is 194,899,021.37 CNY, compared to 150,496,380.00 CNY in 2024, resulting in a net cash flow of -162,038,537.87 CNY[26]. - Cash inflow from financing activities for the first three quarters of 2025 is 245,520,446.56 CNY, down from 569,264,464.39 CNY in 2024[26]. - The net cash flow from financing activities in the first three quarters of 2025 is 33,606,646.40 CNY, compared to 79,630,225.66 CNY in 2024[26]. - The cash and cash equivalents at the end of the first three quarters of 2025 amount to 729,030,560.70 CNY, slightly down from 735,717,561.58 CNY in 2024[26]. - The company reported a cash inflow of 9,320,356.00 CNY from investment absorption in the first three quarters of 2025[26]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 51,562[13]. - The largest shareholder, Changzhou Cloud From Information Technology Co., Ltd., holds 205,107,480 shares, representing 19.75% of total shares[13]. Other Information - The company attributed the increase in operating revenue to the significant growth in computing power construction business driven by the "AI infrastructure + AI intelligent system" dual-drive strategy[10]. - The company is actively responding to market demand and accelerating the construction and delivery of intelligent computing centers, contributing to the rapid growth of its computing power business[10]. - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[15]. - There are no other important reminders regarding the company's operational situation during the reporting period[15]. - The company reported a financial expense of -¥4,221,519.44 in the first three quarters of 2025, compared to -¥15,938,574.46 in 2024, indicating a reduction in financial costs[21]. - The board of directors announced the financial results on October 27, 2025[28]. - The company has not applied new accounting standards starting from 2025[27].