2025-10-28 09:30Financial Performance - The company's operating revenue for the third quarter was CNY 2,774,856,418.56, a decrease of 5.29% compared to the same period last year[3]. - The total profit for the quarter was CNY 244,751,602.87, reflecting an increase of 6.87% year-over-year[3]. - The net profit attributable to shareholders was CNY 225,151,227.06, which represents a 15.14% increase compared to the previous year[3]. - The basic earnings per share for the quarter was CNY 0.2004, up by 15.17% year-over-year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 9,702,504,828.09, a decrease of 9.65% compared to CNY 10,736,379,923.58 in the same period of 2024[18]. - Total operating costs decreased to CNY 8,838,461,348.83, down 8.59% from CNY 9,670,238,422.90 year-over-year[18]. - Net profit for the first three quarters of 2025 was CNY 1,057,222,350.47, a decline of 5.19% compared to CNY 1,115,315,214.65 in 2024[19]. - Earnings per share (EPS) for the first three quarters of 2025 was CNY 0.8848, down from CNY 0.9798 in the same period last year[20]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 16,246,609,715.17, an increase of 10.59% from the end of the previous year[3]. - The total current assets as of September 30, 2025, amounted to RMB 10,983,480,781.51, an increase from RMB 7,425,048,133.18 as of December 31, 2024, reflecting a significant growth[13]. - The total non-current assets were reported at RMB 5,080,000,000.00, with fixed assets valued at RMB 2,116,394,885.56[14]. - Total liabilities increased to CNY 7,821,285,122.55, up from CNY 6,913,064,048.45, representing a growth of 13.14% year-over-year[16]. - The company reported a significant increase in accounts payable, which rose to CNY 2,675,353,677.89 from CNY 2,157,202,989.34, a growth of 24.0%[16]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 1,090,850,796.96, down by 37.48% compared to the previous year[3]. - Operating cash inflow for the first three quarters of 2025 was CNY 8,103,062,551.08, a decrease of 11.0% compared to CNY 9,107,655,152.34 in the same period of 2024[22]. - Net cash flow from operating activities was CNY 1,090,850,796.96, down 37.5% from CNY 1,744,781,554.68 year-on-year[23]. - Cash outflow for purchasing goods and services was CNY 5,618,441,533.84, a slight decrease of 4.6% from CNY 5,889,702,280.20 in 2024[23]. - Net cash flow from investment activities was -CNY 1,488,586,014.32, an improvement from -CNY 1,830,292,014.39 in the same period last year[24]. - The ending cash and cash equivalents balance was CNY 1,026,142,008.88, down from CNY 1,744,554,983.94 in the same period last year[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,867[10]. - There were no changes in the top 10 shareholders or their participation in margin financing and securities lending activities[13]. - Shareholders' equity totaled CNY 8,425,324,592.62, an increase from CNY 7,778,271,661.52, marking a growth of 8.31%[16]. Operational Insights - The company experienced a decrease in cash flow due to increased credit sales and delayed receivables[8]. - The company emphasized the importance of monitoring operational performance and financial metrics in the upcoming quarters[12]. - The company has not disclosed any new product developments or market expansion strategies during the conference call[12]. - Research and development expenses increased to CNY 346,824,564.08, up 9.26% from CNY 317,450,819.65 in 2024, indicating a focus on innovation[19]. Financial Management - The company reported non-recurring gains of CNY 6,755,286.41 for the quarter[6]. - The company's financial expenses showed a notable improvement, with a net financial income of CNY -2,306,067.81 compared to CNY -29,262,583.14 in the previous year, indicating better cost management[19]. - Cash received from tax refunds increased to CNY 208,757,443.11, up 46.0% from CNY 143,073,680.06 in the previous year[23]. - Cash inflow from investment activities totaled CNY 442,338,261.81, compared to CNY 373,847,690.30 in 2024, reflecting a 18.3% increase[24]. - Cash outflow for investment activities was CNY 1,930,924,276.13, down 12.4% from CNY 2,204,139,704.69 year-on-year[24]. Accounting Standards - The company did not implement new accounting standards or interpretations for the year 2025[25].