晶华新材(603683) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥561,902,049.43, an increase of 11.81% compared to the same period last year[4] - The total profit for the quarter was ¥24,675,654.41, reflecting a decrease of 11.87% year-over-year[4] - The net profit attributable to shareholders was ¥26,398,313.35, showing a slight increase of 0.19% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥23,058,580.99, down by 5.05% year-over-year[4] - Basic earnings per share for the quarter were ¥0.0934, down 9.23% from the same period last year[5] - The company achieved a revenue of 1.508 billion RMB in the first three quarters of 2025, representing a year-on-year growth of 11.00%[13] - The net profit attributable to shareholders for the same period was 64.0727 million RMB[13] - Total operating revenue for the first three quarters of 2025 reached ¥1,508,475,488.95, an increase of 11.0% compared to ¥1,358,950,995.49 in the same period of 2024[25] - Operating profit for the first three quarters of 2025 decreased to ¥59,601,297.92 from ¥70,988,323.48 in 2024, a decline of 16.5%[25] - Net profit for the first three quarters of 2025 was ¥52,294,675.04, down from ¥68,684,572.66 in 2024, indicating a decrease of 23.9%[25] - Net profit for the current period is CNY 65,870,281.72, a decrease of 4.0% from CNY 68,684,572.66 in the previous period[26] - Basic earnings per share decreased to CNY 0.2365 from CNY 0.2652, reflecting a decline of 10.5%[26] - The company's total comprehensive income attributable to shareholders decreased to CNY 62,306,436.86 from CNY 66,549,748.85, a decline of 6.5%[26] - Net profit for the first three quarters of 2025 was a loss of CNY 11,996,724.86, compared to a profit of CNY 77,402,195.15 in the first three quarters of 2024[33] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥65,536,328.37, a significant decrease of 49.91% compared to the previous year[5] - The decrease in cash flow from operating activities was primarily due to increased expenditures on procurement, employee salaries, and taxes[9] - Cash flow from operating activities generated a net amount of CNY 65,536,328.37, down 49.9% compared to CNY 130,835,552.82 in the previous year[27] - Total cash and cash equivalents at the end of the period increased to CNY 234,423,843.82 from CNY 147,186,133.35, marking a significant improvement[28] - Cash flow from investing activities resulted in a net outflow of CNY 70,139,873.47, compared to a larger outflow of CNY 266,560,848.15 in the previous period[28] - Cash flow from financing activities generated a net inflow of CNY 84,572,341.80, a substantial increase from CNY 4,185,675.99 in the previous year[28] - Current assets totaled ¥1,291,082,449.89 as of September 30, 2025, compared to ¥1,042,058,635.18 at the end of 2024, representing an increase of 24.0%[20] - Cash and cash equivalents rose to ¥239,499,853.17 in 2025 from ¥163,516,464.64 in 2024, an increase of 46.3%[20] - Inventory levels increased significantly to ¥449,060,667.88 in 2025 from ¥332,728,203.56 in 2024, reflecting a growth of 34.9%[20] - Long-term receivables rose to ¥23,372,600.00 in 2025 from ¥16,296,600.00 in 2024, an increase of 43.3%[21] - The company's total assets reached ¥2,991,781,106.00 in 2025, up from ¥2,559,168,579.63 in 2024, indicating a growth of 16.9%[22] - Total liabilities increased to ¥1,377,891,692.48 in 2025 from ¥1,219,896,854.99 in 2024, marking a rise of 12.9%[22] - Total liabilities as of the end of the reporting period were CNY 219,115,041.14, slightly up from CNY 217,705,375.11 in the previous year[31] - Total equity increased to CNY 1,589,553,735.84 from CNY 1,391,236,810.55 year-over-year[31] - The company reported a significant increase in cash received from customers, totaling CNY 1,153,763,232.96, although it was slightly lower than CNY 1,168,133,267.59 in the previous year[27] Business Development and Strategy - The company is focusing on four core areas: industrial adhesive materials, new energy power batteries, 3C electronics, and automotive sectors, which are driving sales growth[13] - New product developments include the OCA series, with multiple products successfully passing customer verification and stable shipments[14] - The company is optimizing manufacturing costs by relocating production capacity from Jiangsu to Sichuan, enhancing profitability[15] - The subsidiary Beijing Jingzhi Gan is expanding its tactile sensing business, developing a complete product matrix with multi-modal sensors[16] - The company has established collaborations with leading robotics and rehabilitation firms in the domestic market, enhancing its application in medical scenarios[17] - The company plans to commence construction of a new high-end adhesive material production and R&D center in November, supporting long-term capacity expansion[15] - The company is actively engaging with North American clients for overseas market expansion, entering the sample exchange phase with several key customers[17] - The company is committed to continuous technology iteration and product performance enhancement through algorithm optimization and material upgrades[18] Investment Activities - Investment activities resulted in a net cash outflow of CNY 180,882,386.88 for the first three quarters of 2025, compared to a net outflow of CNY 111,474,155.46 in the same period of 2024[35] - The company raised CNY 222,237,302.60 from new investments in the first three quarters of 2025[35] - The company reported a significant increase in long-term borrowings, rising to CNY 57,320,000.00 from CNY 50,560,000.00[31] - The company's financial expenses decreased to CNY 1,870,576.39 from CNY 3,134,469.27 year-over-year[33]