TCT(SH:688015)2025-10-28 09:25Financial Performance - The company's operating revenue for Q3 2025 reached ¥538,149,580.56, representing a year-on-year increase of 9.55%[3] - Total profit for the period was ¥60,048,442.39, a significant increase of 395.62% compared to the same period last year[3] - Net profit attributable to shareholders was ¥34,078,594.74, reflecting a year-on-year growth of 255.83%[3] - Basic earnings per share for the period were ¥0.18, an increase of 260.00% compared to the same period last year[3] - Net profit for the first three quarters of 2025 was CNY 120,884,510.35, a significant increase of 80.4% compared to CNY 67,069,360.44 in 2024[19] - Earnings per share for the first three quarters of 2025 were CNY 0.45, compared to CNY 0.16 in the same period of 2024, marking an increase of 181.25%[20] - The company reported a total comprehensive income of CNY 120,892,067.87 for the first three quarters of 2025, compared to CNY 66,955,270.27 in 2024, an increase of 80.7%[20] Cash Flow - The net cash flow from operating activities was -¥49,269,346.77, indicating a decline of 123.25% compared to the previous year[3] - In the first three quarters of 2025, the cash inflow from operating activities totaled approximately $1.45 billion, an increase from $1.41 billion in the same period of 2024[22] - The net cash outflow from operating activities was approximately -$380 million, compared to -$113.66 million in the previous year, indicating a significant decline in operational cash flow[23] - The cash inflow from investment activities was approximately $411.87 million, while cash outflow was about $391.67 million, resulting in a net cash inflow of approximately $20.20 million[23] - The total cash and cash equivalents at the end of Q3 2025 were approximately $997.54 million, down from $1.02 billion at the end of Q3 2024[24] - The company reported a cash outflow from financing activities of approximately -$98.30 million, compared to -$89.32 million in the same period last year[23] - The cash received from sales of goods and services was approximately $1.31 billion, slightly down from $1.36 billion in the previous year[22] - The company paid approximately $448.62 million in employee compensation, an increase from $436.06 million in the same period of 2024[23] - The company received approximately $18.89 million in tax refunds, significantly higher than $8.03 million in the previous year[22] - The cash outflow for purchasing fixed assets and other long-term assets was approximately $16.07 million, a decrease from $90.37 million in the same period of 2024[23] - The impact of exchange rate changes on cash and cash equivalents was a positive $32.89 thousand, contrasting with a negative impact of -$121.68 thousand in the previous year[24] Research and Development - Research and development expenses totaled ¥82,041,616.02, accounting for 15.25% of operating revenue, an increase of 3.34 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 amounted to CNY 199,561,197.84, up from CNY 171,221,724.09 in 2024, indicating a growth of 16.5%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,376,663,107.74, up 2.75% from the end of the previous year[4] - Total current assets as of September 30, 2025, amount to ¥4,886,617,693.10, an increase from ¥4,682,094,505.90 as of December 31, 2024[13] - Accounts receivable increased to ¥2,144,610,635.39 from ¥1,474,624,875.09 year-over-year[13] - Inventory stands at ¥852,051,566.64, compared to ¥830,087,985.33 in the previous period[14] - Total liabilities as of the end of the reporting period were CNY 3,583,290,061.66, an increase from CNY 3,475,077,799.51 in the previous year, reflecting a rise of 3.12%[16] - Total equity attributable to shareholders of the parent company was CNY 2,595,323,632.96, up from CNY 2,551,978,290.20, representing a growth of 1.69%[16] - Non-current assets total ¥1,490,045,414.64, a slight decrease from ¥1,524,046,241.45[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,022[11] - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., holds 31,978,822 shares, representing 16.95% of total shares[11] - The company has no significant changes in the top 10 shareholders or their shareholding status due to margin trading[12] - The company reported no related party transactions among the disclosed shareholders[12] Future Outlook - The company expects continued growth in revenue and profitability driven by personalized customer demands and competitive market conditions[8] Investment Performance - The company experienced a financial loss from investments amounting to CNY 9,239,449.67 in the first three quarters of 2025, compared to a loss of CNY 7,399,809.34 in 2024[19] - The company’s deferred income tax liabilities increased to CNY 1,506,762.30 from CNY 499,358.88, indicating a rise of 201.4%[16]