Financial Performance - The company's operating revenue for Q3 2025 reached ¥159,776,208.50, representing a 48.93% increase year-over-year[5] - The net profit attributable to shareholders was -¥7,671,844.56, a decline of 224.29% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,305,931.01, down 428.81% year-over-year[5] - The company's gross profit margin decreased, leading to a net profit decline of 590.95% year-over-year, primarily due to increased bad debt losses[9] - The net profit for the current period is -21,145,783.04, compared to -3,060,397.96 in the previous period, indicating a significant increase in losses[25] - Operating profit decreased to -25,282,336.71 from -5,645,056.59, reflecting a worsening operational performance[25] - The total comprehensive income attributable to the parent company was -19,211,379.88, compared to -4,679,923.52 previously, highlighting increased losses[26] - Basic and diluted earnings per share both stand at -0.1685, compared to -0.041 in the previous period, indicating a decline in profitability per share[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,628,176,580.49, an increase of 1.68% from the end of the previous year[5] - The total current assets as of September 30, 2025, were CNY 1,310,939,970.25, slightly down from CNY 1,321,236,036.21 at the beginning of the period[21] - The total liabilities increased to CNY 683,429,926.35 from CNY 630,050,270.99, reflecting a growth of approximately 8.4%[22] - Non-current assets totaled CNY 317,236,610.24, up from CNY 280,007,671.77, marking an increase of about 13.3%[22] - The company’s total equity decreased to CNY 944,746,654.14 from CNY 971,193,436.99, reflecting a decline of approximately 2.7%[22] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥31,974,830.48, a decrease of 235.49% compared to the same period last year[11] - Cash flow from operating activities showed a net outflow of -31,974,830.48, worsening from -9,530,771.49 in the previous period[28] - Investment activities resulted in a net cash outflow of -16,284,880.60, compared to -18,313,811.31 previously, indicating a slight improvement[28] - Financing activities generated a net cash inflow of ¥72,834,581.55, a 72.45% increase compared to the previous year, mainly due to increased loans for a specific project[11] - Financing activities generated a net cash inflow of 72,834,581.55, up from 42,234,026.32, reflecting increased financing efforts[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,975[13] - The largest shareholder, Yu Yongfang, holds 17.35% of shares, totaling 19,782,000 shares[13] - The second-largest shareholder, Ye Jianbiao, holds 16.76% of shares, totaling 19,110,000 shares[13] - A total of 57,027,914 shares were subject to lock-up agreements, with 13,056,750 shares released during the period[15] Corporate Developments - The company completed the election of the board of directors and supervisory board on February 11, 2025[16] - On February 20, 2025, the general manager Ye Jianbiao was placed under investigation but was released from detention on July 29, 2025[17] - 52,227,000 shares issued prior to the IPO were listed for trading on March 7, 2025[17] - The company established a wholly-owned subsidiary, Guizhou Huashi Technology Co., Ltd., with a registered capital of CNY 2,000,000, focusing on information system integration and AI application software development[6] Revenue and Costs - The total operating revenue for the current period reached CNY 353,370,234.61, compared to CNY 220,481,035.93 in the previous period, representing an increase of approximately 60%[24] - The total operating costs amounted to CNY 381,569,596.80, up from CNY 244,932,682.17 in the previous period, indicating a rise of about 55.5%[24] - The company reported a significant increase in sales expenses, rising to 10,169,142.73 from 9,211,172.43, which may impact future profitability[25] Inventory and Receivables - The company's inventory decreased by 3.61% to ¥322,864,773.59, reflecting a reduction in ongoing projects compared to the previous period[8] - The company reported a decrease in accounts receivable from CNY 313,167,970.30 to CNY 293,792,180.78, a decline of about 6.2%[20] - The company experienced a 61.62% decrease in investment income, amounting to ¥289,001.64, due to reduced returns from financial investments[9] Cash and Equivalents - The company reported a cash and cash equivalents rise to CNY 539,843,333.82 from CNY 517,146,463.26, showing an increase of approximately 4.3%[20] - The cash and cash equivalents at the end of the period amounted to 536,443,955.46, compared to 519,051,089.03 at the end of the previous period, showing a slight increase[28]
华是科技(301218) - 2025 Q3 - 季度财报