TANDE(SH:600665)2025-10-28 09:35Financial Performance - The company's operating revenue for the third quarter was CNY 416,035,339.50, a decrease of 25.00% compared to the same period last year[5]. - The total profit for the quarter was a loss of CNY 102,766,707.29, representing a decline of 157.06% year-on-year[5]. - The net profit attributable to shareholders was a loss of CNY 95,164,280.90, down 173.75% from the previous year[5]. - The basic earnings per share for the quarter was -CNY 0.1101, a decrease of 173.74% compared to the same period last year[6]. - The net profit for the first three quarters of 2025 was a loss of CNY 167,531,558.77, compared to a profit of CNY 120,414,634.88 in the same period of 2024[20]. - The basic earnings per share for the first three quarters of 2025 was -CNY 0.2540, compared to CNY 0.1161 in the same period of 2024[20]. - The company reported an operating loss of CNY 161,501,333.87 for the first three quarters of 2025, compared to an operating profit of CNY 149,578,634.86 in the same period of 2024[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 25,346,091,878.81, a decrease of 10.55% from the end of the previous year[6]. - The company's total liabilities decreased to CNY 21,751,838,591.84 from CNY 24,563,689,305.18, reflecting a reduction of 11.06%[18]. - The total equity attributable to shareholders decreased to CNY 2,655,974,258.16 from CNY 2,875,503,227.95, a decline of 7.66%[18]. - The company's total assets as of September 30, 2025, are ¥25,346,091,878.81, compared to ¥28,335,517,502.42 at the end of 2024[16]. Cash Flow and Financial Activities - The cash flow statement for the first three quarters of 2025 indicates a need for further analysis to assess liquidity and operational efficiency[21]. - In the first three quarters of 2025, the net cash flow from operating activities was ¥714,792,069.31, a significant decline compared to a net cash outflow of ¥562,581,036.67 in the same period of 2024[22]. - The net cash flow from financing activities for the first three quarters of 2025 was -¥2,235,064,893.92, compared to -¥399,595,873.46 in 2024, reflecting a worsening financing situation[23]. - The total cash and cash equivalents at the end of the first three quarters of 2025 stood at ¥2,155,186,699.34, down from ¥3,916,034,707.18 at the end of the same period in 2024[23]. Operational Efficiency and Future Plans - The company reported a significant increase in interest expenses and sales costs, impacting net profit and earnings per share negatively[10]. - The weighted average return on net assets decreased by 6.8 percentage points to -3.52% for the quarter[6]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,971[13]. - The largest shareholder, Xi'an High-tech Zone Real Estate Development Co., Ltd., holds 497,000,938 shares, accounting for 57.52% of the total shares[13]. Inventory and Current Assets - The company's inventory as of September 30, 2025, is ¥18,256,766,747.91, down from ¥20,695,094,959.11[16]. - Total current assets decreased to ¥23,593,959,753.90 from ¥27,302,127,441.25 year-over-year[16]. - The company has a total of 1,120,561,413.21 in other receivables, down from ¥1,306,285,911.98[16]. Financial Expenses - Financial expenses rose significantly to CNY 259,501,594.75, compared to CNY 118,244,789.40 in the previous year, marking an increase of 119.73%[19]. - The company reported a significant increase in cash paid to employees, which rose to ¥134,766,769.77 in 2025 from ¥246,881,901.40 in 2024[22].