SHHG(SH:603131)2025-10-28 10:05Financial Performance - Revenue for the third quarter was CNY 210,195,056.08, a decrease of 15.26% compared to the same period last year[4] - Total profit for the quarter was a loss of CNY 6,989,641.86, representing a decline of 167.78% year-over-year[4] - Net profit attributable to shareholders was a loss of CNY 6,763,348.84, down 187.12% from the previous year[4] - The net cash flow from operating activities for the quarter was a negative CNY 4,160,192.96, a decrease of 108.02% compared to the same period last year[4] - Basic and diluted earnings per share were both CNY -0.021, reflecting a decrease of 205.00% year-over-year[5] - The total profit for the year-to-date was CNY 8,344,890.23, down 84.54% compared to the same period last year[4] - Operating profit for the first three quarters of 2025 was CNY 7,560,197.28, significantly lower than CNY 50,519,987.59 in 2024, indicating a decline of 85.1%[19] - Net profit for the first three quarters of 2025 was a loss of CNY 731,999.13, compared to a profit of CNY 45,505,487.64 in 2024[19] - Earnings per share for the first three quarters of 2025 were CNY -0.006, down from CNY 0.15 in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,096,042,768.23, down 5.97% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 2,096,042,768.23, a decrease from CNY 2,229,052,021.83 as of December 31, 2024[15] - Current assets totaled CNY 1,656,311,493.26, down from CNY 1,762,646,166.74 in the previous period[15] - Total liabilities decreased to CNY 848,233,177.02 from CNY 985,901,696.11, showing a reduction of approximately 13.9%[16] - Total liabilities as of the end of the reporting period were CNY 870,112,547.10, a decrease from CNY 1,000,089,893.59 in the previous year[17] - Total equity as of the end of the reporting period was CNY 1,225,930,221.13, slightly down from CNY 1,228,962,128.24 in the previous year[17] Cash Flow - The net cash flow from investment activities was -$340,420,024.75, slightly improved from -$343,354,936.87 year-over-year[24] - Cash and cash equivalents at the end of the period totaled $128,841,719.92, down from $417,014,008.31 at the end of the previous period[24] - Total cash inflow from investment activities was $2,222,356,884.32, significantly higher than $276,759,938.58 in the prior period[24] - Cash inflow from sales of goods and services was $675,286,893.01, compared to $720,621,927.75 in the previous period, reflecting a decline of 6.3%[23] - Total cash outflow from operating activities was $750,427,955.34, a decrease of 1.4% from $761,412,006.43 in the prior period[23] Shareholder Information - The company reported a total of 47,067 common shareholders at the end of the reporting period[11] - The top shareholder, Miao Liping, holds 19.30% of the shares, totaling 61,358,455 shares[11] - The company has not engaged in any share lending or borrowing activities during the reporting period[12] Operational Insights - The company reported a decrease in revenue and net profit primarily due to credit impairment losses and poor performance from associated companies[8] - Research and development expenses for the first three quarters of 2025 were CNY 36,972,148.93, a slight decrease from CNY 38,036,397.07 in 2024[19] - The company reported a significant increase in financial expenses, which rose to CNY 10,940,440.60 from CNY 3,678,297.52 in the previous year[19] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[25]