九联科技(688609) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥659,394,577.25, representing a year-on-year increase of 21.65%[4] - The total profit for the period was a loss of ¥1,697,924.18, with a year-to-date loss of ¥145,068,029.49[4] - Net profit attributable to shareholders was ¥3,285,581.53 for the quarter, while the year-to-date figure showed a loss of ¥119,864,740.19[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,760,714,103.20, a decrease of 6.3% compared to CNY 1,878,642,322.74 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 144,320,575.29, compared to a loss of CNY 133,446,736.29 in 2024, indicating a worsening of 8.4%[20] - Net profit for the first three quarters of 2025 was a loss of CNY 126,686,606.65, compared to a loss of CNY 112,835,521.43 in 2024, representing an increase in loss of 12.3%[21] - The company reported a basic and diluted earnings per share of CNY -0.2417 for the first three quarters of 2025, compared to CNY -0.2128 in 2024[21] Cash Flow - The cash flow from operating activities for the year-to-date increased by 117.30%, amounting to ¥278,698,889.50[4] - Operating cash inflow from sales increased to approximately $1.94 billion, up from $1.78 billion, representing a growth of about 9.4% year-over-year[24] - Net cash flow from operating activities reached approximately $278.7 million, compared to $128.3 million in the previous period, indicating a significant increase of 117.5%[24] - Cash received from tax refunds increased significantly to approximately $12.6 million from $2.0 million, a growth of 522.5%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,263,393,770.16, reflecting a decrease of 11.65% compared to the end of the previous year[5] - Total liabilities as of the reporting date were CNY 2,398,831,665.24, down from CNY 2,784,722,779.59 in the previous year, a decrease of 13.8%[18] - Total equity attributable to shareholders was CNY 888,744,432.43, a decrease from CNY 926,408,833.33, reflecting a decline of 4.1%[18] - Current assets decreased to CNY 1,746,781,520.43 from CNY 2,380,113,481.74, reflecting a decline of approximately 26.6%[16] - Cash and cash equivalents dropped to CNY 167,857,381.18 from CNY 270,827,774.12, a decrease of about 38.0%[16] - Accounts receivable decreased to CNY 778,322,950.75 from CNY 997,367,010.72, representing a decline of approximately 21.9%[16] - Inventory decreased to CNY 460,272,522.88 from CNY 505,954,248.17, a reduction of about 9.0%[16] - Total current liabilities decreased to CNY 2,028,109,397.73 from CNY 2,391,712,484.15, a decline of approximately 15.2%[17] - Short-term borrowings decreased to CNY 588,232,111.13 from CNY 908,587,379.76, a reduction of about 35.2%[17] - Long-term borrowings increased slightly to CNY 329,100,246.83 from CNY 322,497,408.17, an increase of approximately 2.0%[17] Research and Development - Research and development expenses totaled ¥41,875,692.27, accounting for 6.35% of operating revenue, a decrease of 1.73 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 121,430,656.41, a slight decrease from CNY 131,130,639.37 in 2024, indicating a reduction of 7.0%[20] Other Financial Aspects - The company reported a significant reduction in credit impairment losses due to increased collection efforts on receivables, contributing to improved net profit[9] - The company recognized a government subsidy of ¥282,019.43 during the quarter, contributing positively to the financial results[7] - The company experienced a net loss from credit impairment of CNY 7,074,339.76, compared to a gain of CNY 23,492,991.95 in the previous year, showing a significant deterioration[20] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 50,405.37, up from CNY 16,425.12 in 2024, indicating an increase of 207.5%[21] Company Developments - The company has no significant new product launches or technological developments reported in the current period[14] - There are no significant mergers or acquisitions reported during the current period[14]