SEWPG(SH:688660)2025-10-28 10:30Financial Performance - The company's operating revenue for the third quarter was ¥1,598,772,594.34, a decrease of 16.58% compared to the same period last year[3] - The total profit for the third quarter was -¥523,659,755.38, with a year-to-date total profit of -¥726,435,106.53[3] - The net profit attributable to shareholders for the third quarter was -¥452,744,597.58, and year-to-date it was -¥731,666,756.79[3] - Total operating revenue for the first three quarters of 2025 reached ¥4,262,281,449.79, a significant increase of 36.1% compared to ¥3,134,871,098.27 in the same period of 2024[16] - The net loss for the first three quarters of 2025 was ¥737,130,708.32, compared to a net loss of ¥477,204,502.87 in 2024, representing a deterioration of 54.4%[17] - The company’s total comprehensive loss for the first three quarters of 2025 was ¥736,889,213.63, compared to a loss of ¥477,657,911.91 in 2024[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥33,916,249,174.53, representing a 16.13% increase from the end of the previous year[4] - The company's total assets reached CNY 33,916,249,174.53, up from CNY 29,205,008,726.80[13] - Total liabilities increased to CNY 29,516,690,691.08 from CNY 24,081,186,510.10[14] - The company's total liabilities reached CNY 27,675,803,692.95, an increase from CNY 24,420,243,766.13 at the end of 2024, marking a rise of 9.2%[22] - The total equity decreased to CNY 4,092,733,051.02 as of September 30, 2025, down from CNY 4,654,243,989.27 at the end of 2024, reflecting a decline of 12.1%[23] Cash Flow - The net cash flow from operating activities for the third quarter was -¥825,426,366.89, a significant decrease of 550.45% compared to the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥608,732,035.94 in 2025, an improvement from a net outflow of ¥2,346,795,889.77 in 2024[19] - Net cash flow from operating activities was -CNY 653.68 million, an improvement from -CNY 2.70 billion year-over-year[27] - Total cash inflow from financing activities in 2025 was ¥1,236,697,207.27, a decrease from ¥3,143,079,376.68 in 2024[20] Shareholder Information - The company reported a total of 41,384 common shareholders at the end of the reporting period[9] - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 61.4% of the shares, totaling 818,666,636 shares[9] Research and Development - Research and development expenses totaled ¥149,787,500.32 for the quarter, accounting for 9.37% of operating revenue, a decrease of 1.63 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were CNY 386,572,575.02, slightly down from CNY 417,317,342.38 in the same period of 2024[25] Orders and Backlog - The company reported a total of 8,397.85 MW in new orders, representing a year-over-year increase of 17.49%[11] - The cumulative backlog of orders reached 22,200.20 MW, up 52.41% compared to the same period last year[11]