Financial Performance - The company's operating revenue for Q3 2025 was ¥30,866,635.74, a decrease of 18.68% compared to the same period last year[4] - The total profit for the period was -¥13,560,034.51, reflecting a decline of 267.31% year-on-year[9] - The net profit attributable to shareholders was -¥11,566,386.82, down 249.76% from the previous year[9] - The basic earnings per share for the quarter was -¥0.14, a decrease of 255.56% year-on-year[5] - Net profit for the first three quarters of 2025 was a loss of CNY 19,523,162.84, compared to a profit of CNY 9,705,048.84 in the same period of 2024[20] - The company reported a basic and diluted earnings per share of CNY -0.23 for the current period, compared to CNY 0.12 in the previous year[21] Research and Development - Research and development (R&D) expenses totaled ¥16,633,449.02, an increase of 52.05% compared to the same quarter last year, representing 53.89% of operating revenue[5] - Research and development expenses rose to CNY 48,844,043.41, an increase of 31.8% from CNY 37,036,443.39 in the previous year[20] Cash Flow - The net cash flow from operating activities was -¥14,695,992.29 for the quarter, with no applicable year-on-year comparison[4] - The company reported a significant increase in cash flow from operating activities, with CNY 82,300,229.06 received from sales, compared to CNY 63,033,422.96 in the same period last year, representing a growth of 30.6%[22] - Net cash flow from operating activities was -$42,014,316.38, improving from -$50,799,209.75 year-over-year[23] - Cash inflow from investment activities reached $417,930,322.74, significantly up from $70,405,079.46[23] - Cash outflow from investment activities was $454,013,031.99, compared to $155,114,969.58 in the prior period[23] - Net cash flow from investment activities was -$36,082,709.25, an improvement from -$84,709,890.12 year-over-year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥819,614,119.70, a decrease of 4.69% from the end of the previous year[5] - The total liabilities amount to ¥35,443,532.18, down from ¥45,265,467.33[16] - The total current assets as of September 30, 2025, amount to ¥730,170,313.89, a decrease from ¥775,617,200.28 at the end of 2024[15] - The total assets of the company are ¥819,614,119.70, down from ¥859,989,449.60[16] - The total liabilities decreased to CNY 39,726,110.53 from CNY 48,671,084.67, indicating a reduction of approximately 18.9%[19] - The total equity attributable to shareholders decreased to CNY 779,888,009.17 from CNY 811,318,364.93, a decline of about 3.9%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,196[12] - The largest shareholder, Shandong Zhongchuang Software Engineering Co., Ltd., holds 21,450,000 shares, representing 25.22% of total shares[12] Impairment and Compensation - The company reported an increase in credit impairment losses on accounts receivable compared to the same period last year, contributing to the decline in net profit[10] - The company experienced a significant increase in credit impairment losses, which amounted to CNY -8,757,086.72, compared to CNY -5,137,801.14 in the previous year[20] - The company reported a significant decrease in employee compensation payable from ¥14,110,269.40 to ¥7,497,475.55[16] Other Financial Metrics - The weighted average return on net assets was -1.47%, a decrease of 2.46 percentage points year-on-year[5] - The company's cash and cash equivalents are reported at ¥186,995,525.70, compared to ¥358,161,119.60 at the end of 2024[15] - Accounts receivable increased to ¥281,327,761.30 from ¥260,977,407.19[15] - The company has no significant new product or technology developments mentioned in the reports[14]
中创股份(688695) - 2025 Q3 - 季度财报