科创新源(300731) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2025 reached ¥298,288,289.32, representing a 37.21% increase year-over-year[5] - Net profit attributable to shareholders was ¥9,429,283.45, up 20.32% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥9,429,861.64, reflecting a 9.71% increase year-over-year[5] - The basic earnings per share (EPS) for the period was ¥0.07, a 16.67% increase from the previous year[5] - Operating revenue for the first nine months of 2025 reached ¥838,841,878.90, a 41.45% increase compared to ¥593,040,961.42 in the same period of 2024[13] - Operating profit surged to ¥39,509,497.79, reflecting a 204.16% increase from ¥12,989,721.76 in the previous year, driven by rapid growth in the new energy business[14] - Net profit for the first nine months of 2025 was ¥32,955,739.71, a significant increase of 279.50% from ¥8,683,906.89 in 2024[14] - Total profit for the first nine months of 2025 was ¥37,962,288.28, up 202.33% from ¥12,556,408.81 in the same period last year[14] Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date was ¥41,358,607.13, showing a significant increase of 93.13%[5] - The company's cash and cash equivalents increased by 59.01% to ¥196,516,380.56, attributed to cash inflows from operations and new bank loans[11] - The net increase in cash and cash equivalents was ¥79,491,717.99, a remarkable increase of 9223.99% compared to a decrease of ¥871,238.54 in the previous year[16] - The company's total assets at the end of the reporting period were ¥1,227,411,189.06, a decrease of 1.48% from the end of the previous year[5] - The company’s cash and cash equivalents increased to RMB 196,516,380.56 from RMB 123,588,136.42, representing a growth of 58.8%[34] Liabilities and Financial Expenses - The company’s long-term borrowings decreased by 38.02% to ¥9,700,000.00, primarily due to repayments[11] - Financial expenses rose by 98.85% to ¥10,051,303.78, primarily due to increased bank loan interest and higher discount interest on notes[13] - The company’s total liabilities decreased to RMB 556,223,871.64 from RMB 582,515,237.29, a reduction of 4.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,420, with the largest shareholder holding 17.48% of the shares[17] - The controlling shareholder and actual controller have pledged a total of 14,340,000 shares, accounting for 11.34% of the company's total share capital of 126,431,804 shares[26] - The former major shareholder, Sanya Rongshengye Fund, reduced its holdings by 178,500 shares, representing 0.14118% of the total share capital[28] Business Operations and Strategy - The company’s main business focuses on the research, production, and sales of polymer materials and thermal management systems, covering sectors such as communication, power, traditional home appliances, automotive, new energy vehicles, and data centers[22] - The company has achieved revenue and profit growth by focusing on the development of thermal management solutions and products in the new energy vehicle and artificial intelligence sectors[22] - The company has successfully completed customer technical certification for European-style guide groove process products, entering mass delivery phase in Q3 2025, leading to rapid revenue growth[23] - The company has strengthened its cooperation with major clients like CATL and expanded its market reach to international clients such as BMW, LG, and Samsung[23] - The company has adopted a dual-driven production model through collaborative manufacturing and independent production and sales in the data center thermal management sector[23] - The company is committed to creating more value for its core customer base by leveraging its existing advantages in polymer materials technology and products[22] Corporate Governance - The company held a shareholder meeting on July 29, 2025, to approve amendments to its articles of association, eliminating the supervisory board and empowering the audit committee of the board of directors[25] - The company has completed the registration and filing procedures for the changes in corporate governance structure during the reporting period[25] Investments and Acquisitions - The company is in the process of acquiring Dongguan Zhaoke Electronic Materials Technology Co., Ltd., with ongoing cooperation and communication between both parties[30] - The subsidiary Shenzhen Hangchuang has filed an appeal against a civil judgment, which is currently under review by the intermediate court[30] - The company’s subsidiary, Ruitek, has signed an investment agreement with the Chongqing Huxi High-tech Industrial Development Zone Management Committee[30] - Ruitek plans to transfer 21% of its stake in Ruiwei Automotive for RMB 3.6 million, reducing its ownership to 30%[30] Other Financial Metrics - The company reported total operating revenue of RMB 838,841,878.90 for the current period, an increase of 41.5% compared to RMB 593,040,961.42 in the previous period[37] - Total operating costs for the current period were RMB 805,237,019.02, up from RMB 574,452,735.26, reflecting a growth of 40.1%[37] - The company’s net profit attributable to shareholders was impacted by a government subsidy of RMB 1.9 million, which accounted for 11.00% of the net profit for the last audited fiscal year[32] - The company’s long-term equity investments increased to RMB 28,184,167.43 from RMB 20,829,660.51, a growth of 35.2%[35] - The company’s inventory decreased to RMB 139,308,492.36 from RMB 146,559,489.89, a decline of 4.9%[34] - The company reported cash inflows from sales of CNY 678,323,169.48, an increase from CNY 517,483,912.02 in the previous period, which is a growth of approximately 31%[40] - The total comprehensive income for the current period is CNY 33,088,773.34, compared to CNY 9,907,351.45 in the previous period, indicating an increase of about 234%[39] - Basic and diluted earnings per share have both increased to CNY 0.21 from CNY 0.08, representing a growth of 162.5%[39] - The cash flow from operating activities has improved to CNY 41,358,607.13, up from CNY 21,414,893.64, reflecting a growth of about 93%[40] - The company has reported a significant decrease in credit impairment losses, which are CNY 3,269,354.48 compared to CNY 659,984.94 in the previous period[38]