生益电子(688183) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 reached ¥3,060,224,687.25, representing a year-on-year increase of 153.71%[4] - Total profit for the period was ¥668,912,126.08, reflecting a significant increase of 606.51% compared to the same period last year[4] - Net profit attributable to shareholders was ¥584,163,923.25, up 545.95% year-on-year[4] - Basic earnings per share for the quarter were ¥0.71, representing a 545.45% increase compared to the same period last year[4] - The net profit for the first three quarters of 2025 reached ¥1,114,677,828.12, a significant increase compared to ¥186,523,599.99 in the same period of 2024, representing a growth of approximately 497.5%[27] - Operating profit for the first three quarters of 2025 was ¥1,259,167,039.02, compared to ¥189,779,984.48 in 2024, indicating a growth of about 563.5%[27] - Total comprehensive income attributable to the parent company for the first three quarters of 2025 was ¥1,122,313,071.54, compared to ¥192,222,256.75 in 2024, reflecting an increase of approximately 484.5%[28] - The company's total revenue for the first three quarters of 2025 reached ¥6,600,213,341.51, a significant increase of 113.0% compared to ¥3,090,772,010.18 in the same period of 2024[36] - The net profit for the first three quarters of 2025 was ¥1,018,783,982.92, compared to ¥171,479,406.39 in the first three quarters of 2024, reflecting a growth of 494.5%[36] Research and Development - The company invested ¥132,134,939.90 in R&D during the quarter, an increase of 59.70% compared to the same period last year[5] - Research and development expenses for the first three quarters of 2025 amounted to ¥326,755,017.94, up from ¥198,919,847.08 in 2024, reflecting a growth of approximately 64.2%[26] - The company's R&D expenses for the first three quarters of 2025 were ¥284,963,040.91, compared to ¥168,657,740.20 in the same period of 2024, showing an increase of 69.0%[36] - The proportion of R&D investment to operating revenue decreased by 2.54 percentage points to 4.32%[5] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥11,217,854,346.88, a 45.96% increase from the end of the previous year[5] - The company's total assets as of September 30, 2025, were ¥11,217,854,346.88, compared to ¥7,685,549,652.77 at the end of 2024, marking an increase of about 46.5%[23] - Current assets totaled ¥5,930,374,636.09 as of September 30, 2025, compared to ¥3,559,364,009.84 at the end of 2024, representing a growth of approximately 66.6%[21] - Total liabilities as of September 30, 2025, were ¥6,059,589,611.89, up from ¥3,412,362,868.41 at the end of 2024, indicating an increase of about 77.5%[22] - The company's equity attributable to shareholders reached ¥5,158,264,734.99 as of September 30, 2025, compared to ¥4,273,186,784.36 at the end of 2024, representing an increase of approximately 20.7%[23] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥807,562,731.60, an increase of 144.17%[4] - Cash flow from operating activities for the first three quarters of 2025 was ¥807,562,731.60, up from ¥330,737,359.16 in 2024, marking a growth of about 143.8%[31] - The total cash inflow from operating activities in the first three quarters of 2025 was ¥5,591,874,178.04, compared to ¥3,074,620,311.24 in 2024, an increase of approximately 82.0%[30] - The cash outflow from operating activities for the first three quarters of 2025 was ¥4,784,311,446.44, compared to ¥2,743,882,952.08 in 2024, representing an increase of about 74.0%[31] - The company reported a net cash increase of ¥271,797,154.55 in the first three quarters of 2025, compared to a decrease of ¥48,193,938.41 in 2024[31] Shareholder Information - The company has approved a share repurchase plan with a total amount not less than RMB 50 million and not exceeding RMB 100 million, with a maximum repurchase price of RMB 43.02 per share[14] - The company’s repurchase account holds 8,234,269 shares, accounting for 0.99% of the total share capital[13] - The company’s major shareholders include Guangdong Shengyi Technology Co., Ltd. with 523,482,175 shares, representing a significant portion of the total shares[12] - The top ten unrestricted shareholders hold a total of 634,000,000 shares, indicating concentrated ownership[12] Future Projects - The company plans to invest approximately RMB 19 billion in the smart manufacturing high-layer circuit board project, with an additional investment of about RMB 17.5 billion for the new phase[18] - The project aims to produce 700,000 square meters of printed circuit boards annually upon completion, with each phase targeting 350,000 square meters per year[18] - The first phase of the project is scheduled for trial production in 2026, while the second phase is set for 2027[18] - The company is focused on optimizing resource allocation and enhancing market responsiveness through the new project[18]