YEIC(SZ:002053)2025-10-28 12:00Financial Performance - The company's operating revenue for Q3 2025 was ¥328,201,211.12, a decrease of 55.01% year-on-year, and for the year-to-date period, it was ¥1,922,853,582.19, down 25.54% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2025 was -¥84,258,980.70, reflecting a significant decline of 12,610.82% year-on-year, while the year-to-date net profit was ¥226,908,669.15, down 60.12%[5]. - Total profit decreased by 58.52% to CNY 245,150,012.56, influenced by lower sales volume in the new energy sector[16]. - The company's net profit for the current period is CNY 216,436,990.46, a decrease of 60.15% compared to CNY 543,437,054.17 in the previous period[33]. - Operating profit for the current period is CNY 236,232,401.90, down 60.00% from CNY 590,793,328.09 in the previous period[33]. - The basic earnings per share decreased by 60.12% to CNY 0.2464, reflecting the decline in net profit[17]. - The company reported a basic earnings per share of CNY 0.2464, down 60.19% from CNY 0.6179 in the previous period[34]. - The company reported a total comprehensive income of CNY 216,436,990.46, a decrease of 60.15% compared to CNY 543,437,054.17 in the previous period[34]. Asset and Liability Changes - The company's total assets decreased by 18.19% from the beginning of the year, amounting to ¥15,336,892,757.77 at the end of the reporting period[5]. - Current assets decreased to ¥3,379,686,942.94 from ¥4,569,181,419.64, representing a decline of 26%[28]. - Total liabilities decreased from ¥10,302,639,184.28 to ¥7,799,098,695.68, a reduction of 24.4%[30]. - Non-current assets decreased from ¥14,178,701,206.75 to ¥11,957,205,814.83, a decline of 15.6%[30]. - The company's equity attributable to shareholders decreased from ¥7,419,979,520.19 to ¥7,406,761,874.00, a slight decline of 0.2%[30]. Cash Flow and Financial Activities - Cash and cash equivalents decreased by 52.86% to ¥1,174,586,160.41 from ¥2,491,512,107.52 due to the exclusion of Yunnan Natural Gas Co., Ltd. from the consolidated scope[14]. - Cash flow from financing activities increased significantly by 421.63% to CNY 33,311,037.11, driven by net loan inflows[17]. - The net cash flow from operating activities increased to CNY 1,228,049,867.88, up 39.19% from CNY 882,173,332.49 in the previous period[36]. - Investment activities resulted in a net cash outflow of CNY 2,569,205,540.15, compared to a net outflow of CNY 2,308,309,592.92 in the previous period[36]. Operational Performance - The company's renewable energy generation decreased by 12.43% year-on-year, and electricity sales dropped by 13.43%[5]. - The average wind speed at the company's wind farms decreased by 1.04 m/s, contributing to a 16% year-on-year decline in wind power generation in the province[11]. - The company achieved a 9.35% year-on-year increase in salt sales outside the province, maintaining an 80% market share in the provincial salt market[13]. - The total operating revenue for the current period is ¥1,922,853,582.19, a decrease of 25.6% compared to ¥2,582,296,461.09 in the previous period[32]. - The total operating costs for the current period amount to ¥1,729,431,906.16, down 14.7% from ¥2,026,570,566.55 in the previous period[32]. Governance and Management - The company has optimized its governance and management structure, focusing resources on the development of its core renewable energy business[13]. - The company has passed the certification for compliance management systems according to international and national standards, enhancing its governance framework[13]. Investments and Projects - The company is advancing the construction of new energy projects, with a total installed capacity of 2,257.25 MW in operation and 495.4 MW under construction[12]. - The company obtained development rights for three wind power projects and one photovoltaic power project in May 2025[21]. - The company completed a capital increase to Yunnan Shale Gas Exploration and Development Co., with the natural gas subsidiary no longer included in the consolidated financial statements as of April 30, 2025[22]. - The company issued 800 million RMB of convertible bonds with a coupon rate of 0.10%, completed on June 9, 2025, with a conversion price of 16 RMB per share[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,191[18]. - The company’s major shareholder, Yunnan Energy Investment Group, holds a 32.65% stake[18]. Ratings and Certifications - The company received an AAA credit rating from Shanghai New Century Credit Rating Co., with a stable outlook, valid until June 27, 2026[21].