双环传动(002472) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥2,237,274,051.10, a decrease of 7.56% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was ¥321,243,293.28, an increase of 21.22% year-on-year[5] - The basic earnings per share for Q3 2025 was ¥0.38, reflecting a growth of 22.58% compared to the previous year[5] - Total operating revenue for the current period is ¥6,466,372,998.15, a decrease of 4.1% from ¥6,742,599,834.31 in the previous period[21] - Net profit for the current period is ¥952,420,557.88, an increase of 24.2% compared to ¥766,681,539.62 in the previous period[22] - Earnings per share increased to ¥1.06, up from ¥0.86 in the previous period[22] - The company reported a total profit of ¥1,083,102,786.87, up from ¥888,450,140.53, marking a growth of 22%[22] Assets and Liabilities - Total assets at the end of Q3 2025 reached ¥18,338,860,578.92, representing a 15.58% increase from the end of the previous year[5] - The total assets of the company reached ¥18,338,860,578.92 as of September 30, 2025, an increase from ¥15,866,594,312.81 at the beginning of the period, reflecting a growth of approximately 15.5%[18] - Current assets totaled ¥8,337,299,849.64, up from ¥6,803,194,953.75, indicating a growth of about 22.5%[19] - Total liabilities increased to ¥8,237,189,477.16, up from ¥6,628,309,122.79, reflecting a growth of 24.2%[20] - The company’s total liabilities increased significantly, with short-term borrowings rising by 63.94% to ¥3,250,096,627.48[10] - Short-term borrowings rose to ¥3,250,096,627.48 from ¥1,982,510,632.64, marking an increase of about 64.1%[19] Cash Flow - The company reported a net cash flow from operating activities of ¥1,297,894,691.04 for the year-to-date, an increase of 25.08%[5] - Operating cash flow for the period reached ¥1,297,894,691.04, an increase of 25.1% compared to ¥1,037,673,270.44 in the previous period[23] - Total cash inflow from operating activities was ¥7,962,439,539.21, up from ¥6,462,699,223.36, reflecting a growth of 23.2%[23] - Cash outflow from operating activities totaled ¥6,664,544,848.17, compared to ¥5,425,025,952.92, representing an increase of 22.8%[23] - Cash inflow from financing activities was ¥3,628,467,574.83, an increase of 49.7% from ¥2,425,592,570.13[24] - Net cash flow from financing activities reached ¥1,407,792,243.65, compared to ¥322,395,312.79, indicating a significant increase of 336.5%[24] - The ending balance of cash and cash equivalents was ¥2,673,293,906.48, up from ¥1,005,134,012.08, marking a growth of 166.6%[24] Investments and Expenses - The company’s long-term equity investments increased by 31.26% to ¥38,813,261.92 due to increased investments in joint ventures[10] - The company reported a decrease in non-operating income from asset disposals, with a loss of ¥5,992,263.64, a 513.03% increase in losses compared to the previous year[10] - Research and development expenses rose to ¥355,063,220.48, an increase of 9.5% from ¥323,720,017.14[22] - The company’s inventory stood at ¥2,058,366,268.69, slightly up from ¥2,031,031,305.95, showing a modest increase of about 1.3%[19] Shareholder Information - The company reported a total of 10 major shareholders, with the largest being Hong Kong Central Clearing Limited, holding 139,710,210 shares[13] IPO Plans - The company plans to spin off its subsidiary, Zhejiang Huan Dong Robot Joint Technology Co., Ltd., for an IPO on the Shanghai Stock Exchange, which is expected to enhance operational specialization and shareholder value[15] - The subsidiary's IPO application has been accepted by the Shanghai Stock Exchange, indicating progress in the spin-off process[16]