惠达卫浴(603385) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥785,150,322.82, a decrease of 12.09% compared to the same period last year[5]. - The total profit for the quarter was ¥171,456.31, down 99.62% year-on-year, while the profit for the year-to-date period decreased by 85.30% to ¥15,906,216.85[5][10]. - The net profit attributable to shareholders was a loss of ¥2,731,270.85 for the quarter, representing a decline of 108.25% compared to the previous year[5][11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥17,489,891.11, a decrease of 196.84% year-on-year[5][11]. - The basic earnings per share for the quarter was -¥0.0072, down 108.27% from the same period last year[6][11]. - Total operating revenue for the first three quarters of 2025 was CNY 2,209,969,855, a decrease of 10.7% compared to CNY 2,475,148,940.72 in the same period of 2024[20]. - Operating profit for the first three quarters of 2025 was CNY 10,140,809.35, significantly lower than CNY 108,994,611.14 in 2024, indicating a decline of 90.7%[21]. - Net profit for the first three quarters of 2025 was CNY 7,977,134.14, compared to CNY 85,684,082.70 in 2024, representing a decrease of 90.7%[21]. - Earnings per share for the first three quarters of 2025 was CNY 0.0400, down from CNY 0.2448 in the same period of 2024[22]. - The total comprehensive income for the first three quarters of 2025 was CNY 7,944,908.66, down from CNY 85,684,082.70 in 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,121,507,671.11, a decrease of 7.48% compared to the end of the previous year[6]. - Total assets as of September 30, 2025, amounted to RMB 5,121,507,671.11, a decrease from RMB 5,535,670,035.12 as of December 31, 2024, reflecting a decline of approximately 7.5%[17]. - Current assets totaled RMB 2,431,978,153.36, down from RMB 2,955,783,587.74, indicating a decrease of about 17.7%[17]. - Total liabilities as of September 30, 2025, were RMB 1,128,032,451.45, down from RMB 1,482,229,824.43, indicating a decrease of about 23.8%[18]. - Total liabilities as of the end of the reporting period were CNY 1,277,305,967.05, a decrease from CNY 1,643,802,204.23 in the previous year[19]. - Total equity attributable to shareholders was CNY 3,753,720,729.36, slightly down from CNY 3,782,147,050.91 in the previous year[19]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥138,595,187.92, down 33.40% year-on-year[6][10]. - Operating cash flow from operating activities was net positive at ¥138,595,187.92, down from ¥208,097,163.89 year-over-year, indicating a decrease of approximately 33.4%[25]. - Cash inflow from investment activities totaled ¥746,005,807.51, compared to ¥869,698,915.98 in the previous period, reflecting a decline of about 14.2%[26]. - Net cash flow from financing activities was negative at -¥128,448,110.39, slightly worse than the previous year's -¥119,657,059.15, indicating a deterioration of around 2.6%[26]. - The total cash and cash equivalents at the end of the period decreased to ¥193,792,490.20 from ¥550,624,734.78, representing a significant drop of approximately 64.8%[26]. - Cash inflow from sales of goods and services was ¥2,320,931,728.60, down from ¥2,524,598,825.16, marking a decrease of about 8.1%[25]. - Total cash outflow from operating activities was ¥2,293,118,774.45, compared to ¥2,414,573,676.80 in the previous year, showing a reduction of approximately 5.0%[25]. - Cash inflow from the recovery of investments was ¥718,230,299.86, down from ¥833,919,914.20, indicating a decline of around 13.8%[26]. - Cash outflow for the purchase of fixed assets and intangible assets was ¥18,122,091.77, compared to ¥24,897,912.35, reflecting a decrease of approximately 27.1%[26]. - The company reported a cash inflow from financing activities of ¥10,150,000.00, a significant drop from ¥53,076,001.00 in the previous year, representing a decline of about 80.9%[26]. Market Conditions and Strategic Plans - The company reported a significant decline in gross profit and revenue due to adverse domestic and international market conditions[10][11]. - The company plans to address the challenges posed by the market environment through strategic adjustments and potential new product developments[10]. - The company has no significant new strategies or product developments mentioned in the conference call[15]. Shareholder Information - The company reported no changes in the top 10 shareholders or their holdings due to margin trading activities[14].