Shanghai Yashi(SH:603329)2025-10-29 08:00Financial Performance - The company's operating revenue for the third quarter was ¥540,314,432.01, a decrease of 69.23% compared to the same period last year[3]. - The total profit for the third quarter was ¥10,029,644.03, down 63.00% year-on-year[3]. - The net profit attributable to shareholders was ¥5,515,629.98, reflecting a decline of 69.64% compared to the previous year[3]. - The net profit excluding non-recurring gains and losses for the year-to-date was ¥3,726,726.29, a decrease of 66.44% year-on-year[3]. - The basic earnings per share for the third quarter was ¥0.03, down 66.67% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 2,584,403,526.80, a decrease of 15.5% compared to CNY 3,059,862,349.77 in the same period of 2024[15]. - Net profit for the first three quarters of 2025 was CNY 23,928,648.86, a decline of 21.9% from CNY 30,635,307.68 in 2024[16]. - The company reported a total comprehensive income of CNY 14,196,734.44 for the first three quarters of 2025, down from CNY 25,668,904.01 in 2024, a decrease of 44.6%[16]. - Basic earnings per share for the first three quarters of 2025 were CNY 0.13, compared to CNY 0.16 in the same period of 2024, a decrease of 18.8%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,081,498,226.28, an increase of 2.68% from the end of the previous year[3]. - Total current assets as of September 30, 2025, amount to ¥1,548,943,734.60, an increase from ¥1,534,576,409.38 as of December 31, 2024[12]. - Total assets as of September 30, 2025, are ¥3,081,498,226.28, compared to ¥3,001,160,208.31 as of December 31, 2024[13]. - Total current liabilities as of September 30, 2025, are ¥1,302,167,629.21, up from ¥1,178,276,656.85 as of December 31, 2024[13]. - The company's total liabilities increased to CNY 1,895,929,413.39 in 2025 from CNY 1,716,206,592.37 in 2024, representing an increase of 10.5%[14]. - The total equity attributable to shareholders decreased to CNY 1,108,954,628.06 in 2025 from CNY 1,118,917,694.55 in 2024, a decline of 0.8%[14]. Cash Flow - Cash flow from operating activities for the first three quarters of 2025 was negative at CNY -63,446,666.30, an improvement from CNY -220,518,720.50 in 2024[18]. - The company’s cash inflow from operating activities totaled CNY 4,973,711,569.55, an increase from CNY 3,516,658,893.70 in 2024[18]. - The net cash flow from investing activities was CNY -140,898,135.11 in 2025, worsening from CNY -99,348,399.77 in 2024[18]. - Net cash flow from financing activities was $214.36 million, a decrease from $570.66 million in the previous period[19]. - Total cash inflow from financing activities amounted to $1.45 billion, compared to $796.88 million last year[19]. - Cash outflow for debt repayment was $1.08 billion, significantly higher than $180.63 million in the prior period[19]. - The ending balance of cash and cash equivalents was $463.24 million, down from $691.89 million year-over-year[19]. - The company received $1.45 billion in borrowings, an increase from $795.60 million in the previous year[19]. - Cash dividends and interest payments totaled $32.96 million, compared to $42.12 million last year[19]. - The impact of exchange rate changes on cash and cash equivalents was a negative $2.36 million[19]. Business Strategy and Market Conditions - The decline in revenue and profits was attributed to reduced business activity due to complex international conditions and economic challenges[7]. - The company plans to adjust its business model to improve efficiency and profitability in response to market conditions[7]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,797[9]. - Hubei International Trade Group Co., Ltd. holds 26.00% of shares, totaling 53,664,000 shares[9]. - Jiangsu Yashi Investment Group Co., Ltd. holds 18.98% of shares, totaling 39,166,570 shares, with 18,200,000 shares pledged[9]. Fixed Assets - The company has a total of ¥734,509,042.24 in fixed assets as of September 30, 2025[12]. - The company’s cash and cash equivalents amount to ¥465,877,612.01 as of September 30, 2025, compared to ¥459,707,423.68 as of December 31, 2024[12]. - The company’s accounts receivable increased to ¥450,400,409.04 as of September 30, 2025, from ¥334,069,110.17 as of December 31, 2024[12]. Accounting Standards - The company did not apply new accounting standards starting from 2025[20].