国林科技(300786) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥127,309,563.39, a decrease of 5.63% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥7,845,520.13, representing an increase in loss of 26.32% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥14,740,744.18, down 33.71% from the previous year[5] - The basic earnings per share for the period was -¥0.05, an increase in loss of 16.67% compared to the same period last year[5] - The total comprehensive loss for the period was ¥18,960,583.26, a decrease in loss of 50.82% compared to the previous year[10] - The net profit for the current period was a loss of ¥18,960,583.26, an improvement from a loss of ¥38,555,558.15 in the previous period, indicating a reduction in losses by 50.8%[25] - The total comprehensive income for the current period was -¥18,960,583.26, compared to -¥38,555,558.15 in the previous period, showing a significant reduction in comprehensive losses[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,691,118,875.31, a decrease of 3.56% from the end of the previous year[5] - As of September 30, 2025, total assets amounted to CNY 1,691,118,875.31, a decrease from CNY 1,753,496,741.59 at the beginning of the period[21] - Current assets totaled CNY 865,834,738.26, down from CNY 892,800,836.11 at the beginning of the period[20] - Total liabilities decreased to CNY 562,836,431.32 from CNY 574,653,606.82 at the beginning of the period[21] - The company reported a decrease in retained earnings to CNY 283,135,695.71 from CNY 300,862,910.92[21] - The company’s total equity decreased to CNY 1,128,282,443.99 from CNY 1,178,843,134.77[22] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥8,233,130.30, a significant increase in outflow of 75.92% year-on-year[5] - Operating cash flow improved by 75.92%, from -34,183,808.79 to -8,233,130.30, primarily due to reduced employee compensation payments[12] - Net cash flow from investment activities increased by 86.85%, from -36,488,836.40 to -4,798,298.05, attributed to decreased payments for infrastructure and renovation as subsidiary construction nears completion[12] - Cash flow from financing activities decreased significantly by 1,523.45%, from 2,391,892.86 to -34,047,427.74, due to a reduction in new borrowings compared to the previous year[12] - The ending cash and cash equivalents balance decreased by 42.45%, from 112,599,166.94 to 64,804,631.88, primarily due to a reduction in cash at the beginning of the year[12] - The net cash flow from operating activities was negative at ¥8,233,130.30, an improvement from a negative cash flow of ¥34,183,808.79 in the previous period[27] - Cash and cash equivalents at the end of the period totaled ¥64,804,631.88, down from ¥112,599,166.94 at the end of the previous period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,429, with no preferred shareholders having restored voting rights[13] - The largest shareholder, Ding Xiangpeng, holds 23.68% of shares, totaling 43,570,280, with 32,677,710 shares under lock-up[13] - The company repurchased a total of 4,690,480 shares, representing 2.55% of the total share capital, through a dedicated repurchase account[14] - The total number of restricted shares at the beginning of the period was 37,314,435, with 364,225 shares released during the period, resulting in a total of 37,678,660 restricted shares at the end[15] - The company has a policy that allows executives to transfer no more than 25% of their shares annually, with a six-month lock-up period after leaving their positions[15] Operational Developments - The company reported a significant increase in prepayments, which rose by 203.29% to ¥16,139,654.18 due to increased advance payments for new contracts[9] - The company experienced a 69.18% decrease in interest income, totaling ¥373,182.28, primarily due to a reduction in bank deposit balances[10] - The company’s weighted average return on net assets was -0.72%, an improvement of 0.25% compared to the previous year[5] - Research and development expenses increased to ¥16,393,442.35 from ¥15,059,102.69, representing an increase of 8.83%[23] - The company’s subsidiary, Xinjiang Guolin New Materials Co., Ltd., underwent maintenance on its 25,000 tons/year high-quality glyoxylic acid production line from June 3, 2025, and resumed production on August 18, 2025, after passing safety tests[16] - The European Commission imposed a final anti-dumping duty of 57.30% on glyoxylic acid produced by Xinjiang Guolin, effective from September 22, 2025, with a five-year implementation period[17] - The company is planning a major asset restructuring to acquire 91.07% of Xinjiang Kailianjie Petrochemical Co., Ltd. using self-funding and bank loans, with the transaction still in the preliminary planning stage[18] Cost and Revenue Analysis - Total operating revenue for the current period reached ¥386,104,630.91, an increase of 11.83% compared to ¥345,325,198.06 in the previous period[23] - Total operating costs amounted to ¥393,999,401.90, up from ¥360,838,199.01, reflecting a year-over-year increase of 9.14%[23] - The company recorded other income of ¥10,717,996.33, significantly higher than ¥4,408,796.84 in the previous period, marking an increase of 143.5%[23] - The company reported a basic and diluted earnings per share of -¥0.10, an improvement from -¥0.19 in the previous period[25]