Financial Performance - The company's operating revenue for Q3 2025 was ¥285,512,814.22, representing a 10.58% increase compared to ¥258,189,753.27 in the same period last year[5] - The net profit attributable to shareholders decreased by 26.72% to ¥9,225,667.25 from ¥12,588,773.07 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 41.82% to ¥5,670,964.93 from ¥9,746,806.49 in the previous year[5] - The basic earnings per share decreased by 37.02% to ¥0.0711 from ¥0.1129 in the same period last year[5] - Net profit for the period was ¥25,380,766.87, a decrease of 40.6% from ¥42,901,416.78 in the previous period[18] - The total comprehensive income attributable to the parent company decreased to CNY 25,188,379.04 from CNY 43,721,494.27, representing a decline of approximately 42.5% year-over-year[19] - Basic earnings per share dropped to CNY 0.2147 from CNY 0.3944, reflecting a decrease of about 45.6%[19] Assets and Liabilities - The total assets at the end of the reporting period increased by 6.94% to ¥2,194,109,532.50 from ¥2,051,650,370.66 at the end of the previous year[5] - The company's total assets increased to ¥2,194,109,532.50, compared to ¥2,051,650,370.66 at the beginning of the period, marking a growth of 6.9%[16] - The company's total liabilities decreased to ¥694,378,769.00 from ¥921,255,642.83, a reduction of 24.6%[15] - The equity attributable to shareholders increased by 33.09% to ¥1,496,387,191.19 from ¥1,124,313,791.54 at the end of the previous year[5] - The equity attributable to shareholders increased to ¥1,496,387,191.19 from ¥1,124,313,791.54, reflecting a growth of 33.1%[16] Cash Flow - The net cash flow from operating activities for the year-to-date increased significantly by 221.92% to ¥103,256,241.68 from ¥32,075,177.98[5] - Net cash flow from operating activities increased by 221.92% compared to the same period last year, primarily due to increased cash from sales of goods[9] - The company’s total cash inflow from operating activities was CNY 716,368,498.69, compared to CNY 573,207,050.69, representing an increase of approximately 25.0%[20] - Cash inflow from investment activities totaled CNY 422,037,855.85, up from CNY 359,177,539.89, indicating an increase of about 17.5%[21] - The net cash flow from investment activities was negative at CNY -127,788,919.00, an improvement from CNY -272,036,948.27 year-over-year[21] - Cash flow from financing activities showed a net increase of CNY 8,667,114.27, compared to a net outflow of CNY -25,778,464.63 in the previous period[21] Operational Changes - The company made an accounting policy change that resulted in a retrospective adjustment, reducing selling expenses by ¥3,650,092.23 and increasing operating costs by the same amount[6] - The total amount of non-recurring gains and losses for the reporting period was ¥3,554,702.32, with government subsidies contributing ¥1,675,339.71[7] Investments and Shareholder Information - The company plans to invest RMB 150 million in a joint venture with professional investment institutions, accounting for 29.82% of the total investment[12] - The number of ordinary shareholders at the end of the reporting period was 16,627, with the largest shareholder holding 30.25% of the shares[10] Inventory and Receivables - Accounts receivable decreased by 47.2% compared to the beginning of the period, mainly due to a reduction in commercial acceptance bills held at the end of the period[9] - Accounts receivable financing increased by 106.71% compared to the beginning of the period, primarily due to an increase in bank acceptance bills and digital vouchers held at the end of the period[9] - Prepayments increased by 143.99% compared to the beginning of the period, mainly due to an increase in raw material procurement prepayments[9] - Inventory increased by 36.4% compared to the beginning of the period, driven by rising raw material prices, increased seasonal stocking, and growth in the automotive parts business[9] - Long-term equity investments grew by 100% compared to the beginning of the period, due to new equity investments made during the period[9] - Long-term equity investments reached ¥29,784,771.74, compared to zero at the beginning of the period, indicating new investment activity[15] Research and Development - Research and development expenses were reported at ¥36,419,147.28, an increase from ¥32,020,843.97, showing a commitment to innovation[17]
宏昌科技(301008) - 2025 Q3 - 季度财报