BENEFO(SH:600468)2025-10-29 08:20Financial Performance - The company's operating revenue for the third quarter was CNY 596,185,910.50, an increase of 16.62% compared to the same period last year[4]. - The total profit for the third quarter decreased by 36.02% to CNY 29,795,984.83, while the net profit attributable to shareholders fell by 32.39% to CNY 25,848,469.07[4]. - The gross profit margin decreased by 4.8 percentage points compared to the same period last year, impacting overall profitability[8]. - Total operating revenue for the first three quarters of 2025 reached ¥1,626,083,938.65, an increase of 14.74% compared to ¥1,417,122,148.19 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was ¥85,930,487.48, a decrease of 21.67% from ¥109,680,339.93 in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,952,377,603.92, representing a 4.75% increase from the previous year[5]. - The total liabilities increased to ¥1,769,606,828.56 in 2025 from ¥1,670,801,481.08 in 2024, reflecting a growth of 5.91%[19]. - The total equity attributable to shareholders of the parent company rose to ¥2,008,382,909.08 in 2025, up from ¥1,920,051,290.53 in 2024, marking a growth of 4.83%[19]. - Current assets totaled 2,817,364,870.33 RMB, up from 2,673,298,038.20 RMB at the end of 2024, indicating a growth in liquidity[17]. - Total current liabilities rose to 1,698,317,953.50 RMB from 1,580,993,236.76 RMB, reflecting an increase in operational obligations[18]. Cash Flow - The company reported a net cash flow from operating activities of CNY -76,651,719.19 for the year-to-date period[4]. - The company's net cash flow from operating activities for the first three quarters of 2025 was -¥76,651,719.19, compared to -¥929,717.29 in the same period of 2024[23]. - Investment activities cash outflow totaled $58,519,395.94, compared to $46,897,028.45 in the previous period[24]. - Net cash flow from investment activities was -$32,367,595.87, slightly improved from -$35,057,756.20[24]. - The net decrease in cash and cash equivalents was -$203,515,176.40, compared to -$92,576,305.92 in the prior period[24]. Shareholder Information - The company plans to reduce its shareholding by up to 2.00%, equivalent to 21,754,706 shares, during the period from August 4 to November 1, 2025[11]. - The top ten shareholders hold a combined 57.00% of the company's shares after recent reductions by Tianjin Xin Hao Investment Development Co., Ltd.[10]. - Xin Hao Investment reduced its shareholding by 10,877,400 shares, accounting for 1.00% of the total share capital, decreasing its ownership from 1.31% to 0.31%[12]. - The total share reduction by Xin Hao Investment amounted to 2% of the company's total share capital, completed through both block trading and centralized bidding[12]. Governance and Management - The company has restructured its governance by abolishing the supervisory board, transferring its responsibilities to the audit committee of the board of directors[14]. - The board of directors announced the financial results on October 28, 2025[26]. - The company plans to implement new accounting standards starting in 2025[25]. Other Financial Metrics - Research and development expenses for the first three quarters of 2025 were ¥78,788,807.85, slightly up from ¥77,830,120.78 in the same period of 2024[21]. - The company reported an increase in investment income to ¥42,834,153.26 in 2025, compared to ¥38,378,109.15 in 2024, representing a growth of 11.43%[21]. - Cash received from sales of goods and services was ¥1,262,474,045.81 in 2025, a marginal increase from ¥1,258,429,519.33 in 2024[23].