Succeeder(SH:688338)2025-10-29 08:10Financial Performance - The company's operating revenue for Q3 2025 was ¥56,714,062.21, a decrease of 15.97% compared to the same period last year[3]. - The total profit for the quarter was ¥18,954,511.73, reflecting a decline of 16.22% year-over-year[3]. - The net profit attributable to shareholders was ¥16,557,773.20, down 20.91% from the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥14,486,909.29, a decrease of 26.74% compared to the same period last year[3]. - Net profit for the period was ¥64,496,822.89, down from ¥83,622,479.30, representing a decline of about 22.9%[1]. - The net profit for the first three quarters of 2025 was CNY 65,435,905.61, down 24.8% from CNY 86,969,702.13 in the first three quarters of 2024[28]. Revenue and Earnings - The basic earnings per share for the quarter was ¥0.16, a decrease of 20.00% compared to the same period last year[4]. - Sales revenue from goods and services received cash of ¥201,393,805.27, compared to ¥243,705,154.47 in the previous year, a decline of about 17.4%[20]. - The company's operating revenue for the first three quarters of 2025 was CNY 195,671,335.83, a decrease of 13.6% compared to CNY 226,523,861.39 in the same period of 2024[27]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥48,634,310.63, down 28.78% year-over-year[3]. - Cash flow from operating activities generated ¥48,634,310.63, compared to ¥68,283,597.36 in the previous year, a decrease of approximately 28.8%[21]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 216,166,923.75, a decline of 15.9% compared to CNY 256,954,186.90 in the same period of 2024[30]. - Net cash flow from operating activities was $42.24 million, down from $69.73 million, representing a decrease of 39% year-over-year[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,746,136,351.40, a slight decrease of 0.14% from the end of the previous year[4]. - Total current assets increased slightly to CNY 1,389,208,174.89 from CNY 1,382,444,284.10, showing a marginal growth of 0.5%[12]. - Total liabilities decreased to CNY 81,479,003.92 from CNY 102,460,350.24, a reduction of 20.5%[14]. - The total liabilities decreased to CNY 109,700,067.67 as of September 30, 2025, from CNY 130,704,664.15 at the end of 2024, representing a reduction of approximately 16.1%[26]. Equity and Shareholder Information - The equity attributable to shareholders increased to ¥1,664,797,407.88, up 1.13% from the previous year[4]. - Total equity attributable to shareholders increased to CNY 1,664,797,407.88 from CNY 1,646,270,295.13, marking a growth of 1.9%[14]. - The company has not reported any significant changes in shareholder participation in financing or securities lending activities[10]. Research and Development - Research and development expenses totaled ¥5,537,773.91, representing 9.76% of operating revenue, an increase of 2.13 percentage points year-over-year[4]. - Research and development expenses for the first three quarters of 2025 were CNY 15,966,466.15, slightly up from CNY 15,875,238.80 in the same period of 2024[27]. Inventory and Accounts Receivable - The company’s inventory stood at CNY 44,906,650.41, up from CNY 41,723,404.12, which is an increase of 7.2%[12]. - Accounts receivable rose to CNY 45,564,714.72 from CNY 38,399,247.81, reflecting an increase of 18.4%[12]. - The company's inventory increased to CNY 44,789,683.77 as of September 30, 2025, compared to CNY 41,612,143.51 at the end of 2024, reflecting an increase of 7.5%[24]. Financial Activities - Cash flow from investing activities resulted in a net outflow of ¥306,519,823.03, worsening from a net outflow of ¥253,787,553.15 in the prior year[21]. - Total cash inflow from investing activities was $904.42 million, significantly up from $201.44 million, marking an increase of 348% year-over-year[31]. - Cash outflow for investment activities totaled $1.20 billion, compared to $401.66 million, indicating a rise of 199% year-over-year[31]. - The company reported a significant increase in investment income, rising from ¥639,074.07 to ¥4,355,902.67[1]. Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[32].