嘉化能源(600273) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥2,724,890,693.48, an increase of 11.26% year-on-year[3] - The total profit for the period was ¥276,969,394.64, reflecting a decrease of 3.52% compared to the same period last year[3] - The net profit attributable to shareholders was ¥242,104,126.38, down 7.27% year-on-year[3] - The basic earnings per share for the quarter was ¥0.1804, a decrease of 4.60% compared to the same period last year[4] - The weighted average return on equity was 2.35%, a decrease of 0.24 percentage points year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥7,731,197,757.12, an increase of 9.3% compared to ¥7,071,466,767.60 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was ¥904,664,726.15, representing a growth of 9.0% from ¥829,526,918.74 in 2024[18] - Net profit for the first three quarters of 2025 was ¥821,493,400.99, a rise of 4.1% compared to ¥789,485,213.96 in 2024[19] - Basic earnings per share increased to ¥0.6130 in 2025 from ¥0.5726 in 2024, reflecting a growth of 7.8%[19] - The company reported a total profit of ¥935,395,088.31 for the first three quarters of 2025, up from ¥880,856,273.43 in 2024, marking a growth of 6.2%[19] Assets and Liabilities - Total assets at the end of the period amounted to ¥13,601,918,450.05, an increase of 3.66% from the end of the previous year[4] - The company's total liabilities increased to RMB 3,524,321,958.35 from RMB 2,977,411,213.08, representing a rise of about 18.38%[15] - The total equity attributable to shareholders decreased slightly to RMB 10,070,563,518.74 from RMB 10,114,750,747.10, indicating a decline of approximately 0.44%[15] - The cash and cash equivalents increased to RMB 882,176,408.11 from RMB 816,672,723.09, showing a growth of about 8.03%[13] - The company's accounts receivable decreased to RMB 795,217,544.48 from RMB 834,711,907.32, a decline of approximately 4.73%[13] - The inventory decreased to RMB 714,468,768.38 from RMB 793,624,682.88, reflecting a reduction of about 9.95%[13] - The long-term borrowings increased significantly to RMB 631,890,000.00 from RMB 243,180,000.00, marking an increase of approximately 160.00%[15] Cash Flow - The cash flow from operating activities for the year-to-date was ¥553,869,925.58, down 40.82% due to increased raw material prices[7] - Cash flow from operating activities for the first three quarters of 2025 was ¥553,869,925.58, a decrease of 40.7% from ¥935,905,520.69 in 2024[21] - Total cash inflow from operating activities was ¥6,260,730,963.65, up from ¥5,817,096,665.86 in the previous year[21] - Net cash flow from investment activities was -219,336,623.20, a decrease from -369,806,671.64 year-over-year[22] - Cash inflow from financing activities totaled 1,280,689,037.92, compared to 643,010,598.05 in the previous period[22] - Net cash flow from financing activities was -306,492,329.53, an improvement from -767,426,559.05 year-over-year[22] - The ending balance of cash and cash equivalents increased to 820,213,947.11 from 650,373,676.06[22] - Cash outflow for investment activities amounted to 298,136,811.20, down from 408,453,683.83 in the previous period[22] - Cash inflow from borrowing was 1,277,330,000.00, significantly higher than 632,693,640.92 last year[22] - Cash outflow for financing activities was 1,587,181,367.45, compared to 1,410,437,157.10 in the previous period[22] - The impact of exchange rate changes on cash and cash equivalents was -7,080,452.23, an improvement from -21,884,966.48 year-over-year[22] - Cash outflow for the acquisition of fixed assets and intangible assets was 215,171,841.19, down from 369,601,975.77[22] - The company reported a net increase in cash and cash equivalents of 20,960,520.62, compared to a decrease of -223,212,676.48 in the previous period[22] Shareholder Information - The company’s major shareholder, Zhejiang Jiahua Group Co., Ltd., holds 37.99% of the shares, with a total of 515,493,351 shares[9] - The company has a total of 39,076 common shareholders as of the report date[9] - The company repurchased a total of 34,559,500 shares, accounting for 2.55% of the total share capital, with a total expenditure of RMB 29,811.20 million[11] - The company plans to initiate a share repurchase program with a budget between RMB 40,000 million and RMB 60,000 million, subject to shareholder approval[11] Research and Development - Research and development expenses increased to ¥233,852,082.27 in 2025, compared to ¥215,305,806.89 in 2024, indicating a focus on innovation[18] - Other income rose to ¥57,342,036.51 in 2025, compared to ¥39,862,196.66 in 2024, showing improved financial performance[18] Investment Activities - The company exited its investment in Zhejiang Lianyun Chemical Co., Ltd. through a targeted capital reduction effective September 1, 2025[12]