Zhejiang Wansheng (SH:603010)2025-10-29 08:40Financial Performance - The company's operating revenue for the third quarter was ¥860,917,337.05, representing a year-on-year increase of 16.81%[5] - The total profit for the quarter was ¥47,724,277.46, showing a slight decrease of 0.59% compared to the same period last year[5] - The net profit attributable to shareholders was ¥23,765,722.73, down 45.47% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥847,122.82, a decrease of 102.60% compared to the previous year[5] - The basic earnings per share for the quarter was ¥0.04, a decline of 50.00% year-on-year[6] - The diluted earnings per share also stood at ¥0.04, reflecting a 50.00% decrease compared to the same period last year[6] - Total operating revenue for the first three quarters of 2025 reached ¥2,484,064,519.91, an increase of 17.0% compared to ¥2,123,491,596.13 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥67,649,838.92, a decrease of 38.5% compared to ¥109,980,085.57 in the previous year[22] - The company reported a total comprehensive income of ¥56,051,325.87 for the period, down from ¥109,677,786.03 in the same period last year[23] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.09, compared to ¥0.20 in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,293,024,619.27, an increase of 1.29% from the end of the previous year[6] - The total current liabilities increased to RMB 2,121,242,475.78 from RMB 1,914,822,804.47, representing an increase of about 10.81%[17] - The company's total liabilities increased to ¥3,387,473,628.08 from ¥3,288,938,694.76, reflecting a growth of 3.0%[22] - The total equity attributable to shareholders decreased slightly to ¥3,614,520,553.80 from ¥3,637,794,705.23, a decline of 0.6%[22] - The company's short-term borrowings rose significantly to RMB 867,434,729.78 from RMB 519,290,564.86, marking an increase of approximately 67.14%[17] - The company's long-term borrowings decreased to ¥658,085,682.70 from ¥788,353,972.43, a reduction of 16.5%[22] Cash Flow - The company's cash and cash equivalents reached RMB 1,287,513,631.76, compared to RMB 1,254,445,925.76 at the end of 2024, reflecting a growth of approximately 2.64%[16] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 3,056,858,847.39, an increase of 27.1% compared to CNY 2,405,045,152.25 in the same period of 2024[25] - The net cash flow from operating activities decreased to CNY 219,341,467.19 in 2025 from CNY 247,092,805.58 in 2024, representing a decline of 11.3%[25] - The cash outflow from investment activities totaled CNY 620,495,711.32 in 2025, compared to CNY 587,259,290.30 in 2024, indicating an increase of 5.6%[26] - The net cash flow from investment activities improved to -CNY 329,797,533.88 in 2025 from -CNY 377,227,060.84 in 2024, showing a reduction in losses[26] - Cash inflow from financing activities increased to CNY 1,566,361,799.84 in 2025, up 20.4% from CNY 1,301,035,265.96 in 2024[26] - The net cash flow from financing activities decreased to CNY 138,167,782.02 in 2025 from CNY 298,303,234.45 in 2024, a decline of 53.7%[26] - The cash and cash equivalents at the end of the period were CNY 1,148,673,946.96, a decrease from CNY 1,276,778,240.26 at the end of 2024[26] Inventory and Costs - The company's inventory increased to RMB 598,841,278.79 from RMB 505,205,423.25, indicating a growth of approximately 18.51%[16] - Total operating costs amounted to ¥2,350,570,137.62, up 18.7% from ¥1,980,328,317.78 year-on-year[22] - Research and development expenses rose to ¥100,569,056.38, representing a 28.9% increase from ¥77,893,303.58 in the previous year[22] Strategic Activities - The company has repurchased a total of 103,000 shares, accounting for 0.0175% of the total share capital, with a total expenditure of RMB 1,062,720 (excluding taxes and commissions)[15] - Zhejiang Wansheng Co., Ltd. plans to use up to 10% of its audited net assets from 2021 for securities investments in 2023, including stocks, bonds, and funds[15] - The company participated in the strategic placement of ChipLink Integration, acquiring 15,668,130 shares, and has sold 11,905,395 shares, retaining 3,762,735 shares as of the report date[15] Other Information - The company attributed the decline in net profit to increased depreciation and related costs during the ramp-up phase of the Shandong Wansheng project[10] - The increase in operating revenue was primarily due to the consolidation of Guangzhou Shangen into the company's financial statements[9] - The company reported a decrease in accounts payable from RMB 622,324,871.62 to RMB 514,688,422.95, a reduction of about 17.33%[17] - The total non-current assets amounted to RMB 4,390,407,513.24, slightly up from RMB 4,349,238,529.00[17] - The company did not apply new accounting standards for the first time in 2025[27]