君禾股份(603617) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for the third quarter was CNY 250,528,697.34, a decrease of 16.44% compared to the previous quarter[5] - Total profit for the quarter was CNY 8,762,988.66, down 67.49% year-on-year[5] - The net profit attributable to shareholders was CNY -242,714.96, representing a decline of 101.04% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 1,429,966.48, a decrease of 92.85% year-on-year[5] - The basic and diluted earnings per share for the quarter were both CNY -0.00, reflecting a 100% decline[6] - Total operating revenue for the first three quarters of 2025 was ¥828,950,051.04, a decrease of 2.3% compared to ¥847,932,756.97 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was ¥29,841,523.54, down 51.7% from ¥61,803,866.50 in the previous year[25] - Operating profit decreased to ¥52,211,872.69, a decline of 32.7% compared to ¥77,543,364.48 in the same period of 2024[24] - The company reported a basic earnings per share of ¥0.08, down from ¥0.16 in the same period last year[26] Assets and Liabilities - Total assets at the end of the quarter were CNY 2,278,214,499.11, down 4.83% from the end of the previous year[6] - The total assets decreased from 2,393,850,645.06 RMB to 2,278,214,499.11 RMB, a reduction of about 4.83%[19] - The total liabilities decreased from 1,156,000,000 RMB to 1,100,000,000 RMB, reflecting a reduction of about 4.83%[19] - Total liabilities decreased to ¥771,777,392.27 from ¥895,255,304.80, reflecting a reduction of 13.8%[20] - The equity attributable to shareholders increased slightly by 0.55% to CNY 1,503,505,692.75[6] - Total equity increased to ¥1,506,437,106.84, up from ¥1,498,595,340.26, indicating a growth of 0.6%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 188,095,618.32, indicating a significant increase[6] - Cash flow from operating activities generated ¥188,095,618.32, significantly up from ¥26,244,240.29 in the previous year[27] - The net cash flow from investing activities was -$238.09 million, compared to -$198.19 million in the previous period, indicating a decline in investment performance[28] - Total cash inflow from financing activities was $586.19 million, down from $782.03 million year-over-year[28] - The net cash flow from financing activities was -$65.77 million, a significant decrease from a positive $68.83 million in the prior period[28] - The ending cash and cash equivalents balance was $426.71 million, down from $665.28 million at the end of the previous period[28] - Cash outflow for investment activities totaled $723.12 million, compared to $329.64 million in the previous period, reflecting increased investment spending[28] - Cash inflow from borrowing was $545.69 million, a decrease from $774 million year-over-year[28] - Cash outflow for debt repayment was $571.50 million, down from $688 million in the previous period[28] - The company received $500,000 from minority shareholders, a decrease from $2.80 million in the previous period[28] - The impact of exchange rate changes on cash and cash equivalents was -$20,322.91, contrasting with a positive impact of $1.66 million previously[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,124[13] - The largest shareholder, Ningbo Junhe Holdings Group Co., Ltd., holds 123,640,055 shares, accounting for 31.66% of total shares[14] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[14] Operational Costs and Expenses - Total operating costs increased to ¥792,883,036.70, up 2.0% from ¥776,534,972.04 year-over-year[24] - Sales expenses rose sharply to ¥91,024,952.77, an increase of 132.5% compared to ¥39,138,037.68 in 2024[24] - Research and development expenses were ¥21,020,198.36, slightly up from ¥20,855,790.57 year-over-year[24] Tax and Regulatory Information - The company attributed the decline in profits primarily to tax payments and investments in cross-border e-commerce business expansion[10] - The company is required to pay a corporate income tax of 713.31 million RMB and late fees of 378.00 million RMB, impacting the net profit for 2025 by approximately 1,091.31 million RMB[15][16] Accounting Standards - The company will not apply new accounting standards starting from 2025[29]