万德斯(688178) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥154,256,381.17, representing a 12.00% increase compared to the same period last year[3]. - The total profit for the period was -¥11,763,511.84, a decrease of 220.29% year-on-year[3]. - The net profit attributable to shareholders was -¥8,518,263.41, reflecting a 193.93% decline compared to the previous year[3]. - Total operating revenue for the first three quarters of 2025 is CNY 361,626,594.30, a decrease of 10.9% compared to CNY 405,852,457.28 in the same period of 2024[19]. - Operating profit for the first three quarters of 2025 is a loss of CNY 45,705,152.36, compared to a profit of CNY 2,327,356.64 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 is a loss of CNY 39,771,979.70, compared to a profit of CNY 1,010,130.45 in the same period of 2024[20]. - Basic and diluted earnings per share for the first three quarters of 2025 is CNY -0.43, compared to CNY 0.06 in the same period of 2024[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥59,920,706.32, an increase of 89.10%[4]. - In the first three quarters of 2025, the net cash flow from operating activities was RMB 59,920,706.32, an increase of 89.0% compared to RMB 31,688,077.12 in the same period of 2024[22]. - Total cash inflow from investment activities reached RMB 539,346,516.58, significantly higher than RMB 205,226,306.72 in the previous year, marking a growth of 162.0%[23]. - The net cash flow from investment activities was negative at RMB -119,714,819.98, an improvement from RMB -172,366,439.99 in the same period last year[23]. - Cash inflow from financing activities totaled RMB 187,080,000.00, down from RMB 266,820,289.78 in the previous year, representing a decrease of 30.0%[23]. - The net cash flow from financing activities was RMB 72,295,941.39, a decrease of 24.4% compared to RMB 95,632,208.02 in the same period of 2024[23]. - The company reported a cash and cash equivalents balance of RMB 105,148,652.66 at the end of the period, up from RMB 50,733,236.47 at the end of the previous year[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,089,093,144.16, a slight increase of 0.65% from the end of the previous year[4]. - The company's total liabilities increased to CNY 1,056,963,271.43, up from CNY 1,003,842,721.38 year-over-year[16]. - Non-current liabilities rose to CNY 386,769,673.59, an increase from CNY 321,378,038.60 in the previous year[16]. - The total equity attributable to shareholders decreased to CNY 996,007,261.85 from CNY 1,032,898,823.63 year-over-year[16]. - Total current assets decreased to RMB 1,069,256,121.60 from RMB 1,125,827,990.59 in the previous year[14]. - Short-term borrowings decreased to RMB 100,770,152.81 from RMB 140,759,729.65[15]. - Accounts payable decreased to RMB 280,923,758.84 from RMB 369,156,683.41[15]. - Contract liabilities increased significantly to RMB 74,013,148.79 from RMB 24,491,747.97[15]. - Long-term receivables decreased to RMB 29,953,478.16 from RMB 38,414,029.06[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,714[11]. - The largest shareholder, Nanjing Wandes Investment Co., Ltd., holds 24,584,139 shares, accounting for 28.92% of total shares[12]. - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[13]. Research and Development - Research and development expenses totaled ¥5,267,479.12, accounting for 3.41% of operating revenue, a decrease of 1.12 percentage points[4]. - The company experienced a decrease in research and development expenses, which amounted to CNY 19,040,208.86, down from CNY 23,885,984.67 year-over-year[19]. Financial Challenges - The decline in profits is primarily attributed to intensified industry competition, leading to a decrease in revenue scale and gross margin[8]. - The company reported a significant increase in financial expenses, totaling CNY 13,410,050.77, compared to CNY 10,988,302.98 in the previous year[19]. - The company reported a total of -¥36,759.99 in non-recurring gains and losses for the period[7]. Accounting Standards - The company did not apply new accounting standards for the first time in 2025[24].