龙泉股份(002671) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2025 reached ¥561,051,576.48, representing a year-over-year increase of 58.69%[5] - Net profit attributable to shareholders was ¥84,604,360.36, up 34.49% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥83,325,472.54, reflecting a 32.50% increase year-over-year[5] - The company reported a basic earnings per share of ¥0.1516, which is a 35.00% increase compared to the same period last year[5] - The company’s net profit for the year-to-date period increased by 53.54% compared to the previous year, driven by stable deliveries from major projects and the consolidation of Nantong Power Station Valve Co., Ltd.[10] - Net profit for the current period was ¥125,803,649.02, representing a 59% increase from ¥79,138,724.14 year-over-year[19] - Earnings per share (EPS) increased to 0.2183 from 0.1416, reflecting a growth of 54.2%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,198,586,931.77, an increase of 8.58% from the end of the previous year[5] - The total current assets amount to 2,116,877,643.57 yuan, an increase from 1,828,842,762.78 yuan at the beginning of the period[14] - Total liabilities amount to 2,030,153,455.94 yuan, with current liabilities at 1,015,445,242.97 yuan[15] - The total liabilities increased to ¥1,378,699,344.01 from ¥1,281,337,103.70, indicating a rise of 7.6%[16] - Total equity attributable to shareholders rose to ¥1,780,793,417.20, up from ¥1,665,887,584.91, reflecting a growth of 6.9%[16] - The company’s total liabilities decreased by 30.88% in short-term borrowings, attributed to increased repayments of bank loans[9] Cash Flow - The net cash flow from operating activities increased by 89.73%, primarily due to increased cash collections from sales[11] - Cash flow from operating activities generated a net amount of ¥145,929,519.70, compared to ¥76,913,275.89 in the previous period, marking an increase of 90%[21] - Cash flow from investing activities resulted in a net outflow of ¥234,945,114.13, worsening from a net outflow of ¥30,292,409.98 in the prior period[21] - Cash flow from financing activities showed a net outflow of ¥73,093,941.49, compared to a net outflow of ¥6,355,335.51 in the previous period[21] - The net increase in cash and cash equivalents was -$162,109,535.92, while it was $53,265,530.40 previously[23] - The ending cash and cash equivalents balance stood at $142,076,876.53, down from $183,004,537.84[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,911[12] - The largest shareholder, Guangdong Jianhua Enterprise Management Consulting Co., Ltd., holds 23.07% of shares, totaling 130,033,668 shares[12] - The second-largest shareholder, Jianhua Building Materials (China) Co., Ltd., holds 16.76% of shares, totaling 94,488,394 shares[12] Operational Highlights - The company experienced a significant increase in prepayments, which rose by 754.20% due to increased material payments and prepayments related to the newly consolidated Nantong Power Station Valve Co., Ltd.[9] - The company reported a significant increase in research and development expenses, which totaled ¥15,098,711.56, up from ¥12,601,542.66, indicating a focus on innovation[18] Other Information - The third quarter financial report was not audited[24] - The new accounting standards will be first implemented starting in 2025[24] - The board of directors of Shandong Longquan Pipe Industry Co., Ltd. convened on October 30, 2025[25]