DYEC(SH:600403)2025-10-29 09:15Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,191,052,431.60, a decrease of 6.47% compared to the same period last year[3]. - The total profit for the period was a loss of CNY 275,850,751.81, with a year-to-date loss of CNY 1,100,577,926.66[3]. - The net profit attributable to shareholders was a loss of CNY 270,589,497.47 for the quarter, and a loss of CNY 1,122,070,999.41 year-to-date[3]. - The company experienced a 19.67% decline in operating revenue year-to-date due to falling prices in the first three quarters[6]. - Total operating revenue for the first three quarters of 2025 was approximately ¥3.11 billion, a decrease of 19.7% compared to ¥3.87 billion in the same period of 2024[16]. - Net profit for the first three quarters of 2025 was approximately -¥1.16 billion, compared to -¥724.53 million in the same period of 2024, indicating a worsening loss[17]. - The total comprehensive loss for the first three quarters of 2025 was approximately -¥1.16 billion, compared to -¥724.53 million in 2024, reflecting a significant increase in losses[18]. Cash Flow - The net cash flow from operating activities was CNY 7,278,830.83, a significant decrease of 64.67% year-to-date[3][6]. - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥109.07 million, down from ¥308.67 million in 2024, a decline of 64.7%[20]. - Cash flow from investing activities showed a net outflow of approximately -¥54.56 million in 2025, compared to -¥343.42 million in 2024, indicating an improvement in cash outflow[22]. - Cash flow from financing activities resulted in a net outflow of approximately -¥949.68 million in 2025, contrasting with a net inflow of ¥940.62 million in 2024[22]. - The ending cash and cash equivalents balance for the first three quarters of 2025 was approximately ¥2.10 billion, down from ¥3.46 billion in 2024, a decrease of 39.2%[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,724,068,103.21, down 3.73% from the end of the previous year[3]. - The company's current assets totaled RMB 5,010,159,239.30, down from RMB 5,457,543,007.55 at the end of 2024, indicating a decline of approximately 8.2%[11]. - The total liabilities of the company were RMB 14,470,491,123.80, compared to RMB 14,118,546,226.01 at the end of 2024, reflecting an increase of about 2.5%[12]. - The company's cash and cash equivalents stood at RMB 3,849,418,839.64, down from RMB 4,304,146,407.87 at the end of 2024, representing a decrease of approximately 10.6%[10]. - The accounts receivable increased to RMB 698,955,180.75 from RMB 635,276,861.57, showing an increase of about 10%[11]. - The company's total equity decreased to RMB 5,253,576,979.41 from RMB 6,369,504,363.14, a decline of approximately 17.5%[13]. - The long-term borrowings rose significantly to RMB 597,400,264.95 from RMB 226,525,000.00, indicating a substantial increase of about 163%[12]. - The total non-current assets were RMB 14,713,908,863.91, down from RMB 15,030,507,581.60, indicating a decrease of about 2.1%[12]. Shareholder Information - The top shareholder, Yima Coal Industry Group Co., Ltd., holds 61.81% of the shares, with a pledged amount of 738,519,900 shares[7]. - The total number of ordinary shareholders at the end of the reporting period was 39,325[7]. Research and Development - Research and development expenses decreased to approximately ¥100.47 million in 2025 from ¥154.87 million in 2024, a reduction of 35%[17]. Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of the year[23].