THD(SZ:300397)2025-10-29 09:15Financial Performance - Revenue for Q3 2025 reached ¥90,537,330.77, an increase of 30.42% year-over-year[5] - Net profit attributable to shareholders was -¥25,119,829.08, a decrease of 30.48% compared to the same period last year[5] - The company reported a basic earnings per share of -¥0.05, a decline of 28.57% year-over-year[5] - Total operating revenue for the current period is ¥266,737,845.49, a decrease of 3.6% from ¥276,022,492.34 in the previous period[33] - Net profit for the current period is -¥93,999,660.89, compared to -¥75,966,529.16 in the previous period, indicating a worsening loss[34] - The company reported a net loss attributable to shareholders of the parent company of -¥82,900,582.76, compared to -¥63,770,193.06 in the previous period[35] - Basic and diluted earnings per share for the current period are both -¥0.16, compared to -¥0.12 in the previous period[35] Assets and Liabilities - Total assets as of the end of Q3 2025 amounted to ¥2,572,836,793.07, reflecting a 4.74% increase from the end of the previous year[5] - Total assets increased to ¥2,572,836,793.07, up from ¥2,456,470,923.61 in the previous period, representing a growth of 4.7%[32] - Total liabilities rose to ¥1,183,634,031.99, compared to ¥980,250,061.76 in the previous period, an increase of 20.8%[32] - Non-current liabilities increased significantly to ¥408,585,453.14 from ¥192,001,053.01, marking a rise of 112.5%[32] - The company's total equity attributable to shareholders decreased by 5.41% to ¥1,439,106,191.51 compared to the end of the previous year[5] - The company's total equity decreased to ¥1,389,202,761.08 from ¥1,476,220,861.85, a decline of 5.9%[32] Cash Flow - Cash flow from operating activities for the year-to-date period was -¥97,859,642.22, showing a 5.11% improvement compared to the previous year[5] - Cash inflow from operating activities decreased to ¥287,714,611.47 from ¥317,484,071.00 in the previous period, reflecting a decline of 9.4%[36] - The net cash flow from operating activities was -$97.86 million, a slight improvement from -$103.13 million in the previous period[37] - Cash inflow from investment activities totaled $40.11 million, down from $92.96 million year-over-year[37] - The net cash flow from financing activities increased significantly to $181.97 million, compared to $40.02 million in the prior period[37] - The total cash and cash equivalents at the end of the period amounted to $144.79 million, a decrease from $162.83 million year-over-year[37] - The company’s cash and cash equivalents increased to 144,795,399.15 yuan from 92,919,328.26 yuan, reflecting a growth of approximately 55.8%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,410[13] - The largest shareholder, He Zenglin, holds 25.11% of shares, totaling 129,971,700 shares, with 74,709,700 shares pledged[13] - A total of 4,815,700 stock options were canceled, representing 32.10% of the total granted options, reducing the number of incentive participants from 127 to 115[21] - The stock options that did not meet the exercise conditions were canceled, totaling 4,413,100 options, which is 29.42% of the total granted options[22] - The company completed the cancellation of stock options for the third exercise period, totaling 5,771,200 options, which is 38.47% of the total granted options[22] Investments and Projects - The company plans to invest ¥1.69981 billion in the construction of a 5G communication industrial park in Xi'an, focusing on 5G electronic products and dual-use military-civilian products[17] - The investment for the Tianrong Big Data (Xi'an) Computing Center project is estimated at RMB 2.15536 billion for the first phase and RMB 1.20114 billion for the second phase[18] - The construction of the 5G Communication Industrial Park is facing delays due to various factors, with the completion date pushed to June 2026 for the fundraising investment projects[20] - The company plans to expand its 5G business product lines, including the 5G circulator expansion project and the production and R&D center for ferrite materials[19] - The first phase of the wireless communication microwave ferrite and ceramic materials project has an investment of approximately 120 million yuan and a construction period of 21 months[26] - The second phase of the project is estimated to require an investment of about 380 million yuan, subject to future operational and market conditions[26] Financial Management - Short-term borrowings increased by 40.35% to ¥190,197,894.42 due to new bank loans[10] - Financial expenses surged by 434.97% to ¥9,839,639.19, primarily due to increased interest expenses[10] - The company experienced a 614.53% increase in credit impairment losses, totaling -¥1,716,074.10, attributed to provisions for bad debts[10] - The company’s tax payments increased by 42.47% to ¥17,172,187.82, primarily due to higher income and value-added tax payments[11] - Cash received from investment decreased by 54.56% to ¥40,000,000.00, mainly due to reduced financial product purchases[11] - Cash received from investment income dropped by 95.44% to ¥37,972.60, attributed to decreased financial returns[11] - Cash paid for the acquisition of fixed assets decreased by 69.75% to ¥32,749,667.59, due to reduced expenditures on ongoing projects[11] - Cash received from borrowings increased by 210.83% to ¥366,220,000.00, primarily due to increased bank loans[11] - Cash paid for debt repayment rose by 84.92% to ¥160,385,601.13, mainly due to increased bank loan repayments[11] Other Information - The company did not undergo an audit for the third quarter financial report[38] - The company will implement new accounting standards starting in 2025[38]