望变电气(603191) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥892,136,929.87, a decrease of 5.99% compared to the same period last year[4]. - The total profit for the quarter was ¥29,699,477.81, down 6.67% year-on-year[4]. - Net profit attributable to shareholders was ¥26,299,908.65, reflecting a year-on-year increase of 39.01%[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,966,510.80, up 78.69% compared to the same period last year[4]. - The basic earnings per share for the quarter was ¥0.08, an increase of 33.33% year-on-year[4]. - Total operating revenue for the first three quarters of 2025 reached ¥2,728,120,019.70, an increase of 14.9% compared to ¥2,374,381,716.56 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was ¥85,857,415.58, representing a 37.5% increase from ¥62,473,486.34 in the same period of 2024[20]. - Earnings per share for the first three quarters of 2025 were ¥0.25, compared to ¥0.16 in the same period of 2024, indicating a significant improvement[21]. - The company reported a total of 26,994 ordinary shares outstanding at the end of the reporting period[11]. - The company’s total profit for the first three quarters of 2025 was ¥84,208,646.91, compared to ¥27,636,507.19 in 2024, reflecting a growth of 204.5%[30]. Assets and Liabilities - The total assets at the end of the quarter were ¥7,137,656,086.85, representing a 9.27% increase from the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to RMB 7,137,656,086.85, an increase from RMB 6,531,948,941.04 as of December 31, 2024, reflecting a growth of approximately 9.3%[16]. - Current assets totaled RMB 4,847,856,452.61, up from RMB 4,140,062,821.47, indicating an increase of about 17.1%[15]. - The total liabilities increased to ¥4,634,963,572.82 in 2025 from ¥3,979,107,044.01 in 2024, marking a rise of 16.4%[17]. - The total current liabilities were RMB 2,870,096,896.54, compared to RMB 2,752,501,657.02, reflecting an increase of about 4.3%[16]. - Long-term borrowings increased significantly to RMB 1,492,764,480.02 from RMB 1,103,571,465.88, representing a growth of approximately 35.3%[16]. - The company's total liabilities increased to CNY 3,525,885,452.89 from CNY 3,078,186,982.66, representing a growth of approximately 14.5%[28]. Cash Flow - The net cash flow from operating activities for the quarter was ¥145,915,200.15, not applicable for year-on-year comparison[4]. - The net cash flow from operating activities was CNY 165,746,389.38, a significant improvement from a negative CNY 364,071,490.75 in the previous period[24]. - Cash received from sales of goods and services in the first three quarters of 2025 was ¥1,961,567,533.70, an increase from ¥1,549,822,240.15 in 2024, showing a growth of 26.5%[23]. - Cash inflow from operating activities totaled ¥1,604,050,692.08 in 2025, compared to ¥1,358,510,290.39 in 2024, marking an increase of 18.0%[31]. - The company's cash and cash equivalents at the end of the period amounted to CNY 1,245,346,134.13, up from CNY 877,949,248.41, reflecting a net increase of CNY 248,924,800.33[25]. - Total cash inflow from financing activities reached CNY 1,318,093,793.35, compared to CNY 1,007,226,053.92 in the prior period, indicating a 31% increase[25]. Shareholder Information - The top shareholder, Yang Zemin, holds 52,618,391 shares, representing 15.83% of the total shares[11]. - The company has not reported any significant changes in shareholder structure or any related party transactions during the reporting period[12]. Research and Development - Research and development expenses for the first three quarters of 2025 were ¥31,203,561.21, slightly down from ¥32,207,154.22 in 2024[20]. - Research and development expenses for the first three quarters of 2025 were ¥20,634,269.86, a decrease of 7.0% from ¥22,176,887.49 in 2024[29]. Financial Management - The company reported a decrease in financial expenses to ¥16,208,336.79 in 2025 from ¥670,542.11 in 2024, indicating improved financial management[20]. - Financial expenses increased to ¥4,644,504.58 in 2025 from ¥3,475,478.38 in 2024, with interest expenses rising to ¥36,605,864.82 from ¥27,287,247.66[29]. - The company reported an investment loss of ¥1,958,968.30 in 2025, contrasting with an investment gain of ¥7,256,950.36 in 2024[30].