福蓉科技(603327) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥730,388,731.75, representing a year-on-year increase of 5.86%[4] - The total profit for the period was ¥46,943,731.57, reflecting a decrease of 41.58% compared to the same period last year[4] - The net profit attributable to shareholders was ¥40,060,196.39, which is a 42.69% decline year-on-year[4] - The basic earnings per share for the current period was ¥0.0401, down 21.06% from the previous year[10] - The weighted average return on equity decreased to 1.90%, down 45.47 percentage points from the previous year[5] - The net cash flow from operating activities for the year-to-date was -¥201,417,237.27, a decline of 230.53% compared to the previous year[10] - The company reported a quarter-on-quarter increase in revenue, net profit, and non-recurring net profit of 18.04%, 92.20%, and 102.67% respectively for Q3 2025[15] - Net profit for the first three quarters of 2025 was CNY 81,525,192.23, a decrease of 42.6% from CNY 142,253,603.60 in the same period of 2024[24] - The total comprehensive income for the first three quarters of 2025 was CNY 112,871,362.75, down from CNY 129,928,779.68 in 2024, reflecting a decrease of 13.14%[35] Cash Flow and Assets - The company experienced a 59.60% decrease in cash and cash equivalents, attributed to the purchase of structured deposits and payment for engineering equipment[10] - As of September 30, 2025, total current assets amounted to approximately ¥1.60 billion, compared to ¥1.41 billion at the end of 2024, reflecting a growth of 13.43%[18] - The total assets of the company as of the latest reporting period amounted to CNY 3,560,038,334.72, compared to CNY 3,334,320,650.85 in the previous year, indicating a growth of 6.8%[20] - Cash and cash equivalents at the end of the period were CNY 214,943,512.76, down from CNY 645,605,380.95 at the beginning of the year[28] - Cash flow from operating activities for the first three quarters of 2025 was CNY 39,553,169.53, significantly lower than CNY 298,035,488.26 in 2024, indicating a decrease of 86.76%[36] Inventory and Production - The company reported a significant increase in prepayments by 159.87%, primarily due to increased inventory and raw material payments[10] - The total inventory as of September 30, 2025, was approximately ¥482.47 million, up from ¥347.20 million at the end of 2024, indicating a growth of 38.93%[18] - The company achieved a significant increase in production and sales volume in the new energy sector, with rapid growth in orders from high-end manufacturing companies[14] - The company’s inventory increased to CNY 286,118,703.65 from CNY 238,592,071.15, reflecting a growth of approximately 19.97%[29] Research and Development - Research and development expenses increased significantly to CNY 26,841,250.57 in 2025, compared to CNY 15,501,003.53 in 2024, marking a rise of 73.5%[24] - Research and development expenses increased to CNY 21,125,819.64, up 59.5% from CNY 13,246,373.21 in the prior year[33] Liabilities and Equity - Total liabilities increased to CNY 1,527,673,734.52, up from CNY 1,195,328,499.45, representing a year-over-year increase of 27.8%[20] - The total equity attributable to shareholders of the parent company decreased to CNY 2,032,364,600.20 from CNY 2,138,992,151.40, reflecting a decline of 4.9%[20] - The company’s total equity decreased to CNY 1,995,176,071.66 from CNY 2,075,342,015.17, indicating a decline of approximately 3.86%[31] Market and Product Development - The company successfully launched multiple new products, including Samsung's seventh-generation foldable phone and new models for Apple and Dell, contributing to business growth[14] - The company is focusing on market expansion and new material R&D to drive future growth[14] - The company has strengthened its collaboration with CATL, leading to a surge in orders in the new energy vehicle sector[14] Government Support - Government subsidies recognized in the current period amounted to ¥656,673.44, contributing to the overall financial performance[7] Accounting Standards - The company has not adopted new accounting standards for the year 2025, as indicated in the financial report[38]