华达新材(605158) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,741,457,187.31, representing a year-on-year increase of 6.54%[4] - The total profit for the year-to-date period decreased by 49.27% to ¥78,688,762.87[9] - The net profit attributable to shareholders for the year-to-date period was ¥67,169,510.24, down 49.45% compared to the previous year[4] - The company reported a significant decline in the net profit after deducting non-recurring gains and losses, which fell by 55.71% to ¥51,152,745.52 for the year-to-date period[9] - Total operating revenue for the first three quarters of 2025 was CNY 4,842,944,654.68, a decrease of 3.82% compared to CNY 5,035,934,491.36 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 67,169,510.24, a decline of 49.5% from CNY 132,879,066.43 in the same period of 2024[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.13, compared to CNY 0.26 in 2024[20] Cash Flow - The net cash flow from operating activities for the current period was ¥53,020,619.43, showing a significant improvement from a negative cash flow of ¥1,023,448,887.92 in the previous year[4] - In the first three quarters of 2025, the net cash flow from operating activities was -1,023,448,887.92, compared to -3,280,972,325.14 in the same period of 2024, showing an improvement[21] - Cash inflow from operating activities totaled 5,872,086,351.25 in 2025, while cash outflow was 6,895,535,239.17, resulting in a net cash flow deficit[21] - The net cash flow from financing activities was -716,016,591.57 in 2025, contrasting with a positive net cash flow of 2,531,000,889.08 in 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,403,636,167.09, an increase of 8.30% from the previous year[5] - The equity attributable to shareholders decreased by 3.33% to ¥2,471,283,980.23 compared to the end of the previous year[5] - Total liabilities increased to CNY 5,932,352,186.86 in 2025 from CNY 5,202,969,696.65 in 2024, marking an increase of 14.05%[17] - The company’s total assets reached CNY 8,403,636,167.09 in 2025, up from CNY 7,759,261,204.30 in 2024, reflecting a growth of 8.29%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,090[11] - The company has a shareholding structure where Zhejiang Huada Group holds 57.65% of the shares, indicating a strong control over the company[12] Operational Metrics - The company's current assets totaled ¥6,763,932,475.66, compared to ¥6,477,268,674.73 at the end of 2024, indicating an increase of about 4.4%[15] - Accounts receivable rose significantly to ¥105,786,171.94 from ¥41,608,399.98, marking an increase of about 154.5%[14] - Inventory increased to ¥1,560,892,236.80 from ¥1,040,246,124.07, which is an increase of approximately 50%[15] - Short-term borrowings decreased to ¥2,209,091,833.34 from ¥2,648,761,588.86, a reduction of about 16.6%[15] - Accounts payable increased to ¥3,376,810,000.00 from ¥2,150,050,000.00, reflecting a growth of approximately 57%[15] - The company reported a significant increase in prepayments, which rose to ¥884,843,636.28 from ¥551,182,165.94, an increase of about 60.5%[14] - The total non-current assets amounted to ¥1,639,703,691.43, up from ¥1,281,992,529.57, indicating a growth of approximately 28%[15] Expenses and Subsidies - The company received government subsidies amounting to ¥1,324,854.16 during the current period, contributing to its financial performance[7] - Research and development expenses for the first three quarters of 2025 were CNY 159,363,748.75, slightly down from CNY 160,877,681.08 in 2024[18] Cash and Investment Activities - Cash and cash equivalents decreased to ¥3,888,264,741.52 from ¥4,663,617,213.06, representing a decline of approximately 16.5%[14] - The ending cash and cash equivalents balance for 2025 was 776,438,391.59, a decrease from 2,201,706,198.92 in 2024[22] - Investment activities generated a net cash flow of -145,786,853.92 in 2025, a decline from a positive net cash flow of 1,138,479,612.01 in 2024[22] - Cash inflow from investment activities was 7,269,222,202.82 in 2025, significantly higher than 3,295,619,149.24 in 2024[22] Accounting Standards - The company has adopted new accounting standards starting in 2025, which may affect the financial statements[23]