Financial Performance - The company's operating revenue for the third quarter was ¥39,302,605.42, representing a year-on-year increase of 4.44%[4] - The total profit for the period was a loss of ¥13,226,422.10, with a year-to-date loss of ¥44,617,167.06[4] - The net profit attributable to shareholders was a loss of ¥13,236,776.72 for the quarter, and a loss of ¥44,614,243.64 year-to-date[4] - The increase in operating revenue year-to-date by 42.98% was attributed to the completion of project deliveries that were delayed from the previous year[9] - The net loss for the first three quarters of 2025 was ¥44,614,243.64, compared to a net loss of ¥32,708,788.47 in the same period of 2024, indicating a worsening financial performance[21] - The company reported a total comprehensive loss of ¥44,614,243.64 for the first three quarters of 2025, worsening from a loss of ¥32,708,788.47 in 2024[21] Research and Development - Research and development expenses totaled ¥16,085,751.01 for the quarter, accounting for 40.93% of operating revenue, a decrease of 5.49 percentage points year-on-year[5] - Research and development expenses increased to ¥49,650,271.23 in 2025, compared to ¥47,542,064.55 in 2024, reflecting a focus on innovation[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,267,010,632.20, a decrease of 1.55% compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥773,917,646.83, an increase from ¥698,271,754.79 as of December 31, 2024[15] - Total non-current assets as of September 30, 2025, are ¥493,092,985.37, down from ¥588,663,914.93[16] - The total liabilities increased to ¥307,492,598.57 in 2025 from ¥271,245,030.15 in 2024, indicating a rise in financial obligations[20] - The total equity attributable to shareholders decreased to ¥959,518,033.63 in 2025 from ¥1,015,690,639.57 in 2024, reflecting a decline in shareholder value[20] Cash Flow - The company reported a net cash flow from operating activities of -¥25,483,015.39 year-to-date[4] - Cash flow from operating activities showed a net outflow of ¥25,483,015.39 in 2025, an improvement from a net outflow of ¥66,314,722.11 in 2024[23] - Investment activities generated a net cash flow of ¥17,935,494.24, compared to a negative cash flow of ¥10,859,872.74 in the previous period, indicating a significant improvement[24] - The net cash flow from financing activities was negative at ¥21,955,075.48, worsening from a negative ¥6,016,571.12 in the previous period[24] - The ending balance of cash and cash equivalents was ¥186,319,619.00, compared to ¥145,507,001.22 in the previous period, representing an increase of approximately 28.0%[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,487[12] - The largest shareholder, Jiang Mingwu, holds 13,492,554 shares, representing 20.44% of total shares[12] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[25]
光格科技(688450) - 2025 Q3 - 季度财报