TYPICAL(SH:600302)2025-10-29 09:30Financial Performance - The company's operating revenue for the third quarter was ¥73,994,348, a decrease of 32.40% compared to the same period last year[4]. - The total profit for the quarter was -¥39,067,325.73, with a year-to-date total profit of -¥50,804,329.44[4]. - The net profit attributable to shareholders was -¥37,466,009.60 for the quarter, and -¥45,987,637.61 year-to-date[4]. - The basic earnings per share for the quarter was -¥0.1083, reflecting a decrease compared to -¥0.1329 year-to-date[5]. - Total operating revenue for the first three quarters of 2025 was CNY 258.84 million, a decrease of 25% compared to CNY 344.53 million in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was a loss of CNY 51.50 million, compared to a loss of CNY 54.13 million in the same period of 2024, showing a slight improvement[18]. - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.1329, slightly improved from CNY -0.1378 in 2024[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥989,129,469, down 11.27% from the previous year-end[5]. - Total assets as of September 30, 2025, amounted to RMB 989,129,469, compared to RMB 1,114,752,276.40 as of December 31, 2024, reflecting a decrease of approximately 11.25%[12]. - Current assets totaled RMB 826,314,254.70, down from RMB 940,536,770.95, indicating a decline of about 12.14%[13]. - Total liabilities decreased to RMB 362,025,129.26 from RMB 422,942,474.97, representing a reduction of approximately 14.36%[14]. - The company reported a total equity of RMB 627,104,339.74, down from RMB 691,809,801.43, indicating a decrease of about 9.38%[14]. - The total equity attributable to shareholders decreased to CNY 593.43 million in 2025 from CNY 652.84 million in 2024[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥62,061,808.21, indicating a significant cash outflow[4]. - The company reported a net cash outflow from operating activities of CNY 62.06 million in the first three quarters of 2025, compared to a net outflow of CNY 21.56 million in 2024[22]. - Cash inflow from investment activities in the first three quarters of 2025 was CNY 825.89 million, significantly higher than CNY 458.26 million in 2024[22]. - Investment cash outflow totaled $770,204,304, an increase from $521,881,046 in the previous period[23]. - Net cash flow from investment activities was $55,687,020.99, compared to a negative $63,617,137.26 last year[23]. - Cash inflow from financing activities was $37,622,761.13, down from $46,887,654.44[23]. - The net increase in cash and cash equivalents was $470,271.64, contrasting with a decrease of $71,810,647.74 in the prior period[23]. - The ending balance of cash and cash equivalents was $85,849,781.08, slightly down from $86,692,396.36[23]. Operational Challenges - The decline in operating revenue is attributed to intense competition in the sewing equipment industry[8]. - The company reported a significant reduction in gross profit due to the decrease in operating revenue[8]. - The company has no significant new product launches or technological developments reported during the period[11]. - There are no notable mergers or acquisitions mentioned in the conference call[11]. Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 299.58 million, down 24.7% from CNY 397.50 million in 2024[17]. - Research and development expenses for the first three quarters of 2025 were CNY 14.69 million, a decrease of 18.5% from CNY 17.99 million in 2024[17]. - Non-recurring gains and losses for the quarter totaled -¥1,119,897.44, with a year-to-date total of ¥1,872,346.62[7]. - Other comprehensive income after tax for the first three quarters of 2025 was a loss of CNY 15.20 million, compared to a gain of CNY 20,562.64 in 2024[19].