磁谷科技(688448) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥87,128,989.75, a decrease of 17.94% compared to the same period last year[4]. - The total profit for the third quarter was ¥2,963,104.90, down 75.40% year-on-year[4]. - The net profit attributable to shareholders was ¥4,445,704.84, reflecting a decline of 63.13% compared to the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥3,675,315.97, a decrease of 66.94% year-on-year[4]. - The basic earnings per share for the third quarter was ¥0.06, down 64.71% from the same period last year[5]. - Net profit for the first three quarters of 2025 was ¥8,577,528.63, a significant decline of 57.5% from ¥20,168,321.04 in 2024[20]. - Basic earnings per share for the first three quarters of 2025 was ¥0.12, down from ¥0.29 in the same period of 2024[21]. Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of ¥29,679,915.15 year-to-date, indicating challenges in cash management[4]. - Cash flow from operating activities for the first three quarters of 2025 was negative at -¥29,679,915.15, compared to -¥7,756,490.25 in 2024, indicating worsening cash flow conditions[22]. - Cash received from sales of goods and services was ¥193,048,493.70, a decrease of 14.2% from ¥225,020,021.41 in 2024[22]. - The ending balance of cash and cash equivalents was $389.12 million, down from $473.46 million in the previous period[23]. - The beginning balance of cash and cash equivalents was $502.46 million, indicating a decrease in liquidity[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,427,364,073.97, a slight decrease of 0.50% from the end of the previous year[5]. - The company's total current assets decreased from 1,092,095,892.24 to 1,005,898,195.00, a decline of approximately 7.93%[15][16]. - Total liabilities as of the reporting date were ¥412,842,239.70, slightly up from ¥409,208,411.59 in the previous year[17]. - Total equity attributable to shareholders was ¥1,011,696,649.81, a decrease from ¥1,024,132,445.61 in 2024, indicating a decline in shareholder value[17]. Research and Development - Research and development expenses totaled ¥13,023,155.11, a decrease of 2.19% year-on-year, accounting for 14.95% of operating revenue[5]. - Research and development expenses for the first three quarters of 2025 were ¥33,883,837.68, down from ¥36,822,923.74 in 2024, reflecting a potential shift in R&D focus[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,192[12]. - The largest shareholder, Wu Lihua, holds 12,510,000 shares, representing 17.46% of total shares[12]. Investment Activities - Net cash flow from investment activities was -$63.06 million, compared to -$28.80 million in the previous period, indicating a decline in investment performance[23]. - Total cash inflow from investment activities was $199.82 million, down from $626.62 million year-over-year[23]. - Cash outflow from investment activities totaled $262.88 million, a decrease from $655.42 million in the prior period[23]. Financing Activities - Net cash flow from financing activities was -$20.26 million, contrasting with a positive $6.74 million in the previous period[23]. - Total cash inflow from financing activities was $2.00 million, significantly lower than $7.38 million year-over-year[23]. - Cash outflow from financing activities amounted to $22.26 million, compared to $0.63 million in the prior period[23]. Other Information - The company experienced a significant reduction in government subsidies received compared to the previous year, impacting overall profitability[10]. - The company reported a credit impairment loss of ¥3,551,059.27 in 2025, contrasting with a gain of -¥3,572,084.20 in 2024, highlighting increased credit risk[20]. - The company will not apply new accounting standards starting from 2025[24].