CTC(SH:603060)2025-10-29 09:45Financial Performance - The company's operating revenue for the third quarter was CNY 656,107,117.92, an increase of 7.42% compared to the same period last year[4]. - The total profit for the period decreased by 24.21% to CNY 49,119,599.47, while the net profit attributable to shareholders fell by 21.21% to CNY 35,405,615.85[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses dropped significantly by 70.33% to CNY 14,760,932.88 for the year-to-date[4]. - The basic earnings per share decreased by 42.16% to CNY 0.0513 for the year-to-date[4]. - Net profit for the first three quarters of 2025 reached CNY 48,260,099.77, a decrease of 39.8% compared to CNY 80,058,431.71 in the same period of 2024[17]. - Operating profit for the first three quarters of 2025 was CNY 48,109,585.39, down from CNY 91,152,853.74 in 2024, reflecting a decline of 47.3%[17]. - The total profit for the first three quarters of 2025 was CNY 57,309,994.34, a decrease of 42.4% from CNY 99,300,937.52 in 2024[17]. - Total comprehensive income for the first three quarters of 2025 was CNY 60,241,107.24, compared to CNY 80,458,015.14 in 2024, indicating a decrease of 25.1%[18]. Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached RMB 1,710,943,580.41, an increase from RMB 1,651,962,233.36 in the same period of 2024, representing a growth of approximately 3.5%[16]. - Total operating costs for the first three quarters of 2025 were RMB 1,657,781,451.01, compared to RMB 1,562,862,876.34 in 2024, indicating an increase of about 6.5%[16]. - The company's gross profit margin for the first three quarters of 2025 was approximately 3.1%, down from the previous year's margin[16]. - The company recorded a total revenue from sales of goods and services of CNY 1,631,688,562.91 for the first three quarters of 2025, compared to CNY 1,560,242,043.33 in 2024, representing an increase of 4.6%[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,788,152,477.19, reflecting a 2.70% increase from the end of the previous year[5]. - The total assets of the company as of September 30, 2025, were RMB 5,788,152,477.19, compared to RMB 5,636,239,913.16 at the end of 2024, marking a growth of about 2.7%[15]. - Total liabilities increased to RMB 3,082,988,389.33 as of September 30, 2025, from RMB 2,864,855,029.99 at the end of 2024, representing an increase of approximately 7.6%[14]. - The total equity attributable to shareholders as of September 30, 2025, was RMB 2,040,887,875.94, down from RMB 2,079,147,834.09 at the end of 2024, reflecting a decrease of approximately 1.8%[15]. Cash Flow - The company reported a net cash flow from operating activities of CNY 80,111,092.16, which is a significant increase of 784.82% year-on-year[4]. - Cash flow from operating activities generated a net inflow of CNY 80,111,092.16 in 2025, a significant improvement from a net outflow of CNY 11,698,144.05 in 2024[21]. - Cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 613,212,619.67, up from CNY 225,986,718.40 at the end of 2024[22]. - The company's cash flow from investing activities showed a net outflow of CNY -150,966,646.09 in 2025, slightly worse than the net outflow of CNY -149,892,023.75 in 2024[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,491[10]. - The largest shareholder, China Building Materials Science Research Institute Co., Ltd., holds 64.27% of the shares[10]. Market Conditions - The company experienced a significant decline in profit due to decreased demand and price drops in its main business segments, alongside intensified industry competition[8]. Accounts Receivable and Inventory - Accounts receivable as of September 30, 2025, amounted to RMB 1,393,626,878.73, showing an increase from RMB 1,337,001,209.27 at the end of 2024, which is a growth of about 4.2%[12]. - Inventory as of September 30, 2025, was RMB 166,319,153.48, up from RMB 137,841,253.40 at the end of 2024, reflecting an increase of approximately 20.6%[13]. Research and Development - The company reported a decrease in research and development expenses to RMB 138,449,782.26 in 2025 from RMB 144,808,457.53 in 2024, indicating a reduction of about 4.5%[16]. Credit Quality - The company reported a decrease in credit impairment losses to CNY -28,485,228.65 in 2025 from CNY -22,417,267.10 in 2024, indicating a worsening in credit quality[17].