EBEM(SH:603002)2025-10-29 10:05Revenue and Profit - Revenue for the third quarter reached ¥817,716,607.36, an increase of 48.46% compared to the same period last year[4]. - Total profit for the quarter was ¥8,207,974.27, a decrease of 30.67% year-over-year[10]. - Net profit attributable to shareholders was ¥8,180,360.64, down 29.39% from the previous year[10]. - The company reported a basic earnings per share of ¥0.01, a decline of 33.33% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 reached ¥2,143,970,302.42, a 32.4% increase from ¥1,618,954,186.63 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was ¥24,515,523.48, down 33.2% from ¥36,716,639.43 in the previous year[21]. - Operating profit for the first three quarters of 2025 was ¥31,457,943.87, a decrease of 28.4% compared to ¥43,943,789.30 in the same period of 2024[20]. - The company reported a decrease in comprehensive income to ¥24,467,114.36 in 2025 from ¥36,672,509.51 in 2024, a decline of 33.2%[21]. - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.02, down from ¥0.03 in the same period of 2024[22]. Assets and Liabilities - Total assets increased by 12.67% to ¥5,188,723,718.99 compared to the end of the previous year[5]. - Total assets as of September 30, 2025, reached RMB 5,188,723,718.99, an increase from RMB 4,605,197,992.72 as of December 31, 2024, reflecting a growth of approximately 12.67%[15]. - Current assets amounted to RMB 3,014,477,773.73, up from RMB 2,640,580,971.97, indicating an increase of about 14.19%[15]. - Total liabilities as of September 30, 2025, were RMB 1,438,937,724.25, compared to RMB 916,857,865.41, reflecting a growth of about 56.83%[16]. - Total liabilities increased to ¥1,744,206,670.80 in 2025 from ¥1,162,466,488.71 in 2024, reflecting a growth of 50.1%[17]. - Total equity attributable to shareholders reached ¥3,444,517,048.19, slightly up from ¥3,442,731,504.01 in the previous year[17]. - The company’s short-term borrowings increased to RMB 12,320,091.04 from RMB 7,099,773.18, which is an increase of approximately 73.66%[16]. - The total non-current liabilities increased to ¥305,268,946.55 in 2025 from ¥245,608,623.30 in 2024, marking a rise of 24.2%[17]. Cash Flow and Investments - Cash flow from operating activities showed a significant decline of 39.03% year-to-date, attributed to increased raw material procurement expenses[10]. - Cash flow from operating activities generated ¥72,116,965.79 in the first three quarters of 2025, down 39.0% from ¥118,287,871.45 in 2024[23]. - The net cash flow from investment activities was -632,201,654.91, compared to -283,458,181.16 in the previous period, indicating a decline in investment performance[24]. - Cash inflow from financing activities totaled 367,135,543.22, an increase from 248,533,481.16 in the prior period, reflecting improved financing efforts[24]. - The net cash flow from financing activities was -23,669,579.87, a slight improvement from -161,585,822.99 in the previous period, suggesting better cash management[24]. - The total cash and cash equivalents at the end of the period decreased to 507,706,614.46 from 1,186,852,850.21, indicating a significant reduction in liquidity[24]. - Cash outflow for investment activities was 3,340,590,960.57, slightly higher than 3,334,232,619.88 in the previous period, showing consistent investment levels[24]. - Cash outflow for financing activities was 390,805,123.09, compared to 410,119,304.15 in the prior period, indicating a reduction in financing costs[24]. - The cash inflow from investment activities was 2,708,389,305.66, down from 3,050,774,438.72, reflecting a decrease in investment returns[24]. - The cash flow impact from foreign exchange fluctuations was -257,413.92, slightly better than -307,159.37 in the previous period, indicating improved currency stability[24]. - The company received 185,753,050.34 in cash from borrowings, an increase from 114,502,561.51, highlighting enhanced borrowing capacity[24]. - The company reported a cash outflow of 2,824,000,000.00 related to other investment activities, which was marginally lower than 2,856,806,805.13 in the previous period, indicating stable investment commitments[24]. Operational Highlights - The increase in revenue was primarily driven by the commencement of operations at the Zhuhai Hongchang Phase II project[9]. - Accounts receivable rose by 45.69% due to increased sales from the Zhuhai Hongchang Phase II project[10]. - Inventory levels increased by 114.94%, reflecting the production ramp-up at the Zhuhai Hongchang Phase II project[10]. - The company experienced a 100% decrease in long-term deferred expenses as the RTO furnace modification costs were fully amortized[10]. - The company reported a significant increase in accounts payable, which rose to RMB 241,215,682.20 from RMB 137,941,778.99, indicating an increase of approximately 75.00%[16]. - Research and development expenses for the first three quarters of 2025 were ¥38,612,008.27, an increase of 13.5% from ¥34,158,732.56 in the same period of 2024[20]. Shareholder Information - The company’s major shareholders include Guangzhou Hongren Electronics Industry Co., Ltd. with a 22.61% stake and EPOXY BASE INVESTMENT HOLDING LTD. with a 22.37% stake[12]. - The company has renewed its joint action agreement with its actual controllers, ensuring stable control until December 31, 2030[14].