联合水务(603291) - 2025 Q3 - 季度财报

Financial Performance - Revenue for Q3 2025 was CNY 268,707,273.81, a decrease of 7.03% compared to the same period last year[4] - Total profit for Q3 2025 was CNY 33,397,497.94, down 48.04% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 25,474,648.33, a decline of 45.53% compared to the previous year[4] - Basic earnings per share for Q3 2025 was CNY 0.0602, a decrease of 45.53% year-on-year[4] - Net profit for the first three quarters of 2025 was ¥63,855,071.41, a decrease of 52.2% from ¥133,384,339.18 in the previous year[19] - Operating profit decreased to ¥82,645,118.21, down 54.0% from ¥179,559,519.79 in the same period last year[17] - Basic earnings per share for the first three quarters of 2025 were ¥0.14476, down from ¥0.30675 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 3,778,528,165.48, an increase of 1.70% from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to ¥730,910,193.63, an increase from ¥695,467,752.18 as of December 31, 2024[14] - Total non-current assets as of September 30, 2025, were ¥3,047,617,971.85, slightly up from ¥3,019,768,707.03[15] - Total liabilities increased to ¥1,685,901,083.31 from ¥1,601,552,543.49 year-over-year[15] - The company reported a total liability of ¥1,956,388,767.69, an increase of 3.6% from ¥1,888,624,494.27 year-over-year[16] - The total equity attributable to shareholders of the parent company was ¥1,772,242,004.70, a slight decrease from ¥1,776,354,257.45 in the previous year[16] Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 140,407,146.95, down 45.68% compared to the previous year[4] - The net cash flow from operating activities was ¥140,407,146.95, a decline of 45.6% compared to ¥258,469,957.17 in the first three quarters of 2024[22] - The net cash flow from investing activities was -$217.94 million, a decrease from -$338.69 million year-over-year[23] - Cash inflow from financing activities totaled $491.57 million, compared to $281.30 million in the previous period, indicating a significant increase[23] - The net cash flow from financing activities was $65.27 million, a turnaround from a negative $29.85 million in the prior year[23] - The ending cash and cash equivalents balance was $69.41 million, up from $36.01 million year-over-year[23] - The company experienced a net decrease in cash and cash equivalents of -$12.35 million, an improvement from -$110.43 million in the previous period[23] Costs and Expenses - Total operating costs increased to ¥745,174,337.73, up 9.7% from ¥679,255,061.59 year-over-year[17] - Research and development expenses increased to ¥2,424,544.87, up 54.7% from ¥1,567,951.03 in the same period last year[17] - The company reported a tax expense of ¥16,819,114.37, significantly lower than ¥44,755,242.30 in the previous year[17] - Cash outflow for debt repayment was $319.80 million, an increase from $204.39 million year-over-year[23] - Cash paid for dividends and interest was $82.61 million, down from $100.51 million in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period was 13,456[11] - The largest shareholder, United Water (Asia) Limited, holds 282,680,929 shares, representing 66.79% of total shares[11] Business Operations - The decline in profits was attributed to reduced contributions from the water supply and related business segments, particularly in installation engineering[9] - The company experienced increased costs due to upgrades in certain wastewater projects during the reporting period[9] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the provided content[12]