BYE(SH:603861)2025-10-29 09:45Financial Performance - The company's operating revenue for the third quarter was CNY 1,219,569,220.54, a decrease of 14.06% compared to the same period last year[3] - The total profit for the quarter reached CNY 84,638,388.67, an increase of 38.57% year-on-year[3] - The net profit attributable to shareholders was CNY 67,807,954.62, reflecting a growth of 30.48% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 58,340,787.81, up by 24.21% year-on-year[3] - Total operating revenue for the first three quarters of 2025 was CNY 3,472,744,132.94, a decrease of 2.3% compared to CNY 3,554,354,322.73 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was CNY 164,515,138.62, an increase of 32.0% compared to CNY 124,640,174.04 in the same period of 2024[17] - Earnings per share remained stable at CNY 0.29 for both 2025 and 2024[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 10,656,870,952.88, representing a 6.48% increase from the end of the previous year[4] - The equity attributable to shareholders increased by 14.07% to CNY 3,983,943,543.10 compared to the end of the previous year[4] - The company's total liabilities increased to CNY 6,458,798,544.55, compared to CNY 6,312,580,479.80 in the previous year[14] - Total equity increased to CNY 4,198,072,408.33, up from CNY 3,696,075,911.02 year-over-year[14] - Long-term borrowings rose significantly to CNY 1,143,740,000.00 from CNY 514,736,500.00 in the previous year[14] Cash Flow - The cash flow from operating activities for the year-to-date was negative CNY 601,100,485.17, a decrease of CNY 386,522,500.00 compared to the previous year[8] - Cash inflow from operating activities increased to CNY 3,527,109,447.46, up from CNY 3,394,708,273.59 in the previous year[19] - Cash outflow from operating activities rose to CNY 4,128,209,932.63, compared to CNY 3,609,286,257.54 in the same period of 2024[19] - The net cash flow from operating activities was -$601.1 million, compared to -$214.6 million in the previous period, indicating a significant decline[20] - Cash inflow from investment activities totaled $2.24 billion, up from $1.37 billion year-over-year, driven by increased cash received from other investment-related activities[20] - The net cash flow from investment activities was -$180.6 million, worsening from -$32.2 million in the previous period[20] - Cash inflow from financing activities was $1.54 billion, an increase from $924.6 million, reflecting higher borrowings[20] - The net cash flow from financing activities was $432.8 million, compared to $246.0 million in the previous period, showing improved financing conditions[20] - The ending cash and cash equivalents balance was $160.4 million, down from $409.0 million at the beginning of the period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,109[10] - The company holds 2,526,438 shares in its repurchase special account, accounting for 0.47% of the total share capital[10] - The top ten shareholders collectively hold 13.32% of the shares, with the largest individual shareholder owning 72,003,672 shares[10] Operational Efficiency - The company reported a significant increase in high-value product sales, contributing to improved gross margins[8] - The company continues to optimize its order structure and control costs effectively across various operational areas[8] - Total operating costs decreased to CNY 3,254,305,670.77, down 5.6% from CNY 3,446,014,782.04 year-over-year[16] - The company reported a decrease in research and development expenses to CNY 108,125,918.64 from CNY 121,606,527.80 year-over-year[16] Changes in Accounts - Accounts receivable increased to ¥2,327,645,234.28 from ¥1,968,554,812.47, representing a growth of approximately 18.3%[12] - Total current assets reached ¥6,294,937,787.88, up from ¥5,884,941,233.14, indicating an increase of about 7%[12] - Non-current assets totaled ¥4,361,933,165.00, compared to ¥4,123,715,157.68, reflecting a growth of approximately 5.8%[13] - Total assets amounted to ¥10,656,870,952.88, an increase from ¥10,008,656,390.82, showing a growth of about 6.5%[13] - Short-term borrowings decreased to ¥566,514,105.79 from ¥651,422,776.77, a reduction of approximately 13.1%[13] - Accounts payable increased to ¥2,540,747,738.68 from ¥2,488,978,211.52, representing a rise of about 2.1%[13]