恒盛能源(605580) - 2025 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2025 reached ¥224,604,965.90, an increase of 14.50% compared to the same period last year[5] - Total profit for Q3 2025 was ¥35,602,217.49, a decrease of 49.74% year-on-year[5] - Net profit attributable to shareholders for Q3 2025 was ¥26,954,989.71, down 54.21% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥688,030,994.62, an increase of 16.3% compared to ¥591,495,769.59 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was ¥92,205,135.09, a decrease of 16.8% from ¥110,765,001.24 in 2024[25] - Basic earnings per share for Q3 2025 decreased by 52.38% to ¥0.10[6] - Basic earnings per share for the first three quarters of 2025 were ¥0.34, down from ¥0.40 in 2024, a decrease of 15%[26] Assets and Liabilities - The company's total assets increased by 53.46% to ¥2,216,196,940.11 compared to the end of the previous year[6] - The company's total assets increased to ¥2,216,196,940.11 in 2025 from ¥1,444,164,983.63 in 2024, reflecting a growth of 53.5%[22] - Total liabilities rose to ¥1,096,880,741.57 in 2025, compared to ¥455,343,595.35 in 2024, marking an increase of 141.5%[22] - The total non-current assets reached RMB 1,617,113,771.83, up from RMB 1,020,250,000.00, showing a growth of approximately 58.6%[20] - The company's total non-current assets increased to ¥1,724,210,525.13 in 2025 from ¥988,590,323.44 in 2024, reflecting a growth of 74.5%[22] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥193,325,960.92, reflecting a significant increase of 171.20%[6] - Cash flow from operating activities for the first three quarters of 2025 was ¥735,904,309.79, compared to ¥629,712,989.14 in 2024, indicating a growth of 16.8%[28] - Net cash flow from operating activities amounted to $193.33 million, a significant increase from $71.28 million in the previous period, representing a growth of approximately 171.5%[29] - Total cash inflow from investment activities was $24.18 million, down from $56.91 million, indicating a decrease of about 57.5%[29] - Cash outflow from investment activities totaled $192.26 million, compared to $106.93 million previously, reflecting an increase of approximately 79.8%[29] - Net cash flow from financing activities was -$16.98 million, an improvement from -$69.99 million, showing a reduction in cash outflow by about 75.7%[30] - Cash inflow from borrowing was $572.81 million, a substantial increase from $129.65 million, indicating a growth of approximately 341.5%[30] Operational Changes - The company reported a decrease in total profit due to the absence of significant asset sales compared to the previous year and increased costs in the current period[10] - The company has not reported any new product developments or market expansions in this quarter[10] - The company has undergone changes in its governance structure, including the cancellation of the supervisory board and the election of a new independent director[16] Current Assets - As of September 30, 2025, the total current assets amounted to RMB 491,986,414.98, an increase from RMB 455,574,660.19 as of December 31, 2024, reflecting a growth of approximately 8.8%[20] - The cash and cash equivalents increased to RMB 110,352,740.93 from RMB 102,090,257.16, representing a growth of about 8.8%[20] - Accounts receivable decreased to RMB 130,594,520.33 from RMB 157,656,072.78, indicating a decline of approximately 17.2%[20] - Inventory increased significantly to RMB 124,241,970.89 from RMB 80,481,440.72, marking a rise of about 54.4%[20] - The company reported a significant increase in accounts payable, which rose to ¥181,570,404.91 in 2025 from ¥65,100,082.92 in 2024, an increase of 178.5%[22] Shareholder Actions - The actual controller, Du Shunxian, plans to reduce her holdings by up to 5,600,000 shares, which is 2% of the total shares, between September 22, 2025, and December 21, 2025[17] - The company has completed the sale of 501,600 shares through block trading as part of the aforementioned reduction plan as of October 29, 2025[17] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥19,527,989.40, up 68.1% from ¥11,610,978.03 in 2024[25]