KENGIC(SH:688455)2025-10-29 09:55Financial Performance - The company's revenue for the third quarter reached ¥260,555,448.15, representing a year-on-year increase of 47.08%[3] - The total profit for the period was -¥31,798,051.35, with a net profit attributable to shareholders of -¥22,113,913.40[3] - Total operating revenue for the first three quarters of 2025 reached ¥752.41 million, an increase of 14.3% compared to ¥658.24 million in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of ¥59.39 million, compared to a loss of ¥56.26 million in the same period of 2024, indicating a deterioration in profitability[20] - The company's total equity attributable to shareholders decreased to ¥867.19 million from ¥1.04 billion, reflecting a decline of 16.7%[19] Research and Development - Research and development expenses amounted to ¥26,138,713.05, an increase of 30.93% year-on-year, accounting for 10.03% of total revenue[3] - The company reported a significant increase in research and development expenses, totaling ¥79.87 million in 2025, compared to ¥69.50 million in 2024, reflecting a 14.9% increase[20] - The company is focusing on high-growth sectors such as new energy, tires, and cross-border e-commerce, driving its R&D investments[5] Cash Flow and Liquidity - The net cash flow from operating activities was -¥228,182,080.64 for the year-to-date period[3] - Cash flow from operating activities for the first three quarters of 2025 was ¥1.32 billion, an increase from ¥1.04 billion in 2024, representing a growth of 28%[23] - The net cash flow from operating activities was -228,182,080.64, compared to -175,697,662.05 in the previous period, indicating a decline in operational cash flow[24] - The total cash flow net increase was -336,888,817.50, compared to -228,969,502.26 in the previous period, indicating a worsening cash position[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,870,165,126.36, reflecting a 32.94% increase compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to RMB 3,219,303,375.01, an increase from RMB 2,345,496,308.02 at the end of 2024[15] - Total liabilities as of September 30, 2025, are RMB 2,829,570,599.22, compared to RMB 1,811,860,030.91 at the end of 2024[16] - The total liabilities of the company amounted to ¥3.00 billion, compared to ¥1.87 billion in the previous year, indicating a substantial increase in leverage[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,493[12] - The largest shareholder, Qingdao Yijie Technology Equipment Co., Ltd., holds 31,000,000 shares, accounting for 17.14% of total shares[12] - The company has no preferred shareholders as of the reporting period[12] Operational Costs - Total operating costs for the first three quarters of 2025 were ¥844.26 million, up 11.4% from ¥757.89 million in 2024[19] - Cash outflows for operating activities totaled 1,667,143,295.73, up from 1,303,830,890.93, indicating increased operational expenses[24] - The company’s cash outflow for employee payments was 207,103,497.44, an increase from 182,405,173.63, reflecting higher labor costs[24] Tax and Earnings - The company recorded a tax expense of ¥23.50 million for the first three quarters of 2025, compared to ¥21.25 million in 2024, which is an increase of 10.6%[20] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.37, compared to -¥0.32 in 2024, indicating a worsening in earnings per share[21] Order Backlog - The company reported a backlog of orders totaling ¥4,291,000,000, a 70.34% increase year-on-year, with overseas orders at ¥2,071,000,000, up 73.81%[6] Profitability Metrics - The gross profit margin improved by 3.86 percentage points compared to the same period last year, indicating enhanced profitability in core operations[5] - The weighted average return on net assets decreased by 1.25 percentage points to -2.52% due to a reduction in net profit attributable to shareholders[3] Investment Activities - Total cash inflow from investment activities was 355,606,084.13, significantly lower than 1,795,529,500.04 in the previous period, reflecting reduced investment returns[24] - Cash outflows for investment activities were 569,972,115.04, compared to 1,800,175,976.60 in the previous period, showing a decrease in capital expenditures[24] Financing Activities - The net cash flow from financing activities was 104,555,233.87, a recovery from -52,420,576.40 in the previous period, showing improved financing conditions[24] - Cash inflows from financing activities increased to 471,898,883.82 from 231,657,000.00, reflecting a stronger borrowing position[24]