Crown Advanced Material (SH:688560)2025-10-29 10:05Financial Performance - The company's operating revenue for Q3 2025 was ¥155,289,622.14, a decrease of 0.62% compared to the same period last year[4]. - The total profit for the period was -¥19,482,205.63, with a year-to-date total profit of -¥72,734,157.71[4]. - The net profit attributable to shareholders was -¥21,118,927.73 for the quarter, and -¥73,824,226.82 year-to-date[4]. - Total operating revenue for the first three quarters of 2025 was CNY 537,184,587.77, a decrease of 29.5% compared to CNY 761,048,832.82 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was a loss of CNY 73,824,226.82, compared to a loss of CNY 13,981,537.23 in the same period of 2024[21]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.37, compared to CNY -0.07 in the previous year[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥220,569,008.85, representing a decrease of 203.78%[5]. - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 358,599,414.05, a decline of 65.9% from CNY 1,052,048,538.14 in the same period of 2024[25]. - Total cash inflow from operating activities was 367,932,245.41, against cash outflow of 588,501,254.26, resulting in a net cash flow from operations of -220,569,008.85[26]. - The net increase in cash and cash equivalents was -216,439,444.55, compared to -8,861,166.38 in the previous period[27]. - Cash paid for employee compensation was 53,720,632.06, reflecting a decrease from 72,999,727.48 in the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,868,450,239.28, a decrease of 2.13% from the previous year[5]. - Total liabilities increased to CNY 213,232,041.38 from CNY 188,675,343.63 in the previous period[18]. - Total non-current assets were CNY 782,930,478.88, down from CNY 835,930,452.17[17]. - Total equity attributable to shareholders decreased to CNY 2,655,218,197.90 from CNY 2,742,264,552.51[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,155[11]. - The largest shareholder, Yan Hongjia, holds 25.34% of the shares, totaling 51,000,000 shares[11]. - The company reported that the top 10 shareholders hold a total of 51,000,000 shares, with the largest shareholder being Yan Hongjia[13]. Research and Development - Research and development expenses totaled ¥8,829,041.69 for the quarter, a decrease of 12.23% year-over-year, accounting for 5.69% of operating revenue[4][5]. Operational Developments - The company experienced a significant decline in gross profit margin due to a drop in product sales prices exceeding the cost reduction[9]. - The construction of the first phase of the Hefei project, with an annual production capacity of 200 million square meters of film, has been completed, but equipment installation has not yet commenced[14]. - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[14]. Accounting Changes - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[28].