WebRAY(SH:688651)2025-10-29 09:50Financial Performance - The company's revenue for the third quarter was ¥49,833,893.44, representing a year-on-year increase of 3.56%[4] - The total profit for the period was a loss of ¥21,621,474.46, with a year-to-date loss of ¥65,332,906.10[4] - The net profit attributable to shareholders was a loss of ¥17,659,391.78 for the quarter, and a loss of ¥54,067,404.25 year-to-date[4] - Total revenue for the first three quarters of 2025 reached CNY 155,350,201.60, an increase of 8.0% compared to CNY 143,199,186.00 in the same period of 2024[17] - The net loss for the first three quarters of 2025 was CNY 57,901,718.33, compared to a net loss of CNY 33,482,173.07 in the same period of 2024[18] - The total comprehensive income attributable to the parent company for the first three quarters of 2025 was -54,067,404.25 CNY, compared to -34,852,504.22 CNY in the same period of 2024, reflecting a significant decline[19] Research and Development - Research and development expenses totaled ¥24,172,877.53 for the quarter, accounting for 48.51% of revenue, an increase of 2.05 percentage points year-on-year[5] - The company has increased its investment in R&D significantly, which has impacted overall profitability due to higher operational costs[8] - Research and development expenses rose to CNY 63,873,035.45, reflecting a 21.8% increase from CNY 52,460,878.13 in the previous year[17] Assets and Liabilities - Total assets at the end of the period were ¥1,087,448,034.38, a decrease of 7.99% compared to the end of the previous year[5] - The total assets decreased to CNY 1,087,448,034.38 from CNY 1,181,922,645.66, indicating a decline of approximately 8.0%[16] - Total liabilities decreased to CNY 148,746,811.34, down from CNY 185,715,451.16, a reduction of about 20.0%[15] Shareholder Information - The total equity attributable to shareholders decreased by 5.47% to ¥927,990,975.71 compared to the previous year[5] - The total equity attributable to shareholders decreased to CNY 927,990,975.71 from CNY 981,662,633.09, a decrease of about 5.5%[15] - Total shareholders at the end of the reporting period reached 5,160[10] - The largest shareholder, Quan Xiaowen, holds 18,424,712 shares, representing 24.44% of total shares[10] Cash Flow - Cash and cash equivalents as of September 30, 2025, amounted to ¥83,172,836.28, an increase from ¥71,836,572.36 at the end of 2024[13] - The company's cash and cash equivalents decreased to CNY 564,024,125.55 from CNY 667,152,254.84, a decline of approximately 15.5%[14] - The net cash flow from operating activities for the first three quarters of 2025 was -59,639,075.64 CNY, slightly worse than -58,604,480.67 CNY in the previous year[21] - Cash inflow from operating activities totaled 234,441,854.43 CNY in 2025, up from 208,440,342.68 CNY in 2024, indicating a growth of approximately 12.5%[20] - The cash outflow from operating activities increased to 294,080,930.07 CNY in 2025 from 267,044,823.35 CNY in 2024, representing an increase of about 10.1%[21] - The net cash flow from investing activities was 81,304,826.08 CNY in 2025, a recovery from a negative cash flow of -135,089,192.94 CNY in the same period of 2024[21] Other Financial Metrics - The basic and diluted earnings per share were both -¥0.23 for the quarter, and -¥0.72 year-to-date[4] - The basic and diluted earnings per share for the first three quarters of 2025 were both -0.72 CNY, worsening from -0.46 CNY in the same period of 2024[19] - The weighted average return on net assets was -1.89% for the quarter, compared to -5.66% year-to-date[5] - The company reported non-recurring gains of ¥3,737,784.91 for the quarter, with government subsidies contributing ¥3,550,000.00[6] - The company recorded an investment income of CNY 7,967,451.20, significantly higher than CNY 2,571,159.09 from the previous year, representing a growth of 209.5%[17] Operational Changes - The company has not engaged in any securities lending or borrowing activities during the reporting period[12] - There are no significant changes in the top 10 shareholders or their participation in margin trading[12] - The company has not reported any new strategies or product developments during the conference call[12] - No audit opinion type was applicable for the quarterly financial statements[12]