AECC AST(SH:600391)2025-10-29 10:20Financial Performance - The company's operating revenue for the third quarter reached ¥1,428,588,016.84, representing a year-on-year increase of 117.41%[4] - The total profit for the quarter was ¥45,234,796.22, showing a decrease of 27.29% compared to the same period last year[4] - The net profit attributable to shareholders was ¥19,104,001.29, down 49.78% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,243,700.72, a decline of 50.57% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.0579, reflecting a decrease of 49.77% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥3,087,310,849.58, an increase of 17.8% compared to ¥2,620,821,878.44 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was ¥92,239,719.64, a decrease of 15.3% from ¥108,872,010.09 in the same period of 2024[18] - The total comprehensive income for the parent company's shareholders was CNY 29,319,279.50, a decrease of 45.0% compared to CNY 53,337,645.34 in the previous year[19] - Basic and diluted earnings per share were CNY 0.0888, down from CNY 0.1616 in the previous year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,998,558,131.86, a decrease of 2.42% from the end of the previous year[5] - The company's total assets as of September 30, 2025, amounted to ¥7,998,558,131.86, down from ¥8,197,046,263.53 at the end of 2024[16] - Current assets totaled ¥5,531,136,715.65 as of September 30, 2025, compared to ¥5,822,183,147.62 at the end of 2024, indicating a decrease of 5%[14] - Current liabilities were ¥4,708,561,479.10 as of September 30, 2025, slightly up from ¥4,687,119,393.59 at the end of 2024[15] - The company's long-term borrowings decreased to ¥211,665,332.00 as of September 30, 2025, from ¥591,700,000.00 at the end of 2024, a reduction of 64.3%[16] - The company's total equity increased to ¥2,921,038,859.51 as of September 30, 2025, compared to ¥2,650,919,928.30 at the end of 2024, representing an increase of 10.2%[16] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥683,807,897.50, an increase of 139.70%[4] - The net cash flow from operating activities was CNY 683,807,897.50, a significant improvement from a negative CNY 1,722,374,886.01 in the same period last year[21] - Cash received from sales of goods and services increased to CNY 2,817,944,602.64, up 67.2% from CNY 1,686,851,972.61 in the previous year[21] - The cash inflow from operating activities totaled CNY 2,881,741,925.50, compared to CNY 1,739,991,055.04 in the previous year[22] - The cash outflow from operating activities was CNY 2,197,934,028.00, down from CNY 3,462,365,941.05 in the previous year[22] - The ending cash and cash equivalents balance was CNY 287,445,779.99, compared to CNY 196,531,688.34 at the end of the previous year[23] Inventory and Costs - The decline in net profit was primarily due to lower gross margins and increased product costs[8] - Total operating costs for the first three quarters of 2025 were ¥2,951,857,356.43, up from ¥2,465,753,560.92 in 2024, reflecting a year-on-year increase of 19.7%[17] - The company's inventory decreased to ¥2,509,608,932.91 as of September 30, 2025, from ¥2,906,455,054.66 at the end of 2024, reflecting a decline of 13.6%[14] Research and Development - The company experienced a significant increase in operating revenue due to product structure adjustments and increased R&D tasks[8]