天鹅股份(603029) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥284,292,182.46, representing a year-on-year increase of 69.39%[4] - The total profit for the period was ¥33,911,516.03, reflecting a growth of 22.32% compared to the same period last year[4] - The net profit attributable to shareholders was ¥34,300,134.11, which is an increase of 34.56% year-on-year[4] - The basic earnings per share for the quarter was ¥0.28, up by 33.33% from the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥605,385,587.16, a significant increase of 41.5% compared to ¥427,887,891.05 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was ¥52,494,629.86, representing a 29.7% increase from ¥40,477,868.59 in 2024[17] - The company's operating profit for the first three quarters of 2025 was ¥51,589,859.11, compared to ¥37,721,298.01 in 2024, reflecting a growth of 37.0%[16] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.43, up from ¥0.33 in 2024[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,334,125,072.61, a 4.18% increase from the end of the previous year[5] - The equity attributable to shareholders increased to ¥929,492,640.76, marking a 3.66% rise compared to the previous year[5] - The company's total liabilities increased to ¥1,404,566,320.32 in 2025 from ¥1,343,959,580.55 in 2024, indicating a rise of 4.5%[14] - Total equity attributable to shareholders reached ¥929,492,640.76 in 2025, compared to ¥896,641,102.42 in 2024, marking an increase of 3.7%[14] Cash Flow - The cash flow from operating activities showed a net outflow of ¥95,685,405.08 for the year-to-date period[4] - The net cash flow from operating activities for the first three quarters of 2025 was -¥95,685,405.08, an improvement from -¥157,367,281.88 in 2024[18] - The company experienced a net decrease in cash and cash equivalents of $111,570,689.22, compared to a decrease of $226,129,581.39 in the prior period[19] Current Assets and Inventory - As of September 30, 2025, the company's total current assets amounted to RMB 1,787.92 million, an increase from RMB 1,685.58 million at the end of 2024[13] - Accounts receivable increased to RMB 193.84 million from RMB 149.70 million, reflecting a growth of approximately 29.5%[12] - Inventory rose to RMB 1,218.27 million, up from RMB 1,072.07 million, indicating a growth of about 13.6%[12] Government Support and Expenses - Government subsidies and reduced credit impairment losses contributed positively to the profit growth during the reporting period[8] - Research and development expenses for the first three quarters of 2025 were ¥37,056,064.94, a decrease of 14.2% from ¥43,187,204.84 in 2024[16] - The company reported other income of ¥18,469,316.64 for the first three quarters of 2025, significantly higher than ¥6,728,612.57 in 2024, reflecting a growth of 174.5%[16] Customer Guarantees and Liabilities - The company provided guarantees for cotton picker customers' mortgage loans totaling RMB 336.99 million, accounting for 37.58% of the latest audited net assets[11] - The company compensated RMB 9.59 million for part of the cotton picker mortgage loans during the reporting period, with an estimated liability provision of RMB 14.40 million[11] - The company reported a total liability of RMB 613.97 million in contract liabilities, up from RMB 593.09 million[13] Cash Management - The company's cash and cash equivalents decreased to RMB 239.15 million from RMB 349.96 million[12] - Cash used for the acquisition of fixed assets, intangible assets, and other long-term assets was $13,654,619.97, down from $18,663,271.62[19] - Cash paid for debt repayment was $65,000,000, compared to $29,900,000 in the previous period[19] Accounting Standards - The company did not apply new accounting standards starting from 2025[20]