国博电子(688375) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥498,020,506.84, a decrease of 2.54% compared to the same period last year[3] - Total profit for the quarter was ¥33,383,763.07, down 44.54% year-on-year, primarily due to reduced revenue from T/R components and RF module businesses[8] - Net profit attributable to shareholders was ¥45,749,227.40, reflecting a decline of 26.04% compared to the previous year[3] - The basic earnings per share for the quarter was ¥0.08, a decrease of 20.00% year-on-year[3] - Total operating revenue for the first three quarters of 2025 was CNY 1,568,511,160.92, a decrease of 13.5% compared to CNY 1,813,593,985.69 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 247,115,081.24, a decline of 19.3% from CNY 306,409,434.58 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.41, compared to CNY 0.51 in the same period of 2024[21] Research and Development - Research and development expenses totaled ¥68,481,502.64, down 11.00% from the previous year, accounting for 13.75% of operating revenue[4] - Research and development expenses for the first three quarters of 2025 were CNY 198,751,799.57, down 22.6% from CNY 256,776,758.01 in 2024[19] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was negative at -¥34,778,889.85, indicating a decrease in cash received from sales[9] - Cash flow from operating activities for the first three quarters of 2025 was negative CNY 34,778,889.85, a significant decrease from positive CNY 147,466,485.41 in 2024[22] - The net cash flow from investment activities was -$384.89 million, a significant decrease compared to a positive cash flow of $20.04 million in the previous period[23] - Cash and cash equivalents at the end of the period were $1.64 billion, down from $2.48 billion in the previous period, indicating a decrease of approximately 33.7%[23] - The company had a beginning cash balance of $2.32 billion, which decreased to $1.64 billion by the end of the period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,835,084,290.44, a decrease of 2.00% from the end of the previous year[4] - Current assets totaled ¥5,845,447,244.08, slightly down from ¥5,980,233,269.97, indicating a decrease of about 2.25%[14] - Total liabilities decreased from ¥5,200,000,000 to ¥4,500,000,000, indicating a reduction of about 13.46%[15] - Total liabilities decreased to CNY 1,636,203,331.35 in 2025 from CNY 1,809,565,299.75 in 2024, reflecting a reduction of approximately 9.6%[16] - Non-current liabilities decreased to CNY 78,972,069.46 in 2025 from CNY 96,547,173.42 in 2024, a decline of about 18.2%[16] Accounts and Inventory - Cash and cash equivalents decreased from ¥2,356,235,139.58 to ¥1,684,016,139.57, a decline of approximately 28.54%[14] - Accounts receivable increased significantly from ¥2,626,868,163.31 to ¥3,445,505,394.67, reflecting an increase of about 31.19%[14] - Inventory rose from ¥256,158,437.55 to ¥462,384,315.77, marking an increase of approximately 80.49%[14] - The company reported a significant increase in accounts payable from ¥770,712,252.69 to ¥1,192,429,828.91, an increase of approximately 54.67%[15] Government Subsidies and Non-Recurring Gains - The company reported a total of ¥3,270,199.78 in government subsidies recognized during the quarter, contributing to non-recurring gains[6] - The net profit after deducting non-recurring gains and losses was ¥42,867,887.93, a decrease of 30.11% year-on-year[3] Future Outlook and Strategic Developments - The company has no new product launches or technological developments mentioned in the conference call[13] - There are no updates on market expansion or mergers and acquisitions during the reporting period[13] - The company did not provide any specific future guidance or performance outlook in the conference call[13] - The company is set to implement new accounting standards starting in 2025, which may impact future financial reporting[24]