迎驾贡酒(603198) - 2025 Q3 - 季度财报

Revenue and Profit Performance - The company's revenue for the third quarter was approximately ¥1.36 billion, a decrease of 20.76% compared to the same period last year[4]. - Total profit for the quarter was approximately ¥495.92 million, down 39.50% year-on-year[4]. - Net profit attributable to shareholders was approximately ¥381.01 million, reflecting a decline of 39.01% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.48, a decrease of 38.46% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 was CNY 4,515,922,008.40, a decrease of 18.1% compared to CNY 5,513,454,170.78 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 1,514,647,804.26, down 24.7% from CNY 2,011,311,877.82 in 2024[19]. - The company recorded a total profit of CNY 1,995,935,305.82, down from CNY 2,653,414,491.39, a decrease of 24.7%[19]. - Earnings per share (EPS) for the first three quarters of 2025 was CNY 1.89, compared to CNY 2.51 in the same period of 2024, representing a decline of 24.7%[20]. Cash Flow and Investment Activities - Cash flow from operating activities for the year-to-date period was approximately ¥788.54 million, down 38.13% compared to the previous year[4]. - In the first three quarters of 2025, the net cash flow from operating activities was approximately ¥788.54 million, a decrease of 38.3% compared to ¥1.27 billion in the same period of 2024[21]. - Total cash inflow from investment activities in the first three quarters of 2025 was approximately ¥10.62 billion, significantly higher than ¥5.71 billion in 2024, marking an increase of 86.5%[22]. - The net cash flow from investment activities was negative at approximately -¥606.77 million in 2025, compared to -¥454.79 million in 2024, indicating a worsening investment cash flow situation[22]. - The total cash outflow from investment activities was approximately ¥11.22 billion in 2025, compared to ¥6.17 billion in 2024, indicating a significant increase of 81.7%[22]. - The company reported cash received from the recovery of investments at approximately ¥10.53 billion in 2025, a notable increase from ¥5.66 billion in 2024[22]. - The cash paid for purchasing fixed assets and intangible assets was approximately ¥607.17 million in 2025, slightly higher than ¥596.02 million in 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥13.09 billion, a decrease of 2.26% from the end of the previous year[5]. - The company's current assets totaled RMB 9,086,714,819.85, down from RMB 9,862,314,149.82 in the previous period[13]. - The company's total liabilities decreased to CNY 2,900,605,261.22 from CNY 3,517,597,911.20, a reduction of 17.5%[18]. - The total liabilities include accounts payable of RMB 626,608,179.85, down from RMB 900,242,547.50[14]. - The equity attributable to shareholders increased by 3.18% to approximately ¥10.16 billion compared to the end of the previous year[5]. - Total equity increased to CNY 10,185,519,288.15 from CNY 9,871,701,178.81, reflecting a growth of 3.2%[18]. Operational Efficiency and Costs - The decline in revenue and profit was primarily attributed to weak consumer demand[8]. - Total operating costs decreased to CNY 2,593,681,928.15 from CNY 2,884,814,729.23, reflecting a reduction of 10.1%[18]. - Research and development expenses decreased to CNY 40,167,809.03 from CNY 56,246,519.85, a decline of 28.6%[18]. Financial Position and Shareholder Information - The company's short-term borrowings and other liabilities are not specified in the provided data, indicating a focus on asset management[14]. - The company has not reported any changes in major shareholders or significant financing activities during the reporting period[12]. - The company's deferred income tax liabilities decreased to CNY 41,507,940.44 from CNY 51,876,143.86, a reduction of 20.0%[18]. Accounting Standards - The company will not apply new accounting standards starting from 2025, as stated in the announcement[23].