杭电股份(603618) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥2,362,892,569.69, a decrease of 8.01% compared to the same period last year[4] - The total profit for the quarter was -¥256,156,658.36, representing a decline of 517.88% year-on-year[4] - The net profit attributable to shareholders was -¥257,175,378.49, down 607.32% from the previous year[4] - The basic earnings per share for the quarter was -¥0.37, a decrease of 628.57% compared to the same period last year[4] - The company reported a net loss of ¥215,301,101.11 for the first three quarters of 2025, compared to a net profit of ¥126,564,025.33 in the same period of 2024[22] - The operating profit for the first three quarters of 2025 was -¥201,988,867.74, a significant decline from the operating profit of ¥144,253,218.55 in the previous year[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.32, compared to ¥0.18 in the same period of 2024[22] - Total comprehensive income for the first three quarters of 2025 was a loss of CNY 126,751,979.11, compared to a total comprehensive income of CNY 172,146,843.56 in 2024[34] Assets and Liabilities - Total assets at the end of the quarter were ¥10,253,941,172.06, an increase of 2.13% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥7,814,059,663.49, an increase from ¥7,256,367,722.70 at the end of 2024[15] - Total liabilities as of September 30, 2025, are ¥6,152,095,115.09, compared to ¥5,743,466,419.41 at the end of 2024[16] - The total liabilities of the company reached ¥7,458,226,382.08, an increase from ¥6,949,361,103.33, indicating a growth of 7.3%[21] - Total assets as of September 30, 2025, are ¥10,253,941,172.06, up from ¥10,040,349,200.26 at the end of 2024[16] - Current assets increased to CNY 7,280,019,973.97 from CNY 6,500,006,372.23 year-over-year[29] - Total liabilities rose to CNY 6,430,660,939.78, compared to CNY 5,641,388,604.73 at the end of 2024[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 85,401[12] - The largest shareholder, Yongtong Holdings Group Co., Ltd., holds 207,000,000 shares, accounting for 29.94% of total shares[12] - Zhejiang Fuchunjiang Communication Group Co., Ltd. is the second-largest shareholder with 153,000,000 shares, representing 22.13%[12] Cash Flow - The company reported a cash flow from operating activities of -¥529,434,815.51 for the year-to-date[4] - Operating cash inflow for the first three quarters of 2025 was CNY 7,294,124,875.28, an increase of 1.6% compared to CNY 7,178,970,957.08 in the same period of 2024[25] - Net cash outflow from operating activities was CNY -529,434,815.51, slightly worse than CNY -500,465,245.42 in the previous year[25] - Cash flow from investing activities showed a net outflow of CNY -131,417,737.21, an improvement from CNY -246,256,437.13 in the same period last year[26] - Cash flow from financing activities generated a net inflow of CNY 438,431,449.58, compared to CNY 364,888,961.56 in the previous year[26] Expenses - Total operating costs amounted to ¥6,783,242,291.53, up from ¥6,245,729,467.58, reflecting a year-over-year increase of 8.6%[21] - Research and development expenses increased to ¥274,363,095.57, compared to ¥222,349,542.26 in the same period last year, marking a rise of 23.4%[21] - The company incurred financial expenses of CNY 59,145,097.59 in 2025, a decrease from CNY 68,150,646.04 in 2024, showing a reduction of approximately 14.77%[33] - The company reported an increase in sales expenses to CNY 206,391,443.81 in 2025 from CNY 192,940,799.88 in 2024, which is an increase of about 6.93%[33] Other Financial Metrics - The decline in profit was primarily due to a decrease in product sales gross margin and a reduction in revenue from value-added tax deductions[9] - The company recognized non-recurring losses of -¥567,139.76 during the quarter[8] - The weighted average return on net assets was -9.17%, a decrease of 10.86 percentage points compared to the previous year[4] - The deferred income decreased slightly to ¥114,676,346.81 from ¥121,055,933.02, indicating a reduction of 5.5%[21] - The company reported a significant increase in credit impairment losses, which amounted to CNY -28,141,162.32 in 2025, compared to CNY -46,883,350.81 in 2024, reflecting an improvement in credit quality[33]