Taclink(SH:688205)2025-10-29 10:40Financial Performance - The company's operating revenue for Q3 2025 was ¥218,889,735.63, representing a year-on-year increase of 14.27%[3] - The total profit for the period decreased by 50.48% to ¥12,006,407.25, while the net profit attributable to shareholders fell by 45.61% to ¥12,013,306.68[3] - The net profit after deducting non-recurring gains and losses was ¥8,228,767.28, down 48.04% compared to the same period last year[3] - The basic earnings per share for the period was ¥0.07, a decrease of 53.33% year-on-year[3] - Net profit for the first three quarters of 2025 was ¥40,107,007.04, down from ¥76,288,672.29 in the same period of 2024, indicating a decrease of approximately 47.5%[21] - The company reported a total comprehensive income of ¥44,014,851.95 for the first three quarters of 2025, compared to ¥78,570,240.25 in 2024, a decline of about 43.9%[21] Research and Development - Research and development expenses totaled ¥27,161,979.10, accounting for 12.41% of operating revenue, a decrease of 0.96 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were ¥76,637,828.37, slightly up from ¥75,489,114.93 in 2024, indicating a focus on innovation[20] Cash Flow - Cash flow from operating activities showed a significant decline of 68.41% year-to-date, primarily due to increased payments to suppliers[9] - Cash inflow from operating activities for the first three quarters of 2025 was $813.56 million, an increase of 4.3% compared to $781.67 million in the same period of 2024[23] - Net cash flow from operating activities decreased to $49.24 million in 2025 from $155.87 million in 2024, representing a decline of 68.4%[24] - Total cash outflow from operating activities increased to $764.32 million in 2025 from $625.80 million in 2024, an increase of 22.1%[24] Assets and Liabilities - The company's total assets increased by 4.60% to ¥2,740,871,135.06 compared to the end of the previous year[4] - Total current assets as of September 30, 2025, amount to ¥2,204,645,897.91, compared to ¥2,185,120,034.63 as of December 31, 2024[14] - Total liabilities rose to ¥460,861,755.68 in 2025, compared to ¥378,178,431.17 in 2024, which is an increase of approximately 22%[16] - The company's equity attributable to shareholders increased to ¥2,280,009,379.38 in 2025 from ¥2,242,260,596.75 in 2024, reflecting a growth of about 1.7%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,274[11] - The largest shareholder, Wuxi Taike Lingke Industrial Investment Partnership, holds 38,596,592 shares, representing 24.38% of total shares[11] - The second-largest shareholder, Qian Mingying, holds 16,958,354 shares, representing 10.71% of total shares, with 7,800,000 shares pledged[11] - The company has no significant changes in the top 10 shareholders or the top 10 unrestricted shareholders due to securities lending activities[12] Market Conditions - The company is facing short-term performance pressures due to a soft market demand in the telecommunications transmission sector, leading to competitive pricing strategies[8] - New product capacity is still ramping up, and cost advantages have not yet fully materialized, limiting profit contributions for the current period[8] - The company continues to invest in production base construction and capacity expansion to seize structural opportunities in the industry[8] Cash Management - The company’s cash flow management remains a focus, with ongoing efforts to optimize operational efficiency and reduce costs[22] - Cash inflow from investment activities was $2.06 billion in 2025, down 22.5% from $2.66 billion in 2024[24] - Net cash flow from investment activities was -$814.13 million in 2025, compared to -$223.67 million in 2024, indicating a worsening position[24] - Cash inflow from financing activities was $20.97 million in 2025, slightly down from $21.78 million in 2024[25] - Net cash flow from financing activities improved to -$16.27 million in 2025 from -$83.72 million in 2024, showing a positive trend[25] - The ending cash and cash equivalents balance decreased to $257.65 million in 2025 from $944.37 million in 2024, a decline of 72.7%[25] - The company received $11.43 million in tax refunds in 2025, down 48.1% from $22.41 million in 2024[24]