JZT(SZ:000989)2025-10-29 11:20Financial Performance - The company's revenue for Q3 2025 was ¥362,940,886.72, a decrease of 5.51% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥7,757,974.26, down 78.30% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was -¥5,028,130.35, a decline of 118.77% compared to the previous year[4]. - Total operating revenue decreased to ¥1,627,453,256.26 from ¥2,063,533,614.86, representing a decline of approximately 21.1% year-over-year[18]. - Net profit for the period was ¥165,975,708.10, down from ¥239,661,674.79, indicating a decrease of approximately 30.7% year-over-year[20]. - The net profit attributable to shareholders for the first nine months of 2025 was ¥15,153.16 million, a decrease of 36.94% compared to the same period in 2024[9]. - Earnings per share (basic and diluted) decreased to ¥0.1791 from ¥0.2825, reflecting a decline of about 36.6% year-over-year[20]. Cash Flow and Liquidity - Operating cash flow for the year-to-date increased by 527.78% to ¥310,998,522.11, attributed to improved collection efforts and reduced cash payments for goods and services[5]. - Cash generated from operating activities was ¥1,535,644,342.67, compared to ¥1,591,185,666.36 in the previous period, a decrease of approximately 3.5%[22]. - The net cash flow from operating activities was $310,998,522.11, a significant improvement compared to a negative cash flow of $72,700,547.42 in the previous period[23]. - Cash inflow from investment activities totaled $3,037,054,887.07, compared to $848,247,967.62 in the prior period, indicating a substantial increase[23]. - Cash paid for purchasing goods and services was $211,341,697.78, down from $475,680,148.15, indicating improved cost management[23]. - The company paid $253,884,603.60 in dividends and interest, a decrease from $338,612,804.80, suggesting a focus on cash conservation[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,997,906,547.53, a decrease of 4.10% from the end of the previous year[4]. - Total current assets decreased from 2,860,413,179.28 RMB to 2,691,463,075.70 RMB, a decline of approximately 5.9%[15]. - Total liabilities decreased to ¥1,137,979,259.21 from ¥1,263,509,520.45, a reduction of about 9.9% year-over-year[16]. - Total equity decreased to ¥3,859,927,288.32 from ¥3,947,931,337.74, indicating a decline of approximately 2.2% year-over-year[16]. - The company reported a total non-current asset value of 2,306,443,471.83 RMB[15]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 57,358[11]. - The largest shareholder, Heilongjiang Cheneng Investment Co., Ltd., holds 24.04% of shares, totaling 205,730,587 shares[11]. - The second-largest shareholder, Li Zhenguo, holds 18.91% of shares, totaling 161,898,371 shares, with 80,470,000 shares pledged[11]. Operational Efficiency - Financial expenses decreased by 30.71% to -¥188.10 million, mainly due to reduced interest income[9]. - Total operating costs decreased to ¥1,464,229,123.55 from ¥1,850,492,088.11, a reduction of about 20.8% year-over-year[19]. - The company reported a financial expense of -¥1,881,003.34, compared to -¥2,714,790.48 in the previous period, showing an improvement in financial costs[19]. - The company maintained a stable deferred tax liability of ¥48,064,779.83, slightly up from ¥46,279,844.89, indicating a minor increase of about 3.9% year-over-year[16]. - The company reported a significant increase in construction in progress, rising by 1306.97% due to new project investments[8]. Inventory and Accounts Management - Inventory decreased from 1,061,844,268.00 RMB to 852,553,472.52 RMB, a decline of approximately 19.7%[15]. - Short-term borrowings decreased from 43,862,237.75 RMB to 27,163,488.31 RMB, a decline of approximately 38.3%[15]. - Accounts payable decreased from 59,118,623.45 RMB to 43,648,046.22 RMB, a decline of approximately 26.2%[15].