万年青(000789) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for the third quarter was CNY 1,116,354,526.96, a decrease of 21.93% compared to the same period last year[5] - The net profit attributable to shareholders was CNY -33,285,267.05, representing a decline of 708.62% year-on-year[5] - The basic earnings per share were CNY -0.0428, down 724.16% from the previous year[5] - Total operating revenue for the current period is ¥3,327,706,983.75, a decrease of 17.2% from ¥4,018,003,129.15 in the previous period[18] - Net profit for the current period is ¥17,089,469.57, a decrease of 10.2% compared to ¥19,035,584.46 in the previous period[19] - The net profit attributable to the parent company's shareholders is ¥7,485,498.23, an increase of 7.3% from ¥6,978,139.99 in the previous period[19] - Basic earnings per share for the current period is ¥0.0097, compared to ¥0.0088 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,799,383,066.65, a decrease of 4.43% from the end of the previous year[5] - Total assets decreased to ¥15,799,383,066.65 from ¥16,532,535,480.70, reflecting a decline of 4.4%[17] - Total liabilities decreased to ¥5,856,496,720.29 from ¥6,274,787,075.09, a reduction of 6.7%[17] - Total equity attributable to the parent company is ¥6,590,391,665.73, down 4.4% from ¥6,893,856,333.62[17] Cash Flow - The company reported a cash flow from operating activities of CNY 415,593,509.22, an increase of 20.81% year-to-date[5] - Operating cash flow for the current period is ¥415,593,509.22, an increase of 20.8% compared to ¥344,010,890.91 in the previous period[20] - Total cash inflow from investment activities is ¥1,084,776,980.57, significantly higher than ¥71,286,676.03 in the previous period[20] - Net cash flow from investment activities is ¥86,767,088.87, recovering from a negative cash flow of -¥1,138,545,627.57 in the previous period[20] - Cash inflow from financing activities totals ¥1,266,998,841.04, up from ¥607,818,000.00 in the previous period[21] - Net cash flow from financing activities is -¥332,740,101.02, worsening from -¥226,094,822.60 in the previous period[21] - The ending balance of cash and cash equivalents is ¥2,848,439,098.75, an increase from ¥2,284,176,019.74 in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,758[11] - The company held a total of 38,467,823 shares in its repurchase account, accounting for 4.82% of the total share capital[12] - The top shareholder, Jiangxi Cement Co., Ltd., holds a 44.44% stake with 354,385,404 shares[12] - The company has no preferred shareholders or significant changes in shareholder structure reported[13] Operational Metrics - The company experienced a 30.29% decrease in accounts receivable financing, primarily due to a reduction in accepted bills during the period[9] - The construction in progress increased by 182.93% to CNY 47,363,110.35, reflecting progress in ongoing projects[9] - The company recorded a 91.85% increase in asset disposal gains, amounting to CNY 43,239,189.52, due to increased gains from subsidiary relocations[9] - Research and development expenses increased to ¥65,548,895.46, up 13.0% from ¥57,790,470.15 in the previous period[18] Inventory and Receivables - Total current assets of ¥7,180,485,895.79 as of September 30, 2025, a decrease from ¥7,361,670,254.97 at the beginning of the period, reflecting a decline of approximately 2.45%[15] - Accounts receivable decreased to ¥1,479,067,460.33 from ¥1,653,716,825.83, indicating a reduction of approximately 10.51%[15] - Inventory levels slightly increased to ¥462,604,340.91 from ¥457,484,812.00, showing a rise of about 1.46%[15] - The company's fixed assets decreased to ¥6,060,418,321.18 from ¥6,539,640,242.46, a decline of approximately 7.33%[15] - Long-term equity investments remained stable at ¥23,428,318.12 compared to ¥23,427,614.92 at the beginning of the period[15] Strategic Developments - There are no significant new strategies or product developments mentioned in the conference call[14]