GZWRC(SH:600992)2025-10-30 07:55Financial Performance - The company's operating revenue for the third quarter was ¥499,876,343.65, an increase of 5.43% compared to the same period last year[5]. - The total profit for the period was -¥22,895,131.23, with a year-to-date total profit of -¥61,578,158.50[5]. - The net profit attributable to shareholders was -¥22,895,131.23 for the quarter, and -¥61,578,158.50 year-to-date[5]. - The basic and diluted earnings per share for the quarter were both -¥0.0934, and -¥0.2512 year-to-date[6]. - The net loss for the first three quarters of 2025 was CNY 61,578,158.50, compared to a net loss of CNY 23,156,583.91 in the same period of 2024, reflecting a significant deterioration in financial performance[20]. - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.2512, compared to CNY -0.0945 in the same period of 2024, reflecting worsening earnings performance[21]. Assets and Liabilities - The total assets at the end of the period were ¥3,420,148,617.67, reflecting a 3.84% increase from the end of the previous year[6]. - The total assets as of September 30, 2025, amounted to CNY 3,420,148,617.67, an increase of 3.8% from CNY 3,293,646,769.27 at the end of 2024[17]. - The total liabilities increased to CNY 2,027,348,009.41, up 10.2% from CNY 1,839,243,313.31 at the end of 2024[17]. - The equity attributable to shareholders decreased by 4.24% to ¥1,392,800,608.26 compared to the end of the previous year[6]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥52,771,467.06[6]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 933,231,450.21, an increase of 24.3% compared to CNY 750,261,793.88 in the same period of 2024[23]. - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 52,771,467.06, an improvement from -CNY 155,769,859.90 in 2024[23]. - The cash inflow from financing activities increased to CNY 751,101,749.16 in 2025, up 83.4% from CNY 409,514,446.02 in 2024[24]. - The net cash flow from financing activities for the first three quarters of 2025 was CNY 137,258,762.17, compared to CNY 75,499,352.58 in 2024, reflecting a growth of 81.8%[24]. - The total cash outflow from investment activities in the first three quarters of 2025 was CNY 124,344,662.92, a decrease from CNY 406,894,197.01 in 2024[24]. - The net cash flow from investment activities was -CNY 123,721,630.80 in 2025, compared to -CNY 155,166,540.96 in 2024, indicating a reduction in cash outflow[24]. Market Conditions - The company experienced a decline in net profit due to market environment impacts, including reduced industry demand and falling raw material prices[9]. Shareholder Information - The total number of ordinary shareholders at the end of the period was 31,697[12]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 33,059,572.14, slightly down from CNY 33,307,749.33 in the same period of 2024[20]. Inventory and Financing - The company's cash and cash equivalents decreased to CNY 168,017,077.60 from CNY 203,628,949.71 at the end of 2024, indicating liquidity challenges[17]. - The inventory level increased to CNY 587,432,891.57, up from CNY 465,222,512.31 at the end of 2024, suggesting potential overstocking issues[17]. - The company's short-term borrowings decreased significantly to CNY 168,222,594.86 from CNY 381,094,982.75 at the end of 2024, indicating a reduction in reliance on short-term financing[17]. Sales Performance - The cash inflow from sales of goods and services reached CNY 902,537,906.79 in 2025, marking a significant increase from CNY 695,426,146.01 in 2024[23]. - The cash outflow for purchasing goods and services was CNY 600,915,664.63 in 2025, compared to CNY 553,834,789.47 in 2024, reflecting a rise of 8.5%[23]. Accounting Standards - The company did not apply new accounting standards for the first time in 2025[25].