SPAS(SH:603168)2025-10-30 08:05Financial Performance - The company's operating revenue for the third quarter was ¥114,539,032.74, a decrease of 6.54% compared to the same period last year[4]. - The total profit for the year-to-date period reached ¥25,365,780.91, with a net profit attributable to shareholders of ¥27,632,247.92[4]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥17,364,632.37 for the third quarter[4]. - Total operating revenue for the first three quarters of 2025 was CNY 350,629,873.70, a decrease of 2.14% compared to CNY 359,402,017.18 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was CNY 27,627,752.51, a turnaround from a net loss of CNY 28,400,706.00 in the same period of 2024[22]. - The company reported a total profit of CNY 25,365,780.91 for the first three quarters of 2025, compared to a total loss of CNY 22,988,834.03 in the previous year[22]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥60,020,426.83, representing a significant increase of 417.50%[5]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately $422.92 million, an increase from $406.77 million in the same period of 2024, representing a growth of about 4%[24]. - The net cash flow from operating activities significantly improved to $60.02 million in 2025, compared to $11.60 million in 2024, indicating a substantial increase in operational efficiency[24]. - Total cash outflow for operating activities was approximately $362.90 million in 2025, a decrease from $395.17 million in 2024, indicating better cost management[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,131,853,844.83, reflecting a 1.22% increase from the end of the previous year[5]. - Total current assets increased to ¥418,032,263.40 from ¥366,665,116.02, a growth of approximately 14.0%[15]. - Total liabilities decreased slightly to CNY 513,251,593.45 from CNY 516,587,993.08[20]. - Non-current assets totaled ¥1,713,821,581.43, down from ¥1,739,587,919.89, a decrease of approximately 1.5%[16]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 28,285[12]. - Shanghai Yanghe Industrial Co., Ltd. holds 20.82% of shares, with 78,249,836 shares pledged[12]. - Chen Dekang, a natural person, holds 11.67% of shares, totaling 43,871,004 shares[12]. Earnings Per Share - The basic earnings per share for the third quarter was ¥0.01, unchanged from the previous year[5]. - The diluted earnings per share for the third quarter was also ¥0.01, consistent with the previous year[5]. - Basic earnings per share for the first three quarters of 2025 was CNY 0.07, compared to a loss of CNY 0.08 in the same period of 2024[22]. Cost Management - The company has implemented cost control measures, resulting in a reduction in management expenses compared to the previous year[9]. - Total operating costs decreased significantly to CNY 336,856,292.82 from CNY 401,137,647.70, representing a reduction of approximately 16.06%[21]. - Research and development expenses decreased to CNY 14,861,974.29 from CNY 44,765,811.58, a reduction of approximately 66.8%[21]. Government Subsidies - The company reported a significant increase in government subsidies recognized, amounting to ¥1,583,793.41 for the year-to-date period[7]. Investment Activities - Cash outflow from investment activities totaled approximately $127.50 million in 2025, a decrease from $282.94 million in 2024, reflecting a reduction in capital expenditures[25]. - The net cash flow from investment activities was negative at -$85.68 million in 2025, an improvement from -$188.69 million in 2024, suggesting better investment management[25]. - The company received approximately $40.47 million from other investment-related cash inflows in 2025, a significant increase from $10.09 million in 2024, reflecting improved investment returns[25]. Financial Reporting - The company did not apply new accounting standards for the first time in 2025, maintaining consistency in financial reporting[26].