Zhejiang Shuangyuan Technology (SH:688623)2025-10-30 08:05Financial Performance - The company's operating revenue for the third quarter was ¥84,539,789.17, a decrease of 20.34% compared to the same period last year[4]. - The total profit for the quarter was ¥19,251,851.62, reflecting a slight increase of 1.50% year-over-year[4]. - The net profit attributable to shareholders was ¥15,568,702.17, down 14.18% from the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥12,613,691.66, a decrease of 6.61% compared to the same period last year[4]. - The net profit attributable to shareholders for the year-to-date period was ¥52,075,945.56, a decrease of 24.77% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 246,038,366.58, a decrease of 13.5% compared to CNY 284,372,145.64 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 52,075,945.56, a decline of 24.8% from CNY 69,223,699.86 in the same period of 2024[19]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.88, compared to CNY 1.17 in the previous year[20]. Expenses and Costs - Research and development expenses totaled ¥10,323,875.43, accounting for 12.21% of operating revenue, an increase of 0.99 percentage points year-over-year[5]. - Total operating costs for the first three quarters of 2025 were CNY 202,232,356.86, down 5.3% from CNY 213,555,356.95 in the previous year[18]. - Cash paid for employee compensation was $79,632,936.70, slightly down from $83,739,381.91, indicating a decrease of approximately 4.2%[23]. - Cash paid for the acquisition of fixed assets was $38,472,201.21, down from $46,779,879.79, indicating a decrease of approximately 17.8%[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,624,630,470.74, a decrease of 1.59% from the end of the previous year[5]. - Total current assets decreased to ¥2,387,635,853.77 from ¥2,445,954,658.16 year-over-year[14]. - The total liabilities amounted to CNY 516,154,930.00, down from CNY 540,623,840.13 in the previous year[16]. - Non-current liabilities totaled CNY 5,405,605.15, a decrease from CNY 5,866,451.12 in the previous year[16]. - Deferred income tax assets increased to CNY 24,411,076.20 from CNY 12,434,774.80 in the previous year[16]. Cash Flow - The company reported a cash flow from operating activities of ¥93,509,710.92 for the year-to-date period[4]. - Operating cash inflow totaled $304,471,326.52, an increase from $250,422,787.22 in the previous period, reflecting a growth of approximately 21.6%[23]. - Net cash outflow from operating activities was $210,961,615.60, compared to $256,726,871.67 previously, indicating a decrease of about 17.8%[23]. - Net cash flow from investing activities was -$147,084,517.00, an improvement from -$487,674,305.28 in the prior period, showing a reduction in losses by approximately 69.8%[23]. - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 279,448,028.48, an increase from CNY 209,176,619.12 in the same period of 2024[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,922[11]. - The largest shareholder, Hangzhou Kaibit Investment Management Co., Ltd., holds 23,188,406 shares, accounting for 39.21% of total shares[11]. - The total number of shares repurchased by Zhejiang Shuangyuan Technology Co., Ltd. is 543,996, representing 0.92% of the total share capital[12]. - The company has a total of 1,522,112 unrestricted circulating shares held by Yibin Chendao New Energy Industry Equity Investment Partnership[11]. - The total number of shares held by the top 10 shareholders includes significant stakes from both institutional and individual investors[11]. - The company has not reported any changes in the participation of major shareholders in securities lending or borrowing activities[13]. Non-Recurring Gains and Losses - Non-recurring gains and losses for the quarter amounted to ¥2,955,010.51, with government subsidies contributing ¥522,581.88[7].