科达制造(600499) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥441,691.85 million, an increase of 43.89% compared to the same period last year[4] - Total profit for the quarter was ¥79,851.37 million, reflecting a significant increase of 139.53% year-over-year[4] - Net profit attributable to shareholders was ¥40,407.61 million, up 62.65% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥36,161.16 million, representing a 53.25% increase year-over-year[4] - Basic earnings per share for the quarter were ¥0.212, a rise of 60.61% compared to the same period last year[4] - For the first three quarters of 2025, the company achieved operating revenue of RMB 12.605 billion, a year-on-year increase of 47.19%, and a net profit attributable to shareholders of RMB 1.149 billion, up 63.49% year-on-year[12] - Total operating revenue for the first three quarters of 2025 reached CNY 1,260,533.74 million, a significant increase of 47.2% compared to CNY 856,379.59 million in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 183,222.05 million, up 119.5% from CNY 83,692.42 million in the first three quarters of 2024[21] - Operating profit for the first three quarters of 2025 was CNY 209,336.47 million, an increase of 120.2% compared to CNY 95,028.60 million in the same period of 2024[21] - The total comprehensive income for the first three quarters of 2025 was CNY 200,361.91 million, significantly higher than CNY 75,277.97 million in the same period of 2024[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,991,358.35 million, an increase of 11.00% from the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to RMB 299.14 billion, compared to RMB 269.50 billion at the end of 2024[16] - The company’s current liabilities totaled RMB 980.80 million, an increase from RMB 896.44 million at the end of 2024[17] - The company’s cash and cash equivalents stood at RMB 3.87 billion, up from RMB 2.95 billion at the end of 2024[15] - The fixed assets of the company increased to RMB 7.22 billion from RMB 6.40 billion at the end of 2024[16] - The total assets and equity of the company reached CNY 2,991,358.35 million and CNY 1,568,137.01 million respectively, showing a year-on-year increase[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥156,040.51 million, a substantial increase compared to the previous year[4] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 156,040.51 million, a substantial increase from CNY 2,353.06 million in the first three quarters of 2024[25] - The cash and cash equivalents at the end of the third quarter of 2025 were CNY 283,891.38 million, up from CNY 255,458.02 million at the end of the third quarter of 2024[25] Business Segments - The significant growth in revenue and profit was primarily driven by the overseas building materials and lithium battery materials segments[6] - The overseas building materials business saw significant revenue growth due to the release of new capacities from projects in Kenya, Côte d'Ivoire, and Tanzania, along with optimized pricing strategies for tile products[12] - The lithium material business has reached a total production capacity of 150,000 tons/year for artificial graphite, with sales volume nearing 70,000 tons, representing a year-on-year increase of over 300%[13] Investments and Projects - The company decided to terminate its investment in the Honduras ceramic project due to increased investment risks and declining expected returns caused by macro policies and market conditions[13] - The company is progressing steadily with the Peru glass project, which is expected to be completed and put into production in 2026[12] Research and Development - Research and development expenses for the first three quarters of 2025 amounted to CNY 27,175.48 million, compared to CNY 24,468.36 million in the same period of 2024, reflecting a growth of 11.1%[20] Shareholder Information - The equity attributable to shareholders was ¥1,257,555.45 million, reflecting a growth of 9.55% year-over-year[4] - The company reported a weighted average return on equity of 3.41%, an increase of 1.22 percentage points from the previous year[4] - The company’s share of net profit from Qinghai Salt Lake Blue Science and Technology Co., Ltd. was RMB 271 million, based on an indirect holding ratio of 43.58%[13] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[26] - The announcement was made by the board of directors of Keda Manufacturing Co., Ltd. on October 30, 2025[27]