MAYAIR(SH:688376)2025-10-30 08:30Financial Performance - The company's operating revenue for Q3 2025 was ¥551,506,179.73, representing a year-on-year increase of 23.88%[3] - The total profit for the period was ¥53,720,819.53, showing a decrease of 15.30% compared to the same period last year[3] - Net profit attributable to shareholders was ¥42,865,469.40, down 23.01% year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥1,486,421,857.28, a 23.7% increase from ¥1,202,194,353.19 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was ¥152,567,751.66, representing a 3.1% increase compared to ¥148,104,122.24 in 2024[17] - The company reported a total comprehensive income of ¥160,682,244.38 for the first three quarters of 2025, slightly up from ¥159,727,706.58 in 2024[18] Research and Development - Research and development (R&D) expenses for the quarter amounted to ¥30,230,812.10, an increase of 42.40% compared to the same period last year, accounting for 5.48% of operating revenue[4] - The company has increased its focus on R&D, which is expected to drive future growth and innovation[8] - Research and development expenses increased to ¥67,729,584.67, up 18.4% from ¥57,228,875.49 year-over-year[16] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,062,651,131.52, reflecting a growth of 9.84% from the end of the previous year[4] - The total liabilities as of September 30, 2025, were RMB 1,997,360,737.38, compared to RMB 1,894,651,158.42 at the end of 2024, indicating an increase of about 5.4%[15] - The equity attributable to shareholders of the parent company increased to RMB 1,930,642,627.54 from RMB 1,792,424,024.05, a growth of about 7.7%[15] - The company's non-current assets totaled RMB 1,101,892,472.62, compared to RMB 853,655,619.70, reflecting a growth of around 29.1%[14] Cash Flow - The company reported a net cash flow from operating activities of ¥174,850,876.07 for the year-to-date period[3] - The net cash flow from operating activities was $174,850,876.07, a significant improvement compared to a negative cash flow of $43,201,721.44 in the previous period, indicating a recovery in operational performance[20] - Cash inflow from investment activities totaled $596,923,330.69, down from $2,573,520,877.56, reflecting a decrease in investment recovery[20] - The net cash flow from investment activities was negative at -$570,613,482.23, worsening from -$375,353,500.20, highlighting increased cash outflows for investments[20] - The total cash and cash equivalents at the end of the period stood at $612,942,055.08, up from $562,824,337.16, reflecting a slight increase in liquidity[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,817[10] - The largest shareholder, MayAir International Sdn. Bhd., holds 48.73% of the shares[10] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 613,649,665.47 from RMB 591,615,751.67, reflecting a growth of approximately 3.7%[13] - Accounts receivable increased to RMB 1,165,220,092.05 from RMB 989,992,528.18, marking a rise of approximately 17.7%[13] Operating Costs - Total operating costs increased to ¥1,339,128,484.00, up 28.9% from ¥1,038,782,860.60 year-over-year[16] - Sales expenses rose to ¥90,986,255.65, a 22.9% increase from ¥74,102,127.62 in 2024[16] Tax and Capital Expenditures - The company paid $79,954,451.71 in various taxes, an increase from $57,237,414.25, indicating higher tax obligations[20] - The cash outflow for capital expenditures was $174,984,222.10, compared to $134,514,377.76, showing increased investment in fixed assets[20]