XUSHENG(SH:603305)2025-10-30 08:40Financial Performance - The company's operating revenue for the third quarter was CNY 1,129,711,744.61, representing a year-on-year increase of 0.41%[5] - Net profit attributable to shareholders for the quarter was CNY 99,213,180.27, a significant increase of 70.43% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 90,659,687.21, up 96.36% year-on-year[5] - Basic earnings per share for the quarter were CNY 0.10, reflecting a rise of 42.86% year-on-year[6] - Net profit for the first three quarters of 2025 was CNY 299,568,626.25, a decline of 6.4% from CNY 320,182,769.86 in the previous year[22] - The company's basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.31, compared to CNY 0.35 in the same period of 2024[22] - The company recorded a total comprehensive income of CNY 339,883,797.48 for the first three quarters of 2025, compared to CNY 304,168,951.91 in 2024, marking an increase of 11.8%[22] Cash Flow - The net cash flow from operating activities for the quarter was CNY 271,062,779.18, an increase of 201.30% compared to the previous year[5] - The company experienced a decline of 31.69% in net cash flow from operating activities for the year-to-date period, primarily due to reduced cash receipts from sales[11] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $3.57 billion, a decrease of 5.2% compared to $3.77 billion in the same period of 2024[24] - Net cash flow from operating activities decreased to approximately $571.69 million in 2025, down 31.7% from $836.90 million in 2024[24] - Total cash outflow from operating activities was approximately $3.00 billion in 2025, an increase of 2.4% from $2.93 billion in 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,358,574,053.97, a decrease of 4.50% from the end of the previous year[6] - Total current assets decreased to ¥5,744,467,817.18 from ¥6,604,881,966.78 year-over-year[16] - Total liabilities decreased to CNY 6,323,123,302.02 in 2025 from CNY 7,350,999,657.73 in 2024, indicating a reduction of approximately 13.9%[18] - Total equity increased to CNY 7,035,450,751.95 in 2025 from CNY 6,637,638,866.05 in 2024, representing an increase of about 6.0%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 54,638[13] - The largest shareholder, Ningbo Meishan Bonded Port Area Xusheng Holdings, holds 254,766,935 shares, accounting for 26.03% of total shares[14] - The second largest shareholder, Hong Kong Sunrise Industrial Co., Ltd., holds 191,773,686 shares, representing 19.60%[14] Non-Recurring Gains and Expenses - The company reported non-recurring gains of CNY 8,553,493.06 for the quarter, with government subsidies contributing CNY 6,965,755.12[8] - The decrease in inventory impairment losses contributed to the increase in net profit and earnings per share[10] - The company reported a financial expense of CNY 29,177,280.82, which is slightly higher than CNY 29,016,112.52 in the previous year[21] - Research and development expenses for the first three quarters of 2025 were CNY 160,718,535.07, up from CNY 154,581,430.50 in 2024, indicating an increase of 4.3%[21] Cash and Investment Activities - The company’s cash and cash equivalents decreased to ¥2,181,010,609.54 from ¥2,920,677,942.63 year-over-year[16] - Cash inflow from investment activities totaled approximately $1.39 billion in 2025, significantly higher than $171.66 thousand in 2024[25] - Net cash flow from investment activities was negative at approximately -$505.50 million in 2025, an improvement from -$1.51 billion in 2024[25] - Cash inflow from financing activities decreased to approximately $2.08 billion in 2025, down 58.2% from $4.98 billion in 2024[25] - Net cash flow from financing activities was negative at approximately -$853.21 million in 2025, compared to a positive $3.01 billion in 2024[25] - The ending cash and cash equivalents balance for the first three quarters of 2025 was approximately $2.18 billion, a decrease of 48.9% from $4.27 billion in 2024[25] - The company received approximately $63.07 million in tax refunds in 2025, an increase of 113.5% from $29.50 million in 2024[24]