星环科技(688031) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥72,572,690.82, representing a year-on-year increase of 4.59%[3] - The total profit for the period was -¥70,268,023.90, with a year-to-date total profit of -¥213,212,490.77[3] - The net profit attributable to shareholders was -¥70,281,231.03 for the quarter, and -¥213,226,329.76 year-to-date[3] - The basic earnings per share for the quarter was -¥0.58, with a year-to-date figure of -¥1.76[4] - Total operating revenue for the first three quarters of 2025 reached ¥225,078,512.67, an increase of 7.4% compared to ¥209,535,215.72 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was -¥213,226,329.76, an improvement from -¥293,458,565.26 in the same period of 2024[24] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥1.76, compared to -¥2.42 in the same period of 2024[24] Expenses and Costs - Research and development expenses totaled ¥60,184,279.51, accounting for 82.93% of operating revenue, a decrease of 10.61 percentage points compared to the previous year[4] - Research and development expenses for the first three quarters of 2025 were ¥148,102,549.77, down from ¥166,506,881.66 in the same period of 2024, a decrease of 11.0%[22] - Total operating costs decreased to ¥464,838,467.98 from ¥533,643,380.97, representing a reduction of approximately 12.9%[22] - Sales expenses decreased to ¥112,737,845.94 from ¥155,234,087.05, reflecting a reduction of 27.3%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,173,166,353.91, a decrease of 15.98% from the end of the previous year[4] - The equity attributable to shareholders was ¥894,455,777.16, down 18.59% from the previous year[4] - Total assets as of September 30, 2025, amounted to CNY 1,173,166,353.91, a decrease from CNY 1,396,260,210.59 as of December 31, 2024[16] - The total liabilities decreased to ¥278,710,576.75 from ¥301,818,617.33, a decline of approximately 7.6%[19] - Owner's equity attributable to shareholders decreased to ¥894,455,777.16 from ¥1,098,727,497.90, a decrease of about 18.6%[19] - The total assets decreased to ¥1,173,166,353.91 from ¥1,396,260,210.59, indicating a reduction of approximately 15.9%[19] Cash Flow - The cash flow from operating activities for the year-to-date was -¥185,865,807.89, reflecting efforts to improve accounts receivable collection[3][10] - Cash inflow from operating activities totaled ¥352,986,104.38, up from ¥292,162,610.22 in the first three quarters of 2024, marking a growth of 20.8%[24] - The net cash flow from operating activities was -$185.87 million, an improvement from -$317.60 million in the previous period, indicating a reduction in cash outflow[25] - Total cash inflow from investment activities was $2.83 billion, compared to $2.69 billion in the prior period, showing an increase of approximately 5%[25] - The net cash flow from investment activities was $74.60 million, down from $338.35 million, reflecting a significant decrease of about 78%[25] - Cash inflow from financing activities totaled $53.24 million, an increase from $40 million in the previous period, representing a growth of 33%[25] - The net cash flow from financing activities was -$20.90 million, worsening from -$14.50 million, indicating increased cash outflow[25] - The total cash and cash equivalents at the end of the period were $409.93 million, down from $358.46 million, showing a decrease of approximately 12%[25] Shareholder Information - The company completed the first vesting period of its 2023 restricted stock incentive plan, adding 6,400 unrestricted shares[14] - The top ten shareholders hold a combined 43.27% of the total shares, with the largest shareholder owning 9.22%[12] - The company reported a total of 121,135,916 shares outstanding after the stock incentive plan adjustment[14] - The company has not engaged in any share lending or borrowing activities during the reporting period[14] Government Subsidies - The company received government subsidies amounting to ¥10,798,840.47, related to software product tax refunds[8] Inventory and Receivables - Cash and cash equivalents decreased to CNY 409,935,125.85 from CNY 583,266,679.07, reflecting a decline of approximately 29.7%[16] - Accounts receivable decreased to CNY 266,385,068.77 from CNY 334,107,519.36, representing a reduction of about 20.2%[16] - Inventory increased to CNY 68,269,079.51 from CNY 51,607,842.01, indicating an increase of approximately 32.2%[17] Non-Recurring Gains - The company reported a total of ¥2,122,011.49 in non-recurring gains for the period[7]