江航装备(688586) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥165,097,702.29, a decrease of 16.85% compared to the same period last year[3] - The total profit for the period was ¥3,280,701.71, reflecting a significant decline of 90.43% year-over-year[3] - Net profit attributable to shareholders was ¥5,792,195.64, down 82.16% from the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥1,048,863.53, a decrease of 94.12% compared to the same period last year[3] - The basic earnings per share for the period was ¥0.01, a drop of 75.00% year-over-year[3] - Total operating revenue for the first three quarters of 2025 was CNY 637,037,882.59, a decrease of 19.4% compared to CNY 791,412,180.66 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was CNY 42,393,607.98, a decline of 69.0% from CNY 136,616,889.18 in 2024[18] - Operating profit for the first three quarters of 2025 was CNY 43,802,156.67, a decrease of 70.7% compared to CNY 149,215,188.79 in 2024[17] - Basic earnings per share for the first three quarters of 2025 were CNY 0.05, down from CNY 0.17 in 2024[19] Cash Flow and Investments - The net cash flow from operating activities was not applicable for the current period, with a cumulative negative cash flow of ¥175,504,745.90 year-to-date[3] - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 175,504,745.90, slightly improved from -CNY 180,425,793.84 in 2024[20] - Net cash flow from investing activities was -$14.27 million, a decrease from $352.54 million in the previous period, indicating a significant decline in investment performance[21] - The net cash flow from financing activities was -$65.03 million, an improvement from -$95.31 million, indicating a narrowing of losses[21] - The ending cash and cash equivalents balance decreased to $550.21 million from $1.08 billion, a decline of 48.9%[21] - The company reported a significant cash decrease of $254.80 million in the current period compared to an increase of $76.80 million previously[21] - The initial cash and cash equivalents balance was $805.01 million, down from $1.00 billion, reflecting a 19.5% decrease[21] Assets and Liabilities - Total assets at the end of the period were ¥3,604,984,241.64, a slight decrease of 0.39% from the end of the previous year[4] - Total liabilities as of the end of the reporting period were CNY 1,137,671,180.55, compared to CNY 1,123,815,074.15 at the end of 2024[15] - Total equity attributable to shareholders of the parent company was CNY 2,467,313,061.09, a decrease of 1.1% from CNY 2,495,421,481.44 in 2024[15] - The company's cash and cash equivalents decreased to ¥569,232,653.41 from ¥834,004,018.42, a decline of approximately 31.8%[13] - Accounts receivable increased to ¥1,209,487,923.60 from ¥979,542,532.19, reflecting a growth of about 23.4%[13] - Inventory rose to ¥648,514,498.95 from ¥550,361,841.60, indicating an increase of approximately 17.8%[13] - Accounts payable increased to ¥720,550,015.60 from ¥569,730,964.13, showing a rise of approximately 26.4%[14] Research and Development - Research and development expenses totaled ¥47,922,807.26, accounting for 29.03% of operating revenue, an increase of 3.31 percentage points[4] - Research and development expenses for the first three quarters of 2025 were CNY 53,663,309.26, a slight decrease of 3.1% from CNY 55,411,796.19 in 2024[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,609[10] - The largest shareholder, AVIC Aircraft Systems Co., Ltd., holds 324,592,366 shares, representing 41.02% of total shares[11] - The company has no significant changes in the top ten shareholders or their shareholding status[12] Operational Changes - The company experienced a significant decline in profit margins due to changes in order delivery schedules and product sales structure, leading to a decrease in net profit[7] - There are no new strategies or significant operational changes reported for the current period[12] - The company will not apply new accounting standards starting from 2025, as per the announcement[22]