Financial Performance - The company's operating revenue for the third quarter was ¥161,728,749.28, an increase of 13.54% compared to the same period last year[3] - The total profit for the quarter was a loss of ¥3,328,175.02, representing a decrease of 406.72% year-on-year[3] - The net profit attributable to shareholders was a loss of ¥3,346,560.10, down 1,014.61% compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 reached ¥513.74 million, an increase of 11.7% compared to ¥459.76 million in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥5.47 million, a decrease of 19.9% from ¥6.82 million in the same period of 2024[21] - The company's basic earnings per share for the first three quarters of 2025 was ¥0.03, down from ¥0.04 in 2024[21] Research and Development - Research and development expenses totaled ¥10,142,843.38, a decrease of 6.16% year-on-year, accounting for 6.27% of operating revenue[4] - Research and development expenses for the first three quarters of 2025 amounted to ¥26.82 million, compared to ¥25.01 million in 2024, indicating a growth of 7.2%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,302,396,824.98, reflecting a 2.96% increase from the end of the previous year[4] - The total assets of the company as of the reporting date were ¥1,302.40 million, an increase from ¥1,264.90 million in the previous year[18] - Total liabilities increased to ¥765.82 million from ¥715.19 million, representing a rise of 7.1%[18] Cash Flow - The company reported a net cash flow from operating activities of ¥36,335,855.96, which decreased by 7.38% year-to-date[3] - Cash inflow from operating activities for the first three quarters of 2025 was $415.45 million, an increase from $393.64 million in the same period of 2024, representing a growth of approximately 5.5%[23] - Net cash flow from operating activities for the first three quarters of 2025 was $36.34 million, compared to $39.23 million in 2024, indicating a decrease of about 7.3%[23] - The ending cash and cash equivalents balance for the first three quarters of 2025 was $57.48 million, down from $135.51 million in 2024, a decrease of approximately 57.6%[24] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 7,217[13] - The largest shareholder, Xu Hui, holds 59,337,960 shares, representing 37.09% of the total shares[13] - The company has a total of 4,896,476 shares in its repurchase account, accounting for 3.06% of total shares[14] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[15] Other Financial Metrics - The weighted average return on net assets was -0.60%, a decrease of 0.55 percentage points compared to the previous year[4] - The company reported a credit impairment loss of ¥9.94 million for the first three quarters of 2025, compared to a loss of ¥2.94 million in the same period of 2024[20] - The company received government subsidies amounting to ¥2,914,628.31, which are closely related to its normal business operations[8] Inventory and Receivables - Accounts receivable increased to ¥295,699,965.33 from ¥278,130,977.42 year-over-year[16] - Inventory stood at ¥109,830,037.39, up from ¥102,550,089.53 compared to the previous year[16] - The company experienced a significant increase in prepayments, which rose by 351.95% due to higher material payments[9] - The number of prepayments increased significantly to ¥28,148,773.42 from ¥6,228,249.89[16] - The company recorded a decrease in long-term receivables by 67.40% as they matured[9] - The total amount of other receivables rose to ¥37,381,668.07 from ¥24,910,192.50[16] Cash and Financial Assets - The company reported cash and cash equivalents of ¥78,104,738.40 as of September 30, 2025, down from ¥84,307,501.47 at the end of 2024[16] - The company has a total of ¥55,000,000.00 in trading financial assets, slightly down from ¥55,068,979.17[16]
元琛科技(688659) - 2025 Q3 - 季度财报