水发燃气(603318) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥617,907,764.96, representing a year-on-year increase of 4.43%[4] - The total profit for the quarter was ¥41,000,623.23, showing a decrease of 3.46% compared to the same period last year[4] - The net profit attributable to shareholders was ¥15,587,964.62, which is an increase of 26.68% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,888,326.42, reflecting a significant increase of 94.17%[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,807,280,638.20, a decrease of 3.67% compared to CNY 1,876,122,232.73 in the same period of 2024[20] - The company reported a net profit of -CNY 4,647,808.88 for the first three quarters of 2025, a significant decline from a net profit of CNY 111,391,120.81 in the same period of 2024[21] - The operating profit for the first three quarters of 2025 was CNY 88,724,893.34, down from CNY 161,746,368.38 in 2024, reflecting operational challenges[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,395,457,030.83, an increase of 4.17% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 4,395,457,030.83, an increase from RMB 4,219,515,694.00 at the end of 2024[16] - Current assets totaled RMB 1,254,105,538.25, up from RMB 1,143,070,562.94 in the previous year, reflecting a growth of approximately 9.73%[16] - Total non-current assets reached RMB 3,141,351,492.58, compared to RMB 3,076,445,131.06, showing a growth of about 2.1%[17] - The total liabilities increased to CNY 2,560,605,792.13 in 2025 from CNY 2,378,198,372.40 in 2024, indicating a rise in financial obligations[18] - Total current liabilities were RMB 1,590,496,693.17, down from RMB 1,734,981,532.20, indicating a decrease of about 8.3%[17] Shareholder Information - The equity attributable to shareholders decreased by 4.54% to ¥1,420,395,569.16 compared to the end of the previous year[5] - The total equity attributable to shareholders decreased to CNY 1,420,395,569.16 in 2025 from CNY 1,487,920,579.80 in 2024, reflecting a decline in shareholder value[18] - Basic earnings per share for the first three quarters of 2025 were -CNY 0.10, compared to CNY 0.14 in 2024, indicating a negative return for shareholders[22] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥56,796,166.25, down 64.72% compared to the previous year[4] - In the first three quarters of 2025, the net cash flow from operating activities was ¥56,796,166.25, a decrease of 64.7% compared to ¥160,995,237.75 in the same period of 2024[24] - Total cash inflow from operating activities was ¥1,770,888,885.60, down 9.5% from ¥1,956,487,566.97 year-on-year[24] - The net cash flow from investing activities was ¥116,018,844.50, a significant improvement from a negative cash flow of -¥58,303,404.01 in the same period last year[25] - Cash inflow from financing activities totaled ¥2,210,874,258.44, an increase of 80.9% compared to ¥1,223,250,000.00 in 2024[25] Operational Challenges and Strategies - The company experienced a significant decline in net profit for the year-to-date period, down 171.15% to -¥45,469,004.88, primarily due to reduced gas operation revenue and provisions for goodwill impairment[10] - The company reported a total of CNY 52,350,919.29 in non-operating expenses in 2025, compared to CNY 1,530,594.02 in 2024, indicating increased financial strain[21] - Research and development expenses increased to CNY 16,173,963.67 in 2025 from CNY 11,497,667.57 in 2024, highlighting a focus on innovation[20] - The company is actively involved in market expansion and new product development, although specific details were not disclosed in the provided content[15] Shareholder Structure - The company has a major shareholder, Water Development Group Co., Ltd., holding 24.35% of shares, with a pledged amount of 98,113,184 shares[12] Accounting Standards - The company did not apply new accounting standards for the first time in 2025[26]