QA(SH:603758)2025-10-30 08:50Financial Performance - The company's operating revenue for the third quarter was ¥316,102,618.33, a decrease of 23.84% compared to the same period last year[6] - The total profit for the quarter was ¥54,789,411.24, down 31.99% year-on-year[6] - Net profit attributable to shareholders was ¥50,835,895.12, reflecting a decrease of 23.03% compared to the previous year[6] - Basic earnings per share for the quarter were ¥0.12, a decrease of 25.00% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2025 was CNY 991,477,426.12, a decrease of 17.0% compared to CNY 1,192,958,826.55 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was CNY 131,223,286.60, an increase of 2.6% from CNY 127,899,904.50 in the same period of 2024[23] - Basic earnings per share for the first three quarters of 2025 were CNY 0.31, compared to CNY 0.30 in the same period of 2024[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥212,810,128.19, down 34.36% year-on-year[6] - In the first three quarters of 2025, the net cash flow from operating activities was ¥212,810,128.19, a decrease of 34.3% compared to ¥324,211,807.50 in the same period of 2024[26] - Total cash inflow from operating activities in 2025 was ¥1,181,221,262.43, while cash outflow was ¥968,411,134.24, resulting in a net cash flow of ¥212,810,128.19[26] - The company received ¥27,131,051.38 in cash related to operating activities in the first three quarters of 2025, compared to ¥43,272,250.71 in 2024, reflecting a decline of 37.3%[26] - Cash outflow from financing activities in 2025 amounted to ¥148,513,477.18, compared to ¥296,351,550.94 in 2024, indicating a reduction of 50%[27] - The cash flow from financing activities showed a net outflow of -¥143,040,387.18 in 2025, compared to -¥291,643,570.95 in 2024, indicating an improvement[27] Assets and Liabilities - Total assets at the end of the quarter were ¥2,854,617,615.41, a decrease of 1.04% from the end of the previous year[7] - The company's total liabilities as of September 30, 2025, amounted to CNY 320,299,628.54, compared to CNY 500,377,981.38 at the end of 2024[21] - The total equity attributable to shareholders increased to CNY 2,534,317,986.87 as of September 30, 2025, from CNY 2,384,111,861.98 at the end of 2024, representing a growth of 6.3%[22] - The company's total assets as of September 30, 2025, are ¥2,854,617,615.41, compared to ¥2,884,489,843.36 at the end of 2024[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,275[14] - The largest shareholder, Yuanming Tang, holds 284,153,069 shares, representing 64.76% of the total shares[14] Acquisition Plans - The company is planning to acquire 99% of Anhui Yigao Optoelectronics Technology Co., Ltd. through a cash transaction[16] - The company has terminated the plan to issue shares and pay cash for the acquisition of Anhui Yigao Optoelectronics and is negotiating a cash purchase instead[17] Operating Costs and Expenses - The decline in total profit was attributed to a decrease in sales volume and intensified industry competition, leading to a 23.84% drop in revenue[11] - The company's comprehensive gross profit margin decreased by 1.15% due to the lower revenue decline compared to the decrease in operating costs[12] - Total operating costs for the first three quarters of 2025 were CNY 864,302,314.73, down from CNY 1,013,586,980.13 in 2024, reflecting a reduction of 14.7%[22] - Research and development expenses for the first three quarters of 2025 were CNY 26,524,626.51, an increase of 12.4% from CNY 23,653,110.56 in 2024[22] Cash and Cash Equivalents - The company's cash and cash equivalents are reported at ¥1,050,801,084.43, down from ¥1,082,660,246.99 at the end of 2024[19] - The cash and cash equivalents at the end of Q3 2025 were ¥1,043,451,320.55, up from ¥930,505,674.52 at the end of Q3 2024[27]