2025-10-30 08:55Financial Performance - The company's operating revenue for Q3 2025 reached ¥6,616,119,109, representing a year-on-year increase of 9.58% compared to ¥5,972,702,299 in the same period last year[5] - The total profit for the quarter was ¥1,185,169,909, a 2.94% increase from ¥1,171,543,008 in the previous year[5] - Net profit attributable to shareholders was ¥1,048,996,114, up 7.69% from ¥994,344,893 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥1,025,631,731, reflecting a significant increase of 30.92% compared to ¥888,574,768 in the same period last year[9] - The company achieved operating revenue of RMB 18.83 billion in Q3 2025, a year-on-year increase of 14.86% from RMB 16.39 billion in the same period last year[17] - Total operating revenue for the first three quarters of 2025 reached ¥18,830,090,711, an increase of 14.9% compared to ¥16,393,523,464 in the same period of 2024[26] - Operating profit for the first three quarters of 2025 was ¥3,255,025,448, up 15.8% from ¥2,809,706,680 in the first three quarters of 2024[28] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥2,720,497,968, representing a 10.8% increase from ¥2,454,223,730 in the same period of 2024[28] - Basic earnings per share for the first three quarters of 2025 were ¥1.98, up from ¥1.74 in the same period of 2024[28] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥2,116,958,001, a remarkable increase of 303.02% compared to ¥554,465,376 in the previous year[9] - Cash flow from operating activities for the first three quarters of 2025 was ¥2,116,958,001, a substantial increase from ¥525,274,580 in the same period of 2024[30] - The company's total assets reached RMB 69.55 billion as of September 30, 2025, compared to RMB 64.80 billion at the end of 2024[21] - The total assets of the company reached ¥69,547,876,862 in 2025, an increase from ¥64,802,246,319 in 2024, indicating growth in the company's asset base[23] - The company's cash and cash equivalents stood at RMB 6.08 billion, down from RMB 10.65 billion at the end of 2024[21] - Accounts receivable increased to RMB 14.31 billion from RMB 11.61 billion, indicating a rise in credit sales[21] - The company reported a significant increase in inventory, which rose to RMB 9.47 billion from RMB 7.06 billion, suggesting higher production or slower sales[21] Research and Development - Research and development expenses totaled ¥699,666,408 for the quarter, representing 10.58% of operating revenue, an increase of 0.21 percentage points year-on-year[9] - The company continues to focus on R&D, with development expenditures amounting to RMB 315.44 million, up from RMB 254.42 million in the previous year[21] - Research and development expenses for the first three quarters of 2025 totaled ¥1,877,955,245, compared to ¥1,559,710,234 in the first three quarters of 2024, indicating a significant investment in innovation[28] Shareholder Information - The top ten shareholders include CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., holding 44.21% of shares, and HKSCC Nominees Limited, holding 35.92%[14] - The company is indirectly controlled by CRRC Corporation Limited, which holds a total of 49.77% of the shares[17] Liabilities and Equity - Total liabilities increased to ¥24,998,004,242 in 2025 from ¥20,039,828,511 in 2024, reflecting a growth of 24.5%[23] - The total equity attributable to shareholders of the parent company decreased slightly to ¥41,108,561,140 in 2025 from ¥41,527,759,522 in 2024[23] Acquisitions - The company completed the acquisition of Hunan CRRC Commercial Vehicle Power Technology Co., Ltd., which was included in the consolidated financial statements, leading to retrospective adjustments[6] Return on Assets - The weighted average return on net assets was 2.42%, a slight decrease of 0.01 percentage points compared to the previous year[9]