XGMA(SH:600815)2025-10-30 09:10Financial Performance - The company's operating revenue for the third quarter was ¥119,768,043.55, a decrease of 26.32% compared to the same period last year[4]. - The total profit for the quarter was -¥7,760,289.44, reflecting a decline of 157.04% year-over-year[9]. - The net profit attributable to shareholders was -¥9,648,641.87, a significant drop of 732.81% compared to the previous year[4]. - Basic earnings per share for the quarter were -¥0.0054, down 700.00% from the same period last year[5]. - Total operating revenue for the first three quarters of 2025 was ¥431,231,686.14, a decrease of 23.3% compared to ¥562,262,727.04 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was ¥6,423,620.78, a decline of 86.0% compared to ¥45,800,299.28 in 2024[20]. - The company reported a net loss attributable to shareholders of ¥6,285,249.54 for the first three quarters of 2025, compared to a profit of ¥7,511,351.35 in 2024[20]. - Basic earnings per share for the first three quarters of 2025 was -¥0.0035, compared to ¥0.0042 in the same period of 2024[20]. Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of -¥141,168,983.68, which is a decrease of 203.63% year-to-date[4]. - The net cash flow from operating activities was -141,168,983.68, compared to 136,227,207.10 in the previous period, indicating a significant decline in operational cash generation[22]. - The total cash outflow from operating activities was 594,276,657.69, compared to 466,530,459.85, indicating higher operational costs[22]. - The total cash and cash equivalents at the end of the period were 119,484,666.67, down from 284,184,443.79, indicating a reduction in liquidity[23]. - Cash received from sales of goods and services in the first three quarters of 2025 was ¥425,387,997.55, a decrease of 23.8% from ¥558,367,106.50 in 2024[21]. - Cash received from the recovery of investments was 701,712,917.81, significantly lower than 2,387,985,589.04 in the prior period, highlighting a drop in investment recoveries[22]. - Cash paid for the purchase of fixed assets and other long-term assets was 66,538,541.44, compared to 24,011,550.01, indicating increased capital expenditures[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,256,063,970.49, down 2.85% from the end of the previous year[5]. - The total current assets as of September 30, 2025, amounted to RMB 1,557,232,085.64, a slight decrease from RMB 1,588,019,012.84 on December 31, 2024[14]. - The company's total assets decreased to RMB 2,256,063,970.49 from RMB 2,322,240,568.87, showing a decline of about 2.84%[15]. - Total liabilities as of the reporting date were ¥537,076,877.03, down from ¥585,086,104.69 in the previous period[19]. - The total liabilities increased, with accounts payable rising to RMB 146,139,669.27 from RMB 120,809,633.60, an increase of about 21%[15]. - Short-term borrowings rose to RMB 28,813,633.34, compared to RMB 10,083,500.00 at the end of 2024, indicating a substantial increase in leverage[15]. Shareholder Equity - The equity attributable to shareholders was ¥1,517,748,717.35, a slight decrease of 0.27% compared to the previous year-end[5]. - Total equity attributable to shareholders was ¥1,517,748,717.35, slightly down from ¥1,521,892,496.57 in the previous period[19]. - The controlling shareholder, Xiamen Haiyi Group Co., Ltd., increased its stake by acquiring 11,309,600 shares, representing 0.6375% of the total issued shares from February 14, 2025, to August 13, 2025[13]. Operational Insights - The decline in total profit and net profit was primarily attributed to a decrease in revenue from the shield tunneling business[9]. - The company reported non-recurring gains and losses totaling ¥11,337,559.80 for the quarter[8]. - Inventory increased significantly to RMB 348,657,838.91 from RMB 240,342,977.98, reflecting a growth of approximately 45% year-over-year[14]. - Accounts receivable increased to RMB 249,409,912.70 from RMB 226,929,809.82, reflecting a growth of approximately 9.5%[14]. - The company reported a financial expense of -¥2,756,468.04 for the first three quarters of 2025, a significant improvement from ¥5,404,596.89 in 2024[19]. Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[24].