Longi(SH:601012)2025-10-30 09:00Financial Performance - The company's operating revenue for Q3 2025 was approximately ¥18.10 billion, a decrease of 9.78% compared to the same period last year[4]. - The total profit for the period was a loss of approximately ¥1.42 billion, with a year-to-date loss of approximately ¥7.83 billion, reflecting the impact of intense competition in the photovoltaic industry[4][8]. - The net profit attributable to shareholders for Q3 2025 was a loss of approximately ¥834 million, compared to a loss of ¥1.26 billion in the same period last year, indicating a reduction in losses by about 34%[4][8]. - Total operating revenue for the first three quarters of 2025 was ¥50.91 billion, a decrease of 13.2% compared to ¥58.59 billion in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was a loss of ¥3.45 billion, an improvement from a loss of ¥6.52 billion in 2024, indicating a 47.1% reduction in losses[22]. - The company reported a total comprehensive loss of ¥3.54 billion in 2025, compared to a loss of ¥6.61 billion in 2024, indicating a 46.5% reduction in comprehensive losses[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period was approximately ¥1.82 billion, a significant improvement from a cash outflow of approximately ¥8.37 billion in the previous year[4][8]. - Cash flow from operating activities generated a net inflow of ¥1.82 billion in 2025, a significant recovery from a net outflow of ¥8.37 billion in 2024[25]. - The company's cash flow from operating activities for the first three quarters of 2025 showed a net decrease of CNY 1,347,829,484.69, compared to a decrease of CNY 5,366,777,930.35 in the same period of 2024[26]. - The company reported a total cash outflow from operating activities of CNY 102.51 billion, compared to CNY 88.66 billion in the previous period[34]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥153.97 billion, an increase of 0.74% from the end of the previous year[5]. - The company's total liabilities were RMB 96.13 billion, up from RMB 91.44 billion at the end of 2024[17]. - The company's total assets of the company as of September 30, 2025, amounted to CNY 89,570,458,071.78, up from CNY 82,563,514,716.98 at the end of 2024, indicating a growth of 8.1%[28]. - The company's total liabilities increased to CNY 31,201,596,958.57 as of September 30, 2025, compared to CNY 27,834,852,204.27 at the end of 2024, reflecting a rise of 12.7%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 698,502, indicating a stable shareholder base[10]. - The equity attributable to shareholders decreased by 5.77% to approximately ¥57.38 billion compared to the end of the previous year[5]. - The company's total equity as of September 30, 2025, was CNY 58,368,861,113.21, an increase from CNY 54,728,662,512.71 at the end of 2024, representing a growth of 6.0%[30]. Operational Efficiency - The company has focused on enhancing management efficiency and cost control, leading to improved operational performance[13]. - The company's cash flow management and gross margin have improved, with losses narrowing quarter by quarter[13]. - The company's inventory as of September 30, 2025, was CNY 334,630,422.20, significantly higher than CNY 149,032,006.88 at the end of 2024, marking an increase of 124.5%[27]. Earnings and Expenses - The company reported a basic earnings per share of -¥0.11 for Q3 2025, an improvement from -¥0.17 in the same period last year[4]. - Basic earnings per share for the first three quarters of 2025 were -¥0.45, an improvement from -¥0.86 in 2024[22]. - Research and development expenses for the first three quarters of 2025 were CNY 733,317,884.17, an increase of 8.8% from CNY 674,211,778.95 in the same period of 2024[30]. - The company's financial expenses for the first three quarters of 2025 were CNY 331,937,021.25, a significant increase from CNY 6,151,488.88 in the same period of 2024[30].