荣晟环保(603165) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥547,599,373.65, representing a year-on-year increase of 1.70%[3] - The net profit attributable to shareholders for the third quarter was ¥55,894,406.85, a decrease of 23.41% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,306,665.23, down 51.13% year-on-year[3] - The basic earnings per share for the third quarter was ¥0.21, a decrease of 25.00% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,608,996,851.58, a decrease of 3.2% compared to CNY 1,662,042,789.57 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 170,918,144.78, down 31.2% from CNY 248,782,134.33 in the same period of 2024[20] - Basic earnings per share decreased to CNY 0.65 from CNY 0.93 year-on-year, reflecting a decline of 30.1%[21] - The company reported a total comprehensive income of CNY 159,497,315.90 for the first three quarters of 2025, significantly lower than CNY 248,884,465.15 in 2024[21] Cash Flow and Assets - The net cash flow from operating activities for the third quarter was -¥153,183,522.35, a decrease of 321.62% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of CNY 415,280,431.09, compared to a net inflow of CNY 33,158,189.99 in the first three quarters of 2024[23] - Cash flow from investing activities resulted in a net outflow of CNY 1,717,301,371.50, worsening from a net outflow of CNY 463,201,322.05 in the previous year[23] - Cash flow from financing activities generated a net inflow of CNY 620,919,297.93, down from CNY 722,823,651.73 in the same period of 2024[23] - Total assets at the end of the reporting period were ¥4,904,644,784.54, an increase of 4.22% compared to the end of the previous year[4] - Total current assets amounted to RMB 3,827,760,799.21, an increase from RMB 3,603,284,206.48 as of December 31, 2024[17] - Total assets reached RMB 4,904,644,784.54 as of September 30, 2025, compared to RMB 4,705,834,620.37 at the end of 2024[18] - Cash and cash equivalents were reported at RMB 76,435,856.12 as of September 30, 2025, a significant decrease from RMB 1,596,608,142.64 at the end of 2024[16] Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥2,121,803,145.85, a decrease of 8.88% compared to the end of the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 16,641[10] - The largest shareholder, Feng Ronghua, holds 38.30% of the company's shares, totaling 104,428,865 shares[10] Debt and Liabilities - Total liabilities increased to RMB 2,782,841,638.69 from RMB 2,377,171,716.19 year-over-year[18] - The company's total equity decreased to RMB 2,121,803,145.85 as of September 30, 2025, down from RMB 2,328,662,904.18 at the end of 2024[18] - The company’s short-term borrowings increased to RMB 1,486,931,815.95 from RMB 1,244,813,860.06 year-over-year[17] Convertible Bonds - The company issued 5.76 million convertible bonds with a total amount of RMB 576 million, which began trading on September 13, 2023[12] - As of September 30, 2025, a total of RMB 178,000 of the convertible bonds had been converted into 15,798 shares, representing 0.0057% of the company's total issued shares prior to conversion[13] - The remaining unconverted amount of the convertible bonds is RMB 575,806,000, accounting for 99.9663% of the total issuance[13] - The company conducted a buyback of 160 convertible bonds from July 2 to July 8, 2025, with the buyback funds distributed on July 11, 2025[15] Expenses - Total operating costs increased to CNY 1,605,072,587.25, up 3.1% from CNY 1,556,575,375.54 year-on-year[19] - Research and development expenses decreased to CNY 82,536,279.30, down 25% from CNY 109,844,279.28 year-on-year[19] - Financial expenses surged to CNY 46,854,616.98, compared to CNY 7,136,322.62 in the same period of 2024, indicating a significant increase in interest expenses[19] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year[24] - The announcement was made by the Board of Directors of Zhejiang Rongsheng Environmental Paper Industry Co., Ltd. on October 30, 2025[25]