TZTEK(SH:688003)2025-10-30 09:10Financial Performance - The company's operating revenue for Q3 2025 was ¥380,060,049.37, representing a year-on-year increase of 22.58%[2] - The total profit for the period was a loss of ¥8,987,702.43, with a cumulative loss of ¥42,695,145.12 for the year-to-date[2] - The net profit attributable to shareholders was a loss of ¥976,730.15 for the quarter, with a year-to-date loss of ¥15,169,003.97[2] - Total operating revenue for the first three quarters of 2025 reached ¥976,942,418.55, an increase of 14.8% compared to ¥851,091,088.77 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was reported at -¥42,678,824.60, slightly worse than -¥42,530,492.10 in the previous year[18][19] - Net loss for the first three quarters of 2025 was -¥15,220,257.84, compared to -¥13,667,701.04 in the same period of 2024, indicating a deterioration in profitability[19] - Basic earnings per share for the first three quarters of 2025 were -¥0.0788, compared to -¥0.0713 in the previous year[20] - The company’s total profit for the first three quarters of 2025 was a loss of ¥52,345,340.92, an improvement from a loss of ¥84,409,509.01 in the same period of 2024[27] Research and Development - Research and development expenses totaled ¥77,711,486.90, accounting for 20.45% of operating revenue, a decrease of 4.62 percentage points year-on-year[3] - Research and development expenses for the first three quarters of 2025 were ¥172,805,518.31, slightly up from ¥169,584,854.38 in the same period of 2024[18] - Research and development expenses decreased to ¥123,038,023.74 in 2025 from ¥149,609,979.22 in 2024, reflecting a 17.8% reduction[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,848,054,403.44, an increase of 6.42% compared to the end of the previous year[3] - The company's total current assets amounted to RMB 2.364 billion, an increase from RMB 2.255 billion at the end of 2024[15] - The total assets as of September 30, 2025, were ¥3,689,587,031.81, an increase from ¥3,478,836,299.19 at the end of 2024, showing a growth of 6.0%[25] - Total liabilities increased to ¥1,977,210,429.83 from ¥1,680,729,482.24, reflecting a growth of 17.7% year-over-year[18] - The total liabilities as of September 30, 2025, were ¥1,996,835,279.22, compared to ¥1,693,756,940.00 at the end of 2024, representing an increase of 17.9%[26] - Total equity decreased to ¥1,870,843,973.61 from ¥1,935,114,641.22, a decline of 3.3% compared to the previous year[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥31,296,814.47, indicating an increase in sales collections[8] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥1,425,765,372.93, a 34.1% increase compared to ¥1,063,153,027.20 in the same period of 2024[21] - The net cash flow from operating activities was ¥31,296,814.47, a significant recovery from a net outflow of ¥143,084,422.87 in the previous year[21] - Operating cash flow for the first three quarters of 2025 was ¥57,453,239.36, a significant recovery from a negative cash flow of ¥83,713,102.04 in the same period of 2024[30] - The net cash flow from investing activities was -¥175,120,621.95, worsening from -¥102,027,875.80 in the same period last year[22] - The net cash flow from financing activities was -¥101,811,867.67, a decline from a positive cash flow of ¥199,858,989.23 in the previous year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,090[10] - The company reported a significant increase in long-term equity investments to RMB 38.18 million from RMB 8.85 million at the end of 2024[15] Inventory and Receivables - Accounts receivable decreased to RMB 462.20 million from RMB 623.60 million at the end of 2024[14] - Inventory increased significantly to RMB 1.290 billion from RMB 883.81 million at the end of 2024[14] - The company's inventory increased to ¥1,145,097,478.29, compared to ¥786,300,877.31 at the end of 2024, reflecting a rise of 45.7%[25] Strategic Focus - The company is focusing on platform strategy and expanding into AI-based AOI detection, PCB, semiconductor, and embodied intelligence sectors[13] - The company aims to enhance its operational efficiency through a positive lean management system[13]