时创能源(688429) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥253,787,720.34, representing a year-on-year increase of 34.47%[3] - Year-to-date operating revenue reached ¥704,750,026.54, reflecting a 54.30% increase compared to the same period last year[3] - The total profit for the period was -¥94,569,209.11, with a year-to-date total profit of -¥316,868,839.63, indicating significant losses[3] - The net profit attributable to shareholders for Q3 was -¥75,177,210.96, and year-to-date net profit was -¥254,393,496.16[3] - The net loss for the first three quarters of 2025 was ¥254,443,147.50, compared to a net loss of ¥513,294,666.77 in the same period of 2024, showing an improvement of approximately 50.5%[22] - The operating profit for the first three quarters of 2025 was reported at -¥317,900,984.54, an improvement from -¥564,783,439.14 in 2024[21] - The company recorded a total profit loss of ¥315.16 million for the first three quarters of 2025, an improvement from a loss of ¥562.49 million in the same period of 2024[32] Research and Development - Research and development expenses totaled ¥58,829,661.61 for the quarter, accounting for 23.18% of operating revenue, a decrease of 9.91 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were ¥174,805,010.58, compared to ¥156,961,254.38 in 2024, reflecting an increase of about 11.4%[21] - Research and development expenses increased to ¥166.42 million, up 9.9% from ¥152.52 million in the first three quarters of 2024[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,637,616,280.19, down 5.92% from the end of the previous year[4] - The total liabilities decreased from ¥3,246,050,681.41 in the previous year to ¥3,189,644,865.51 in 2025, a reduction of approximately 1.7%[17] - The total assets decreased from ¥4,929,616,758.84 in the previous year to ¥4,637,616,280.19 in 2025, a decline of about 5.9%[17] - The company's equity attributable to shareholders decreased from ¥1,680,415,196.46 in 2024 to ¥1,443,470,185.05 in 2025, a decrease of approximately 14.1%[17] - Total current assets decreased to ¥1,506,590,818.63 from ¥1,637,101,477.37[15] - The total assets as of September 30, 2025, were CNY 4,619,859,440.79, down from CNY 4,906,464,162.20 at the end of 2024[30] - Current assets decreased to CNY 1,474,118,851.28 in 2025 from CNY 1,607,674,343.44 in 2024[28] - Total liabilities decreased to CNY 3,168,611,035.64 in 2025 from CNY 3,220,852,409.34 in 2024[30] Cash Flow - The company reported a negative cash flow from operating activities of -¥30,648,991.25 for the quarter[3] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 567,013,104.06, an increase of 14.2% compared to CNY 496,526,853.02 in the same period of 2024[25] - Net cash flow from operating activities was negative CNY 94,226,594.34 in 2025, an improvement from negative CNY 334,061,130.64 in 2024[25] - Cash inflow from investment activities totaled CNY 1,373,480,111.35 in 2025, a decrease of 22.7% from CNY 1,776,518,112.75 in 2024[25] - Cash inflow from financing activities was CNY 333,932,327.77 in 2025, up from CNY 218,326,466.13 in 2024[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,720[12] - The largest shareholder, Nanjing Shichuang Venture Capital Co., Ltd., holds 142,941,654 shares, representing 35.74% of total shares[12] - The second-largest shareholder, Nanjing Sicheng Venture Capital Partnership, holds 137,231,879 shares, accounting for 34.31%[12] - The total number of shares held by the top ten shareholders includes significant stakes from both domestic and foreign investors[13] - The company has not reported any changes in the participation of major shareholders in securities lending activities[13] Other Financial Metrics - The weighted average return on equity was -5.10% for the quarter, compared to -16.27% year-to-date[4] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.64, compared to -¥1.29 in the same period of 2024, indicating an improvement in loss per share[22] - Deferred income tax assets increased from ¥150,911,735.56 in the previous year to ¥214,236,421.30 in 2025, an increase of approximately 42%[17] - The company's retained earnings showed a significant decline, with a loss of CNY 267,117,925.67 in 2025 compared to a loss of CNY 15,306,093.21 in 2024[30] - Financial expenses increased significantly to ¥52.71 million, compared to a financial income of ¥4.28 million in the same period of 2024[31]