Baimtec Material (SH:688563)2025-10-30 09:10Financial Performance - The company's operating revenue for Q3 2025 was ¥678,788,750.35, a decrease of 1.14% compared to the same period last year[3]. - The total profit for the period was ¥132,294,794.51, down 2.16% year-on-year[3]. - Net profit attributable to shareholders was ¥119,873,270.99, reflecting a decline of 4.01% compared to the previous year[3]. - The basic earnings per share for the period was ¥0.27, down 3.57% from the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 2,039,415,111.57, a decrease of 7.15% compared to CNY 2,196,144,667.20 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 400,092,176.31, a decrease of 8.20% compared to CNY 435,972,324.76 in 2024[20]. - Earnings per share for the first three quarters of 2025 were CNY 0.89, down from CNY 0.97 in the same period of 2024[20]. Cash Flow - The net cash flow from operating activities showed a significant negative figure of -¥98,215,174.76, indicating a decrease of 71.38% year-on-year[3][8]. - Cash generated from operating activities in the first three quarters of 2025 was CNY 1,651,901,124.21, an increase from CNY 1,425,756,500.98 in 2024[21]. - The net cash flow from operating activities was -98,215,174.76, an improvement from -343,149,030.75 in the previous period, indicating a significant reduction in cash outflow[22]. - The total cash inflow from operating activities was 1,679,687,400.71, compared to 1,474,086,602.76 in the previous period, indicating growth in operational cash generation[22]. - The total cash outflow from operating activities was 1,777,902,575.47, slightly lower than 1,817,235,633.51, showing improved cost control[22]. - The company received tax refunds amounting to 17,927,709.11, contributing positively to cash flow[22]. - The cash inflow from other operating activities was 30,402,392.67, compared to 27,786,276.50 previously, indicating an increase in operational efficiency[22]. Assets and Liabilities - Total assets increased to ¥11,988,246,160.00, representing a growth of 2.16% compared to the end of the previous year[4]. - Total liabilities increased to CNY 1,462,749,235.97 in 2025 from CNY 1,373,714,607.77 in 2024, representing a rise of 6.49%[16]. - Total assets reached CNY 11,988,246,160.00 in 2025, compared to CNY 11,734,820,256.82 in 2024, marking an increase of 2.17%[16]. - The total current assets amounted to approximately CNY 10.60 billion, slightly up from CNY 10.57 billion at the end of 2024, indicating a growth of 1.1%[14]. - The total non-current assets remained stable at CNY 60 million for long-term equity investments[14]. Research and Development - Research and development expenses totaled ¥53,307,336.70, accounting for 7.85% of operating revenue, a decrease of 2.43 percentage points from the previous year[4]. - Research and development expenses for the first three quarters of 2025 were CNY 141,910,215.32, down from CNY 173,539,018.20 in 2024, indicating a decrease of 18.25%[19]. Shareholder Information - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12]. - There are no applicable reminders for investors regarding the company's operational situation during the reporting period[13]. - The company has not engaged in any financing or margin trading activities that would affect the shareholding structure[12]. Other Financial Metrics - The weighted average return on net assets decreased by 0.09 percentage points to 1.15%[3]. - The company reported non-recurring gains of ¥12,968,959.40 for the period, with a total of ¥41,772,106.35 for the year-to-date[6]. - Cash and cash equivalents decreased to CNY 2.85 billion from CNY 3.32 billion, representing a decline of 14.2%[14]. - Accounts receivable increased significantly to CNY 2.23 billion, up from CNY 1.65 billion, reflecting a growth of 35.6%[14]. - Inventory levels rose to CNY 1.26 billion, compared to CNY 1.22 billion, marking an increase of 3.6%[14]. - The company reported a total of CNY 2.56 billion in trading financial assets, down from CNY 2.94 billion, a decrease of 12.8%[14]. - Deferred income tax assets increased to CNY 51,762,231.09 in 2025 from CNY 46,516,568.18 in 2024, showing an increase of 11.67%[16]. - Cash inflow from investment activities totaled 6,918,266,583.69, compared to 6,972,869,025.13 in the prior period, showing a slight decrease[22]. - The net cash flow from investment activities was 1,182,947,571.88, a substantial increase from -4,839,445.88 previously, reflecting a positive turnaround[22]. - Cash outflow from financing activities amounted to 165,760,414.18, down from 245,695,619.27, indicating reduced financing costs[24]. - The net cash flow from financing activities was -162,322,642.83, an improvement from -242,623,627.82 in the previous period, suggesting better management of financing[24]. - The cash and cash equivalents at the end of the period stood at 2,201,918,143.00, down from 3,466,178,665.31, reflecting a decrease in liquidity[24].