FSSS(SH:600399)2025-10-30 09:30Financial Performance - The company's operating revenue for the third quarter was CNY 1,931,582,948.26, a decrease of 10.45% compared to the same period last year[5] - The total profit for the quarter was a loss of CNY 273,684,782.73, representing a decline of 417.87% year-on-year[5] - The net profit attributable to shareholders was a loss of CNY 271,738,563.33, down 409.48% from the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 288,918,898.03, a decrease of 492.78% year-on-year[5] - The basic and diluted earnings per share for the quarter were both CNY -0.1385, reflecting a decline of 411.24% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2025 was CNY 5,754,513,489.69, a decrease of 10.5% compared to CNY 6,434,083,563.98 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was a loss of CNY 549,468,677.36, compared to a profit of CNY 315,761,219.35 in the same period of 2024[22] - Operating profit for the first three quarters of 2025 was a loss of CNY 554,848,957.55, contrasting with a profit of CNY 323,421,431.56 in the previous year[22] - Earnings per share for the first three quarters of 2025 was CNY -0.2800, compared to CNY 0.1601 in the same period of 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,725,023,593.12, a decrease of 3.10% from the end of the previous year[6] - The equity attributable to shareholders was CNY 5,764,191,344.78, down 9.22% from the previous year[6] - Current assets totaled RMB 6,030,038,647.65, down from RMB 6,431,771,973.85 in the previous period[17] - Total liabilities reached RMB 6,960,832,248.34, compared to RMB 6,782,270,484.13 previously[18] - Short-term borrowings decreased to RMB 605,457,297.95 from RMB 872,521,290.00, a reduction of approximately 30.7%[18] - Long-term borrowings increased to RMB 2,457,887,558.24 from RMB 2,009,268,593.79, an increase of about 22.2%[18] - The total equity remained stable at RMB 1,972,100,000.00[18] - The total cash and cash equivalents at the end of the period were 372,528,696.48, a significant decrease from 889,287,591.49 in the previous period[27] Cash Flow and Expenses - Cash inflow from operating activities was CNY 4,820,326,753.93, a decline from CNY 5,859,115,459.17 in the first three quarters of 2024[25] - The net cash flow from operating activities was -1,126,262,281.06, a decrease compared to -358,732,859.62 in the previous period[26] - Cash inflow from investment activities totaled 233,843,165.23, down from 428,368,804.75 in the prior period[26] - The net cash flow from financing activities increased to 676,110,082.71 from 581,177,955.82 year-over-year[26] - The company reported a total cash outflow from operating activities of 5,946,589,034.99, compared to 6,217,848,318.79 previously[26] - Cash paid for employee compensation was 738,830,481.92, reflecting a decrease from 782,546,726.85[26] - Cash paid for taxes was 44,449,509.21, down from 107,434,025.43 in the previous period[26] - Cash inflow from the recovery of investments was 220,000,000.00, compared to 410,000,000.00 previously[26] - Cash paid for fixed assets and intangible assets was 278,664,162.13, slightly up from 278,635,377.54[26] Operational Challenges - The company experienced a significant decline in product orders and prices, impacting overall profitability[10] - New projects have been launched but faced delays in production certification, leading to higher production costs[10] - The company has increased product quality requirements to meet industry standards, resulting in higher quality costs[10] - Total operating costs increased to CNY 6,323,675,572.83, up 2.3% from CNY 6,181,173,186.32 year-over-year[21] - The company reported a decrease in sales expenses to CNY 43,193,872.89, down from CNY 46,534,929.15 in the previous year[21] - Other income for the first three quarters of 2025 was CNY 20,834,218.76, significantly lower than CNY 62,692,137.75 in the same period of 2024[22] Shareholder Information - The company reported no significant changes in the shareholder structure or participation in margin financing activities[14]