HIGHLY(SH:600619)2025-10-30 09:30Financial Performance - The company's operating revenue for Q3 2025 was CNY 4,062,946,813.59, a decrease of 3.08% compared to the same period last year[3]. - Total profit for the quarter increased by 70.11% to CNY 54,782,210.89, while net profit attributable to shareholders rose by 18.75% to CNY 21,978,599.49[3][7]. - Year-to-date revenue reached CNY 16,489,126,566.87, reflecting an increase of 8.67% year-on-year[3]. - Year-to-date total profit surged by 800.24% to CNY 153,973,052.52, with net profit attributable to shareholders increasing by 143.64% to CNY 55,333,183.25[3][7]. - The company's operating revenue increased by 8.67% year-on-year, while net profit attributable to shareholders rose by 143.64%[11]. - Net profit for the first three quarters of 2025 was ¥112.17 million, a significant recovery from a net loss of ¥5.56 million in the same period of 2024[19]. - The company's operating profit for the first three quarters of 2025 was ¥155.82 million, compared to ¥17.94 million in 2024, indicating a substantial improvement[19]. - The company reported a total comprehensive income of ¥72.28 million for the first three quarters of 2025, compared to a loss of ¥5.64 million in 2024[19]. Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date period was CNY 744,940,849.59, down 57.72% compared to the previous year[3][7]. - Operating cash flow for the first three quarters of 2025 was CNY 744,940,849.59, a decrease of 57.8% compared to CNY 1,761,726,849.43 in the same period of 2024[21]. - Total cash inflow from operating activities was CNY 16,444,426,472.98, while cash outflow was CNY 15,699,485,623.39, resulting in a net cash inflow of CNY 744,940,849.59[21]. - Cash and cash equivalents were reported at approximately 3.62 billion RMB, down from 4.15 billion RMB at the end of 2024[14]. - Current assets totaled 15.59 billion RMB, slightly down from 15.60 billion RMB at the end of 2024[14]. - The total assets at the end of the reporting period amounted to CNY 23,736,311,440.35, a 1.03% increase from the previous year[4]. - As of September 30, 2025, total assets amounted to 23.74 billion RMB, an increase from 23.49 billion RMB at the end of 2024[15]. - Cash and cash equivalents at the end of the period were CNY 3,025,319,747.48, down from CNY 3,710,680,686.27 at the end of 2024[22]. - Current assets decreased to CNY 3,386,992,433.60 from CNY 4,446,688,162.39 at the end of 2024, indicating a reduction of approximately 23.8%[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 165,515, with the largest shareholder holding 25.70% of the shares[9]. - The total equity attributable to shareholders of the parent company was ¥6.12 billion, a marginal increase from ¥6.11 billion in the previous year[16]. - The company’s total equity decreased slightly from CNY 5,701,661,489.82 in the previous year to CNY 5,690,346,201.18 in the current year[25]. Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥16.31 billion, up from ¥15.21 billion in 2024, reflecting a growth of 7.23%[18]. - The company incurred a total operating cost of CNY 2,575,027,123.23 in the first three quarters of 2025, up from CNY 2,277,329,717.68 in the same period of 2024[26]. - The financial expenses decreased significantly to ¥29.66 million in 2025 from ¥104.78 million in 2024, reflecting a reduction of 71.69%[18]. - The financial expenses for the first three quarters of 2025 were CNY 34,719,923.95, slightly higher than CNY 33,824,306.30 in the previous year[26]. Research and Development - Research and development expenses increased to ¥808.59 million in 2025 from ¥679.75 million in 2024, marking a rise of 18.96%[18]. - New product launches include electric compressors and heat pump air conditioners for new energy vehicles, securing multiple new model contracts with clients such as Geely and Nissan[12]. - The company’s automotive casting products received new project approvals from Valeo and other clients, with several projects entering mass production[12]. Liabilities and Borrowings - The total liabilities of the company as of the latest reporting period amounted to ¥15.84 billion, slightly up from ¥15.65 billion in the previous year[16]. - The total liabilities decreased from CNY 4,686,989,165.03 in the previous year to CNY 4,470,887,424.05 in the current year[25]. - The company’s short-term borrowings increased significantly to CNY 451,337,395.56 from CNY 180,000,000.00, indicating a rise of 150.7%[24]. - The company’s long-term borrowings increased significantly to CNY 1,183,800,000.00 in 2025 from CNY 148,500,000.00 in 2024[25].