QIANHE(SH:603027)2025-10-30 09:25Financial Performance - The company's revenue for Q3 2025 was approximately ¥669.36 million, representing a decrease of 4.29% compared to the same period last year[4] - The total profit for the quarter was approximately ¥105.85 million, down 11.63% year-over-year[4] - The net profit attributable to shareholders was approximately ¥86.34 million, reflecting a decline of 14.55% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was approximately ¥85.46 million, a decrease of 14.82% year-over-year[4] - The basic earnings per share for the quarter was ¥0.0844, down 14.23% from the same period last year[5] - Total operating revenue for the first three quarters of 2025 was CNY 1,986,913,782.26, a decrease of 13.2% compared to CNY 2,288,179,457.58 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was CNY 259,682,447.80, a decline of 26.1% from CNY 351,561,228.45 in 2024[18] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.2537, down from CNY 0.3421 in 2024[19] - Operating profit for the first three quarters of 2025 was approximately ¥291.74 million, down 26.0% from ¥393.63 million in 2024[26] - Net profit for the first three quarters of 2025 was approximately ¥250.16 million, a decrease of 25.7% compared to ¥336.65 million in 2024[27] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥4.46 billion, a slight decrease of 0.36% from the end of the previous year[5] - The equity attributable to shareholders decreased by 6.75% to approximately ¥3.40 billion compared to the end of the previous year[5] - The company reported total current assets of CNY 2,554,723,565.51 as of September 30, 2025, a slight decrease from CNY 2,571,375,340.00 on December 31, 2024[12] - Total liabilities increased to CNY 1,062,076,991.90 from CNY 831,809,288.44, representing an increase of approximately 27.67%[14] - The company's total assets were reported at CNY 4,463,953,289.58, a slight decrease from CNY 4,480,078,506.32[13] - The equity attributable to shareholders decreased to CNY 3,401,876,297.68 from CNY 3,648,269,217.88, reflecting a decline of about 6.76%[14] - Short-term borrowings increased significantly to CNY 245,358,822.91 from CNY 70,049,194.45, marking an increase of approximately 250.51%[13] - The company reported a total of CNY 964,101,313.27 in current liabilities, up from CNY 727,339,280.06, indicating an increase of about 32.51%[14] Cash Flow - The cash flow from operating activities for the year-to-date was approximately ¥382.70 million, showing a slight increase of 1.40%[4] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 2,197,260,693.88, a decrease of 15.8% compared to CNY 2,609,196,510.21 in 2024[20] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥364.44 million, a slight decrease of 2.0% from ¥375.18 million in 2024[30] - Total cash inflow from investment activities increased significantly to 821,900,013.23 RMB from 282,981,458.84 RMB, primarily due to cash recovered from investments[21] - The net cash flow from investment activities was -250,649,163.10 RMB, compared to -230,221,745.19 RMB in the previous period, reflecting ongoing investment expenditures[21] - Cash inflow from financing activities was 331,200,000.00 RMB, up from 232,886,719.09 RMB, indicating increased borrowing activities[21] - The total cash outflow from financing activities was 688,291,123.90 RMB, compared to 596,968,458.35 RMB previously, showing higher cash distributions[21] - The ending cash and cash equivalents balance decreased to 876,451,531.59 RMB from 1,351,903,328.54 RMB, reflecting a net decrease of 225,036,891.63 RMB[21] Expenses - Total operating costs for the first three quarters of 2025 were CNY 1,697,772,208.20, down 10.8% from CNY 1,902,110,873.93 in 2024[17] - Cash paid for purchasing goods and services in the first three quarters of 2025 was CNY 1,051,458,034.68, down from CNY 1,591,703,161.82 in 2024[20] - Research and development expenses for the first three quarters of 2025 were CNY 63,667,218.38, an increase of 4.4% compared to CNY 61,016,527.97 in 2024[17] - Financial expenses for the first three quarters of 2025 showed a net income of CNY -23,673,604.34, an improvement from CNY -29,404,045.15 in 2024[17] - The company reported a decrease in sales expenses to CNY 325,449,783.90 in 2025 from CNY 320,910,896.45 in 2024, indicating a slight increase[17] - Research and development expenses for the first three quarters of 2025 were approximately ¥63.67 million, an increase of 4.3% from ¥61.02 million in 2024[26] - Sales expenses for the first three quarters of 2025 were approximately ¥308.22 million, an increase of 6.9% compared to ¥290.22 million in 2024[26] Shareholder Information - The company reported a total of 73,656 common shareholders at the end of the reporting period[9] - The company has no significant changes in the top 10 shareholders or their shareholding status[11] - The company has not engaged in any share lending or borrowing activities during the reporting period[11] Accounting Standards - The company has not applied new accounting standards for the year 2025[31]