格林美(002340) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥9,936,957,661.81, an increase of 31.89% compared to the same period last year[5] - Net profit attributable to shareholders was ¥309,644,817.94, reflecting a growth of 52.99% year-on-year[5] - The basic earnings per share increased by 50.00% to ¥0.06, while diluted earnings per share also rose by 50.00% to ¥0.06[5] - For the first three quarters of 2025, the company reported a total revenue of 27.498 billion RMB, reflecting a year-on-year growth of 10.55%, and a net profit of 1.109 billion RMB, which is a 22.66% increase[12] - Net profit for the current period was ¥1,313,130,620.98, representing a 23.6% increase from ¥1,062,051,823.41 in the previous period[41] - Earnings per share (EPS) for the current period was ¥0.22, compared to ¥0.18 in the previous period, indicating a growth of 22.2%[42] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥72,263,521,948.65, representing an 8.18% increase from the end of the previous year[5] - Total liabilities rose to ¥46,938,957,348.75, compared to ¥43,296,921,373.26 in the previous period, reflecting an increase of 6.1%[38] - Total equity increased to ¥25,324,564,599.90 from ¥23,499,803,083.93, showing a growth of 7.8%[38] - Current assets totaled approximately ¥28.36 billion, up from ¥25.82 billion at the start of the period, indicating strong liquidity[35] Investment and Income - The company reported a significant increase in investment income of ¥3,840,000,000, marking a growth of 9,468.11% due to the sale of ECOPRO MAT shares[8] - The company reported investment income of ¥388,126,178.94, significantly higher than ¥4,056,454.96 in the previous period[41] - The company recorded non-operating income of ¥198,395,722.05 for the reporting period, down from ¥288,018,326.04 in the previous year[7] Production and Operations - The company’s nickel metal shipments from its Indonesian project reached 35,939 tons in Q3 2025, with a total of 79,916 tons for the first three quarters, marking a 151% year-on-year increase[15] - The company self-produced 6,534 tons of cobalt metal in Q3 2025, effectively countering a six-month cobalt embargo from the Democratic Republic of Congo[15] - The company recycled 36,643 tons of power batteries in the first three quarters of 2025, representing a 59% year-on-year growth[17] - The company’s tungsten resource recovery shipments reached 5,590 tons in the first three quarters of 2025, a year-on-year increase of 22%[17] - The company’s nickel-cobalt precursor shipments exceeded 120,000 tons in the first three quarters of 2025, with cathode materials shipped reaching over 17,000 tons[17] Strategic Initiatives - The company launched a new 30,000-ton nickel electroplating production line in Indonesia in September 2025, marking a strategic breakthrough in its overseas nickel resource layout[18] - A strategic collaboration was formed with Professor Sun Xueliang's team to advance solid-state battery technology, aiming to enhance safety and energy density for global competitiveness[25] - The company signed a framework agreement with Indonesia's sovereign wealth fund Danantara for a green nickel resource project, targeting a capacity of 66,000 tons of nickel metal[26][27] - Strategic cooperation agreements were signed with Weilan Lithium and Xiamen Tungsten to supply 150,000 tons of battery materials annually from 2026 to 2028, totaling 450,000 tons over three years[28] - The company established a joint innovation laboratory for low-carbon recycling of power batteries in Wuhan with 12 key industry partners, focusing on digital recycling and high-value material development[23] Research and Development - Research and development expenses increased to ¥840,748,120.51, up from ¥782,776,129.73, marking a growth of 7.4%[41] - The company achieved mass production and delivery of the world's first ultra-high nickel 9-series quaternary core-shell precursor in July 2025, filling a significant gap in the global market[20] Cash Flow and Expenditures - Cash inflow from operating activities totaled ¥32,591,976,070.87, an increase from ¥30,227,410,078.99 in the previous period[44] - Cash inflow from investment activities totaled $2.08 billion, significantly up from $375 million in the prior period[45] - Cash outflow for capital expenditures was $9.46 billion, compared to $8.74 billion last year, indicating a 8.2% increase[45] - Net cash flow from financing activities was $5.46 billion, up 23.6% from $4.41 billion in the previous period[45] - The total cash and cash equivalents at the end of the period stood at $4.70 billion, a decrease from $3.25 billion year-over-year[45] Other Information - The company has not undergone an audit for the third quarter financial report[46] - The new accounting standards will be implemented starting in 2025, affecting the financial statements[46] - The company’s board of directors issued a statement on October 30, 2025, regarding financial performance[47]