方大炭素(600516) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥931,628,491.33, representing a year-on-year increase of 16.60%[4] - The total profit for the period was ¥110,661,415.02, which is an increase of 25.34% compared to the same period last year[4] - The net profit attributable to shareholders was ¥58,651,470.56, showing a decrease of 30.60% year-on-year[4] - The basic earnings per share for the quarter was ¥0.0155, down 27.23% from the previous year[5] - The weighted average return on equity decreased to 0.3611%, a drop of 0.13 percentage points compared to the previous year[5] - The company reported a significant decline in net profit for the year-to-date period, with a decrease of 55.89% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 2,621,930,355.86, a decrease of 16.7% compared to CNY 3,150,858,656.23 in the same period of 2024[25] - Operating profit for the first three quarters of 2025 was CNY 188,654,259.53, down 40.1% from CNY 314,894,338.54 in 2024[27] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 113,184,163.75, a decline of 55.8% compared to CNY 256,606,533.80 in 2024[27] - The total comprehensive income for the first three quarters of 2025 was CNY 91,291,967.92, a significant decrease from CNY 242,177,498.77 in 2024[28] Assets and Liabilities - The total assets at the end of the period were ¥20,550,653,181.01, reflecting a slight increase of 0.88% from the end of the previous year[5] - The total assets of the company as of September 30, 2025, amounted to RMB 20,550,653,181.01, an increase from RMB 20,371,965,197.78 at the end of 2024[20]. - The company’s current liabilities increased, with short-term borrowings rising to RMB 788,602,760.79 from RMB 540,804,238.65, indicating a growth of approximately 45.9%[21]. - Total liabilities increased to CNY 3,056,378,110.05 in 2025 from CNY 2,877,906,171.22 in 2024, representing a growth of 6.2%[23] Cash Flow - The cash flow from operating activities was negative at -¥239,516,599.07, a decline of 201.20% compared to the same period last year[4] - Cash received from sales of goods and services was CNY 2,521,329,196.90 in the first three quarters of 2025, down 22.0% from CNY 3,233,097,961.39 in 2024[30] - Operating cash inflow totaled $2,820,780,562.79, a decrease from $3,597,704,121.14 in the previous period[31] - Net cash flow from operating activities was negative at -$530,275,710.34, compared to a positive $558,245,580.80 last year[31] - The company reported a total cash outflow from operating activities of $3,351,056,273.13, compared to $3,039,458,540.34 previously[31] - Total cash outflow from investment activities was $3,633,529,838.13, a decrease from $3,764,726,959.41[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 204,420, with the largest shareholder holding 37.86% of the shares[12] - The company plans to distribute a cash dividend of RMB 0.02 per share, totaling RMB 75.53 million, based on a total share base of 3,776,597,903 shares after accounting for repurchased shares[16]. - The total equity attributable to shareholders of the parent company was CNY 16,192,185,283.75 in 2025, slightly up from CNY 16,170,077,933.65 in 2024[23] Investments and Projects - The company is undertaking a capacity transfer and renovation project at its subsidiary, Fushun Carbon, which includes a plan to construct a 30,000-ton ultra-high-power graphite electrode project[17]. - The company’s long-term equity investments decreased slightly to RMB 6,814,753,607.88 from RMB 6,832,955,594.88, a decline of about 0.27%[21]. - The company’s inventory as of September 30, 2025, was RMB 1,520,020,697.83, down from RMB 1,544,825,414.07, reflecting a decrease of approximately 1.6%[20]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 49,833,021.39, a decrease of 15.0% compared to CNY 58,680,151.53 in 2024[26]