AECC AP(SH:600893)2025-10-30 09:45Financial Performance - The company's operating revenue for the third quarter was approximately CNY 8.81 billion, representing an increase of 18.97% compared to the same period last year[3]. - The total profit for the third quarter decreased by 64.79% to approximately CNY 66.92 million, while the net profit attributable to shareholders dropped by 87.69% to approximately CNY 16.18 million[3]. - The basic earnings per share for the third quarter was CNY 0.01, reflecting a decrease of 80.00% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was ¥22.91 billion, a decrease of 11.8% compared to ¥25.96 billion in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was ¥190.12 million, a decline of 76.8% from ¥817.19 million in 2024[19]. - Operating profit for the first three quarters of 2025 was ¥284.52 million, a decrease of 68.8% compared to ¥913.03 million in 2024[19]. - Basic earnings per share for the first three quarters of 2025 were ¥0.04, down from ¥0.27 in the same period of 2024[19]. - The company reported a total comprehensive income of ¥189.04 million for the first three quarters of 2025, significantly lower than ¥815.11 million in 2024[19]. - The company reported a total profit of approximately ¥360.25 million for the first three quarters of 2025, a decrease of 29% from ¥506.38 million in the same period of 2024[27]. Assets and Liabilities - Total assets increased by 9.87% to approximately CNY 127.36 billion compared to the end of the previous year[4]. - Total current assets as of September 30, 2025, amount to ¥94,622,573,730.24, an increase from ¥83,897,883,793.98 as of December 31, 2024[14]. - Total assets increased to ¥127,356,803,514.34 from ¥115,913,298,911.68, representing a growth of approximately 9.5%[15]. - The total liabilities as of the reporting date were ¥79.73 billion, an increase of 13.5% from ¥70.40 billion in the previous year[16]. - The company's total liabilities as of September 30, 2025, were ¥21.51 billion, up from ¥18.16 billion at the end of 2024, indicating a 12.9% increase[24]. - Total liabilities increased to ¥94,622,573,730.24, reflecting a significant rise in financial obligations[15]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net increase of 50.99% year-to-date[9]. - In the first three quarters of 2025, the cash inflow from operating activities reached ¥29.85 billion, a significant increase from ¥16.05 billion in the same period of 2024, representing an 86.5% growth[21]. - The net cash flow from operating activities for the first three quarters of 2025 was -¥8.47 billion, an improvement compared to -¥17.28 billion in the first three quarters of 2024[21]. - The company reported a net cash flow from operating activities of approximately -¥5.37 billion for the first three quarters of 2025, an improvement from -¥6.58 billion in the same period of 2024[29]. - Cash inflow from financing activities was approximately ¥12.39 billion in the first three quarters of 2025, compared to ¥6.25 billion in the same period of 2024, indicating a significant increase[29]. Research and Development - Research and development expenses rose by 21.70%, indicating increased investment in innovation and product development[8]. - Research and development expenses increased to ¥409.43 million in 2025, up 21.7% from ¥336.41 million in 2024[18]. - Research and development expenses remained stable at approximately ¥31.60 million in the first three quarters of 2025, compared to ¥31.46 million in the same period of 2024[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 130,791[11]. - The largest shareholder, China Aviation Engine Group Co., Ltd., holds 1,220,558,027 shares, accounting for 45.79% of total shares[11]. Inventory and Receivables - The company experienced a 37.83% increase in inventory, driven by increased production needs[8]. - Accounts receivable increased to ¥41,415,207,407.62 from ¥35,719,779,601.66, reflecting a growth of approximately 15.5%[14]. - Inventory rose significantly to ¥43,692,211,429.50 from ¥31,699,481,255.50, indicating a growth of about 37.8%[14]. - The accounts receivable increased to ¥13.12 billion as of September 30, 2025, from ¥10.20 billion at the end of 2024, representing a 28.5% rise[23]. - The inventory level as of September 30, 2025, was ¥9.79 billion, an increase from ¥8.41 billion at the end of 2024, reflecting a 16.4% growth[23]. Financial Expenses - Financial expenses rose to ¥440.81 million in 2025, compared to ¥299.25 million in 2024, reflecting an increase of 47.2%[18]. - The company incurred financial expenses of approximately ¥146.51 million in the first three quarters of 2025, significantly higher than ¥60.75 million in the same period of 2024[27]. Investment Income - The company reported a decrease in investment income by 28.62%, primarily due to declining profits from joint ventures[8]. - The company achieved investment income of approximately ¥192.96 million in the first three quarters of 2025, down from ¥358.64 million in the same period of 2024[27].