JSHX(SH:600307)2025-10-30 09:55Financial Performance - The company's operating revenue for Q3 2025 was ¥8,161,613,819.20, a decrease of 0.97% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥61,895,454.46, with a year-to-date loss of ¥710,621,303.70[3] - Total operating revenue for the first three quarters of 2025 was CNY 23.76 billion, a decrease of 7.8% compared to CNY 25.76 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 710.62 million, an improvement from a loss of CNY 1.95 billion in the same period of 2024[19][20] - The company reported a basic and diluted earnings per share of CNY -0.1135 for the first three quarters of 2025, an improvement from CNY -0.3107 in 2024[20] Assets and Liabilities - The total assets increased by 6.39% to ¥50,202,205,955.89 compared to the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to RMB 50,202,205,955.89, an increase from RMB 47,187,699,382.09 as of December 31, 2024, reflecting a growth of approximately 4.3%[15][17] - The company's current assets decreased to RMB 8,376,033,303.57 from RMB 9,022,030,734.11, representing a decline of about 7.2%[15] - The total liabilities increased to RMB 43,392,033,581.61 from RMB 39,628,325,103.79, indicating a rise of approximately 9.2%[16][17] - The company's long-term borrowings increased to RMB 15,025,743,595.43 from RMB 10,055,522,000.00, reflecting a significant rise of about 49.5%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥948,788,581.07 year-to-date[3] - Cash flow from operating activities showed a net outflow of CNY 948.79 million, compared to a net outflow of CNY 1.45 billion in the previous year[22] - Cash flow from investing activities resulted in a net outflow of CNY 3.24 billion, slightly improved from a net outflow of CNY 3.55 billion in 2024[24] - Cash flow from financing activities generated a net inflow of CNY 3.67 billion, compared to CNY 3.60 billion in the same period of 2024[24] - The total cash and cash equivalents at the end of the period was CNY 1.11 billion, down from CNY 1.92 billion at the end of the same period in 2024[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 186,521[9] - The company completed a share repurchase of 69,991,600 shares, accounting for 1.117% of the total share capital, with a total expenditure of RMB 100,036,312.00[10] - The controlling shareholder, Jiugang Group, has cumulatively increased its stake by 250,918,978 shares, representing 4% of the total share capital, with a total investment of RMB 300 million[11] Research and Development - The company plans to focus on research and development in new energy steel products, as indicated by a 319.95% increase in development expenditures[7] - Research and development expenses for the first three quarters of 2025 were CNY 577.91 million, a decrease of 21.7% from CNY 737.59 million in 2024[19] Legal Matters - The company successfully defended against a patent infringement lawsuit, resulting in a favorable ruling that confirmed no infringement occurred[12] Inventory and Receivables - The accounts receivable increased by 38.09%, attributed to an increase in customer payments[7] - The company's inventory decreased to RMB 4,556,062,376.29 from RMB 4,829,914,943.04, a reduction of approximately 5.6%[15] - The company's retained earnings showed a deficit of RMB 7,637,436,362.57, worsening from a deficit of RMB 6,926,815,058.87[16]